MarineEnergy.biz has compiled the top news from marine energy industry from November 04 – November 10, 2019. https://marineenergy.biz/2019/11/05/sbm-offshore-to-deploy-wec-prototype-off-monaco/ https://marineenergy.biz/2019/11/08/orpc-secures-7-5-million-in-private-financing/ https://marineenergy.bi
Baker Hughes said that is has been awarded a multi-year subsea frame agreement by Apache’s North Sea subsidiaries. The deal will see Baker Hughes deliver a suite of subsea equipment and services including six trees, wellheads and an associated service package. Romain Chambault, Europe director, oilf
Norwegian geophysical services company EMGS has returned to profit as revenues hiked more than fourfold for the period ended September 30, 2019. The Oslo-listed company reported profit for Q3 2019 of $5.1 million or 4 cents per share, versus loss of $11.2 million in Q3 2018. Revenues for the quarter
Oslo-listed SeaBird said it will focus on a more asset-light and flexible business model after recognizing a continuous widened quarterly loss. For the period ended September 30, 2019, seismic player booked loss of around $5.1 million, compared to loss of $4.6 million in the corresponding period in
Tetraspar Demonstrator Project has signed a supply contract with UNITECH Offshore for a dynamic power cable and grid connection for the full-scale floating wind turbine demo outside Karmøy 2020. Tetraspar Demonstrator Project is a joint project for the demonstration of the TetraSpar floating wind tu
Ocean Renewable Power Company (ORPC) has closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile. The new deal comes a week after ORPC scooped up Department of Energy (DOE) grant of $3.8 million to develop
TGS has signed a contract with PETRONAS awarding TGS and partners the exclusive rights to seek pre-funding for a broadband 3D project covering over 40,000 sq km in the Malay Basin. The resulting Peninsular Malaysia Mega-Merge seismic dataset will comprise both broadband reprocessing of existing lega
Innovo and Sparrows have completed a flexible lay spread contract for a major oil and gas, tier 1 contractor in Angola. The contract has been executed with Innovo’s Innodrive 700T electrical Reel Drive System (RDS) and a Sparrows tensioner integrated with under-deck carousel. The Innodrive RDS, desi
Aberdeen-based well technology company, Deep Casing Tools (DCT), has bolstered its capability in the plug and abandonment (P&A) sector with the appointment of Alan Glen as product line manager for Casing Recovery Systems. This new position has been created to focus on bringing DCT’s highly anticipat
Taiwan based CSBC-DEME Wind Engineering (CDWE) and the Zhong Neng Wind Power Corporation Preparatory Office have signed two contracts for the Zhong Neng offshore wind farm project. The contracts include the transportation and installation of foundations, as well as a Preferred Bidder Agreement (PBA)
DOF Subsea has secured multiple contract awards from undisclosed clients in Trinidad and US Gulf of Mexico. The company secured a three-year frame agreement for Skandi Neptune for IMR and light construction services with a major operator in Trinidad. The vessel will start operation in Trinidad late
Engineering and construction specialist Subsea 7 has seen its profit slip in the quarter ended September 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $42 million, or $15 cents per diluted share, on revenue of $951 mi
A consortium responsible for the Manatua submarine cable has approved the installation operations of the Manatua – One Polynesia Cable. The new optical fibre submarine cable will span the South Pacific transforming speed, capacity, resilience and affordability. Manatua Consortium executives from Off
Shearwater GeoServices has secured a new 3D seismic survey in the Eastern Mediterranean. The one-month survey will be executed in Q4 2019, the company informed. “Shearwater has a long track record in the region, and we are pleased to return for this survey”, said Irene Waage Basili, the CEO of Shear
