Subsea
OTAQ strikes seabed landers deal with Unique Group
Marine technology firm OTAQ Offshore has won a contract and exclusive supply deal with Unique Group for a number of seabed landers. The Aberdeen-based company will design and build the observation platforms in collaboration with Unique Group. Commonly used to record physical, chemical and biological
CGG commits to green energy in UK
Geoscience company CGG has recently renewed and expanded its contract to power all its operating sites in the UK with renewable energy. CGG is also one of the early adopters of renewable energy sources for its UK operations, making a switch eight years ago. The company has evaluated the green creden
PARC inks DARPA deal to boost ocean knowledge
Xerox company PARC has secured a contract from the Defense Advanced Research Projects Agency (DARPA) for the next development phase in the Ocean of Things, a project to expand what scientists know about the seas. Initially announced by DARPA in 2017, the Ocean of Things project is deploying small, l
Nexans Aurora getting its cable lay equipment
The installation of the MAATS cable lay equipment onboard the cable-laying vessel (CLV) Nexans Aurora has commenced. On 14 October, MAATS and Marine Fabricators installation team arrived at the Ulstein Verft shipyard to begin the installation, which kicked off with the two lay wheels being fitted at
Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
North of Tyne makes £3.5 million available to offshore wind and subsea innovators
The North of Tyne Combined Authority (NTCA) and the Offshore Renewable Energy (ORE) Catapult have launched a new £3.5 million programme for innovations in the offshore wind and subsea sectors. The Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is targeting supply
Shearwater wins new 3D seismic gig
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
NKT repairs Norway-Denmark power link
NKT has repaired the Skagerrak 1 and 2 cable systems between Norway and Denmark. The national power grids between Denmark and Norway connect through four HVDC-links crossing the Skagerrak strait. Combined they have the capability to carry 1,700 MW of energy between the two countries. Following the d
TechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Market diversity boosts Silixa revenue
Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same per
Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
Trelleborg to shield Kaskasi cables
Trelleborg has secured a contract by Seaway 7 to provide its NjordGuard cable protection for the Kaskasi offshore wind project in Germany. Trelleborg will provide 86 integrated cable protection systems to protect the inter-array grid power cables from over-bending, abrasion, and fatigue. Production
Ultrabeam and USS deliver autonomous pipeline survey
UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) recently teamed up to conduct two subsea gas pipeline inspection surveys in Northern Ireland. The contract came from Mutual Energy with aim to gain experience on how unmanned autonomous platforms can increase the knowledge
Green light to Wintershall Dea for Dvalin start-up
Norwegian authorities have issued consent to Wintershall Dea for the start-up of the Dvalin field located in the Norwegian Sea.