Houston-based McDermott posted quarterly profit of $94.7 million, or 33 cents per fully diluted share, compared to $16.1 million profit, or 7 cents per fully diluted share in the third quarter 2016. This result beats analysts predictions by 14 cents. The company had no adjustments, compared to an ad
Trelleborg has supplied a bespoke flexible rubber membrane for use with wave energy devices to WETFEET research and development project.
Swedish tidal energy developer Minesto has awarded a framework agreement to Holyhead Towing, and Leask Marine covering various marine operational needs as part of Deep Green tidal project.
Cape Sharp Tidal has delayed the deployment of the second tidal turbine in the Bay of Fundy for the first half of 2018.
ION Geophysical has reported third quarter 2017 net income of $4.9 million, or $0.41 per diluted share, on revenues of $61.1 million, compared to net income of $1.7 million, or $0.14 per diluted share, on revenues of $78.6 million in third quarter 2016. The company reported Adjusted EBITDA of $27.1
The UK wave energy sector’s failure to reach market can in part be attributed to premature emphasis on commercialization and lack of knowledge exchange, the new report by University of Strathclyde and Imperial College London has found.
Norwegian seabed seismic services player Magseis has bounced back in black in the third quarter of 2017 as revenue jumped close to 120 percent when compared to the prior-year quarter. The Oslo-listed company has seen its revenue at USD 28.6 million, up from USD 13.1 million same time last year. Reve
Dutch offshore inspection services provider, Bluestream Offshore, has carried out extensive inspection work on three TenneT’s HVDC platforms in the German sector of the North Sea: BorWin Alpha, DolWin Alpha and DolWin Beta.
Norwegian geophysical services company EMGS posted loss for the third-quarter 2017 of $1.6 million, improving from $11.1 million loss in the same period last year. The Oslo-listed company generated revenues of $10 million in the quarter ended September 2017, up 122 percent from $4.5 million in the c
Jones Bros Civil Engineering UK has informed that the gravity base structure for Minesto’s Deep Green tidal energy project is halfway done.
Tocardo Tidal Power plans to retrieve its Temporary Foundation System (TFS) floating tidal platform equipped with T2 tidal turbine from the European Marine Energy Centre (EMEC).
RES has signed an operations and maintenance (O&M) contract for Offshore Renewable Energy Catapult’s offshore met mast situated approximately three nautical miles off Blyth.
McDermott has been awarded for a contract between USD $250 million and USD $500 million for the engineering, procurement, construction and installation (EPCI) services for an offshore Middle East redevelopment project. McDermott plans to fabricate and install four wellhead topsides, a manifold platf
McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east coast of India. McDermott will provide engineering, procurement, installation and pre-commissioning of subsea flowlines, vent lin
