Forum Energy Technologies recorded net loss in the first-quarter 2017 of $16 million, or 16 cents per diluted share, compared to net loss of $23 million, or 25 cents per diluted share, for the prior-year period. Sequentially, net loss widened from $13 million, or 14 cents per diluted share. The Hous
Halliburton, Trendsetter Engineering and C-Innovations have formed a strategic alliance to provide integrated offshore well intervention packages in Gulf of Mexico. The alliance leverages the companies’ subsea solutions for hydraulic interventions. It believes that these combined packages will impro
French offshore services provider Bourbon has been awarded a contract for the mooring installation of the first floating wind turbine in France at the experimental test site of SEM-REV managed by Ecole Centrale de Nantes (ECN), in the context of European project FLOATGEN. FLOATGEN is a wind turbine
U.S.-based ION Geophysical Corporation has been given a grant by the Scottish Enterprise (SE) for the company’s £1.5 million-worth ($1.93 million) Marlin software development program. ION said on Wednesday that SE’s £522,984 ($673,230) grant would be distributed over 15 months. The company added tha
The first of North America’s two submarine electricity cables has arrived in Atlantic Canada onboard the cable laying vessel the Skagerrak. Integral to Emera’s Maritime Link Project, these cables each measure 170 km and weigh 5,500 tonnes . The first cable was manufactured in Halden, Norway, while t
Port of Dover has just announced that the work is now underway to prepare the harbor for the piling and land reclamation phase of the port’s flagship Dover Western Docks Revival (DWDR) development. Currently, dredging activity is in operation to remove soft sediments in the harbor prior to the pilin
C-Kore Systems have verified the installation of 3 new umbilicals in the North Sea for an undisclosed oil company. The field is one of the biggest subsea projects being developed in the UK sector of the North Sea, the company noted. The patented C-Kore subsea testing tools were used both to prove ca
Van Wijngaarden Marine Services B.V. is expanding its fleet with new Damen Shoalbuster 3512 – the Lingestroom. “The 3512 combines a bollard pull of 55 tonnes with a deck area totaling 145 m²; enough space for seven 20 ft and two 10 ft containers, and an 11.3 tonnes @ 16.5 m deck crane, making it a [
TechnipFMC has reported first-quarter 2017 net income of $190.8 million and diluted earnings per share of $0.41. Excluding charges and credits of $193.5 million, or $0.30 per diluted share, adjusted diluted earnings per share were $0.71. Total company operating profit was $379.7 million, with adjust
Siemens has said it plans further job reductions at the Siemens Subsea business in Ulverston. This is part of a global reduction affecting the Siemens Subsea businesses in Norway, USA and Brazil. Siemens Subsea, which manufactures subsea connector and measurement technology, has experienced low cust
The final phase of Galloper construction work at Sizewell beach has been reported well underway with the team preparing for the installation of the second and final export cable for the offshore wind farm. The cable will bring the power generated from the offshore wind farm to the onshore substation
A consortium of GE and Norway’s Halvorsen has been awarded a contract for the provision of a seawater sulfate removal system for the Johan Castberg project off Norway. GE said on Tuesday that the contract was awarded by the Norwegian oil major Statoil and would be executed by GE Water & Process Tech
TechnipFMC has been awarded a contract by an affiliate of ExxonMobil for the engineering, manufacture and delivery of the subsea equipment for the proposed Liza deep-water project. The award scope includes seventeen total enhanced vertical deep water trees and associated tooling, as well as five man
Soil Machine Dynamics (SMD) has secured a contract with Van Oord for the manufacture and delivery of a QTrencher 1600. This contract follows the deployment of SMD’s QTrencher 1400 on Van Oord’s Gemini Wind Farm. Scheduled for delivery in Q1 2018, the trenching machine will be supplied with an SMD de
