Swedish marine energy developer Minesto intends to expand the commercial roll-out of its Deep Green technology in Holyhead Deep, North Wales by taking steps to increase the planned installed capacity of its tidal energy array to 80 MW. The company has submitted a scoping report to UK consenting auth
Forum Energy Technologies recorded net loss in the fourth quarter of $13 million, or $0.14 per diluted share, compared to net loss of $167 million, or $1.81 per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $18 million, or 20 cents per diluted share. The Houston
A new underwater monitoring platform has been deployed to capture environmental data from the Bay of Fundy. FAST-3 is the third sensor platform built and deployed by the Fundy Ocean Research Center for Energy (FORCE) in the Minas Passage. “FORCE was created to explore whether in-stream tidal energy
Oil giant Saudi Aramco and oilfield services provider Baker Hughes have introduced what the companies say is the first TransCoil rigless-deployed electrical submersible pumping (ESP) system. Baker Hughes said on Thursday that the new ESP system is designed to help operators bring wells into producti
Saab Seaeye has enhanced its remotely operated vehicle ‘Falcon’ with its advanced iCON behaviour-based intelligent control architecture. Namely, the Falcon can now host many new features, making it an advanced platform for further automation and behaviour-based software development. A new attribute
Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 million loss in the same period last year. For 2016, the company reported loss of $52.1 million, against loss of $76.7 million in 2015. EMGS generated revenues of $12.0 million in the fo
Norway-based Innova has selected acoustic and inertial navigation technology from Sonardyne International for two new in-field resident remotely operated vehicles (ROVs). Each ROV will be installed with a co-housed Sonardyne Sprint Inertial Navigation System (INS) and Syrinx Doppler Velocity Log (DV
Pacific Drilling has contracted the asset integrity and IMR services provider, EM&I, to deliver ODIN underwater inspection in lieu of drydocking (UWILD) services. The new contract is this time starting with an ROV survey on the Pacific Sharav drillship operating for Chevron in the Gulf of Mexico. Gr
Norwegian oil services company Aker Solutions has reported net loss of NOK 268 million, or NOK 1.07 in the fourth quarter 2016, versus net loss of NOK 250 million, or 0.83 NOK a year earlier. The earnings were negatively impacted by special items of NOK 574 million, of which NOK 130 million is relat
Researchers at Swedish KTH have received a grant of SEK 100 million to develop new underwater robots. The funding was received through the Swedish Maritime Robotics Centre (SMaRC) from the Swedish Foundation for Strategic Research (SSF). The goal of SMaRC is to be involved in developing of the new r
Subsea engineering specialist Oceaneering has reported a net loss of $11.0 million, or $(0.11) per share, on revenue of $488 million for the three months ended December 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $25.7 million, or $0.28 per share, on revenue
OceanWorks International has completed an overhaul of its main indoor water tank. The 16’ x 25’ steel tank has a capacity of over 118,925 liters of water and it’s an integral part of the testing regimen for OceanWorks customized subsea engineering systems. The upgrades completed include the refinish
Flowserve has appointed R. Scott Rowe as its new president and chief executive officer, effective April 1, 2017. Rowe will also join the Flowserve board of directors. He succeeds Mark Blinn, who previously announced his intention to retire and will step down from the Flowserve board, effective March
Aker Solutions has been awarded two framework agreements to provide concept and front-end engineering and design (FEED) services for BP globally. The first contract is for feasibility and concept engineering and the second is for FEED services covering the full range of upstream developments. Each a
