Subsea
Technip Takes Profit Dive
French oil services provider, Technip, has recorded net income drop of 40% in the fourth quarter after adjusted non-current items, despite revenue growth. The Company’s adjusted net income fell to 80.1 million euros from 134.5 million euros for the same period in 2013. However, underlying net income
Perth Project Exports Electricity into WA Grid
Wave energy developer Carnegie Wave Energy announced that the Perth Wave Energy Project was formally opened today by the Federal Minister for Industry and Science, the Hon Ian Macfarlane, and is now exporting electricity into the WA power grid. The Perth Project was officially “switched-on” by Feder
UK: Funds Granted for Marine Robots Development
A competition to improve ocean research methods has awarded £250,000 to innovators looking to develop robot technology. Five proposals have each been awarded £50,000 to develop an integrated system for the National Oceanography Centre that will coordinate a suite of autonomous systems, such as a fle
Royal IHC, Tompkins UK to Launch TI Geosciences
Royal IHC (IHC) has joined forces with Tompkins UK – the parent company of Modus Seabed Intervention – to enter the deep and ultra-deep water, oil and gas geotechnical survey and site investigation market under the banner of TI Geosciences. Tompkins’ extensive experience and track record in offshore
NOAA: Warm Temperatures of Ocean Could Lead to Coral Bleaching
NOAA scientists are warning that warm ocean temperatures in the tropical Pacific and Indian Oceans could set the stage for major coral bleaching events across the globe in 2015. Their warnings follow severe bleaching in 2014, and come with the release of the most recent outlook from NOAA’s Coral Ree
NOC Develops New Seafloor Mapping Method
Researchers at the National Oceanography Centre (NOC) have developed a new, automated method for classifying hundreds of kilometres of the deep sea floor, in a way that is more cost efficient, quicker and more objective than previously possible. Currently there is very little information about the g
MacKellar Sub-Sea Calls in Administrators
Subsea engineering and fabrication business, MacKellar Sub-sea Ltd, has reportedly gone into administration putting almost 100 jobs at risk. The company, based in Grantown-on-Spey, employs 97 full and part-time staff of which 86 are employed at the main facility. MacKellar has fallen victim to finan
STATS Group Strengthens Management Team
Pipeline engineering specialist STATS Group has strengthened its management team with the appointment of two directors who will oversee the company’s design engineering functions. Bill Herron takes on the role of Group Technical Director and will be responsible for STATS’ product development, standa
Eidesvik Receives Viking Neptun
Eidesvik Offshore has today taken delivery of the Offshore Construction Vessel Viking Neptun from Kleven Verft AS. According to the company, TBN Viking Neptun represents the largest investment Eidesvik has done in the subsea segment. Eidesvik has taken a long-term loan of MUSD 124 with Nordea and Ek
SMD to Deliver QT1000 to KT Submarine
SMD announced a contract award with KT Submarine for a QT1000 high powered cable installation and maintenance ROV. The 2000m rated ROV embraces the latest technologies in jet trenching and ROV design with 1000hp of total installed power and 940hp of variable jetting power. The QT1000 is capable of t
SCHOTTEL Presents New Hydrokinetic Turbines
After successfully testing in Strangford Lough, Northern Ireland, SCHOTTEL HYDRO has launched its new hydrokinetic turbines. The company believes that the new SIT SCHOTTEL Instream Turbine allows the harvesting of hydrokinetic energy for commercial projects at a reasonable cost. SIT features passive
Reach Subsea Nets NOK 24.8 Mln in 2014
Oslo-listed subsea operator, Reach Subsea, generated revenue for the fourth quarter 4Q2014 of NOK 84.3 million, compared with NOK 24 million for the 4Q2013. The increase in turnover compared to the last year’s fourth quarter was due to the increased activity as reflected by having four vessels in op
Fugro Presents SAGE Profile 3.0 Software at OPT 2015
SAGE Profile, the subsea pipeline analysis software developed by Fugro GeoConsulting, will be much in evidence at the end of this month during OPT 2015 – Offshore Pipeline Technology Conference (Amsterdam, 25-26 February), and at the preceding seminar on Pipeline Global Buckling Design (24 February)
Wood Group Sees Higher Profits
Aberdeen-based Wood Group has recorded a profit rise led by performance in Wood Group PSN Production Services. Wood Group PSN’s Production Services activities delivered strong growth, with revenue up 16.0% and EBITA up 30.4%. This increase is primarily attributable to performance in the Americas, le