TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense,
Polarcus has received a contract for an XArray marine seismic acquisition project in Australia. The contract will have an approximate duration of one month. The project will start in Q1 2020 immediately following completion of the XArray project in Australia, announced on October 17, 2019. The compa
Energy regulator for Great Britain Ofgem said it is unable to approve a proposal by Scottish and Southern Energy Networks (SSEN) to build a 600MW subsea electricity transmission link from Shetland to mainland Scotland. For Shetland, the cable would connect planned wind farm projects on Shetland with
Aker Solutions said it aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. According to the company, the oil and gas industry will remain its biggest market, but over the next decade Aker Solutions plans to
TerraSond, an Acteon company, has completed a high-resolution geophysical survey for Mayflower Wind, a joint venture between Shell New Energies US and EDPR Offshore North America. The two-month campaign, surveyed an area 20 miles south of Martha’s Vineyard, Massachusetts, USA, that can support up to
NKT has been awarded a three-year service agreement contract by the German-Dutch power grid operator TenneT covering the cable jointing part of a larger offshore service agreement. The contract covers the cable jointing work for seven power cable systems and includes a tailored preparedness plan des
Horten Municipality has selected Peab to clear, clean and construct a new seabed in the Horten harbor basin, in a contract worth NOK 120 million. This is Peab’s second ocean floor project in Norway. During 2018 Peab finished clearing, cleaning and constructing a new seabed in Pudde Fjord, Bergen. “T
Fugro has signed a memorandum of understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market. The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters, whereby Fugro will expand UST21’s lo
REV Ocean has acquired the Supporter 6000 ROV from Kystdesign in Aksdal, Norway. The ROV will be one of the most important tools used to achieve the core scientific goals of the REV Ocean research vessel. REV Ocean, will be equipped for conducting missions that cover the entire marine ecosystem. The
Searcher Seismic has expanded its offshore data library with the completion of its Northern Basins Prospectivity Study in Papua New Guinea. Searcher, in conjunction with Discover Geoscience, has compiled the Northern Basins Prospectivity Study following the acquisition of the Solomon Sea Broadband N
Helix Energy Solutions has reported net income of $31.6 million, or 21 cents per diluted share, for the third quarter of 2019 compared to $27.1 million or 18 cents for the same period in 2018. Sequentially, profit almost doubled from $16.8 million of 11 cents per diluted share. Third quarter revenue
TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico. The contract covers the delivery and installation of subsea equipment, including flexible flowlines, flexibl
Oil from the Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total. First oil to Mongstad only a few days after production start confirms tha
Norway’s Østensjø Rederi has signed a letter of intent for the construction of four Commissioning Service Operation Vessels (CSOVs) to meet the increasing demand in the offshore wind market. The CSOVs are designed by Salt Ship Design, Norway in close cooperation with Østensjø Rederi. The vessels wil
