Geophysical contractor TGS has posted first-quarter 2018 net profit of $13 million, compared to profit of $1.5 million in the same period in 2017. This comes down to quarterly earnings per share (fully diluted) of $0.13, against $0.02 profit per share same time last year. The Oslo-listed firm genera
The National Subsea Research Initiative (NSRI) is hosting a Mastermining workshop in Aberdeen on May 16 for subsea supply chain companies in a bid to harness opportunities in the wave and tidal market. Scotland is active in the commercialisation of wave and tidal stream energy, including via the Eur
Cleareon, a New York City-based provider of access solutions has announced a subsea system to provide 100 Gig Wavelengths between the transatlantic cable landing stations in Wall Township, New Jersey, and the 1025Connect facility in Westbury, Long Island. The new NYNJ-1 cable route offers physical d
AW-Energy has secured additional funding from the MaRINET2 program to continue tank tests with a second collaboration project with Queen’s University Belfast. The 6-month project spans from April to October in 2018. The project is continuation to the investigation of both the operational and extreme
Heerema Fabrication Group (HFG) has completed and shipped out the BorWin3 jacket foundation, destined for the German North Sea. BorWin3 jacket sailed away to its final destination on Tuesday, the company informed through social media. Heerema is responsible for the procurement and construction of th
McDermott International has received a contract from Anadarko for subsea umbilical and flowline installation in support of the tieback to Anadarko-operated Lucius field in the U.S. Gulf of Mexico. McDermott will provide engineering, fabrication, installation and pre-commissioning of subsea infield f
Maritime Developments has won a flexlay contract on a major gas field in the Mediterranean Sea. The project, due to start in 2019, will cover installation of an umbilical connecting the production wells to a fixed offshore processing platform. The work will be carried out using MDL TTS-4/310 Series
Van Oord has deployed its new trencher, the Dig-It, for the first time, at the Borkum Riffgrund 2 offshore wind project in the German sector of the North Sea. Van Oord’s new trencher has expanded the company’s cable laying and burial capabilities. The Dig-It, also known as the Q Trencher 1600, is a
A consortium behind the Monet submarine cable system, connecting Florida to Brazil, has informed that the cable is complete and fully operational. The consortium consists of Algar Telecom (Brazil), Angola Cables (Angola), Antel (Uruguay), Google and TE SubCom. The 10,556 km Monet cable system connec
TE SubCom, a TE Connectivity company, has introduced its Ocean Control suite, the technology that represents a leap forward in network control efficiency through software-defined networking (SDN). By enabling automated control over all parts of a communications network, the Ocean Control suite offer
Okeanus Science & Technology has delivered a self-contained rapid mobilization remotely operated vehicle (ROV) launch & recovery system to Phoenix International. The fully integrated system, designed and built to launch and recover a free-flying ROV, contains a winch/level wind assembly, self-erecti
Statoil has informed that it is all set for the installation of Snefrid Nord gas field subsea template in the Norwegian Sea. The announcement comes just one year after the development of the Snefrid Nord got the green light by the Ministry of Petroleum and Energy. The Statoil-operated Snefrid Nord g
DEA Norge’s first Dvalin project development module has left an Aibel yard, heading to the Statoil-operated Heidrun platform in the Norwegian Sea.
UK Continental Shelf has seen its production efficiency rise for a fifth year in a row, increasing to 74% in 2017.
