Dutch subsea and survey specialist Fugro has posted net loss of €40 million for the first half of 2018, against net loss of €96 million in 1H 2017. The company’s revenue on currency comparable basis increased close to 17 per cent from €774 million in 1H 2017 to €797 million in 1H 2018. Fugro’s marin
McDermott International has awarded Royal IHC a modification contract to convert its pipelay and construction vessel Amazon to an ultra-deepwater J-Lay vessel. The Amazon will be capable of installing hex-joints up to 60 centimeters in diameter on a worldwide basis. IHC will be responsible for the o
Houston-based McDermott has reported quarterly profit of $47 million, or $0.33 per diluted share, compared to $36 million, or $0.38 per diluted share in the second quarter of 2017. Adjusted net income for the second quarter was $59 million, with adjusted diluted earnings per share of $0.29. The comp
Researchers from the Alaska Center for Energy and Power (ACEP) have deployed mooring equipment in Stefansson Sound in the Beaufort Sea as part of government-backed wave energy research project.
San Miguel Corporation (SMC) has unveiled plans to make significant investments into renewable energy and energy storage initiatives in the next 10 years.
Carnegie Clean Energy has signed of a collaboration agreement with renewables player Enel Green Power (EGP) which will see EGP invest €1 million (AU$1.6 million) in the research, development and deployment of the CETO wave energy technology. EGP will also become a technical advisory committee member
IKM Testing Australia has been awarded a contract by Quadrant Energy to provide engineering, subsea pigging and flushing services on their East Spar Field. The scope of work initially will begin with onshore pigging trials at IKM’s Perth facility. Once completed, works will follow on with purging, h
Australian company Carnegie Clean Energy has signed an agreement with Enel Green Power (EGP) which will see the Italian party invest €1 million in the research, development and deployment of the CETO wave energy technology.
The 55 meters high jacket for TenneT’s first offshore platform in the Borssele wind farm zone has been completed. The load-out of the jacket at the HSM Offshore shipyard in Schiedam is the first milestone for TenneT in the realization of the Borssele Offshore Wind Farm Zone project. During the load-
INPEX has started production of gas at its Ichthys LNG project, marking the start of approximately 40 years of operations of this large-scale LNG development. The produced gas will be gathered within the Central Processing Facility, Ichthys Explorer, where it will be separated into gases and liquids
All planned maintenance works on the Nord Stream twin gas pipelines have been concluded within the scheduled time frame. Gas transmission resumed today and the full capacity of both pipelines is now available again, Nord Stream AG informed. Nord Stream AG’s maintenance director, Olivier Escola, said
Australian wave energy developer Carnegie Clean Energy has wrapped up a geophysical site survey of the proposed Albany offshore deployment site for the CETO 6 wave project.
Kvaerner has delivered the third jacket for Johan Sverdrup Phase 1 development in the North Sea. Through the frame agreement entered into in 2014, and in international competition, Kvaerner was awarded the three largest substructures out of four for the first phase of the project. The first delivery
2H Offshore, riser and conductor specialists in subsea services group, Acteon, has completed the installation of a retrofit conductor supported platform (CSP). This enabled a successful appraisal well to be transitioned to production in 26 meters water depth, offshore Bahrain, within 6 months of pro
