Dragados Offshore has won a contract from Mærsk Oil and Gas for the Tyra East G & Tyra East H jackets for the ‘Tyra Future Development Project’, both to be installed in the Danish sector of the North Sea. Dragados Offshore’s scope of work includes project management, HSEQ management, procurement, co
Following deep search and rescue vehicle (DSRV) trials, JFD said it has completed the build of the first of its two new submarine rescue systems, due to be delivered to the Indian Navy in March 2018. The completion of the build will be commemorated by a ceremony hosted by JFD and attended by senior
Israeli wave energy developer Eco Wave Power has reached 15,000 grid connection hours in its pilot wave power plant in Gibraltar – claiming it to be a new world record.
Dutch subsea and survey specialist Fugro has posted net loss of €160 million for the year 2017, against net loss of €309 million in 2016. The company’s revenue, however, fell close to 16 per cent from €1.77 billion in 2016 to €1.5 billion in 2017. Fugro’s marine division, with revenue at €947 millio
Norwegian seabed seismic services player Magseis has signed a Letter of Intent (LoI) for a lease contract of its proprietary MASS nodes. Magseis will mobilize a fully containerized handling system (MASS Modular) and field technicians for the project in North East Asia, the company informed. The dura
TechnipFMC has reported fourth-quarter 2017 net loss of $154 million or 33 cents per diluted share. One of the industry majors has booked quarterly after-tax charges and credits of close to $245 million or 53 cents per share. This came down to adjusted earnings of 20 cents per share during Q4 2017.
Rotech Subsea is set to deploy a new RS1 excavation tool for the recently secured harbour clearance work scope in UK. The RS1 excavation tool has been specially adapted by the Aberdeen group’s on-site fabrication unit, Rotech Fabrication, to meet demand from Port Authorities for excavating difficult
EMARQ, a wholly-owned Canadian subsidiary of Ocean Renewable Power Company (ORPC), is recruiting for a project manager to oversee the development of marine renewable energy projects in Canada.
Houston-based McDermott posted quarterly profit of $25.5 million, or 9 cents per fully diluted share, compared to $500K loss in the fourth quarter 2016. McDermott’s result for the full-year 2017 was profit of $178.5 million or 63 cents diluted EPS, versus $34 million profit of 12 cents per diluted s
UK-based oil giant BP has predicted renewables to be the fastest-growing fuel source, increasing five-fold and providing around 14% of primary energy through to 2040.
WFN Strategies has received a contract by Kativik Regional Government, Canada, to provide cable route survey for the proposed Eastern Arctic Undersea Fibre Optic Network (EAUFON) submarine telecoms cable system. EAUFON is a planned submarine cable with landing points at multiple communities in Canad
CorPower Ocean is looking to expand its team with two new job openings as the company gears up to enter its next stage with the development of full-scale wave energy converter.
Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate research on the northern continental slope of the South China Sea. The contract is valued at approximately $40 million and the project is expected to start in the second quarter of 2018. This is the fifth
The North Wales-based software company Papertrail, a provider of cloud-based inspection management and data capture technology for the wind energy industry, has informed that it won several new contracts last year and that it sees further growth as its platform is being used increasingly for operati
