Ocean Power Technologies (OPT) has recorded around 13 per cent increase in net loss for the first quarter of fiscal 2021 as compared to the same period last year. The Q1 of FY21 net loss was $3.4 million, against $3 million in the prior-year comparable period. According to OPT, the loss was specific
Seanamic Group company Flexlife, has secured a contract from a ‘leading’ South American operator for the scanning of flexible risers. The contract, in partnership with Houston based ROV major Oceaneering, covers the scanning of all deepwater, uninsulated flexible pipelines. It is part of a larger in
Veripos, part of Hexagon’s Positioning Intelligence Division has introduced SPAN GNSS+INS technology into the offshore oil and gas marine market. The technology comes from NovAtel, also part of Hexagon. NovAtel and its SPAN technology accelerated development in GNSS positioning, sensor fusion and in
Norwegian contractor Reach Subsea and P&O Maritime Logistics have agreed on a revised charter agreement for the vessel Topaz Tiamat. Under the new deal, Reach will operate the vessel for the remainder of the 2020 season on pay-as-you-go terms. Consequently, the Oslo-listed subsea player will demobil
Teledyne CARIS, a Teledyne Technologies company, was an integral part of the uncrewed offshore survey mission in the Atlantic Ocean. Teledyne CARIS’ Mira AI and CARIS Onboard software were present on the vessel to enable autonomous survey and real-time processing. The mission’s USV, built by SEA-KIT
REV Ocean has signed agreements with the World Maritime University and the Nippon Foundation-GEBCO Seabed 2030 Project to support the UN Decade of Ocean Science for Sustainable Development. In a virtual signing ceremony, REV Ocean and the World Maritime University (WMU) signed a new agreement that w
Dutch-German offshore grid operator TenneT is seeking underwater survey services for its offshore platforms. TenneT manages the operations of the German and Dutch high voltage cable connections from land to the offshore wind farms, the so-called grid connection systems. The contract covers the under
Subsea tech firm Applied Acoustic Engineering (AAE) has launched their next generation USBL system – Pyxis USBL. The Pyxis USBL combines AAE’s Sigma 2 acoustic protocols and SBG Systems high precision Navsight Apogee Marine INS. Specifically, it results in AAE’s most accurate and long range position
Transmission system operator TenneT has issued a contract notice for geophysical and geotechnical surveys of its existing and future offshore power cable routes. The contract covers the existing power cable routes off the Netherlands and Germany, as well as the future cable routes within German wate
Fugro has successfully trialled a major upgrade to its LADS airborne lidar bathymetry (ALB) system. Fugro’s laser laboratory in Adelaide, Australia has developed the enhanced LADS HD+ technology. The hydrographic mapping system accurately measures water depth over both the marine and coastal zone en
Spanish grid operator Red Electrica and its Moroccan counterpart ONEE have completed the works to seal the leak in the reserve cable of the link between Spain and Morocco. The leak incident took place in Moroccan waters 21.6 kilometres off Spain at a depth of 208 metres. The companies advised the Sp
Ireland’s Electricity Supply Board (ESB) has invited applications for its Offshore Geophysical Surveys Qualification System. Through this procedure, ESB plans to procure the scope of services pertaining to the offshore geophysical surveys for the development of its offshore wind farm projects in Ire
Offshore surveyor EGS will conduct a marine route survey for a proposed new submarine communications cable between Ireland and Iceland. In 2019, the Telecommunication Fund of Iceland and Farice ehf, the operator of two submarine cables to Iceland, signed a DTS work agreement. The deal involved selec
Bokalift 1 has been deployed on the Saint-Brieuc offshore wind project in France, where drilling tests are now taking place and will continue throughout September. Ailes Marines, the developer of the 496 MW offshore wind farm, said via social media that the vessel was chartered by Van Oord and the d
