Subsea World News has put together a recap of the most interesting articles from the previous week (October 23 – October 29). Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with approximately 250 jobs lost. The restructuring is related to the con
Polarcus has narrowed its quarterly loss when compared to third-quarter 2016, as the seismic player managed to lower its operating costs by close to 16 percent year-over-year. The Oslo-listed company reported net loss for the quarter of $9.1 million or $0.06 per share, versus loss of $17.4 million i
Innogy has completed the annual maintenance of its 295MW Nordsee Ost offshore wind farm in Germany, including inspection of wind turbine blades and foundations, and maintenance of the offshore substation.
Bureau Veritas is looking ahead to positive start to 2018 securing contracts worth more than £7.5 million over the past two months, for its North Sea Offshore Operations business. Bureau Veritas has won new contracts with several operators, as well as a number of extensions on existing contracts, wi
Oslo-listed seismic contractors Polarcus has secured two 3D acquisition projects in South America and Middle East. The South america project will start in Q4 2017 and will utilize the company’s XArray acquisition methodology. The survey is for an undisclosed client, and it should run for approximate
Aker Solutions is bolstering its liquefied natural gas capabilities to capitalize on an expected surge in global demand for the fuel as energy companies transition to a low-carbon future. The subsea production and processing expert has hired four leading specialists with extensive experience from ex
EU Horizon 2020-launched ‘Enabling Future Arrays in Tidal’ (EnFAIT) project carries out a demonstration of a grid-connected tidal energy array with the aim to provide a step change in the lifetime cost of energy for tidal power. The project involves a consortium of nine leading industrial, academic
Ocean Infinity recently launched six HUGIN AUVs, each with an independent mission that has surpassed a water depth of 5200 meters. This is the deepest dive undertaken by multiple AUVs commercially known, the company said. It is also a first for six HUGIN AUVs to simultaneously descend further than 5
Researchers at the Marine Energy Research and Innovation Center (MERIC) of Chile are conducting a biofouling study with the aim of developing an anti-fouling solution that would accelerate the development of marine renewable energy sector in the country. The scientists are conducting various tests a
IOX Cable and Alcatel Submarine Networks have started work for cable route survey for the IOX Cable System, which will span more than 8,850 kilometers. Arunachalam Kandasamy, founder and CEO of IOX Cable said: “We at IOX are pleased to announce the commencement of work on the IOX Cable System. The c
Dutch developer Bluerise has opened its crowdfunding campaign for overfunding after reaching the initial target of €250,000 weeks before the end of the campaign. Bluerise launched the crowdfunding campaign on October 19, 2017, with the initial target of €250,000 meant for use for the company’s ocean
Subsea engineering specialist Oceaneering has reported net loss of $1.8 million, or 2 cents per share, on revenue of $476 million for the three months ended September 30, 2017. Adjusted net income was $2.4 million, or $0.02 per share, missing analysts expectations of $0.03 EPS, and revenue by some $
C-Kore Systems has deployed their fault-finding tools with an unnamed operator working in the Caspian Basin. The units located the fault in the subsea field, allowing the operator to replace the faulty equipment and bring the systems back online. The operator’s subsea controls engineer said, “The C-
Kongsberg Maritime (KM) has reported third-quarter 2017 revenues at NOK 1.81 billion, relatively flat with NOK 1.85 billion in the corresponding period in 2016. Kongsberg’s largest business area has seen order intake in the quarter at NOK 1,67 billion, resulting in an accumulated order intake at qua
