Subsea
Polarcus swings to loss on major revenue drop
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
TGS drops to quarterly loss
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
Aker Solutions sees profit rise despite lower revenues
Aker Solutions boosted its profit in the third quarter of 2020 despite lower revenues as oil and gas operators reduced their activity levels.
Oceaneering names renewables BD director
Subsea services company Oceaneering has appointed Ben Hooker as director of business development – Renewables. Hooker is accounting and finance manager with sales and business development background within the upstream oil and gas; defense, marine and renewable energy sectors. He most recently serve
Stinger partners with Houston Mechatronics
Norwegian subsea solutions provider Stinger and Houston Mechatronics Inc. (HMI) have entered into a collaboration agreement. Stinger said it aims to become the go-to provider of light weight, smart and fast deployable underwater drones for resident applications with semi-autonomous and autonomous ch
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Trelleborg cable protection for 1.5 GW Dutch offshore wind farm
Trelleborg has secured a contract by Seaway 7 to provide its NjordGuard cable protection for Vattenfall’s Hollandse Kust Zuid offshore wind project in the Netherlands. The company will provide 281 NjordGuard cable protection systems for the inter-array power cables for 140 turbines, as well as the a
Global Offshore sets up cable carousel at Port of Blyth
Aberdeen-based cable installation, repair and trenching player Global Offshore has installed a 2,000-tonne capacity power cable carousel at Port of Blyth’s Battleship Wharf terminal. The cable carousel, provided by Swan Hunter, should offer the company with increased operational flexibility, local c
Wintershall Dea in last phase of Nova project as drilling operations start
Oil and gas company Wintershall Dea has started drilling the first of six wells on the operated Nova field in the Norwegian North Sea.
SSEN needs to set up new power link for Lewis and Harris
Scottish and Southern Electricity Networks (SSEN) Distribution will be replacing the 33,000-volt subsea electricity distribution cable connecting Lewis and Harris island to the Scottish mainland following a recent fault. On 16 October SSEN received an alert to a fault on its network which temporaril
Germans award hydrographic support contract for offshore wind farms
Germany’s Federal Maritime and Hydrographic Agency (BSH) has awarded Geo Group with a contract for hydrographic support for offshore wind projects in Germany. Geo Ingenieurservice Nord-Ost will provide hydrographic support for pre-exploration of the ground for offshore wind projects in the German Ex
Technical challenges with collection of subsea minerals for use in EV batteries can be overcome
Front-end engineering design study paves the way for development of new subsea mining riser system, ensuring feasibility, safety, and operational performance at ultra-deep water depths. Electric Vehicle battery demand set to grow Energy companies around the world have increasingly adopted strategies
Hydromea launches the most advanced wireless underwater optical modem
Swiss-based autonomous underwater robotics solutions company Hydromea is launching its new patent-pending subsea wireless communication modem LUMA X. The LUMA X can beam data using light at up to 10 Mbit/s with a 120 degree cone. With that, the LUMA X enables real-time streaming of HD-quality video
Gasunie rolls out Porthos CO2 offshore pipeline setup tender
Dutch natural gas infrastructure and transportation company Gasunie is seeking a contactor for CO2 offshore pipeline installation from Port of Rotterdam to the riser of the offshore platform as part of the Porthos CCS project. The Porthos project centres on the capture and storage of CO2 in the Nort