Subsea
Subsea 7 Lifts Profits
UK based engineering and construction player Subsea 7 saw profits go up in the third quarter of 2014 on operating income jump, lower costs and lower currency losses. The company scored $206 million in net income, compared with $160 million in the third quarter (Q3) last year. As for the first nine m
DNV-GL Certifies CPNL’s Cable Protection System
CPNL Engineering received a DNV-GL status confirmation for its belmouths, monopile entry system and the regular cable protection system. This system used in 295MW Nordsee Ost offshore wind farm and nine other offshore projects has been reviewed by certification entity DNV-GL, based on the recently o
Prysmian Boosts Its Submarine Cable Production
Prysmian Group has announced new investments worth over € 40 million to upgrade production capabilities in its cable plants in Pikkala, Finland and in Arco Felice, Italy. The factories are already the Group’s centres of excellence for high voltage and submarine cable production. These new investment
Tritech Relocates to New Facility
Tritech International Limited has relocated its design and production operations from Morecambe Road to Oubas Hill, Ulverston. The company has been operating in Ulverston since 1986 and in July 2013 began ground works on a new purpose-built facility. The new facilities will enhance Tritech’s product
Solstad Sees Profit Rise
Solstad Offshore has recorded a higher gain in the third quarter 2014, backed by its AHTS and CSV segments. The company scooped a gain of NOK 253 million ($37.3 million) versus NOK 233 million in the same period of 2013. Revenue climbed from NOK 992 million to NOK 1.13 billion on improved rates and
FoundOcean Inks Strategic Agreement with BASF
FoundOcean, the experts in subsea grouting for the offshore energy construction industry, have signed a strategic agreement with chemicals company BASF. “Marrying BASF’s world leading chemical manufacturing capabilities and FoundOcean’s extensive offshore grouting experience means that foundation in
Vard Swings into Loss
Shipbuilder and designer of offshore and specialised vessels, Vard Holdings, has seen its profit slip into the red, mainly due to operational expenses. Vard reported a net loss of 37 million Norwegian kroner (NOK) for its third quarter ended 30 September this year compared to a net profit of 76 mill
6 Alpha Provides UXO Consultancy for TenneT
6 Alpha Associates has carried out work on three projects under the framework agreement it signed with TenneT, the European grid operator, in January 2014. The work has seen 6 Alpha Associates provide complex survey and risk management consultancy for unexploded ordnance (UXO) risk in the marine env
SeaRoc Names New Head of Marine
SeaRoc Group has appointed Captain Dave Jones as their new Head of Marine. Jones’s role will take responsibility for consultancy services concerning marine aspects of the business, an area where he already has experience with his previous role as Marine Manager, running a team of consultants in Aber
Red7Marine Wraps Up Diving Campaign at London Array
Diving and subsea engineering specialist Red7Marine Offshore has concluded a successful six-month diving campaign at London Array, the world’s largest operating offshore wind farm. Winter weather prevented completion of the work at one of the 175 turbines in the Thames Estuary; the small amount of r
MeyGen Orders Tidal Turbines from Andritz
Andritz Hydro Hammerfest, part of international technology Group ANDRITZ, has received an order from MeyGen Ltd. to supply three 1.5-megawatt tidal current turbines to the planned tidal array in the Inner Sound of the Pentland Firth, Scotland. Tidal current turbines are anchored to the sea bed in co
CIS’ Conductor and Pile Installation for Weatherford
Conductor Installation Services Ltd (CIS), an Acteon company that provides hammer services to install conductors and drive piles, announced that it has entered into a global master services agreement with Weatherford International. The agreement requires CIS to supply conductor and pile installation
BP: World’s First Core Flood Robot (VIDEO)
BP has announced that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR techn
AGR’s Software for Xcite’s Bentley
AGR’s well construction planning software, P1, has been selected by Xcite Energy to support development of the Bentley Field, one of the largest fields in the UKCS. P1 software will play a key role in Xcite’s strategic planning for the field, allowing the oil company to maximise the performance of w