Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the company’s financial and operational restructuring. In connection with the filing, ECS has received a commitment on an up to US$90 million financing facility from
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by close to 40 percent in the weak market. In the fourth quarter 2016, Eidesvik generated revenues of NOK 209 million. Revenues in the corresponding period in 2015 wer
Siemens is collaborating with US-based company SkySpecs to deploy automated drone technology for onshore and offshore wind turbine blade inspections.
Subsea 7 said it has secured a contract between $50 million and $150 million with Cooper Energy for the Sole Development Project, offshore Australia The Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km offshore Victoria, Australia. The contract scope consists
Norwegian shipowner Farstad has seen its loss widened on more than 40 percent drop in operating income and large fleet and asset impairment recognised in the fourth quarter of 2016. The company has booked quarterly loss of NOK 2.38 billion, or NOK 61 per diluted share, versus a loss of NOK 1.31 bill
JBA Consulting has signed a membership agreement with the Hull-based business development company Team Humber Marine Alliance (THMA).
Kosmos Energy, an oil and gas exploration and production company, informed that the seismic data acquisition is underway over blocks C6 and C12 offshore Mauritania. The seismic survey began in January 2017 and it’s expected to be completed during the first quarter of 2017. Kosmos holds 28% interest
Minesto has launched a tender for composite struts that will be used for its Deep Green tidal kite.
Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.
Berlin-headquartered logistics services provider Rhenus Offshore Logistics is starting up its operation of two new offshore supply bases at the ports of Great Yarmouth and Aberdeen in the UK.
GKinetic Energy is looking for partners to discuss collaborative opportunities to build and demonstrate a 250kW tidal energy device.
Norwegian offshore vessels provider, GC Rieber Shipping, has reported total profit of NOK 52.6 million in the Q4 2016, compared with a loss of NOK 400.1 million in the Q4 2015. The Oslo-listed firm generated operating income of NOK 34.5 million in the fourth quarter of 2016. This result compares wit
A group of European and American scientists have embarked on an oceanographic mission aboard the German research vessel RV Maria S. Merian to study the physical and bio-geo-chemical characterization of the Senghor Sea Mount ecosystem located to the north of the Cape Verde Archipelago. The ten-day sc
Shell Eyes More Action in European Offshore Wind The Netherlands-based oil and gas giant, Shell, is looking to get on board further projects across Europe as it aims to dive deeper into the offshore wind market. Hywind Foundations On a Roll (Photos) The Navantia-Windar team has started the roll-out
