Electromagnetic Geoservices (EMGS) has received a USD 8 million multi-client contract from an undisclosed customer. Under the contract, the customer will license certain data from the EMGS’ existing EM multi-client library in Norway and settle future potential uplift obligations towards the company
Australian engineering company Worley has entered the offshore wind operations and maintenance market through the acquisition of the UK-based 3sun Group Ltd . Worley acquired 100% of shares in the offshore wind energy installation, inspection and maintenance business for an enterprise value of GBP 2
European Investment Bank (EIB) has launched the Blue Sustainable Ocean Strategy (Blue SOS) to improve the health of oceans, build stronger and more resilient coastal environments and enhance the sustainability of ocean-related activities. The EIB, as the EU Bank, commits to more than double its lend
Forum Energy Technologies has recorded loss in the third-quarter 2019 of $533 million, or $4.83 per diluted share, compared to loss of $3 million, or $3 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $12 cents per diluted share, with revenue
Seaborn Networks and Anova Financial Networks have formed a strategic alliance to provide the ultra-low latency (ULL) fiber connection between the financial centers of São Paulo, Brazil and Chicago, USA. Seaborn and Anova will offer multiple ULL tiers for potential customers via Seaborn’s fully oper
Siemens Gamesa and EnBW have put the Service Operations Vessel (SOV) Bibby Wavemaster Horizon into operation in the Port of Hamburg. The 90-meter-long SOV will service the EnBW Hohe See and Albatros offshore wind farms in the North Sea. “Offshore wind energy already supplies reliable clean electrici
Italian oilfield services player Saipem has reported third-quarter 2019 profit of €30 million on revenues of €2.23 billion. This result compares to net loss of €34 million on revenues of €2.26 billion in the prior-year comparable period. Adjusted result was net profit of €31 million, against €11 mil
McDermott International has secured a fabrication subcontract, worth between USD 1 million and USD 50 million, for the Greater Tortue Ahmeyim natural gas project. The scope of work for fabrication of the SPS includes: project management, fabrication engineering, procurement, pre-assembly, fabricatio
DOF Subsea has secured two contracts totaling more than 160 vessel days for Skandi Seven and Skandi Skansen in Africa. Skandi Seven has started operations for a repeat international energy company in Angola, delivering integrated FSV services, project management and engineering. DOF Subsea will duri
The EU-funded ODYSSEA Project will launch North Africa’s first fully operational sea observatory in Morocco’s Al-Hoceima National Park. ODYSSEA is in advanced stages of developing, operating and demonstrating an interoperable and cost-effective platform that fully integrates networks of observing an
Bibby Marine Services has taken delivery of its second Damen Accommodation Support Vessel (ASV) 9020, Bibby WaveMaster Horizon, at Damen Shipyards Galati in Romania. On her arrival in the North Sea, the Bibby WaveMaster Horizon will begin maintenance work off the coast of Germany on two EnBW and Enb
TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense,
Polarcus has received a contract for an XArray marine seismic acquisition project in Australia. The contract will have an approximate duration of one month. The project will start in Q1 2020 immediately following completion of the XArray project in Australia, announced on October 17, 2019. The compa
Energy regulator for Great Britain Ofgem said it is unable to approve a proposal by Scottish and Southern Energy Networks (SSEN) to build a 600MW subsea electricity transmission link from Shetland to mainland Scotland. For Shetland, the cable would connect planned wind farm projects on Shetland with
