Oilfield services major, Schlumberger, has seen its profit reduced by almost 50 per cent as the company experienced ‘one of the steepest quarterly declines’ since the downturn started. The Houston-based company generated net income of $501 million, or $0.40 diluted earnings per share, on revenue of
Statnett has decided to implement the initial construction stage of a new power line between Namsos and Surna. This comprises development of the Namsos-Åfjord and Surna-Snilldal subsections. “The decision was based on three main factors,” says executive vice president Elisabeth V. Vardheim in Statne
Damen recently equipped Van den Herik’s new 3,200 m³ trailing suction hopper dredger (TSHD) Charlock with its two dredge pumps. One semi-axial dredge pump is fitted on the trailing pipe, the other dredge pump is mounted inboard. Both dredge pumps work in series, enabling a highly efficient dredging
The U.S. Army Corps of Engineers, North Atlantic Division, has just released this picture of an amphibious digger constructed by Oliver Evans for the Philadelphia Board of Health in 1804. This was probably the first wheeled vehicle to move under its own power in America and the first mechanically po
The Waurika Lake dredging scheme is nearing its completion, ahead of schedule and under budget. This cleanup scheme started in November 2015 with the main goal to remove tons of silt and sediment that had settled at the bottom of Waurika Lake. The dredging operations are the culmination of months of
Aqualis Offshore and China Ship Design & Research Center (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally. CSDC specialises in shipbuilding and offshore engineering services. It is a subsidiary company of China Shipbuilding Industry Corp (CSIC).
A new Rohr floating bucket ladder dredge was installed on a greenfield site of an existing sand and gravel operation for a European customer. The KS 225 is an electric dredge with a digging depth of 40 ft (12 m) and production capacity up to 620 tph (432 m³/hr) utilizing 225 liter buckets. The dredg
Alewijnse Marine Systems has secured a job to refit the electrical systems onboard RV Belgica, an oceanographic research vessel owned by the Belgian state. The refit will start in April 2016 and take several months to complete, the company informed. RV Belgica celebrated its 30th anniversary in 2014
Germany’s Salzgitter Group has won a contract to supply a large batch of pipes in support of the construction of the offshore section of the Trans Adriatic Pipeline. The German supplier will deliver more than 71,000 t of large-diameter pipes measuring 36 Inch in diameter for the 110 km long offshore
Geophysical contractor TGS has posted first-quarter 2016 net loss of $20.2 million, compared to net profit of $28.6 million in the same period in 2015. This comes down to quarterly earnings per share (fully diluted) of $-0.20, down from $0.28 in Q1 2015. In line with this month’s earlier announcemen
Voestalpine has secured a new contract for the Nord Stream 2 pipeline project between Europe and Russia. After having supplied 170,000 tonnes of linepipe plates for the first part of the gas pipeline in the Baltic Sea between 2008 and 2010, the company will now produce several hundred thousand tonne
With more than $300 billion paid out by insurers for coastal storm damage in just the past 10 years, losses from natural disasters are reaching all-time highs, according to The Nature Conservancy. As coastal communities seek to maximize the cost-effectiveness of their infrastructure solutions, The W
Seatools, a Dutch subsea engineering company, has launched its latest product, named Pile Dredge Tool (PDT). Jan Frumau, Managing Director, said: “Based on strong market demand related to pile dredging and cleaning, we have developed and reviewed several concepts for a pile dredge tool and we have n
Alcatel-Lucent Submarine Networks (ASN), now part of Nokia, will implement two upgrades on transpacific and transatlantic routes to further enhance global connectivity for broadband content and applications, as well as for bandwidth-intensive cloud computing services. ASN said that the upgrades shou
