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
McDermott International has secured a fabrication subcontract, worth between USD 1 million and USD 50 million, for the Greater Tortue Ahmeyim natural gas project. The scope of work for fabrication of the SPS includes: project management, fabrication engineering, procurement, pre-assembly, fabricatio
DOF Subsea has secured two contracts totaling more than 160 vessel days for Skandi Seven and Skandi Skansen in Africa. Skandi Seven has started operations for a repeat international energy company in Angola, delivering integrated FSV services, project management and engineering. DOF Subsea will duri
The EU-funded ODYSSEA Project will launch North Africa’s first fully operational sea observatory in Morocco’s Al-Hoceima National Park. ODYSSEA is in advanced stages of developing, operating and demonstrating an interoperable and cost-effective platform that fully integrates networks of observing an
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
PLDT has finalized the technical and management agreements with a consortium of international providers to further increase its capacity and resiliency of its direct undersea fiber links to the United States and Japan through the trans-Pacific cable system called ‘JUPITER’. Spanning 14,000 kilometer
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,
Polarcus has received a contract for an XArray marine seismic acquisition project in Australia. The contract will have an approximate duration of one month. The project will start in Q1 2020 immediately following completion of the XArray project in Australia, announced on October 17, 2019. The compa
First Subsea has secured a contract with Spanish developer and construction company Cobra Group to provide cable protection systems (CPS) for Kincardine offshore wind farm. The company will supply eleven cable protection systems to the 50 MW floating offshore wind farm project 15 kilometers south of
Energy regulator for Great Britain Ofgem said it is unable to approve a proposal by Scottish and Southern Energy Networks (SSEN) to build a 600MW subsea electricity transmission link from Shetland to mainland Scotland. For Shetland, the cable would connect planned wind farm projects on Shetland with
UK-based engineering firm Sonardyne is supporting a new laboratory at Newcastle University focused on marine robotics. Housed in the Armstrong Building, the Newcastle University Sonardyne Robotics and Autonomous Systems Student Laboratory contains new equipment and components for building underwater
The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its accelerator programme, TechX, with the announcement of new industry partner – Equinor. The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. To date, 21 companies ha
Aker Solutions said it aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. According to the company, the oil and gas industry will remain its biggest market, but over the next decade Aker Solutions plans to
Trendsetter Engineering has been awarded a contract to provide Talos Energy with an order of TC7 Clamp Connection Systems. Talos plans to use Trendsetter’s TC7 clamp connectors and ancillary equipment on the Bulleit development located in the Gulf of Mexico. The equipment is slated for delivery in 2
