Petroleum Geo-Services (PGS), reported net loss for the fourth quarter ended March 31, 2018 of $40 million versus $106 million in the prior-year quarter. Basic loss was 12 cents per share, narrowed from 32 cents per share same time last year. Norway-based PGS generated revenues of $201 million for t
The Marmok-A5 device, deployed for testing off the coast of northern Spain, will be retrieved for upgrades this summer as part of the EU-funded wave energy cost-cutting project.
US-based developer, suitably named Ocean Thermal Energy Corporation (OTE), has announced plans to acquire two companies whose goals and objectives mirror its own in order to further grow its business and projects.
BP has selected Nexans to supply umbilicals for the second stage of the Mad Dog field development in the Gulf of Mexico. Within an existing five-year frame agreement, BP has ordered Nexans’ static and dynamic umbilicals and accessories that will be deployed in water depths from approximately 1,280 m
The Maersk Supply Service multi-purpose vessel, Maersk Launcher, has left San Diego port for its first deep sea mineral offshore study. The departure marks a milestone for Maersk Supply Service’s work with deep sea metal company, DeepGreen. MSS began working with DeepGreen in 2017, to bring marine k
Siemens Gamesa has commenced a blade repair and upgrade campaign at the Anholt offshore wind farm, after signing agreements with Ørsted for these works to be carried out on the Danish offshore wind farm and UK’s London Array, both featuring Siemens Gamesa’s 3.6MW wind turbines that have been affecte
Siemens Gamesa has commenced a blade repair and upgrade campaign at the Anholt offshore wind farm, after signing agreements with Ørsted for these works to be carried out on the Danish offshore wind farm and UK’s London Array, both featuring Siemens Gamesa’s 3.6MW wind turbines that have been affecte
The official UK government statistics have revealed record high public support for renewable energy in general, as well as tidal and wave energy sources.
The Policy and Innovation Group at the University of Edinburgh has released a report summarizing the developments in the wave and tidal sector throughout 2017 in the United Kingdom.
Tekmar Energy has won multiple contracts by Van Oord to supply its Cable Protection Systems (CPS) for the Deutsche Bucht offshore wind farm and the BorWin3 grid connection system in the German North Sea.
Cable protection specialist for offshore wind farms, Tekmar, has been awarded multiple contracts by Van Oord to supply its systems for both the Deutsche Bucht and BorWin3 projects. For the Deutsche Bucht, located in the German Bight, 95 kilometres northwest of the island of Borkum, Tekmar will suppl
Italian oilfield services player Saipem has reported loss in the first quarter of 2018 of €2 million ($2.4 million), on revenues of €1.91 billion ($2.32 billion). This result compares to profit of €47 million ($57.2 million) on revenues of €2.23 billion ($2.71 billion). Revenues fell some 15 per cen
The 100MW Ghana wave energy project, being developed by Seabased and TC’s Energy, is gaining momentum with a number of local permits and agreements already secured to support the scheme’s delivery.
Subsea engineering specialist Oceaneering has reported net loss of $49 million, or 50 cents per share, for the three months ended March 31, 2018. Adjusted net loss was $40 million, or $41 cents per share. During the corresponding period in 2017, the Houston-based company reported net loss of $7.5 mi
