Subsea
Saab Bags Sabertooth AUV/ROV Order
Saab has secured an order for deliveries of the Sabertooth autonomous underwater vehicle/remotely operated vehicle (AUV/ROV) to an unnamed client. Deliveries will take place during 2018, the company informed. With this contract, the customer has ordered the first vehicles in a planned fleet of Saber
McDermott Raises Earnings Expectations
Houston-based McDermott has again increased its full-year 2017 earnings expectations ahead of last year’s final quarter financial report. Guidance for the full-year 2017 has been updated where McDermott said it expects earnings per share between 60 and 63 cents, with revenues at some $3 billion. “Th
Xodus Gets New Environmental Impact Assessment Manager
Xodus Group has appointed Eric Houston as its environmental impact assessment (EIA) manager. Houston joins Xodus from Intertek where he was responsible for the delivery of EIAs and marine consents, primarily in the marine cables sector. He will be based in the company’s Edinburgh office, Xodus noted
MPS Sends WaveSub Prototype on Sea Trials
UK marine technology development company Marine Power Systems (MPS) has launched its wave energy device the WaveSub onto open water, marking the start of a new phase of sea-based testing for the device. The 1:4 scale prototype of the WaveSub wave energy converter was launched in Milford Haven and ha
NKT Completes Cable System Delivery for Nordergründe OWF
NKT has commissioned and handed over the Nordergründe offshore wind transmission link to the Dutch-German transmission system operator TenneT. The Nordergründe wind farm, located in the North Sea off the coast of Germany, is part of Energiewende, the German government’s strategy to increase the shar
EIB Lines Up Funding for Crete Interconnection Project
European Investment Bank (EIB) is evaluating the proposed project concerning the interconnection of the island of Crete with mainland Greece, in the region of Peloponnese. The project, estimated at €375 million, includes two AC 150 kV submarine cables, 150 kV underground and overhead circuits, a com
Polarcus Nets Asia Pacific 4D Shoot
Dubai-based offshore geophysical contractor Polarcus said it has been awarded a contract for a 4D marine seismic acquisition project in the Asia Pacific region. According to the company’s Oslo Stock Exchange filing, the project is set to begin in the first quarter 2018 and shold run for about one mo
VRT to Survey Underwater Structures for Groningen Seaports
Groningen Seaports has hired VRT Finland to conduct inspection of its underwater structures. VRT will conduct the new port inspections at the end of January, covering extensively over 20 kilometers of underwater structures. The structures in Delfzijl and Eemshaven ports will be surveyed with the mul
Subsea Setback for Baker Hughes in Q4
Baker Hughes has recognized ‘post GE Oil & Gas merger’ net loss for the quarter ended December 31, 2017 of $29 million, or 7 cents per share. Sequentially, net loss narrowed from $104 million, or $0.24 per diluted share. Adjusted earnings for the quarter were $65 million, or $0.15 per diluted share,
TE Connectivity Hikes Sales, Posts Q1 Loss on Tax Charge
TE Connectivity has reported net sales of $3.5 billion, with diluted EPS from continuing operations a loss of $0.11 for the fiscal first quarter, which ended December 29, 2017. The loss from continuing operations reflects a one-time charge associated with new U.S. tax regulations, while adjusted EPS
McDermott Scores Saudi Aramco EPCI Deal
McDermott has secured a large contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 13 jackets offshore Saudi Arabia. The jackets will be installed at the Zuluf, Marjan, Berri and Abu Safah fields. According to McDermott, a large contract is between USD
Subsea 7 Lands Johan Castberg Flowlines Job
Subsea 7 has beed awarded of a contract between $50 million and $150 million from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-
Prysmian to Supply Kincardine Floating OWF Cables
Prysmian has been awarded a new contract by Cobra Wind International to provide the cable system to connect the Kincardine floating offshore wind farm to mainland UK. This is Prysmian’s first cable project for a floating offshore wind farm which foresees the design and supply of two export cables as
PSA Inspects Statoil’s Johan Castberg FPSO Design
Petroleum Safety Authority (PSA) Norway has recently carried out an audit of Statoil’s planning of Johan Castberg floating production and offloading vessel (FPSO). The audit covered primarily the design of the facility with a view to cold-climate operations and was restricted to materials handling,