Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers. Orders in the unit fell 10% year-over-year…
Danish manufacturer of wind turbines Vestas is working towards becoming even more sustainable, as it is now striving to develop zero-waste wind turbines.'Vestas is expanding its sustainability focus beyond the positive contribution of its products to also address waste generated in the value chain…
Halliburton Co beat analysts' estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.International…
Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador,…
Italian offshore energy services provider Saipem and the Italian State Police have signed an agreement that aims to prevent and combat cyberattacks that target information and services systems of companies of special importance for the country…
Dutch offshore services firm IHC IQIP has won an order to deliver 84 jacket pile grippers for an offshore wind project.The order relates to a Taiwanese project for 21 OWF jacket foundations to be installed in 2020, IHC IQIP said earlier this week…
The geo-data specialist Fugro has been awarded a geotechnical site investigation contract for the Ten noorden van de Waddeneilanden Wind Farm Zone (TNWWFZ).The TNWWFZ, over 70km off the north coast of the Netherlands, has a total surface area…
From their base deep within a former World War II U-boat pen, Norwegian outfit, OceanTech, is developing a set of robot tools that cling to offshore structures in order to effect inspection, maintenance and repair, or IMR. Old submarine anchorages are now subsea testing and training sites…
Singapore-based offshore rig builder Keppel O&M is working on a system that will enable it to 3D print offshore grade materials, to speed up production and lower cost. The company has teamed up with local university and research and technology…
Norway's Equinor has awarded a front-end engineering (FEED) study to Aker Solutions for the electrification of the Troll B and C platforms in the North Sea from shore, with the aim to reduce CO2 emissions from the field.The contract includes an option for the engineering…
US-based lifting and rigging accessories manufacturer Crosby has completed the acquisition of offshore mooring company Feubo.The purchase includes the Feubo facility located in Hattingen, Germany that will become Crosby’s center of excellence for mooring components…
Subsea technology firm Rovco announced it has secured £5 million ($6.5 million) in new funding to support international expansion and continued development of 3D computer vision and artificial intelligence (AI) subsea technology.The funding includes a £3…
IT service provider Accucode is partnering up with RCAM Technologies, a specialist in large-scale concrete additive manufacturing, to develop large-scale, 3D printed concrete structures supporting offshore wind turbines.The partnership with Accucode comes on the heels of a grant announcement…
As drilling costs keep coming down for land-based wells in unconventional plays, offshore drillers face increased pressure to lower their costs. A key focus area: maintenance budgets for marine drilling risers. Instead of the traditional five-year…
When it comes to smooth, safe drilling, you’d be hard-pressed to argue that the blowout preventer (BOP) stack isn’t the key to the whole operation. A series of mechanisms to regulate pressure levels in a well and prevent blowouts, which could potentially endanger personnel and the environment…