RED Engineering has developed new monitoring technology to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Beatrice Offshore Wind Farm project in the Moray Firth, Scotland. The development by the North East-based firm of engineers features re
L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro, has secured an offshore contract from Oil & Natural Gas Corporation (ONGC) for the transportation and installation on Daman Development Project. The contract encompasses total engineering, procurement, construction, install
Ryecroft Glenton Corporate Finance and Square One Law have advised on the sale of Lift-Rite Group to Benbecula Subsea Services, a business led by Ally MacDonald, former CEO of Wellstream and MD of Technip Umbilicals and current chairman of Tekmar Energy. Lift-Rite Group, which is based in Wallsend,
Houston-based oilfield products company Forum Energy Technologies has said it expects third quarter revenue of approximately $200 million and a net loss of approximately $0.20 per diluted share in the third quarter 2017. Excluding approximately $0.10 per share of special items for taxes, restructuri
James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons, is embarking on its 80th decommissioning/salvage job in the Gulf of Mexico. The platform was destroyed during Hurricane Ike in 2008. The region has been hard-hit by hurricanes in the past decade and the recent extreme weather sa
Global Marine Group (GMG) has entered into an agreement to acquire Fugro’s trenching and cable lay services business. The purchase consideration, valued at approximately $73 million, consists of the issuance to a subsidiary of Fugro of a 23.6% equity interest in Global Marine Holdings, valued at US$
We’re bringing you a short summary of the key messages delivered during Marine Energy Event, held on Wednesday as part of Offshore Energy Exhibition & Conference (OEEC) 2017. The key messages were presented by seven speakers of the Marine Energy Event after a day full of interesting discussions and
Baker Hughes, a GE company, reportedly held talks with the London-based offshore engineering, construction and services player Subsea 7 about a possible acquisition. According to Wall Street Journal, people familiar with the matter said that talks between the two companies recently broke down over p
Nautilus Minerals has entered into a Funding Mandate Agreement with Deep Sea Mining Finance (DSMF). DSMF will seek to leverage the international expertise and financial relationships of Nautilus’ two major shareholders to assist in advancing the development of the company’s Solwara 1 Project. As pre
ABPmer supported by THA Aquatic, has been commissioned to undertake a detailed Habitats Regulations Assessment (HRA) of the proposed tidal lagoon safeguarding policy within the Welsh Government Marine Plan, focusing on fish and marine habitats. The Welsh Government is developing the first national M
WavEC Offshore Renewables, Sines Tecnopolo, APS (Ports of Sines and the Algarve Authority) and Teamwork Technology, supported by DMEC – Dutch Marine Energy Centre, will sign a Letter of Intent on October 11, 2017, to formally set up a sea testing facility. The signing ceremony will take place in Cen
James Fisher Subsea Excavation (JFSE) said it has recently completed a North Sea pipeline deburial project in just a single pass. The team deployed the T4000 tool at a depth of 85 meters for the deburial of a pipeline which had originally been protected by rock dump and natural backfill. The reason
Aberdeen-based well engineering and project management company Zenith Energy has marked five years in business by opening new bases across the globe to meet growing demand. The specialist firm, which provides a range of services to the oil and gas sector within the UK and internationally through its
AeroVironment, an unmanned aircraft systems (UAS) provider for military and commercial applications, has won a contract from the US Navy for continuation and expansion of its Blackwing small Unmanned Aerial Vehicles (UAV) program. The contract includes orders for multiple Blackwing vehicles, sensor
