Cameron reported earnings per share for the third quarter of 2013 of $0.81, excluding charges. After-tax charges for the third quarter of 2013 were $8.6 million, primarily related to the integration of OneSubsea and certain other acquisitions. The Company reported GAAP net income of $189.6 million f
Ocean Power Technologies, Inc. and Mitsui Engineering & Shipbuilding Co., Ltd. today announced that they have signed a new agreement to cooperate in the development and commercialization of OPT’s PowerBuoy® technology. Building on the successful work previously done together by the companies, this a
BMT Scientific Marine Services Inc (BMT) has been awarded a contract from SBM Offshore to provide an Integrated Marine Monitoring System (IMMS) for the Stones Floating Production Storage Offshore (FPSO) in the US Gulf of Mexico. The IMMS monitors, logs, and displays data in real-time to provide oper
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, announces the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (`FELs’) 2/13 and 3/13 in the
Rolls-Royce has signed a contract to supply thrusters and deck machinery for two semi-submersible drilling rigs to be built at Samsung Heavy Industries in Korea for Stena Drilling. The value of the contract is around £22 million to Rolls-Royce. The new drilling rigs are due for delivery in 2016 and
Cygnus Instruments Ltd enjoyed a good response at the Seatrade Middle East Workboats & Offshore Marine event in Abu Dhabi, U.A.E. Co-exhibiting with Unique System FZE, their long standing distributor, Cygnus demonstrated a range of ultrasonic thickness gauges that use the Cygnus Multiple Echo techni
Vallourec, world leader in premium tubular solutions, announces that Vallourec Tubos do Brasil, Vallourec’s wholly-owned Brazilian subsidiary, has been selected to supply premium pipes for the offshore Xerelete field in Brazil, of which Total became an operator in June 2012. The Xerelete field is lo
TechNavio’s analysts forecast the Global Submarine Fiber Cable market to grow at a CAGR of 9.87 percent over the period 2012-2016. One of the key factors contributing to this market growth is the interlinking countries for economic growth. The Global Submarine Fiber Cable market has also been witnes
Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available, while the DE66 Drill Ship model, simulat
Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available, while the DE66 Drill Ship model, simulat
ABB, the leading power and automation technology group, has won a significant order from the Dutch-German transmission system operator TenneT to supply an AC (alternating current) power transmission link connecting Sandbank, an offshore wind farm in the German North Sea, to the HVDC (high-voltage di
FMC Technologies, Inc. has reported third quarter 2013 revenue of $1.7 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were $0.49 compared to $0.41 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjus
NOAA’s Office of Coast Survey, which creates and maintains the nation’s suite of over a thousand nautical charts of U.S. coastal waters, announced major changes ahead for mariners and others who use nautical charts. Starting April 13, the federal government will no longer print traditional lithograp
The University of Hawai‘i at Manoa School of Ocean and Earth Science and Technology recently held a ceremony to name and launch operations on a new remotely operated vehicle (ROV) that will extend its vertical reach to 6,000 meters, or over 3 miles, in depth for ocean exploration in the state and th
