Subsea
Minesto Looks to Boost Its Tidal Energy Project Off Wales
Swedish marine energy developer Minesto intends to expand the commercial roll-out of its Deep Green technology in Holyhead Deep, North Wales by taking steps to increase the planned installed capacity of its tidal energy array to 80 MW. The company has submitted a scoping report to UK consenting auth
DOF Subsea Secures Work in Atlantic Region
Norwegian provider of subsea services, DOF Subsea has received a Letter of Award (LoA) for one of its subsea vessels in the Atlantic region. The duration of the contract is over a year and will begin in Q1 2017, DOF informed. The value of the contract, awarded by according to DOF an oil major, has n
Interview: JDR Targets US Offshore Renewables
Subsea World News spoke with David Currie, chief executive officer of JDR Cables – the winner of this year’s Subsea UK Global Exports award. JDR is a provider of subsea technologies and services to both the oil and gas and renewable energy sectors. The company specialises in subsea power cables, pro
Atlantis Partners with NEW on Wyre Tidal Project
Atlantis Resources has signed an agreement to partner with Natural Energy Wire (NEW) to develop the Wyre tidal project. The project is planned to be built between Fleetwood and Knott’s End on the Lancashire coast in England. The Wyre project, which has been under development for several years, compr
Saab Seaeye Upgrades Falcon ROV
Saab Seaeye has enhanced its remotely operated vehicle ‘Falcon’ with its advanced iCON behaviour-based intelligent control architecture. Namely, the Falcon can now host many new features, making it an advanced platform for further automation and behaviour-based software development. A new attribute
Nautilus Completes Subsea Fleet Acquisition and Name Change
Nautilus Marine Services PLC, formerly Global Energy Development, said on Thursday it has completed transactions to acquire subsea service vessels. To remind, earlier this year, the company conditionally agreed to acquire 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a n
EMGS Narrows Losses
Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 million loss in the same period last year. For 2016, the company reported loss of $52.1 million, against loss of $76.7 million in 2015. EMGS generated revenues of $12.0 million in the fo
Innova Chooses Sonardyne Technology for Resident ROVs
Norway-based Innova has selected acoustic and inertial navigation technology from Sonardyne International for two new in-field resident remotely operated vehicles (ROVs). Each ROV will be installed with a co-housed Sonardyne Sprint Inertial Navigation System (INS) and Syrinx Doppler Velocity Log (DV
Veripos Gets Subsea 7 Extension
Veripos has announced a multi-year extension to its existing positioning services contract with Subsea 7. Under the contract Veripos provides positioning services to Subsea 7 for use in both vessel dynamic positioning and survey requirements across its entire global fleet of marine vessels. John Mac
Bourbon Continues Stacking Vessels as Weak Market Stings
Bourbon has posted lower adjusted revenues for the quarter ended December 31, 2016 as utilization and daily rates continue to decline. The company said it had stacked 104 vessels as of end-December last year, with 27 vessels stacked during the 4th quarter in the deepwater offshore segment, and up to
Loss Widens for Aker Solutions
Norwegian oil services company Aker Solutions has reported net loss of NOK 268 million, or NOK 1.07 in the fourth quarter 2016, versus net loss of NOK 250 million, or 0.83 NOK a year earlier. The earnings were negatively impacted by special items of NOK 574 million, of which NOK 130 million is relat
KTH Gets Funding for New Underwater Robots
Researchers at Swedish KTH have received a grant of SEK 100 million to develop new underwater robots. The funding was received through the Swedish Maritime Robotics Centre (SMaRC) from the Swedish Foundation for Strategic Research (SSF). The goal of SMaRC is to be involved in developing of the new r
Sovcomflot Charters Polarcus’ Seismic Vessel
Polarcus’ Norwegian subsidiary has entered into a heads of agreement with SCF Geo (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March, 2017. The fixed period of the charter will be 5 1/2 years with options to extend for up to four additional months, Polarcus informed
R. Scott Rowe Joins Flowserve as President and CEO
Flowserve has appointed R. Scott Rowe as its new president and chief executive officer, effective April 1, 2017. Rowe will also join the Flowserve board of directors. He succeeds Mark Blinn, who previously announced his intention to retire and will step down from the Flowserve board, effective March