Operations & Maintenance
DEME to Boost Installation Capacity with New Vessel Order
DEME has ordered an offshore installation vessel ‘Orion’ at COSCO in China, set for delivery in 2019. The ‘Orion’ will be deployed by DEME’s subsidiary GeoSea for the construction of the offshore wind farms, to service the oil and gas industry and for decommissioning of offshore installations. With
Dril-Quip Axes Jobs as Profits Dip
Dril-Quip has generated net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015. Total revenues were $106.1 million during the quarter ended December 31, 2016
Video: French energy minister checks out EEL tidal device
The French Minister of Ecology, Sustainable Development and Energy Ségolène Royal has visited EEL Energy to take a look at its new generation tidal energy device.
Emas Chiyoda Subsea in Bankruptcy Filing
Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the company’s financial and operational restructuring. In connection with the filing, ECS has received a commitment on an up to US$90 million financing facility from
Eidesvik Sinks Deeper into Red
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by close to 40 percent in the weak market. In the fourth quarter 2016, Eidesvik generated revenues of NOK 209 million. Revenues in the corresponding period in 2015 wer
Siemens and SkySpecs Fine-Tuning Flying Blade Inspectors
Siemens is collaborating with US-based company SkySpecs to deploy automated drone technology for onshore and offshore wind turbine blade inspections.
Farstad Takes NOK 3.6 Bln Loss in 2016
Norwegian shipowner Farstad has seen its loss widened on more than 40 percent drop in operating income and large fleet and asset impairment recognised in the fourth quarter of 2016. The company has booked quarterly loss of NOK 2.38 billion, or NOK 61 per diluted share, versus a loss of NOK 1.31 bill
JBA Consulting joins Team Humber Marine Alliance
JBA Consulting has signed a membership agreement with the Hull-based business development company Team Humber Marine Alliance (THMA).
Minesto seeks Deep Green struts
Minesto has launched a tender for composite struts that will be used for its Deep Green tidal kite.
Rhenus Opens UK Supply Bases
Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.
Rhenus Opens UK Supply Bases
Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.
GKinetic eyes bigger tidal device
GKinetic Energy is looking for partners to discuss collaborative opportunities to build and demonstrate a 250kW tidal energy device.
GC Rieber Swings to Profit
Norwegian offshore vessels provider, GC Rieber Shipping, has reported total profit of NOK 52.6 million in the Q4 2016, compared with a loss of NOK 400.1 million in the Q4 2015. The Oslo-listed firm generated operating income of NOK 34.5 million in the fourth quarter of 2016. This result compares wit
Scientists Explore Senghor Sea Mount
A group of European and American scientists have embarked on an oceanographic mission aboard the German research vessel RV Maria S. Merian to study the physical and bio-geo-chemical characterization of the Senghor Sea Mount ecosystem located to the north of the Cape Verde Archipelago. The ten-day sc