Dril-Quip has reported net loss of $29.3 million, or $0.78 per diluted share, for the three months ended September 30, 2017, versus net income of $19 million, or $0.51 per diluted share, for the third quarter of 2016. Total revenues were $100 million during the quarter, down 19 percent compared to $
Forum Energy Technologies recorded net loss in the third-quarter 2017 of $15 million, or 15 cents per diluted share, compared to net loss of $78 million, or 81 cents per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $78 million, or 81 cents per diluted share. Ad
Finnish wave energy developer Wello has informed that its Penguin wave energy device survived several major storm waves of up to 13 meters during the ongoing trials taking place off Scotland.
The Danish Minister for Energy, Utilities and Climate, Lars Christian Lilleholt, has approved Energinet’s investment in the Viking Link power cable connecting Denmark and Great Britain. “This is really good news. Viking Link to Great Britain and an upgrade of the power grid in western Jutland will c
Dutch Marine Energy Centre (DMEC) has launched a tender for the management of its marine energy test sites in the Netherlands.
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a subsea umbilical, riser and flexible (SURF) lay project in the Middle East. Flowline Specialists FZE was contracted to assist in laying various flexible
A consortium comprising of NTT Communications, SoftBank, Facebook, Amazon, PLDT and PCCW Global, has signed an agreement to participate in the construction and maintenance of the JUPITER optical submarine cable between Asia and the United States. The JUPITER cable system will have a total length of
Francisco García Lorenzo, president of APPA Marina, part of Spanish industry group for renewable energy Asociación de Empresas de Energías Renovables (APPA), has joined the board of Ocean Energy Europe.
DNV GL has issued a new certificate confirming the continued integrity of the Nord Stream pipeline system through the Baltic Sea for a five-year period until 2022. The Nord Stream pipeline was designed and built according to the certifying body’s Offshore Standard DNV OS-F101 for Submarine Pipeline
Searcher Seismic started preparations for regional multi-client airborne gravity, gravity-gradiometry and magnetics survey over the near-shore areas, Gulf of Papua. The Roho Airborne Gravity, Gravity-Gradiometry and Magnetics Survey covers approximately 60,700 square kilometres (~51,000 line km equi
Dutch subsea and survey specialist Fugro has posted revenue decline of some 23 percent in the third quarter of 2017, mostly impacted by lack of activity in its geoscience division. The company’s revenue fell from €474 million in the third quarter of 2016 to €364 million for the period ended Septembe
Seabased is reportedly discontinuing further deployments at its Sotenäs wave energy park off Sweden as it plans to continue with wave energy research in the area.
CGG has completed a Pre-Stack Depth Migration (PSDM) of its Cairenn multi-client survey in the Porcupine Basin, west of Ireland. Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before the
Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 23 – 29, 2017. 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. The tech
