Subsea
NOAA Backs Aquaculture Research with $9.3M Funding
NOAA has recently announced 32 research grants totaling $9.3 million for projects around the U.S. to further develop the nation’s marine and coastal aquaculture industry. “This country, with its abundant coastline, should not have to import billions of pounds of seafood each year,” said secretary of
Aquaterra Welcomes New Financial Director
Aquaterra Energy, offshore engineering solutions provider, has appointed Nick Hawkes as its new financial director as the company gears up for service expansion. Based at the company’s headquarters in Norwich, Hawkes will be responsible for providing financial leadership and support to the business.
Oceanteam Suspends KPMG
Offshore service provider Oceanteam said it has suspended KPMG’s services as its auditor in Norway. According to the company, the decision was made based on Oceanteam’s investigative findings regarding audit costs that were charged for work not performed. The investigation by an independent consulta
Deep Down Swings to Loss
Deep Down, an oilfield services company, has reported a net loss of $0.7 million, or ($0.05) loss per diluted share in the third quarter of 2017, compared to net income of $1.0 million, or $0.06 per diluted share same time last year. Revenues for the quarter ended September 30, 2017 were $3.5 millio
Colombo Hires MAATS for Kokusai Cable Ship Carousel
Marine engineering company MAATS Tech has signed a contract with Colombo Dockyard to design and install a 2000te carousel on a newbuild vessel for Japanese cable installer Kokusai Cable Ship (KCS). The vessel of VARD 9 01 design is tailor-made for installation and repair of subsea telecom cables. Th
Australian Govt Funds Search for WWI HMAS AE1 Submarine
Australian Government informed that it would match private investment to fund an expedition to search for the missing WWI submarine HMAS AE1. HMAS AE1 was lost without a trace on September 14, 1914, while patrolling waters off then German New Guinea, with the cause of the disappearance still unknown
Mermaid Slips into Red
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $2.1 million for the three-month period ended September 30, 2017. This result compares with quarterly profit of some $7.5 million in the corresponding period in 2016. The Singa
Sonardyne Upgrades Indian Tsunami Detection Network
Sonardyne International has provided a major refurbishment of a network of deep water acoustic sensors which for the past decade have provided coastal communities around India with early detection of tsunami waves. Deployed at key locations in the Bay of Bengal and Arabian Sea, the Sonardyne bottom
Eidesvik Back in Black
Norwegian vessel owner Eidesvik Offshore has posted quarterly profit of NOK 29 million (approximately $3.5 million) or NOK 0.98 per share, against loss of NOK 148 million (approximately $18 million) or NOK 4.90 per share for the quarter that ended on September 30, 2016. Result for the first nine mon
Spectrum in Austral Malvinas 2D Shoot Offshore Argentina
Spectrum has started a multi-client 2D seismic survey covering the Austral and Malvinas basins offshore southern Argentina through the authorization of the Ministry of Energy and Minerals. The expected survey size is around 14,500 km but may vary based on input from the participating clients, the co
Seaway Heavy Lifting Gears for Another Beatrice Jacket Setup Campaign
The second part of the foundation installation campaign at the Beatrice offshore wind farm site will start with the return of the Seaway Heavy Lifting’s largest vessel, Oleg Strashnov, and its associated support vessels. The vessel is scheduled to carry out the installation works for approximately o
UK Ship Register Signs ASV’s Unmanned Vessel to the Flag
The UK Ship Register has signed its first unmanned vessel to the flag, the ASV’s C-Worker 7. The C-Worker 7 will be used for work such as subsea positioning, surveying and environmental monitoring. It can be used under direct control, semi-manned or completely unmanned. Doug Barrow, director UK Ship
Horizon Geosciences Gets New Project Manager
Horizon Geosciences has appointed Ross Compton as the company’s new project manager. Compton has an MSc in Applied Marine Science, a PhD in Marine Studies and 12 years’ experience in the offshore industry having joined WGP Seismic in 2005. He joins Horizon from RPS where he was most recently respons
Intertek Teams Up with Universities for Tidal Power Study
Intertek has teamed up with Cardiff University, the University of South Wales and the University of Edinburgh to conduct a study focused on the implications of misaligned flow on tidal turbines. The study, to be published in Renewable Energy journal, will provide vital information to tidal turbine d