Offshore EPCI player, McDermott, has reported second quarter 2015 net income of $11.5 million, or $0.04 per fully diluted share compared to a net loss of $7.4 million, or $0.03 per diluted share, in the prior-year quarter. Net of restructuring charges and one-time losses on the impairment and dispos
Through the combined effort of the Sustainable Energy Authority of Ireland (SEAI), the Marine Institute and Commissioners of Irish Lights, the final piece of of the Galway Bay’s underwater ocean observatory equipment has been deployed. The ocean observatory will enable researchers and ocean energy d
Schlumberger has launched a new survey in the Campeche Basin expanding its Gulf of Mexico multiclient wide-azimuth seismic data portfolio. According to the company, the acquisition of the industry’s first multiclient wide-azimuth survey offshore Mexico will cover 80,000 sq km using two fleets of Wes
U.S. Senator Bob Menendez and Congressman Frank Pallone, Jr. have sent a letter to the National Oceanic and Atmospheric Administration (NOAA) with Senator Robert Menendez in opposition to proposed oil and gas geophysical survey activity, including seismic testing, in the Atlantic Ocean. According to
The University of St Andrews’ Sea Mammal Research Unit (SMRU), SMRU Consulting, Natural Resources Wales (NRW) and the Scottish Association for Marine Science (SAMS) have published a new guidance on marine mammal surveying requirements at energy sites in Wales. Marine mammals are potentially at risk
Wave for Energy, an Italian wave energy developer, has deployed ISWEC wave energy device off Pantelleria island, Italy. ISWEC (Inertial Sea Wave Energy Converter) device has been successfully deployed on August 8, after several delays starting from March this year. Tidal Energy Today spoke to Paolo
Oceaneering’s UK subsidiary has, on August 7, completed the acquisition of a minority equity interest in Viper Subsea Technology. Viper Subsea was established in 2007 by Neil Douglas and Max Nodder. The company designs and supplies hydraulic, chemical, and electrical subsea distribution systems and
Columbia Power Technologies, an Oregon-based wave energy developer, has designed a wave power system that captures energy from passing waves and produces electricity on-board the device. Columbia Power’s StingRAY wave power system uses the floats and spar that independently react to the shape of the
Scour Prevention Systems Ltd has developed a scour prevention mat based on recycled car tyres, which was trialed on a wind farm off the Norfolk coast and then used in a recent major North Sea project. The scour prevention mat uses end-of-life tyres fastened together to make matrixes, used in single
Tekmar Energy has marked a major milestone after its TekTube system was installed for the first time on an offshore project. Namely, the TekTube cable protection system was successfully installed on Westermeerwind near-shore wind farm in the Netherlands. Tekmar supplied cable installation contractor
Ocean Sonics, a Nova Scotia-based designer and manufacturer of digital hydrophones, expects to install its sensoring equipment in the following months for Cape Sharp Tidal project located in the Bay of Fundy, Nova Scotia. As reported earlier, Cape Sharp Tidal, a joint venture formed by Emera and Ope
A team of researchers, lead by Paul G. Allen, has successfully recovered the bell of the battle-cruiser HMS Hood, sunk in 1941 during World War II. Once restored, the bell will serve as a tangible and fitting memorial for the 1,415 lives lost when the Bismarck sunk the ship in the North Atlantic. Th
SMD have now completed their first deliverable for the ¡VAMOS! (Viable Alternative Mine Operating System) project. The consortium made up of 17 project partners, is now progressing to deliver a number of spec documents as well as a project manual. ¡VAMOS! is a 42-month research & development project
Subsea World News has put together a recap of the most interesting articles from the previous week (August 03 – August 09). Fugro has announced further headcount reduction of 200 employees in the coming half year, in particular in the Subsea Services and Geotechnical divisions as it anticipates an e
