Oilfield services investment company Akastor recorded loss of NOK 251 million ($31 million) for the second-quarter 2018 compared to loss of NOK 321 million ($40 million) same time in 2017. Akastor generated profit of NOK 121 million from continuing operations. However, the result for the second quar
Bristol-based engineering company Blackfish has completed the installation of a lifting platform for the University of Southampton’s Boldrewood marine energy test facility.
A small-scale tidal current turbine demonstrator, being developed by Spanish Seasplace and UK’s Magnomatics, has achieved one third more efficiency during testing than had been previously predicted.
Denmark-based marine contractor Peter Madsen Rederi A/S (PMR) has completed the construction of a new set of stone beds in the Port of Esbjerg for the load-out of turbines destined for the Horns Rev 3 offshore wind farm.
The Underwater Centre, has become the world’s only commercial diving school to offer a closed bell saturation diving system with a self-propelled hyperbaric lifeboat (SPHL), following a major refurbishment. Thanks to investment and support from the global oil and gas sector, The Underwater Centre re
Operating for over 50 years, the Rance tidal power plant – located in the estuary of the Rance River in France – has in 2017 supplied close to third of total energy consumed by the island of Guernsey’s residents.
New technology, said to measure ocean waves and currents with greater accuracy than ever before, is being deployed off the Western Australian coast as part of Wave Energy Research Centre initiative.
NEC Corporation’s subsidiary, NEC Technologies India (NECTI), has secured a contract to design, engineer, supply, install, test and implement an optical submarine cable system connecting Chennai and the Andaman & Nicobar Islands (A&N Islands). The contract was awarded by Bharat Sanchar Nigam Limited
Irish company DesignPro Renewables has rescheduled the deployment of its device at the French testing site SEENEOH to accommodate additional improvements on the device expected to be completed before fall this year.
Singapore-headquartered offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), and Taiwan-based logistics firm Kerry TJ Logistics have established a joint venture (JV) company POSH Kerry Renewables to provide integrated supply chain and marine solutions to the offshore wind
Aker Solutions has seen its profit go up in the second-quarter 2018 at NOK 117 million, or NOK 0.42 per share, versus net income of NOK 33 million, or NOK 0.08 same time last year. The market activity boost allowed the Norwegian services company to generate quarterly revenue of NOK 6.3 billion ($778
Modus Seabed Intervention has appointed Luke Barnes to the position of Commercial Manager as the company reaffirms the commitment to expand into new and emerging markets.
Natron Energy has entered into an evaluation agreement with Electricite De France (EDF) on the potential use of its technology for stationary storage applications in support of the growing use of grid-scale renewables.
Consulting services are being sought for the delivery of market study into the challenges and opportunities for the marine renewable energy developments in the Western Indian Ocean (WIO).
