Subsea
Ecosse Subsea Eyes New Carousel Orders
Ecosse Subsea Systems (ESS) has designed, built and delivered a 700Te carousel to an international infrastructure group. The 700Te carousel designed with the capacity to be upgraded to 1700Te will be used for the storage of cables required for UK offshore wind farm projects. The design and project m
Acta Marine CSV-120 On Track for Q1 2018 Delivery
Acta Marine’s newbuild Ulstein SX195 walk to work vessel’s hull construction passed the halfway mark this week at Crist shipyard in Poland. The company ordered the 120 PoB walk to work construction support vessel in January of this year and intends to use the vessel in addition to its existing CSV A
TechnipFMC Reports Q2 EPS at $0.35
TechnipFMC has reported second-quarter 2017 net income of $146.9 million and diluted earnings per share of $0.35. Excluding charges and credits, adjusted diluted earnings per share were $0.45. Total company operating profit was $439.6 million, with adjusted EBITDA at $501.3 million. Revenues for the
Oceaneering Posts Fall in Profits
Subsea engineering specialist Oceaneering has reported profit of $2.1 million, or 2 cents per share, on revenue of $515 million for the three months ended June 30, 2017. During the corresponding period in 2016, the company reported net income of $22.3 million, or $0.23 per share, on revenue of $625.
Bourbon Sets Up FLOATGEN Mooring System
Bourbon has completed the mooring installation of the first floating wind turbine in France for Ecole Centrale de Nantes (ECN) as part of the European project FLOATGEN at the SEM-REV experimental test site, off Le Croisic. FLOATGEN is a wind turbine with concrete float designed by Ideol and currentl
SMST Subsea Cranes for Vroon’s Newbuilds
SMST has delivered its 50t subsea knuckle boom crane with active heave compensation to Vroon for its newbuild vessel VOS Start. This crane for VOS Start and the identical crane for sister vessel VOS Stone are the fifth and sixth offshore cranes SMST delivers to Vroon. The 80m VOS Start arrived at Da
Jan De Nul Starts Borkum Riffgrund 2 Scour Protection Job
Jan De Nul’s fall pipe vessel Simon Stevin has arrived at the Visnes Eklogitt quarry in Norway to load and transport the first batch of 32,000 tonnes of rock to the Borkum Riffgrund 2 offshore wind farm, where it will install scour protection layers onto the seabed for the 36 wind turbine foundation
TechnipFMC Reveals Mistake in Q1 Figures
TechnipFMC has informed that is financial statements for the three months ended March 31, 2017 should no longer be relied upon because of material errors in such financial statements. The quarterly adjustment was released just two days before TechnipFMC should report figures for the second quarter 2
Subsea 7 Sees Earnings Grow
Oslo-listed Subsea 7 has booked higher profit for the quarter ended June 30, 2017 as revenues increased on boosted activity in the renewables sector and progress on its SURF projects. The subsea engineering and construction specialist posted quarterly profit of $146 million, or $43 cents per share,
GeoSea to Deploy Seatools Anode Cage Setup Tool at Hohe See OWF
GeoSea has recently awarded subsea technology company Seatools a contract for the design and delivery of an anode cage installation tool. The tool will be used for an automated anode cage installation operations, part of the construction of the Hohe See offshore wind farm. The anode cage installatio
SubseaPartner Gets New Boss
Norwegian diving specialist SubseaPartner has expanded its team with the appointment of Tore Hafte Staalesen as the company’s new managing director. Staalesen began his role on July 17. He joins from DOF Subsea after serving as business acquisition/project manager. He also previously worked as proje
Mitsubishi and HICL Win Burbo Bank Extension Transmission Deal
Ofgem has appointed Diamond Transmission Partners (DTP) as the preferred bidder to own and operate the offshore transmission link to the Burbo Bank Extension wind farm for the next 20 years. This completes the procurement process of Tender Round 4 of the offshore transmission owner (OFTO) regime. DT
Red Ink for Saipem
Italian oilfield services player has reported net loss of €110 million for the first six months ended June 30, 2017, against profit of €53 million in the first half of 2016. Adjusted net profit was €92 million, versus €140 million in 1H 2016. For the second quarter 2017 net loss was €157 million, co
JFMS Delivers Another Construction Campaign at MeyGen
James Fisher Marine Services (JFMS), part of the global marine services company James Fisher and Sons, has redeployed two Andritz turbines at MeyGen 1A tidal array in Scotland’s Pentland Firth. The reinstallation was completed, with the offshore works for both turbine installations and connection to