NSRI Moves to Branch Out with New Board Members
The National Subsea Research Initiative (NSRI) has elected two new board members as it looks to expand its capabilities in the growing renewables, mining, defence and aquaculture sectors. Following a strategic review, NSRI identified the need to restructure in order to reflect the global energy transition. Although still heavily focused on the […]
RED Engineering Delivers for TechnipFMC
RED Engineering said it has developed new clamp technology to improve subsea well intervention operations. The two, first of a kind modular subsea clamps have been delivered to TechnipFMC for operation from the well intervention vessel, Island Constructor. The modular design will allow TechnipFMC the capacity of the clamps to be adjusted […]
Statoil Gets Green Light for Heidrun Pipeline Works
Statoil has been granted consent by Petroleum Safety Authority (PSA) Norway to use a replacement pipeline between Heidrun and subsea structure E on the Heidrun field. The replacement of the Heidrun P-E pipeline is part of a project to develop and extend the life of Heidrun Nordflanken by 20 years. The new […]
TechnipFMC Back in Black with Q1 EPS of $0.20
TechnipFMC has reported first-quarter 2018 profit of $95 million or 20 cents per diluted share. The services major has bounced back in black compared to net loss of close to $19 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Revenues for the quarter were […]
University of Limerick Utilizes Forum ROV for Marine Energy Research
Forum Energy Technologies has delivered a remotely operated vehicle (ROV) to the University of Limerick (UL) to support its research into subsea inspection and intervention campaigns on renewable energy sector infrastructure. Designed and manufactured in-house at Forum’s Kirkbymoorside Yorkshire facility, the Comanche 2,000-meter observation class ROV was officially launched at the docks in Limerick City […]
Minesto Wraps Up First Deep Green Installation Phase
Minesto has completed the first offshore installation phase of the project aimed at demonstrating Minesto’s marine energy technology Deep Green in utility scale. The gravity-based structure, including the bottom joint system that moors Minesto’s DG500 power plant to the foundation, has been installed at the seabed in the Holyhead Deep off North […]
Deltares Delivers Borssele Substations Scour Protection Design
Deltares has worked with HSM Offshore on the updating of the scour protection design for the Borssele Alpha & Beta offshore high-voltage substation (OHVS) platforms that connect the wind farms in the Borssele Wind Farm Zone (Netherlands) to the grid. Deltares performed model tests in 2016 to investigate scour development and conceptual […]
Equinix and Telxius Partner on Next-Gen Cable Landing Stations
Equinix and Telxius are working together on U.S. facilities and services for the next-generation cable landing station architecture for the MAREA and BRUSA cable systems. The two subsea cables will terminate in the U.S. directly into the MAREA and BRUSA cable landing station located in Virginia Beach, VA, and the capacity will extend the backhaul […]
NCP Subsea Cable Goes Live
The New Cross Pacific subsea cable is now live, delivering lowest-latency direct network connection between the U.S. and Asia, Flexential, a provider of hybrid IT data center solutions informed. The cable terminates in Flexential’s Brookwood data center in Hillsboro, Ore. Developed by a consortium of seven member companies including an American multinational technology company and six […]
TGS Sees Revenues Doubled | Subsea World News
Geophysical contractor TGS has posted first-quarter 2018 net profit of $13 million, compared to profit of $1.5 million in the same period in 2017. This comes down to quarterly earnings per share (fully diluted) of $0.13, against $0.02 profit per share same time last year. The Oslo-listed firm generated revenues of $134 […]