Subsea
OPT Deploys Autonomous PowerBuoy Off New Jersey, USA
Ocean Power Technologies, Inc. (“OPT” or “the Company”) announced the deployment off New Jersey of its innovative autonomous wave energy device, marking an important milestone in the roll-out of the Company’s Autonomous PowerBuoy® (“APB”) product line. This latest deployment, 35 miles off the coast
Harkand Announces Appointment of New CEO
International subsea inspection, repair and maintenance (IRM) group Harkand has announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the offshore en
Fugro Takes Delivery of New Multi-Purpose Coastal Survey Vessel ‘Fugro Helmert’
Fugro’s new offshore survey coastal vessel, R.V. Fugro Helmert, delivered on 6th August 2013 is the latest in Fugro’s fleet renewal programme. Built to Fugro’s specifications for a highly manoeuvrable, versatile survey vessel, Fugro Helmert will enable the group to better respond to the survey needs
Subsea 7 Awards MMA Significant Vessel Contract for Gorgon Project, Australia
The Directors of Mermaid Marine Australia Limited (MMA) announce that MMA has been awarded a significant vessel contract with Subsea 7 to provide tug and barge support for the Heavy Lift & Tie-in Scope on the Chevron-operated Gorgon Project. Utilising a combination of owned and chartered vessels, MM
BSEE Proposes Rule to Further Strengthen Offshore Production Safety
As part of President Obama’s commitment to promoting safe and responsible offshore oil and gas development, Bureau of Safety and Environmental Enforcement (BSEE) Director James Watson announced another key step to strengthen both human safety and environmental protection on the U.S. Outer Continenta
Canada: Nova Scotia Seeks Feedback on Tidal Energy Regulations
The province is asking Nova Scotians for their thoughts on a discussion paper about the approval process for larger-scale tidal devices. This fulfills another commitment of the province’s Marine Renewable Energy Strategy. “The Marine Renewable Energy Strategy outlines how we plan to work together fo
Norway: EMGS Announces Second Quarter and First Half Year 2013 Results
EMGS delivered revenues of USD 44.4 million in the second quarter 2013, up from USD 31.7 million in the previous quarter and down from USD 57.1 million in the corresponding period last year. USD 14.8 million of the revenues came from multi-client sales. The Company had an EBITDA of USD 13.2 million
OceanGate Completes Revolutionary Hull Design for Subsea Manned Submersible
OceanGate Inc., a global provider of manned submersible solutions for research and commercial applications, has announced the completion of the initial carbon fiber hull design and feasibility study for its next generation manned submersible – Cyclops™. Under a contract issued to Boeing Research & T
DOF Subsea Secures Multiple New Contracts in Asia Pacific
The DOF Subsea Group has secured a number of contract awards in the Asia Pacific region with a total value of approximately USD 45 million. The contracts will utilise the vessels Skandi Singapore and Skandi Hawk, as well as project management and engineering services to undertake a range of IRM camp
VARD to Build Offshore Subsea Construction Vessel for Farstad
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”). The value of the
Bumi Armada: Stronger Revenue and Profit Performance for 1H 2013
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad posted a Year to Date revenue of RM970.0 million, EBITDA of RM498.3 million and a net profit of RM221.6 million on the back of increased activities across its business sectors. Compared to the same period a year ago
Farstad Shipping Reports 2Q and 1st Half Year Results
Farstad Shipping announces that it has achieved an operating income of NOK 996.6 million for the 2nd quarter. The operating profit (EBIT) was NOK 205.4 million and the profit after taxes was NOK 4.1 million. The operating income at 30.06.13 was NOK 1,911.4 million. The operating profit (EBIT) was NO
15 Companies Buy NPD’s Barents Sea Seismic Data Package
As of 19 August, 15 oil companies have purchased the Norwegian Petroleum Directorate’s seismic data package from the southeastern part of the Barents Sea and the ocean areas off Jan Mayen. The 15 companies are: Chevron Norge AS, Idemitsu Petroleum Norge AS, Det norske oljeselskap ASA, AS Norske Shel
Vroon, MPI Vessels Work on Northwind OWF Construction, Belgium
As construction of the Northwind offshore wind farm continues, a number of Vroon and MPI vessels are employed on this project. The windfarm, situated off Zeebrugge in Belgium, will consist of more than 70 offshore wind turbines, providing 216 MW, enough power for 120,000 households. MPI Resolution,