The 157 meters long subsea equipment support vessel (SESV) Aker Wayfarer has been engaged in a tidal energy project for the French developer Sabella to retrieve its D10 tidal turbine from the bottom of the Fromveur Strait, off Ushant island, France. Ocean Yeald’s vessel, on a long-term charter with
Oilfield services investment company, Akastor, has booked a second-quarter 2016 loss as revenue declines in the weak market. The Oslo-listed company recorded loss of NOK 838 million (approx. $100 million) for the second quarter 2016, compared to loss off NOK 298 million ($35.5 million) in the corres
Marine Power Systems (MPS), a Swansea-based company, has signed a contract with Hunger Hydraulic UK for the supply of hydraulic cylinders and seals for its WaveSub device. Hunger Hydraulic is providing MPS with hydraulic cylinders for the WaveSub’ power take off system. In addition, Hunger Hydraulic
Unique Group’s diving & life support equipment manufacturing division, Unique Hydra, has developed its new LRE50-A2 extended reach diver launch and recovery system. The LRE50-A2 is designed to resolve an operational requirement to deploy divers a distance off of the side of a vessel. Namely, DP divi
Maritime ropes supplier, Lankhorst Ropes, and synthetic fibre specialist DSM Dyneema have collaborated in supplying Dutch foundation ‘The Ocean Cleanup’ with synthetic mooring ropes for a prototype ocean cleanup system. The Ocean Cleanup was founded with the aim of developing advanced technologies t
GE has signed a deal which will see it provide equipment for one of the world’s largest crane vessels – Heerema Marine Contractors’ Sleipnir. The Sleipnir semi-submersible crane vessel is currently under construction at Sembcorp Marine’s Singapore yard. Under the recently signed deal between GE’s Ma
Oceaneering has entered into a master service agreement with Heerema Marine Contractors (HMC) through December 2020. During this time Oceaneering will provide up to ten remotely operated vehicle (ROV) systems with associated subsea tooling, engineering and technicians to support HMC’s global operati
MacArtney has supplied Mermac winch systems to Canyon Offshore, the marine contracting unit of Helix Energy Solutions, to be used on the latest two ‘Grand Canyon’ range offshore support vessels. MacArtney has supplied a total of four winch systems, all featuring active heave compensation (AHC) allow
Wood Group has been awarded an extension to its master service agreement contract with Apache in the North Sea. Wood Group will continue to deliver subsea engineering and consultancy services, in support of Apache’s routine operation and maintenance works, as well as detailed engineering for future
Aker Solutions has reported net income of NOK 131 million or NOK 0.37 per share in the second quarter 2016 versus net income of NOK 209 million or NOK 0.73 a year earlier. In addition, first-half 2016 net income fell to NOK 300 million from NOK 428 in 1H 2016, while EPS was NOK 0.90 […]
Norwegian oilfield services company Aker Solutions has provided a somewhat positive outlook for the next year and a half. Presenting its second quarter results, Aker Solutions said that the markets are challenging and projects are being postponed across the industry. However, with cost cuts driving
Makai Ocean Engineering has made multiple new sales of its software for route engineering, installation planning, and real-time lay control of subsea cables. Makai’s recent sales include: CSCC – China Submarine Cable Construction, purchased a license of MakaiLay; KCS – Kokusai Cable Ship, purchased
U.S. based fabricator of offshore oil and gas facilities Dril-Quip has secured a $40 million order in Indonesia. The company will, via its subsidiary Dril-Quip Asia Pacific Pte Ltd, supply subsea drilling and production equipment and related services to Kangean Energy Indonesia Ltd. Kangean is a con
Dril-Quip Asia Pacific, in conjunction with its local representative, has been awarded a contract to supply subsea drilling and production equipment and related services to Kangean Energy Indonesia. Kangean Energy is a contractor for SKK Migas, for the development of its Terang/Sirasun/Batur gas fie
