Scotrenewables Tidal Power, the developer of 2MW floating SR2000, is embarking on a new funding round to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to le
Petroleum Safety Authority (PSA) Norway has carried out an audit of Statoil’s work on qualifying pipeline field joint coatings for the Johan Sverdrup export pipeline. PSA carried out the audit to verify that the follow-up and qualification of field joints for the export pipeline for Johan Sverdrup w
Seaborn Networks and IOX Cable have entered into a joint provisioning agreement to provide the first next-generation subsea fiber optic route between the U.S and India that will interconnect in South Africa and Brazil. According to Seaborn, the path connecting the U.S. with three BRICS countries and
Global seabed sampling experts Ocean Scientific International Ltd (OSIL) have delivered a 12 station Multiple Corer to XMU University in China. The hydrostatically damped Multi Corer is capable of collecting up to 12 samples simultaneously, which include a high-quality sediment sample and the overly
U.S. offshore vessel operator Harvey Gulf International has announced the delivery of the second large capacity 340’ Multi-Purpose Support Vessel (MPSV) the Harvey Bluesea. In a statement on Friday, Harvey described the vessel as a “best in class” Jones Act-qualified vessel that has the technical ca
FairfieldNodal’s Red Tank acquisition project in the Delaware Basin continues to progress on schedule. 380 square miles of fast-track data are now available, completing this portion of the project. Final PSTM data should be available mid-December 2017, and a PSDM product is expected in early Q1 2018
Ocean Scientific International Ltd (OSIL) has delivered a 12 station multiple corer to XMU University in China. The hydrostatically damped multi corer is capable of collecting up to 12 samples simultaneously, which include sediment sample and the overlying supernatant water, the company said. The co
Innovo has recently completed work for a contractor in the Mediterranean Sea that has seen the INNODRIVE reel drive system achieve 15 months umbilical laying and spooling activity with 0% downtime. Innovo said it was selected by the contractor thanks to its system’s unrivaled reliability and followi
Subsea World News has put together a recap of the most interesting articles from the previous week (October 30 – November 05). McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east co
Offshore driller Noble Corporation on Thursday reported a net loss for the third quarter of of $97 million, on revenues $266 million. According to Noble, the result includes a pre-tax charge to operating expenses totaling $14 million relating to damage sustained by two of the company’s cold-stacked
The APT Global group has launched a new and improved line of dredge ball joints. The in-house developed design has been named the Maximus ball joint and will become part of the APT Global product portfolio. The Maximus dredge ball joint is the result of extensive Finite Element Analysis (FEA) and pr
The Tiankun, the largest and most advanced cutter suction dredger (CSD) in Asia, was launched today in Qidong, East China’s Jiangsu Province. The dredger, built for China Communications Construction Co. Ltd. (CCCC), was designed by the China State Shipbuilding Corporation, Shanghai Jiao Tong Univers
L3 Technologies will design next-generation communications, mission planning, autonomy, navigation, cyber security and anti-tamper capabilities for the U.S. Navy’s Extra Large Unmanned Undersea Vehicle, or XLUUV. L3 will integrate these capabilities throughout the vehicle and system, which includes
Spanish oil company Repsol reported a rise in net income for the third quarter of the year, boosted by higher oil prices and higher refining margins.
