Norwegian geophysical services company EMGS has recorded slightly lower results when compared to second-quarter 2017, with net loss widened by some 200K. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $6.2 million or 6 cent per share, versus loss of $6 million in Q2
Oslo-listed Subsea 7 has seen profit cut by close to 50 percent in the quarter ended June 30, 2018 on fewer large projects, lower margins and lower activity levels in some of its business units. The subsea engineering and construction specialist posted quarterly profit of $74 million, or $24 cents p
Two days after touching the Canadian seabed in the Bay of Fundy – the 2MW tidal turbine, deployed by Cape Sharp Tidal, has been connected to the Nova Scotia electricity grid.
The government of Ireland has approved the new Renewable Electricity Support Scheme (RESS) which is expected to spur the introduction of sufficient renewable electricity generation to meet national and EU-wide renewable energy and decarbonization targets out to 2030.
The offshore installation barge ‘Castoro 10’ (C10) has started preparatory works for Nord Stream 2 pipelaying in the Baltic Sea. The C10 assumed its starting position with the help of its eight anchors in the shallow waters of Lubmin, Germany. During operations, pipe segments are welded together on
Italian oilfield services player Saipem has reported loss in the first half of 2018 of €323 million ($377.5 million), on revenues of €3.8 billion ($4.4 billion). This result compares to net loss of €110 million ($128.6 million) on revenues of €4.6 billion ($5.4 billion) for the first six months of 2
Innovatum has teamed up its Smartrak magnetic sensor system to a Saab Seaeye Sabertooth autonomous robotic vehicle to hunt down and survey buried submarine pipelines, energy cables and communication cables. The Sabertooth is said to be the only autonomous vehicle able to handle the out-rigged Smartr
A new training initiative to help prevent oil and gas incidents by focusing on human behaviours has been launched free to industry by the International Well Control Forum (IWCF). Experts in human factors and strategic leadership developed the online training course with IWCF, the independent, not-fo
SIMEC Atlantis Energy has retrieved two MeyGen tidal power turbines for inspection and maintenance.
The Offshore Renewable Energy (ORE) Catapult has appointed two UK universities to join its £3.1 million electrical engineering research hub that will seek to make the UK electrical system fit for offshore renewables.
Marine Energy Wales has appointed RPS to provide environmental support for the Marine Energy Test Area (META) project in the Milford Haven Waterway.
Offshore services player Helix Energy Solutions has returned to profit in the second quarter of 2018 compared with the same period last year as activities increased in all divisions. Helix reported profit of $18 million, or 12 cents per diluted share, for the second quarter of 2018, compared to net
The Georgia Institute of Technology’s engineering team has been selected as finalist in the Biomimicry Global Design Challenge for designing a tidal energy harvester inspired by nature.
In support of its research into floating solar energy, the Queen’s University Belfast is seeking a post-graduate candidate to investigate dynamic response of floating solar PV arrays.
