Latest energy report – Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles (AUV) in the Energy Market 2011-2021 – examines in depth one of the most powerful and exciting areas in the offshore oil and gas industry; an industry which is seeing a profound movement towards deep sea devel
Endeavour International Corporation reported full year 2010 net income, as adjusted of $57.4 million compared to $41.1 million for 2009. Adjusted EBITDA for the full year was $124.8 million compared to $64.6 million last year. “During 2010 and to date, we have successfully launched an onshore drilli
Ocean Power Technologies has begun sea trials of the PB150 PowerBuoy 33 miles off the coast of Invergordon, Scotland. (theglobalherald) [mappress] Source: theglobalherald, March 02, 2011
Subsea 7 S.A. announced the publication of the following documents relating to fiscal year 2010, which ended on November 30, 2010: 2010 Annual Report and Financial Statements 2010 Annual Report on Form 20-F 2010 Annual Accounts for the Luxembourg holding Company The Company advises that the 20
McDermott International, Inc. , announced that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and construction projects ranging from installation, through to full EPCI work, as part of our $2 billion of fourth qu
Nylacast are pleased to have exhibited at this years Subsea Tieback 2011 held in San Antonio, Texas, USA… [mappress] Source: nylacast ,March 02, 2011;
Papua New Guinea’s government is being criticised for approving the world’s first deep-sea mine. Nautilus Minerals, of Canada, was awarded a licence in January to extract gold and copper from the floor of the Bismarck Sea, about 50 kilometres north of Rabaul. The project’s environmental impact state
Cal Dive International, Inc. reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. The 2010 net loss includes $302.5 million ($3.32 per diluted share) in non-cash impairment charges
The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding fact
During 30 years as a commercial diver Bob Durrant was often intrigued by the impact discarded car tyres had on the seabed. So instead of retiring, he launched a company to investigate whether linked tyres could prevent sand scouring which causes problems for turbines, cables and other subsea structu
FMC Technologies, Inc. announced that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the
This frame agreement will allow Technocean AS, a subsidiary of Reef Subsea AS, to act as a partner to Technip Norway and other Technip Group companies for subsea services in the NCS (both Norway and UK) and Canada according to pre-agreed terms. Technocean will perform its commitments calling on its
Infinera has been selected by MedNautilus to upgrade its subsea network for the speed of deployment and scalability of the Infinera submarine solution. MedNautilus, the Mediterranean operations of the Telecom Italia Sparkle Group and the first and only protected submarine ring-configured backbone in
The EPIC project with Statoil, an internationally renowned energy company, is worth approximately US$41 million and will involve EMAS AMC supplying and installing 55km of power cables along with associated terminations and ancillaries for the Gudrun field in the North Sea. State-of-the-art multipurp
