Ocean Power Technologies and Saab Seaeye have signed a non-exclusive agreement to pursue mutual opportunities through joint system solution development and marketing. The agreement anticipates a preliminary focus on autonomous underwater vehicle (AUV) and remotely operated underwater vehicle (ROV) c
Baker Hughes, a GE company, (BHGE) has reported profit of $131 million or 28 cents per diluted share on GAAP basis for the quarter ended December 31, 2018. Adjusted diluted earnings per share were 26 cents per share. The company generated revenue of $6.26 billion for the quarter, up 11% sequentially
Tekmar Energy has been selected by Jan De Nul to provide its Cable Protection System (CPS) TekLink Mechanical Latch for the Northwester 2 offshore wind farm. Northwester 2 will be the sixth wind farm in the North Sea off the Belgian coast, consisting of 23 turbines and will provide a total of 219 MW
Belgian and British transmission system operators, Elia and National Grid, have started the commercial exploitation of the first subsea interconnector between Belgium and the UK – the Nemo Link. Energy exchanges have started with an average of 773 MW to be exchanged and a total amount of 18,559 MWh
Proserv’s Subsea Controls business unit has delivered the fifth and sixth upgraded subsea control modules (SCM), including the master control station (MCS) and subsea distribution unit, to Talos Energy. The Houston based firm contracted Proserv to upgrade six existing original equipment manufacturer
Ocean Power Technologies and Saab Seaeye have entered into a joint development and marketing agreement.
The latest version of the enginei electronic fuel management system (EFMS) from Royston diesel power, has been specified for Tarmac’s Marine business’ City of Westminster aggregate dredger. The vessel is one of a four-strong fleet of gravel and sand dredgers, which operate mainly in the North Sea an
The Telecommunication Fund of Iceland and Farice, the operator of two submarine cables to Iceland, have signed a Desk Top Study (DTS) work agreement. The DTS work involves selecting landing sites for a new submarine cable to Europe as well as project management for a seabed survey expected to take p
Norwegian geophysical services company EMGS has slipped deeper into the red when compared to fourth-quarter 2017, despite revenues growth of some 24 percent. The Oslo-listed company reported net loss for the quarter ended December 31, 2018 of $7.1 million or 5 cents per share, versus loss of $6.2 mi
Okeanus Science & Technology and Continental Shelf Associates (CSA) today announced an exclusive rental and sales distribution agreement for CSA’s patented FlexSEA modular flotation system. The FlexSEA flotation system was developed by CSA to address the demand for deep water flotation modules that
TechnipFMC has been awarded a substantial integrated engineering, procurement, construction and installation contract from Lundin for the Luno II and Rolvsnes development offshore Norway.
TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Lundin Norway for the Luno II and Rolvsnes development in the North Sea. The contract, said to be worth between $250 million and $500 million, covers the delivery and installation
Cornwall-based marine recruitment specialist UTM Consultants has appointed William Best as a new business manager. The appointment follows the recent opening of a new office in Bristol where he will be based. Best will head up the ROV, Autonomous Vehicles & Inspection business line of UTM Consultant
Subsea Technology & Rentals (STR) has appointed Steve Harris as technical operations manager – Australia. This comes following expansion into the region and appointment of Jason French as business development director – Asia Pacific, in September 2018, and also increase in customer enquiries and dem
