Orca Oceanic Systems Welcomes New BD Director

Orca Oceanic Systems (OOS) has appointed Stuart Forsyth as its new business development director. Forsyth takes on his new role to spearhead the growth of OOS as he brings with him more than 20 years of experience in the oil and gas industry encompassing both technical and commercial roles. “I am excited […]

Polarcus Posts Shrinking Losses, Growing Sales in 2019

Marine seismic player Polarcus has cut its deficit in 2019 as improved market boosted the company’s revenues by 44 percent against 2018. The Oslo-listed company reported loss for the 2019 of $10 million, on revenues of $290.6 million, versus loss of close to $32 million and revenues of $202.2 million in 2018. […]

Guardian Geomatics Joins Australia’s HIPP

Guardian Geomatics has been appointed to Australia’s Hydroscheme Industry Partnership Program (HIPP). Guardian Geomatics will spend the next four years working alongside six industry leaders, acquiring and processing hydrographic, oceanographic and marine environmental data. The data acquired by the HIPP panelists will be used to produce digital charts of the Australian seafloor. […]

Ørsted Hails First Borssele 1 & 2 Inter-Array Link

Danish developer Ørsted has seen the first inter-array cable set up at its Borssele 1 & 2 offshore wind complex in the Netherlands. Borssele 1 and 2 are located around 23 kilometers off the Dutch coast in 14 to 36 meters of water. The dutch offshore contractor Van Oord is responsible for […]

Maersk Decom Gets Tullow Oil Contract

Maersk Decom has received a contract to provide complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania. This is the first project where Maersk Decom will provide an end-to-end plugging and abandonment solution under one single contract, the company said. The solution bundles project management, engineering and planning with the execution […]

Porthos Taps MAN Energy Solutions for Dutch North Sea CCS Project

MAN Energy Solutions has been selected to take part in the Port of Rotterdam CO₂ Transport Hub & Offshore Storage (Porthos) project. The Port of Rotterdam, Gasunie and EBN are jointly preparing a new project in which CO₂ generated by industry in Rotterdam’s port area is captured and stored in empty gas fields deep in […]

Porthos Taps MAN Energy Solutions for North Sea CCS Project

MAN Energy Solutions has been selected to take part in the Port of Rotterdam CO₂ Transport Hub & Offshore Storage (Porthos) project. The Port of Rotterdam, Gasunie and EBN are jointly preparing a new project in which CO₂ generated by industry in Rotterdam’s port area is captured and stored in empty gas fields deep in […]

TechnipFMC Books $2.4B Loss | Subsea World News

TechnipFMC has reported fourth-quarter 2019 loss of $2.4 million or $5.40 per diluted share. The services major has seen the results affected by after-tax charges and credits totaling $2.43 million of expense, or $5.43 per diluted share. TechnipFMC warned the market on impairment impact prior to releasing its earnings results. Impairment and other charges were […]

OceanGate and NASA Team Up on New Carbon Fiber Pressure Vessel

OceanGate and NASA have entered into an agreement to collaborate in the development, manufacturing and testing of a new carbon fiber pressure vessel. NASA’s Marshall Space Flight Center in Huntsville, Alabama, will serve as the facility where the development and manufacturing of a new aerospace-grade hull is completed. This design effort is […]