Houston Mechatronics upgrades its electric subsea transformer

Ocean robotics firm Houston Mechatronics Inc. (HMI) has developed the Aquanaut Mk II all-electric subsea transforming AUV/ROV, Triumph Subsea Services reports. Courtesy: Triumph Subsea Services HMI’s Aquanaut is a multipurpose subsea robot which employs a shape-shifting transformation from an autonomous underwater vehicle … Read More

Mermaid recognises three consecutive years of losses

Subsea services provider Mermaid has reported loss for the third consecutive year, this time of close to $110 million for the twelve months of 2020. This result compares with loss of some $24 million in 2019. The Singapore-listed company generated … Read More

Falcon ROV detecting hazardous substances off Turkey

MOST Maritime has acquired Saab Seaeye Falcon remotely operated vehicle to assist in detection of hazardous substances in waters offshore Turkey. Turkish firm provides global emergency response services for petroleum as well as other harmful substance spills in the sea … Read More

Oceaneering narrows loss in fourth quarter

Subsea engineering specialist Oceaneering has narrowed its loss in the fourth quarter of 2020, despite revenue drop of close to 25 per cent. The Houston-based company has reported a net loss of $25 million on revenue of $424 million for … Read More

3D at Depth enters geophysical survey arena

3D at Depth has launched its offshore geophysical survey services division. The new division will provide surveys to support both nearshore, inshore, and offshore deepwater development activities focused in the areas of offshore wind farms, pipeline routes, environmental site surveys, … Read More

Fugro targets more offshore wind after red numbers in 2020

Dutch subsea and survey specialist Fugro has seen its loss almost doubled in 2020 with revenues down some 12 per cent due to the impact of Covid-19 and the downturn in oil and gas. The company recognised net loss of … Read More

Marine seismic industry exploring energy transition arena

As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine … Read More

Green light for manned subsea ops off Norway

Norwegian offshore safety watchdog PSA has granted consent for manned underwater operations in 2021 to Vår Energi, Equinor, Gassco and Aker BP. Equinor has signed framework agreements with TechnipFMC and Subsea 7 for the performance of manned underwater operations in … Read More

Eserv aims expansion into Subsea market

Aberdeen-based 3D technology specialist Eserv is investing a six-figure sum into the research and development of new capabilities to allow them to expand into the subsea sector. Eserv’s decision to drive the business into new sectors comes on the heels … Read More

TechnipFMC separation to take place this month

TechnipFMC said on Thursday it plans to wrap up its separation into two independent, publicly traded companies later this month. Namely, the last day of trading of TechnipFMC shares that include the right to receive Technip Energies shares on the … Read More