TechnipFMC has reported first-quarter 2019 profit of $20.9 million or 5 cents per diluted share. The services major has seen a 78 percent decrease compared to net profit of $95.1 million same time last year. Adjusted earnings per share for the quarter were 6 cents, excluding charges and credits. Rev
Forum Energy Technologies recorded loss in the first-quarter 2019 of $8 million, or 7 cents per diluted share, compared to profit of $28 million, or 25 cents per diluted share, for the prior-year comparable period. Sequentially, Forum narrowed its loss from $3.52 per diluted share, with revenue decr
Ocean Scientific International Ltd (OSIL) has supplied a 1.2m data buoy platform to the “ORION” joint research and development center in Nicosia, Cyprus, for use as a real-time monitoring station on an EU-funded project managing coastal erosion. According to OSIL, “The Harmonized Coastal Corrosion M
ECA Group has supplied a five function electric manipulator arm to be integrated onto a manned submarine Ictineu 3, conducting scientific subsea missions in Europe. ECA Group delivered an Arm 5E to the Spanish Ictineu Submarins SL company, to equip its Ictineu 3 manned submarines, which are 3-person
RH Marine has supplied its Rhodium Alarm Monitoring System (AMS) and Dynamic Positioning and Tracking Control System (DPT) for the Ecodelta, the first Dutch dredger on LNG. The trailing suction hopper dredger (TSHD), owned by Van der Kamp, is 134 meters long, 21 meters wide and can dredge up to 37 m
Ashtead Technology has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the USA. The acquisition strengthens Ashtead Technology’s ROV and mechanical tooling offering, broadening its survey se
Katapult Ocean and GCE Ocean Technology have partnered to support start-ups. GCE Ocean Technology, formerly GCE Subsea, recently went through a name change to signify a new strategic direction. The cluster now wants to be an active faciliatator for technology transfer from the oil and gas industry i
RRS James Cook set sail to embark on a world-first experiment to develop methods for detecting and monitoring leaks of carbon dioxide (CO2) from sub-seabed reservoirs. This forms part of the internationally collaborative STEMM-CCS project, led by the NOC. The team will drill into the bed of the Nort
Shell has announced a significant discovery at the Blacktip prospect in the deep-water U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. “Blacktip is Shell’s second material discovery in the Perdido Corrid
Alphabet Inc. (Google) has delivered a 10,000 kilometer long subsea link between Los Angeles in the US and Valparaiso in Chile. The Curie cable, named in honor of science pioneer Marie Skłodowska Curie, was completed earlier this week with landing in Valparaíso. Equinix was selected for Los Angeles
HullWiper has signed a hull cleaning frame agreement with Equinor for its fleet of oil and gas tankers operating in Scandinavia, Far East, Middle East and Europe. Simon Doran, HullWiper’s Managing Director says the partnership with Equinor reflects his company’s commitment to proving the global ship
Bibby HydroMap recently conducted a demonstration of DriX at the Offshore Renewable Energy (ORE) Catapult facility in Blyth. The key purpose of the demonstration was to showcase DriX being used in the offshore renewables sector to capture essential information at all stages of renewable projects. Du
Jan De Nul Group is demanding the repayment of all installments paid to Croatia’s troubled Uljanik Shipyard, plus interest, after they cancelled an order for Newbuilding 500 – a cutter suction dredger. The Shipbuilding Contract for Hull 500 was signed two years ago between Uljanik d.d. and Dredging
Tractebel DOC Offshore (DOC) has completed construction supervision of the inner array cabling for the Trianel Borkum II offshore wind farm (TWB II). “DOC has always provided the project with the required quality and number of representatives in a flexible manner, thus meeting our expectations in a
