Forum Energy Technologies recorded profit in the fourth-quarter 2017 of $51 million, or 47 cents per diluted share, compared to net loss of $12.5 million, or 14 cents per diluted share, for the prior-year comparable period. Sequentially, Forum also returned to black from $15 million loss. The Q4 201
Tekmar and SBSS have signed a memorandum of understanding to collaborate as preferred partners in offering export and inter-array cable protection to the Chinese offshore wind market. Under the terms of the MoU the two companies will jointly promote their services in cable protection systems and sub
Searcher Seismic has expanded its Argentinian multi-client library by offering over 97,000 km of seismic data and a comprehensive atlas and analysis of offshore wells. The release of Searcher’s technical dataset comes in preparation for the Argentina offshore bidding round 1, which is expected to be
Wood Mackenzie and the Oil & Gas Technology Centre are developing new subsea technology and approaches to field developments that could help unlock 400 million additional barrels of oil and gas and generate £3 billion of additional value. On the UK Continental Shelf (UKCS), there is 3.4 billion barr
Oil firm Tullow has awarded a frame agreement contract to Enpro Subsea to support Tullow’s strategic activities offshore Ghana.
The Finnish wave energy technology provider Wello has signed a contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide, the company said. The
“These reefs will provide excellent habitat for marine species and will offer recreational opportunities for divers and fishermen”
Norwegian geophysical services company EMGS posted loss for the fourth-quarter 2017 of $5.9 million, improving from $15.1 million loss in the same period last year. The Oslo-listed company generated revenues of $11.3 million in the quarter ended December 31, 2017, down from $12 million in the corres
The U.S. Army Corps of Engineers, Philadelphia District, has just posted this amazing image from 1962 of the drag arm of their dredging vessel Goethals, which operated from 1937 to 1982. From a distance, the Corps’ hopper dredger looks like most any other vessel. Thing that makes it different is the
Xodus Group is undertaking an international study on behalf of Scottish Enterprise to determine competitiveness and innovation in the Scottish subsea market and benchmark capabilities with regions across the world. Over the next 12 months, the findings should help shape a range of projects and activ
Phoenix has recently completed an abandonment campaign in the Gulf of Mexico utilizing its atmospheric diving system (ADS) Hardsuit and a surface supplied air diving spread mobilized onboard a vessel of opportunity. The project was executed in two phases. In Phase 1 of the project, Phoenix cut, plug
New research being carried out by the University of Rostock and HR Wallingford is assessing the development of scour around substation jacket foundations to provide new insights for the University of Rostock in research funded by the German government. As the hub of an offshore wind farm’s energy ex
French supermajor Total reported a hike in its quarterly profit, boosted by higher oil prices, increased production and lower operating costs.
Palfinger Marine has won a deal to supply four lifeboat systems to Statoil’s Johan Catsberg FPSO.
