Aker Solutions has reported net income of NOK 19 million, or NOK 0.09 in the fourth-quarter 2017, versus net loss of NOK 268 million, or NOK 1.07 in the prior-year comparable period. The Norwegian oil services company has ended 2017 in NOK 239 million profit on revenue of NOK 22.4 billion, compared
Aker Solutions has purchased an initial 5% stake in Principle Power, forming an alliance that brings its offshore oil & gas engineering expertise into the floating offshore wind market.
The Board of the European Investment Bank has approved EUR 1.5 billion of financing for the Trans Adriatic Pipeline (TAP) The Trans Adriatic Pipeline (TAP) will transport Caspian natural gas to Europe. Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross N
The largest to date diving support construction vessel of Singapore-based Ultra Deep Solutions, the DSCV Matisse, is said to be on schedule for Q2 2019. The Matisse is an MT 6027 design with 145 meters in length and a beam of 27 meters. The vessel is a DNV-GL class with a 24 men saturation system [&
Big Moon Canada Corporation (BMP) has signed up for a permit to construct a 5MW tidal energy demonstration project in Nova Scotia’s Minas Passage.
Benthic, a geosciences company, has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central East platform location in the Caspian Sea. Benthic will execute the geotechnical scope of work from the Topaz Caspian Supporter in Q1 2018. The Benthic Portable Remotely Op
Wessex Archaeology has unearthed numerous archaeological remains in Lincolnshire, UK, and the surrounding area as part of the onshore construction works for Ørsted’s Hornsea Project One offshore wind farm.
Wessex Archaeology has unearthed numerous archaeological remains in Lincolnshire, UK, and the surrounding area as part of the onshore construction works for Ørsted’s Hornsea Project One offshore wind farm.
Royal IHC said it has successfully passed the first significant milestones in the design and build process of an integrated reel lay vessel for Subsea 7. According tot the company, notable achievements include the early completion of the model testing for resistance and propulsion as well as seakeep
Oilfield services company Expro has completed its financial restructuring, which should provide the company with a stronger and more sustainable financial foundation to grow the business. The financial restructuring eliminated Expro’s entire $1.4 billion of funded debt, including the associated $80
Australian engineering company AMOG has secured a grant through Marine-i program that will enable the company to test its wave energy device at FaBTest site in Falmouth Bay.
Petrofac has been appointed to provide outsourced well operator services on the next phase of Tullow Oil’s Thames decommissioning project, following the award of a new multi-million dollar contract. Under the terms of the award, Petrofac will provide well engineering project management services and
Deep Sea Mooring (DSM), a Vryhof company, has secured a contract with Quadrant Energy to provide turnkey pre-lay mooring solutions to the Transocean GSF Development Driller 1 semisubmersible drilling rig offshore Australia. The deal, a continuation of previous work for Quadrant Energy, begins in Mar
SeaRoc Group has been awarded a variation to provide detailed geographic information system (GIS) seabed analysis for E.ON Humber Gateway offshore wind farm. E.ON requested the variation to receive more detailed information about the seabed condition as a whole and at detailed locations through the
