An international group of experts, working together on the validation of numerical modelling tools for wave energy converters, have presented their first phase findings.
Financial consultancy specialist Asia Fund Space (AFS) has agreed to acquire new shares in the capital of Ezra as well as the possible subsequent injection of new assets into Ezra. The agreement is subject to all Ezra shareholder, creditor, court (US and Singapore) and other necessary approvals bein
ST3 Offshore has sent off a barge carrying the first three jackets for Ørsted’s Borkum Riffgrund 2 offshore wind farm from its serial manufacturing plant in Stettin, Poland, to Cuxhaven, Germany.
Maersk Supply Service’s Stingray-class newbuild subsea support vessel, Maersk Installer, has completed its first contract with McDermott. Maersk lnstaller joined the project in January 2018, supporting the Vashishta development off the East Coast of India. This is part of an ongoing development proj
Oslo-listed Subsea 7 has returned to profit in the quarter ended December 31, 2017 on no goodwill impairment charges and a higher taxation credit. The subsea engineering and construction specialist posted quarterly profit of $51 million, or $17 cents per diluted share, on revenue of $1 billion, vers
ScottishPower Renewables (SPR) and Associated British Ports (ABP) have awarded contracts valued in the region of GBP 10 million for development work at the Port of Lowestoft to support the East Anglia ONE offshore wind farm.
Norwegian equipment provider for aquaculture industry, AKVA group, has boosted its profit in the fourth quarter of 2017 as all of its business segments upped their quarterly performance and saw the revenues grow. Namely, the company booked profit before tax of NOK 33.3 million and net profit of NOK
James Fisher Marine Services (JFMS) has signed a Memorandum of Understanding (MOU) with the helicopter services provider NHV to develop and commercialise integrated packages for the offshore wind sector.
The consortium behind the LifeDemoWave project is finalizing the assembly works on the wave energy buoy prototype ahead of deployment which is reportedly planned for March off the coast of Galicia in Spain.
Wave Energy Scotland (WES) has awarded £2.5 million to a project that is developing the power take-off (PTO) system to suit a variety of wave energy converters.
Bibby Offshore, a subsea services provider to the oil and gas industry, has completed a contract worth more than £2 million for BP in the North Sea. The project utilized Bibby Offshore’s diving support vessel Bibby Topaz to carry out inspection, repair and maintenance operations in the Rhum gas fiel
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 221 million (approximately $28 million) or NOK 6.85 per share, against loss of NOK 514 million (approximately $65 million) or NOK 16.18 per share for the quarter that ended on December 31, 2016. Result for the twelve months of
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported profit of $4.2 million for the year 2017. This result is 75 percent lower compared with profit of some $17.2 million in 2016. The Singapore-listed company generated revenue of $148 million
Vineyard Wind plans to invest USD 2 million in training locals for work at its proposed wind farm offshore Massachusetts, US, if the project secures a contract to deliver power to the state’s utilities, according to local media.
