VIDEO: Vertical-axis floating wind turbine gets funding boost
DECEMBER 14, 2018 — SeaTwirl, a Swedish company developing an innovative vertical axis wind turbine, had two items of good news on the funding front to report this week. On Wednesday, the
Offshore
Lauro takes control of Nordic American Offshore
DECEMBER 12, 2018 — The Scorpio Group is expanding beyond the tanker and bulker sectors and putting a toe into the waters of the offshore services market by taking control of niche
Esvagt eyes opportunities in the Barents Sea
DECEMBER 7, 2018 — Esbjerg, Denmark, headquartered specialist offshore service vessel operator Esvagt sees growth opportunities as a result of expected higher oil and gas production from the Barents Sea. Reserves in
GE gains ABS recognition for digital twin maintenance solution
DECEMBER 4, 2018 — GE has been awarded Service Provider recognition by classification society ABS for its SeaStream Insight solution which provides health and performance monitoring of equipment via a digital twin,
MHI Vestas Offshore Wind makes first U.S. market hire
NOVEMBER 29, 2018 — MHI Vestas Offshore Wind has appointment of Jason Folsom as National Director of Sales, U.S. He is the company’s first official hire in the U.S. market. “I have
VIDEO: Bourbon installs first Kincardine floating wind turbine
NOVEMBER 27, 2018 — Floating wind turbines will play a key role in taking offshore wind farms into deeper waters. Last month, Spain’s Cobra Energia last month started exporting energy to the
Damen designs SATV specifically tailored for U.S. offshore wind ops
NOVEMBER 26, 2018 — Damen Shipyards Group has designed a Fast Crew Supplier (FCS) 3410 service accommodation and transfer vessel (SATV) incorporating numerous design features tailored for operations in the developing offshore
Tidewater, GulfMark merger creates OSV giant
NOVEMBER 15, 2018 — Offshore services giant Tidewater Inc. (NYSE: TDW) today announced the successful completion of its merger with GulfMark Offshore, Inc., after the relevant proposals were approved by over 99%
McDermott celebrates sail away of giant production platform
NOVEMBER 15, 2018 — McDermott International, Inc. (NYSE: MDR) has hosted an event at its fabrication yard in Altamira, Tamaulipas, Mexico, celebrating the sail away of the PEMEX Exploración y Producción PB-Abkatun-A2
Tidewater reports a red ink quarter
NOVEMBER 12, 2018 — Offshore services giant Tidewater Inc. (NYSE:TDW) today reported a net loss for the three months ended September 30, 2018, of $30.9 million, or $1.16 per common share, on