Oslo-listed Subsea 7 has booked loss in the quarter ended March 31, 2018 on revenue drop of 10% due to lower activity levels in all business units and forex losses. The subsea engineering and construction specialist posted quarterly loss of $18 million, or $3 cents per diluted share, on revenue of $
Soil Machine Dynamics (SMD) has developed FLO – a new survey and inspection ROV system capable of delivering data in areas such as seabed mapping and pipeline inspection. Namely, standard work class ROVs have speed limitations due to their size, weight and hydrodynamics. They can also be unsteady op
NEC Energy Solutions (NEC ES), a wholly-owned subsidiary of NEC Corporation, will supply offshore wind developer Orsted with a 20MW GSS Grid Storage Solution.
McDermott International has completed the installation and startup of the Vashishta and S1 gas fields, under an engineering, procurement, construction and installation (EPCI) contract awarded by ONGC. McDermott together with consortium partner LTHE, a wholly owned subsidiary of Larsen & Toubro, was
Ineos UK has submitted a decommissioning application to the Department for Business, Energy & Industrial Strategy (BEIS) for the Windermere field, located in the Southern Basin of the UKCS. The Windermere facilities comprise the platform, wells, export pipeline and the umbilical between Windermere a
Edinburgh-based naval architecture consultancy QED Naval is looking to fill four job openings related to the development of the Subhub tidal platform.
Spanish floating wind platform developer Saitec Offshore Technologies has been awarded three weeks at IFREMER’s wave basin facilities in France to further validate and develop its SATH technology due to funding from the European network Marinet2.
The 75.5-metre self-elevating jack-up Seafox 7 has undergone its second five-year survey and maintenance works at Damen Shiprepair Amsterdam (DSAm).
Wave energy developer Seatricity has set a timetable to remove all residual mooring equipment used for Oceanus 2 wave energy device testing at Wave Hub.
Heerema Marine Contractors (HMC) has informed that it will cease its offshore pipe lay activities with immediate effect, leading to dismissal of 350 employees. The decision, a part of the strategic transition of the company, follows from a review and commercial evaluation in early 2018 of HMC’s curr
Oregon State University (OSU) has submitted a 1,000-page draft license application that outlines construction and operation details of a wave energy test site off the Oregon coast.
Ørsted has hired EGST to conduct three geophysical surveys over its Taiwanese Greater Changhua offshore wind project. The company will conduct seabed mobility survey, export and array cable survey, and potential archaeology inspection, for the four sites of Greater Changhua, to progress detailed win
Shell Offshore has made the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico. This decision has set in motion the construction and fabrication of a new, simplified host design and subsea infrastructure, the company informed. Vito is expected to reach peak produ
Houston-based McDermott has reported strong performance in Q1, just days after it rejected the takeover offer from Subsea 7, which did not fit into the company’s intention to merge its operations with CB&I to create a vertically integrated onshore-offshore company. McDermott has reported quarterly p
