International marine engineering company SeaRoc has announced the opening of a further office in Scotland to support the country’s growing offshore wind farm and marine renewables industries. Located in Dundee, the new office opened on November 12th and houses a number of marine engineering experts,
EMGS, the marine EM market leader, recorded revenues of USD 43.2 million in the third quarter of 2012, down from USD 45.5 million in the third quarter of 2011. “Compared to the previous quarters, the third quarter is disappointing financially. However, we are on track to deliver the best-ever annual
Subsea mooring connector (SMC) specialist, First Subsea has invested over £200,000 in new mooring connector test rig facilities at its production site in Lancaster, UK. The test-rig is being used in the manufacture of ‘next generation’ SMCs for industry leading, deepwater mooring projects: the Jack
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
Aker Solutions ASA announces that it has signed a new syndicated multi-currency credit facility of EUR 400 million. The facility is split into a 3-year tranche of EUR 270 million and a 1.5-year tranche of EUR 130 million and will be used for upcoming investments and general corporate purposes. In th
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
BMT Isis, a subsidiary of BMT Group, the international engineering, maritime and risk management consultancy, announced that it has been awarded the title of ‘Business of the Year’ by Bath and North East Somerset Council. The Council’s Chairman’s Community & Business Awards recognises inspirational,
FMC Technologies, Inc. announced today that it has received an order from Statoil for additional subsea equipment for the Tyrihans field. The order has an estimated value of $39 million in revenue. This order covers the supply of two subsea trees and three choke modules. The equipment is scheduled f
The Crown Estate has today confirmed that three organisations have secured rights to progress with the development of tidal energy projects at sites around the UK. The announcement of these three projects signals the continued growth in both interest in the development of marine renewables across th
Sea Fibre Networks Ltd (SFN) has taken legal actions on the Commercial Court against the Minister for the Environment regarding his approval of Emerald Bridge Fibres (EBF) Ltd’s subsea fibre optic telecommunications cable project. According to SFN, the cable that would stretch between Portmarnock, C
CPNL Engineering GmbH, a provider of cable protection equipment, announced that the firm will supply a complete cable protection system for use on the NSO offshore wind project of RWE, a leading utilities company in Germany. RWE is the first company to adopt the cable protection system in a complete
STX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway, announced its results for the third quarter and nine months ended 30 September 2012. STX OSV generated revenue of NOK 2,457 million for 3Q 2012, representing a 27% decrease
Van der Vlist are currently handling and storing a variety of equipment for Smit Salvage, part of the Boskalis Group. Van der Vlist have most recently transported and placed into storage the sawing system that was used to dismantle the Russian nuclear submarine “Kursk” during the 2001 salvage operat
SBM Offshore announces consolidated revenues up almost 13% for the nine months to 30 September 2012. Since the start of the third quarter, the Company secured financing for two large scale FPSOs for a total of over US$ 1.5 billion. The Company is also pleased to announce the sale of GustoMSC, a non-
