Subsea
McDermott Ups Earnings
Houston-based McDermott has reported quarterly profit of $47 million, or $0.33 per diluted share, compared to $36 million, or $0.38 per diluted share in the second quarter of 2017. Adjusted net income for the second quarter was $59 million, with adjusted diluted earnings per share of $0.29. The comp
McDermott Bags Ayatsil Deal from PEMEX
McDermott has secured a sizeable contract award by PEMEX for subsea pipeline flowline installation in support of its Ayatsil field, located 50 miles northwest of Ciudad del Carmen in the Bay of Campeche offshore Mexico. According to McDermott, the sizeable contract has a value between USD 1 million
KW Designed Pressure Testing Bays for Eaton MEDC
KW Designed Solutions has recently been awarded a project by Eaton’s MEDC for the supply of two pressure testing bays. KW Designed Solutions has been asked to produce two high volume, highly autonomous and visually impactful pressure testing rigs that will allow Eaton’s MEDC products to meet their c
New Sales Engineer Joins Motive Offshore
Motive Offshore has welcomed Will McLennan to the company’s sales team as the sales engineer. In his new role Will’s focus will be on expanding sales across the UK, promoting the Motive brand and supporting its global customer base. “Will’s wealth of expertise and industry knowledge is a very welcom
Global Marine Group Names Three New Board Members
Global Marine Systems Limited (GMSL) trading as the Global Marine Group (GMG) has appointed Ian Bryan, managing director of Group Operations, Mike Daniel, managing director of Global Offshore and Mark Preece, managing director of CWind to its board of directors effective July 2, 2018. These appointm
Seanamic Names New CEO
Seanamic Group has appointed David Hutchinson as its new CEO. Hutchinson joins Seanamic from Aker Solutions, where he led their Asia-Pacific region for five years and was latterly responsible for subsea business development in Europe and Africa. In his new role, David will work across all four Group
Carnegie Forms Wave Energy Pact with Enel Green Power
Carnegie Clean Energy has signed of a collaboration agreement with renewables player Enel Green Power (EGP) which will see EGP invest €1 million (AU$1.6 million) in the research, development and deployment of the CETO wave energy technology. EGP will also become a technical advisory committee member
Quadrant Energy Job for IKM Testing Australia
IKM Testing Australia has been awarded a contract by Quadrant Energy to provide engineering, subsea pigging and flushing services on their East Spar Field. The scope of work initially will begin with onshore pigging trials at IKM’s Perth facility. Once completed, works will follow on with purging, h
SEA Nets Woodside’s Scarborough Deal
Subsea Engineering Associates (SEA) has secured a contract from Woodside Energy for Define Phase engineering services for the Scarborough development export trunkline. The contract will enable SEA to utilize its ICE Platform, and enable rapid delivery of engineering and a mature digital basis of des
Forum Narrows Quarterly Loss
Forum Energy Technologies recorded loss in the second-quarter 2018 of $15 million, or 14 cents per diluted share, compared to net loss of $78 million, or 81 cents per diluted share, for the prior-year comparable period. Sequentially, Forum slipped into red from profit of 25 cents per share. The Q2 2
TenneT Sees Borssele Jacket Ready and Set for Setup
The 55 meters high jacket for TenneT’s first offshore platform in the Borssele wind farm zone has been completed. The load-out of the jacket at the HSM Offshore shipyard in Schiedam is the first milestone for TenneT in the realization of the Borssele Offshore Wind Farm Zone project. During the load-
INPEX Begins Gas Production from Ichthys Project
INPEX has started production of gas at its Ichthys LNG project, marking the start of approximately 40 years of operations of this large-scale LNG development. The produced gas will be gathered within the Central Processing Facility, Ichthys Explorer, where it will be separated into gases and liquids
Nord Stream Resumes Gas Flows After Annual Maintenance
All planned maintenance works on the Nord Stream twin gas pipelines have been concluded within the scheduled time frame. Gas transmission resumed today and the full capacity of both pipelines is now available again, Nord Stream AG informed. Nord Stream AG’s maintenance director, Olivier Escola, said
Kvaerner Delivers Third Jacket for Johan Sverdrup Field
Kvaerner has delivered the third jacket for Johan Sverdrup Phase 1 development in the North Sea. Through the frame agreement entered into in 2014, and in international competition, Kvaerner was awarded the three largest substructures out of four for the first phase of the project. The first delivery