Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
Danish investment entity Innovation Fund Denmark has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the first commercial order for an
MSC Seashore, a yet-to-be-delivered cruise ship owned by Switzerland-based cruise line MSC Cruises, will become the first vessel to feature Fincantieri’s next-generation air sanitation technology.
The DEVELOP Competition, as part of the Ocean Observing Prize, has put $2.4 million up for grabs for problem solvers looking to develop technologies that integrate marine renewable energy into underwater vehicle systems that can help monitor hurricane formation.
Subsea technology firm MacArtney has completed its order of a launch and recovery (LARS) system for end-user Taiwan National University, marking the fifth ocean research vessel (ORV) in the Asia Pacific region to date. MacArtney Asia Pacific has provided the full LARS solution for the new vessel R/V
UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) recently teamed up to conduct two subsea gas pipeline inspection surveys in Northern Ireland. The contract came from Mutual Energy with aim to gain experience on how unmanned autonomous platforms can increase the knowledge
South Korean shipping and marine supplier Tas Global Co., Ltd and water software development firm DHI Water and Environment have joined the Global Industry Alliance (GIA) for Marine Biosafety, an initiative launched in June 2020 by the IMO GloFouling Partnerships project. The initiative works to pro
The U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) has announced the 17 teams chosen to participate in the DOE 2021 Marine Energy Collegiate Competition: Powering the Blue Economy.
Geoscience data provider TGS has restarted the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previous analysis of multibeam and backscatter data. This survey takes place in conjunction with Nigerian joint venture partner TGS-Petro
Equinor is pushing forward with the development of the Northern Lights, a carbon capture and storage project in Norway.
Swedish wave energy company Eco Wave Power has formed a strategic collaboration with Painhas for the licensing of its wave energy project in Portugal.
Hyundai Global Services (HGS), a solutions provider firm of Hyundai Heavy Industries (HHI), has signed a contract to deliver its Smart Ship and Satellite Communications package to KSS Line’s LPG carrier fleet. The Smart Ship and Satellite Communications package is a combination of the ISS – an IoT p
MacGregor has placed an order with Kongsberg Maritime for its Pile Gripper Guidance System (PGGS) for the Alfa Lift foundation installation vessel, which China Merchants Heavy Industry (CMHI) is currently building for Offshore Heavy Transport (OHT). In August, MacGregor announced an EPC contract for
US-based Harvey Gulf Subsea Solutions has selected Oceaneering for ROV and support services onboard its four US-flagged Jones Act compliant vessels. Specifically, the multi-year deal will see Oceaneering provide eight Millennium Plus ROV systems, personnel and accompanying survey suites. CEO of Harv
