Marine technology firm OTAQ Offshore has won a contract and exclusive supply deal with Unique Group for a number of seabed landers. The Aberdeen-based company will design and build the observation platforms in collaboration with Unique Group. Commonly used to record physical, chemical and biological
Geoscience company CGG has recently renewed and expanded its contract to power all its operating sites in the UK with renewable energy. CGG is also one of the early adopters of renewable energy sources for its UK operations, making a switch eight years ago. The company has evaluated the green creden
Xerox company PARC has secured a contract from the Defense Advanced Research Projects Agency (DARPA) for the next development phase in the Ocean of Things, a project to expand what scientists know about the seas. Initially announced by DARPA in 2017, the Ocean of Things project is deploying small, l
The installation of the MAATS cable lay equipment onboard the cable-laying vessel (CLV) Nexans Aurora has commenced. On 14 October, MAATS and Marine Fabricators installation team arrived at the Ulstein Verft shipyard to begin the installation, which kicked off with the two lay wheels being fitted at
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
The North of Tyne Combined Authority (NTCA) and the Offshore Renewable Energy (ORE) Catapult have launched a new £3.5 million programme for innovations in the offshore wind and subsea sectors. The Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is targeting supply
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
Helix Energy Solutions saw its profit and revenues drop in the third quarter of 2020 compared to the same period last year.
NKT has repaired the Skagerrak 1 and 2 cable systems between Norway and Denmark. The national power grids between Denmark and Norway connect through four HVDC-links crossing the Skagerrak strait. Combined they have the capability to carry 1,700 MW of energy between the two countries. Following the d
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Alcatel Submarine Networks, part of Nokia, has won the Eastern Arctic Undersea Fiber Optic Network (EAUFON) contract. This contract, funded by the Kativik Regional Government, (KRG), a supramunicipal body with jurisdiction over the territory of Québec, will connect five communities in northern Québe
Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same per
Vineyard Wind has partnered with Woods Hole Group to carry out current and tidal monitoring at its planned 800 MW offshore wind project in Massachusetts. The parties deployed the current measuring and turbidity monitoring devices along the project’s export cable corridor to gain insight and data tha
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
