Subsea
Wello Strikes Wave Energy Deal in China
The Finnish wave energy technology provider Wello has signed a contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide, the company said. The
EMGS Narrows Losses
Norwegian geophysical services company EMGS posted loss for the fourth-quarter 2017 of $5.9 million, improving from $15.1 million loss in the same period last year. The Oslo-listed company generated revenues of $11.3 million in the quarter ended December 31, 2017, down from $12 million in the corres
Ocean Installer Scores First Job in Mauritania
Ocean Installer will assist BW Offshore in decommissioning the Berge Helene FPSO on the Chinguetti field, 80 kilometers west of Mauritania, following Petronas implementation of its demobilization plan. The project will be executed on a fast track, with offshore operations commencing as soon as March
Nautilus Gets Additional Bridge Loans
Nautilus Minerals continues to arrange bridge loans from Deep Sea Mining Finance. The bridge loans are expected to form part of a larger secured structured credit facility of up to US$34 million to be provided by the lender to the company. Mike Johnston, Nautilus’ CEO, said: “We are very pleased wit
Eni Makes Calypso 1 Gas Find Off Cyprus
Eni has made a lean gas discovery in Block 6 offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent r
Xodus to Size Up Scottish Subsea Power
Xodus Group is undertaking an international study on behalf of Scottish Enterprise to determine competitiveness and innovation in the Scottish subsea market and benchmark capabilities with regions across the world. Over the next 12 months, the findings should help shape a range of projects and activ
Mermaid Adds Subsea COO
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has appointed Mark Midgley as chief operating officer. Following this appointment, Mermaid will hereafter have two chief operating officers each reporting directly to the chief executive officer. Dr. V
Phoenix Executes Subsea Campaign in Gulf of Mexico
Phoenix has recently completed an abandonment campaign in the Gulf of Mexico utilizing its atmospheric diving system (ADS) Hardsuit and a surface supplied air diving spread mobilized onboard a vessel of opportunity. The project was executed in two phases. In Phase 1 of the project, Phoenix cut, plug
Researchers Test Scour Effects on Offshore Substation Jackets
New research being carried out by the University of Rostock and HR Wallingford is assessing the development of scour around substation jacket foundations to provide new insights for the University of Rostock in research funded by the German government. As the hub of an offshore wind farm’s energy ex
Bourbon 2017 Revenue Drops 22 Pct
Bourbon has seen its revenue decline some 19 percent year-on-year for the quarter ended December 31, 2017, and some 22 percent for the full-year 2017. The French vessel owner and offshore services provider generated a total of €181.6 million in fourth-quarter 2017 revenue. Adjusted Q4 revenue was €1
Petrobras Signs Up Aker Solutions Services in Brazil
Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.5 million) and includes an option for a one-year extension. The order cove
3D at Depth Delivers 300 Offshore LiDAR Metrologies
3D at Depth said it has completed its 300th subsea LiDAR spool metrology. The subsea LiDAR measurement, conducted offshore within the Mediterranean Sea, covered 8 long spool metrologies with lengths greater than 90 meters and was completed in 24 hours. According tot the company, the project delivere
AgileTek Expands Team
Subsea engineering analysis consultancy, AgileTek, has made two new appointments and a key promotion. Soo-hyeong Kim has joined the company as a graduate engineering analyst, alongside Andrew Olson, who has taken on the role of business development engineer. The company is also building on recent su
WATCH: Aubin Demos New System for Subsea Lifting
Aubin has released footage from a successful trial of its Underwater Lifting System (ULS) recently conducted at Aberdeen University’s OceanLab facility. Aubin has been engaged with the university in a two-year knowledge transfer partnership (KTP) funded by Innovate UK. The ULS is designed to allow R