MarineEnergy.biz has compiled the top news from marine energy industry from February 25 – March 03, 2019. https://marineenergy.biz/2019/02/28/smes-plat-i-produces-first-power-in-nova-scotia/ https://marineenergy.biz/2019/02/26/minesto-explores-deep-green-deployment-opportunities-in-eastern-caribbean
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net loss of $27.3 million for the twelve-month period ended December 31, 2018. This result compares with profit of some $4.2 million for the twelve months period in 2017. The Singapore-lis
TechnipFMC has secured a large contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit for the Greater Tortue Ahmeyim development. The Tortue/Ahmeyim development is located in the C-8 block
FPSO integrity management and repair specialists, Marine Technical Limits (MTL) has added four new recruits to its specialist team. The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it secured a
Prysmian Group has localized the issue that caused system failure of the Western Link Interconnection, consisting of two 600 kV DC submarine cables in the Irish Sea linking Ardneil (Scotland) to Wirral (England). Following the testing and investigations executed to date, the issue, which required th
Sustainable Marine Energy’s PLAT-I tidal energy platform has generated first power from the tidal currents of Grand Passage in Digby County, Nova Scotia on Saturday. Following a period of commissioning and testing environmental monitoring equipment, Sustainable Marine Energy (SME) has satisfied the
Italian oilfield services player Saipem has reported loss in 2018 of €472 million ($538 million), on revenues of €8.5 billion ($9.7 billion). This result compares to net loss of €328 million ($374 million) on revenues of €9 billion ($10.3 billion) for the twelve months of 2017. Revenues in the Q4 20
Magseis Fairfield has signed a letter of award (LOA) for a three months data acquisition program in the North Sea. According to the Norwegian seabed seismic services player, the survey is scheduled to start in Q3 2019 and will be acquired by the vessel Artemis Athene. The client and financial detail
Peruvian offshore operator Naviera Tramarsa has extended its underwater robotic vehicle fleet with a new Cougar XT from Saab Seaeye to enter operations in May 2019. The Cougar XT joins their Saab Seaeye Falcon, operated by Naviera Tramarsa for 10 years. The company’s main activity is the inspection
Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted
Fugro has secured a contract to undertake marine site characterization work at the Hollandse Kust (west) wind farm zone, off the Dutch coast. Fugro secured the deal through a tender process, which represents the largest geotechnical site characterization programme tendered by the Netherlands Enterpr
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide cable repair service – as well as providing periodic inspection and monitoring of cable integrity – to reduce the likelihood, time and cost associated with
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide a reliable and effective cable repair service, as well as providing periodic inspection and monitoring of cable integrity, to reduce the likelihood, time a
Maritime Developments has secured a flexible installation project offshore Ghana. The work scope covers an installation of a flowline using MDL third-generation reel drive system, operated by the MDL offshore service team. The equipment was loaded out in components from MDL’s Peterhead, Scotland fac
