Oilfield services major Schlumberger has posted third-quarter 2016 profit of $176 million, or 13 cents per diluted share, versus $989 million, or 78 cents per diluted share same time last year. The company’s revenue fell 17 percent year-on-year to $7.16 billion, from $9 billion in the corresponding
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação, with intention of strengthening its foothold in Brazil’s oil and gas fields services market. The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected clos
Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, identification and removal projects across Belgium, the Netherlands, Germany and Scandinavia. In doing so, the two companies believe they will have the capability to offer developers, contractors a
Offshore services player Helix Energy Solutions has posted improved results in the third quarter of 2016, backed by its well intervention division. Despite revenue drop of close to 12 percent year-over-year, the Houston-based well intervention and robotics specialist generated net income of $11.5 mi
TE SubCom, a TE Connectivity company, has been named the system supply partner for the new MAREA submarine cable across the Atlantic Ocean. TE SubCom has completed the route survey and began manufacture of the system at its facility in Newington, New Hampshire. The parties are on track to begin layi
Oilfield services major Halliburton has bounced back in black in the third quarter, ended September 30, 2016, as it saw increased utilization in North America, and improved cost and working capital management. For the third quarter 2016, Halliburton reported operating income of $128 million, and cas
Technical and commercial energy consultancy, Everoze, has launched a free online portal which provides new insights on aging renewables and storage assets in the UK and France. The new site – everozeleaf.com – is designed to allow users to explore the demographics of wind, solar and energy storage a
The application of 3D printing techniques might make it possible to reduce the research and production costs for tidal energy industry.
Vroon will equip its new walk-to-work vessel VOS Start with a Barge Master Gangway. The Barge Master Gangway incorporates an access tower with an elevator, providing step-less access. The adjustable pedestal provides full flexibility in landing heights, Vroon said. “During the development of the gan
Fugro has recorded third-quarter 2016 revenue drop of some 22 percent, compared to the same time last year. The revenue drop was mostly caused by the downturn in the oil and gas services market, leaving the Dutch subsea and survey specialist with revenue of €474 million (approximately $521 million),
Norwegian energy giant Statoil has awarded the compatriot Global Maritime Consultancy & Engineering with a master services agreement (MSA). Services covered in the global agreement include platform technology studies, safety studies, marine verification, and warranty surveys. The MSA replaces severa
Norwegian energy giant Statoil has awarded the compatriot Global Maritime Consultancy & Engineering with a master services agreement (MSA). Services covered in the global agreement include platform technology studies, safety studies, marine verification, and warranty surveys. The MSA replaces severa
Ofgem has proposed lower levels for the range in revenues that the developers of the North Sea Link (NSL) can earn, which should benefit the consumers of this electricity interconnector between UK and Norway. The NSL project is one of seven new interconnectors that have been proposed to link GB with
Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. This innovation, the Elisa technology 5MW fully operational prototype, is located in the Canary Islands a
