Subsea 7 has been recently awarded a second construction contract for the Vito development in the Gulf of Mexico region. The Vito field is located approximately 241 kilometers south of New Orleans, Louisiana, with water depths up to 1220 meters. The latest contract was awarded by Enbridge Offshore F
Underwater repair and maintenance specialist, Hydrex, has recently removed a bow thruster, that needed to be overhauled, from a 300-meter container ship. This was done during a stop in Italy. Hydrex team mobilized from the Antwerp fast response center to the vessel’s location. After they set up a mo
EU-backed Marine-i initiative has made up to £500,000 available for Cornish-based businesses to develop innovative marine data technologies and applications.
The Ocean Energy ERA-NET (OCEANERA-NET) Cofund consortium has allocated €8 million to eight research and demonstration projects in the marine energy sector.
Becoming a leading player in the offshore energy market means supporting oil and gas, offshore wind and emerging market marine energy says Rob Boer, Managing Director at Acta Marine.
Three offshore renewable project developers, selected in the first stage of the NeSSIE project, have launched a call for supply chain companies interested in joining the demonstration projects in North Sea Basin related to developing commercial solutions for corrosion.
McDermott International has secured a large contract award, defined as between $50 million and $250 million, by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program. The contract covers the implementation of the ultra-shallow segment of the new
Swedish wave developer CorPower Ocean and UK-based tidal player Sustainable Marine Energy (SME) have joined forces to tackle foundations and moorings for marine energy devices.
Seismic player Polarcus has reduced quarterly loss when compared to third-quarter 2017 as revenues increased some 49 percent with prefunding of multiclient revenue recognized in accordance with IFRS (International Financial Reporting Standard). The Oslo-listed company reported net loss for the quart
Scottish tidal turbine developer Orbital Marine Power, and drivetrain solutions provider SKF, have been awarded €1.2 million to deliver performance improvement technology for tidal energy turbine.
Norwegian geophysical services company EMGS has slipped deeper into the red when compared to third-quarter 2017, with revenues down some 44 percent and net loss widened by 10.8 million. The Oslo-listed company reported net loss for the quarter ended September 30, 2018 of $11.2 million or 9 cents per
Polarcus has received an award for a 3D marine seismic acquisition project in West Africa. The award comprises two surveys of approximately three months each, the company informed. The first survey is expected to begin in Q2 2019 and the second survey in Q4 2019. Polarcus did not reveal the name of
Scotland’s Energy Minister, Paul Wheelhouse, has praised Nova Innovation’s milestone of delivering baseload power to the grid by combining tidal energy generation with Tesla energy storage system.
Russian military divers have successfully carried out a dive to a depth of 416 meters for the first time in the history of the Russian Navy. The Navy Research Institute and a separate expedition detachment of divers aboard the Igor Belousov Pacific Fleet rescue ship descended into the deep sea of th
