Subsea
Saildrone USV Crosses Atlantic Ocean East-To-West
After setting the record for the fastest unmanned Atlantic crossing, Saildrone USV SD 1021 has completed the return journey, not only beating its own record time but also becoming the first autonomous vehicle to transit in both directions across the Atlantic Ocean. In August 2019, a Saildrone unmann
Well-SENSE FLI Tech Delivers First Offshore Projects
Downhole sensing technology specialist Well-SENSE has completed multiple offshore FiberLine Intervention (FLI) projects, worth a six-figure sum, for a range of international E&P companies. The projects have included Distributed Temperature Sensing (DTS) surveys for flow profiling on two unmanned gas
EMGS Bags USD 8 Million Deal
Electromagnetic Geoservices (EMGS) has received a USD 8 million multi-client contract from an undisclosed customer. Under the contract, the customer will license certain data from the EMGS’ existing EM multi-client library in Norway and settle future potential uplift obligations towards the company
DNV GL Boosts Ocean Space Research Activities
DNV GL is strengthening its commitment to exploring new ocean opportunities by dedicating extra resources to its ocean space research programme. The programme works with stakeholders from business, government and academia to create best practices and standards. It also seeks a collaborative approach
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 21 – October 28). https://subseaworldnews.com/2019/10/21/mcdermott-secures-1-7b-funding/ https://subseaworldnews.com/2019/10/21/neptune-shareholders-approve-acquisition-by-mma-offshore/ https:
EIB Launches Blue SOS
European Investment Bank (EIB) has launched the Blue Sustainable Ocean Strategy (Blue SOS) to improve the health of oceans, build stronger and more resilient coastal environments and enhance the sustainability of ocean-related activities. The EIB, as the EU Bank, commits to more than double its lend
Balmoral Hosts Allspeeds New Decom Tool Trials
Allspeeds has recently tested its new cutting and sealing tool for the decommissioning sector at Balmoral Subsea Test Centre’s submersion tanks. Accrington-based Allspeeds, the sole manufacturer of ‘Webtool’ hydraulic ROV cutters and systems, was awarded a contract by Chevron USA to develop an envir
Forum Books $533M Loss
Forum Energy Technologies has recorded loss in the third-quarter 2019 of $533 million, or $4.83 per diluted share, compared to loss of $3 million, or $3 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $12 cents per diluted share, with revenue
Nortek Gears for Growth with New CEO
Norwegian acoustic doppler technology developer Nortek has appointed Finn Ivar Marum as its new CEO. After over two decades at the helm of Nortek, Atle Lohrmann is taking on new challenges at newly started Hefring Engineering in Boston. Lohrmann will continue as Nortek’s chairman of the board. “I am
C-Kore Gets Queen’s Award for Enterprise
C-Kore has been honored with The Queen’s Awards for Enterprise, in the Innovation category. The formal Queen’s Award presentation took place at C-Kore’s offices near York, during the visit of two Deputy Lord Lieutenants of North Yorkshire, David Kerfoot MBE DL and Trevor Watson JP DL. Reading the ci
RINA Classes Prysmian’s New Cable Layer
Prysmian Group’ new cable laying vessel, Leonardo Da Vinci, is set to get new battery power class notation developed by RINA. The vessel will be added to the group’s cable laying fleet in the second quarter of 2021. The new vessel is being built by Vard, a Fincantieri company, at one of its shipyard
Saipem Back in Black
Italian oilfield services player Saipem has reported third-quarter 2019 profit of €30 million on revenues of €2.23 billion. This result compares to net loss of €34 million on revenues of €2.26 billion in the prior-year comparable period. Adjusted result was net profit of €31 million, against €11 mil
EvoLogics Intros Bionic AUV
Berlin-based EvoLogics has introduced “Poggy” – a new bionic autonomous underwater vehicle (AUV) that uses Fin-Ray technology. The vehicle is being developed as part of BONUS SEAMOUNT collaborative R&D project and made its first dives at Breaking The Surface 2019 workshop in early October 2019. Nick
TechnipFMC Sees Profit Fall Despite Revenue Increase
TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense,