DOF ASA , a company which serves the subsea market, announces the total income for the 3rd quarter of 2012 was NOK 63.1 million (NOK 92.0 million in 3rd quarter 2011), with an EBITDA of NOK 57.6 million (NOK 54.9 million) and an EBIT of NOK 46.8 million (NOK 35.5 million) after depreciation and writ
Nordic marine energy technology leader Minesto, with a proven technology to cost efficiently produce electricity from low velocity tidal and ocean currents, has been authorized by the Crown Estate in the UK to perform tidal energy tests in the waters off Northern Ireland. The upcoming tests of Mines
On the 19th of October 2012 ITW Densit finalized its part in the famous London Array project. For almost two years, ITW Densit has been working on both offshore and onshore grouting within the London Array project. This included offshore and onshore grouting of 175 wind turbines and the two offshore
TenneT Offshore GmbH has announced tender invitation for supply of subsea cables. The project includes manufacturing, supply and installation of AC submarine cables, including fibre optics, in the region of the cluster SylWin designed for a transmission capacity of up to 300 MW per wind farm and a p
Scotrenewables Tidal Power Limited, founded and based in Stromness, was this week awarded an ‘Agreement for Lease’ from the Crown Estate for a commercial tidal energy demonstrator project to be located at Lashy Sound between the islands of Eday and Sanday in Orkney. The award from Crown Estate, the
ViaLogy PLC announces it has initiated work on a North Sea project for one of the largest geosciences companies. In developed fields such as the North Sea the challenge of locating additional deposits is a well-known impediment to continued economic production. Yet exploitable reserves remain if the
Third quarter 2012 was operationally a very good quarter for the company. The operating margin (EBITDA) was 51 percent in the quarter. – Strong operation is the result of a modern fleet and skilled employees, says CEO Irene W. Basili who focuses on the opportunities this creates: – We have a contrac
Milan (Italy) hosted yesterday a meeting of the South Stream Transport Board of Directors. The Board of Directors which includes representatives from Gazprom, Eni, EDF and BASF discussed the key issues of the South Stream project and adopted the final investment decision for the offshore gas pipelin
SBM Offshore announces consolidated revenues up almost 13% for the nine months to 30 September 2012. Since the start of the third quarter, the Company secured financing for two large scale FPSOs for a total of over US$ 1.5 billion. The Company is also pleased to announce the sale of GustoMSC, a non-
Subsea 7 S.A. today announced the award of a subsea, umbilical, riser and flowline (SURF) contract valued at approximately $800 million from Total E&P Norge AS for the development of the gas field Martin Linge, located 180 km west of Bergen in the North Sea. The contract comprises engineering, procu
Dolphin Group ASA, an asset light supplier of marine geophysical services, announced third quarter 2012 results with revenues of USD 61.2 million, compared to USD 43.0 million in Q3 2011. Highlights for the quarter are following: – EBITDA of USD 28.9 million (47,2%), improved from USD 9.1 million in
The National Renewable Energy Centre, Narec, has completed the installation of an offshore research and anemometry platform, three nautical miles off the coast of Blyth, Northumberland, next to the nearest shore array of the proposed 100MW capacity Blyth Offshore Wind Demonstration Site. The platfor
Shell today signed an agreement for the acquisition of Murphy Schiehallion Limited 5.9% stake in the Schiehallion field located in blocks 204 and 205, approximately 175 kilometres west of the Shetland Islands. The additional equity in the Schiehallion field brings Shell’s stake to 55% and offers She
Geospace Technologies Corporation has received and signed a Letter of Award from Statoil awarding Geospace Engineering Resources International the contract to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The
