Operations & Maintenance
Kongsberg Maritime Swings to Profit
Kongsberg Maritime (KM) has reported third-quarter 2017 revenues at NOK 1.81 billion, relatively flat with NOK 1.85 billion in the corresponding period in 2016. Kongsberg’s largest business area has seen order intake in the quarter at NOK 1,67 billion, resulting in an accumulated order intake at qua
UK issues cost of energy review
The UK government has published an independent energy costs review that puts forward proposals on how to reduce costs in the power system in the long-term while ensuring the UK meets its climate change targets. The review, conducted by Professor Dieter Helm, follows the plan set out in July by the U
Tidal Harness up for IET innovation awards
Tidal Harness has made it to the finals of the Institution of Engineering and Technology (IET) 2017 Innovation Awards with its tidal energy technology. Southampton-based tidal energy developer Tidal Harness has been shortlisted for the Power, Sustainability and Start-Up awards in recognition of redu
PGS Reorganizing Business
Norwegian seismic player Petroleum Geo-Services (PGS) is changing its company model to adjust to weaker and more uncertain than before seismic market as it saw its loss widened at $190 million for the quarter ended September 30, 2017 from $29 million same time last year. The new organization should
Aker BP Hires DeepOcean for Subsea IMR Works
Aker BP has awarded a contract to DeepOcean for subsea inspection, maintenance and repair (IMR) activities. The contract has a total market value of minimum NOK 300 million during the initial three years, with an option to continue the activities for an additional six years (2+2+2). The contract inc
TechnipFMC Eyes Subsea Comeback, Nets $121M in Q3
TechnipFMC has reported third-quarter 2017 net income of $121 million and diluted earnings per share of $0.26. Excluding charges and credits, adjusted diluted earnings per share were 39 cents. Profit for the prior-year comparable period was $327 million on pro forma basis. Total company operating pr
VBMS Nets Moray OWF East Inter-Array Cable Deal
VBMS, a subsidiary of Royal Boskalis Westminster, has signed a Preferred Bidder Agreement for the supply and installation of the inter-array cables for Moray Offshore Windfarm East (MOWE) in the UK. MOWE is a joint venture company owned by EDP Renewables (77%) and ENGIE (23%). The contract award is
FORESEA picks six offshore renewable energy winners
The FORESEA program has approved six offshore renewable energy technology projects for support in its third call for applications. FORESEA’s user selection board awarded a ‘Recommendation for Support’ to demonstration projects that will be realized at SEM-REV, Dutch Marine Energy Centre (DMEC), and
Dutch tidal kite nears lift off with VIA 2017 support
Dutch tidal energy developer SeaQurrent has received support from the VIA 2017 program to advance its TidalKite device to next technology readiness (TRL) level. With the VIA 2017 support, SeaQurrent plans to advance its tidal technology to TRL 5. The purpose of this phase is to demonstrate and valid
Gruet: Ocean energy continues march to industrialization
Ocean energy industry players have assembled today in Nantes in France at the Ocean Energy Europe 2017 Conference & Exhibition to assess its progress towards commercialization. Despite political uncertainties, the sector has demonstrated its resilience over the past 12 months by generating record-br
Monaco Oceanography Institute Utilizes ECA Group’s ROV
ECA Group has delivered a fully equipped H800-1000 remotely operated vehicle (ROV) to Monaco Oceanography Institute, for coral reef sampling and analysis. Oceanography scientists check the status of the deep coral reefs by collecting samples of coral and surrounding water, for further analysis. What
Coda Octopus’ Echoscope Sees Deployment on Race Bank OWF
Coda Octopus’s Echoscope real-time 3D sonar system has been deployed on the Race Bank offshore wind farm project by DeepOcean. The Echoscope was used for a vast number of tasks including live cable touch-down monitoring and position recording, monitoring of first and second end pull-ins, cable-cut m
Welsh marine body welcomes Minesto’s tidal cost projections
Marine Energy Wales has welcomed Minesto’s updated cost of energy analysis deeming it as a positive step forward for tidal energy industry as it showed significant improvements compared to previous estimates.
EMO to Build Merkur Service Base in Eemshaven
Merkur Offshore, the developer of German Merkur offshore wind farm, has signed a long-term contract with the Dutch subsidiary of EMS Maritime Offshore (EMO) for the construction of a service base in Eemshaven, the Netherlands.