Houston-based McDermott posted quarterly profit of $36.4 million, or 13 cents per fully diluted share, compared to $20.7 million profit, or 7 cents per fully diluted share same time last year. The company had no adjustments, compared to an adjusted net income of $22.8 million, or $0.08 per adjusted
Protean Energy has closed the underwritten rights issue, raising Au$3.14 million ($2.49 million) before costs to support the delivery of storage and wave energy projects.
Ghana-based power producer and wave energy projects developer TC’s Energy has hired Palewater Advisory Group (PAG) to act as its corporate finance advisor.
Italian oilfield services player has reported net loss of €110 million for the first six months ended June 30, 2017, against profit of €53 million in the first half of 2016. Adjusted net profit was €92 million, versus €140 million in 1H 2016. For the second quarter 2017 net loss was €157 million, co
Energy services company Proserv has been awarded a series of contracts worth around $4 million for its well severance, platform and FPSO decommissioning services in the Asia Pacific region. The contracts have been awarded by Premier Oil in Indonesia; Chevron, through Baker Hughes, in the Gulf of Tha
Shell’s Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters following a 5,800 kilometers journey across the ocean. The 488 metre long facility, constructed by Technip Samsung Consortium, left the Samsung Heavy Industries shipyard in Geoje, South Korea on June 29,
James Fisher Marine Services (JFMS) is preparing to redeploy the third tidal turbine for the MeyGen project after completing the reinstallation of two turbines in Scotland’s Pentland Firth.
Briggs Marine Contractors will be undertaking subsea power inspections on behalf Scottish Hydro Electric Power Distribution (SHEPD). The survey, using an ROV launched from the DP2 vessel Glomar Wave, will cover Pentland Firth, mainland Orkney to Graemsay, mainland Orkney to Hoy and Flotta to Hoy. Th
Atlantis Resources has closed the fully subscribed ocean energy bond offer raising the target amount of £5 million less than one month after its launch.
UK cable seal manufacturer Roxtec has designed and supplied a sealing solution for the Rampion offshore wind farm, located 13 kilometers off the coast of Sussex. The Rampion site has a target capacity of 400 MW, generated by 116 wind turbines, expected to be completed in 2018. Roxtec UK managing dir
France has emerged as top tidal energy generator with 500GWh of electricity produced from its tidal resources in 2016, according to International Energy Agency’s (IEA) renewables statistics for 2017.
Explosive ordnance risk mitigation expert Bodac has collaborated with ECS Special Projects to design an underwater mine disposal system. According to the company, the system retains all the main characteristic of the Cobra mine disposal system, and meets DEF Standards, International Ammunition Techn
IHI Corporation and New Energy and Industrial Technology Development Organization (NEDO) have built a 100kW tidal device that will be deployed for real-sea trials next month.
The U.S. oilfield services major Halliburton has bounced back in black in the second quarter, ended June 30, 2017, as it saw increased utilization in North America boosting its revenues by close to 30 per cent year-over-year, and some 16 per cent sequentially. For the second quarter 2017, Halliburto
