Engineering News

 

Oceaneering Execs Agree to Pay Cuts

May 04, 2020

Offshore engineering services company Oceaneering has said its board has approved voluntary base salary reductions of the executive management team and other members of senior management, effective as of May 1, 2020.Oceaneering explained the…

Aker Solutions' 2020 Revenue to Fall 30%

Apr 30, 2020

Aker Solutions expects its revenue to fall by 30% this year, driven down by the impact from the COVID-19 pandemic and the crash in oil prices, and plans to respond with further cost-cutting, the Norwegian oil services company said.'The depth and scale of the decline is still unclear…

Aker Solutions' Carbon-capture Tech Gets Green Light

Apr 29, 2020

Norwegian engineering company Aker Solutions has had its carbon-capture technology approved for use at Norcem's cement plant in Brevik, it said on Wednesday.Carbon capture and storage (CCS) is widely viewed as a crucial technology to achieve emission reductions from the likes of the cement industry…

Ocean Sun's Floating Solar Tech to Get U.S. Patent

Apr 28, 2020

Norway-based Ocean Sun, a developer of floating solar technology, will be granted a new patent for the technology in the U.S.The company on Monday said: 'United States Patent and Trademark Office (USPTO) has informed Ocean Sun that a new patent will be granted in May 2020…

We Can Withstand Drop in Activity, Archer CEO Says as Refinancing Complete

Apr 28, 2020

Oilfield services company Archer has completed the refinancing of the company, and said new financing agreement provided 'robust financial foundation.'The Oslo-listed company has come out with available liquidity of more than $90 million and without major debt maturities until late 2023…

Spider-like Robot to Change Offshore Wind Blade IMR Game

Apr 28, 2020

A spider-like robot designed for inspection, maintenance, and repair of offshore wind turbine blades has successfully passed its turbine walking test.During the trials, which took place in early March at the Offshore Renewable Energy (ORE) Catapult’s National Renewable Energy Centre in Blyth…

Parkwind, Bladt Sign Substation Deal for German Offshore Wind Farm

Apr 27, 2020

Belgium-based offshore wind farm developer Parkwind and Danish offshore construction company Bladt have signed a deal to build a substation for the Arcadis Ost 1 offshore wind project in the German Baltic SeaThe platform will be jointly developed and will be jointly operated with 50Hertz…

Johan Castberg FPSO Turret Mooring System Complete

Apr 27, 2020

Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the Barents Sea, offshore Norway.The modules will…

Malaysia Calls for Peaceful End to South China Sea Standoff

Apr 23, 2020

Malaysia called on Thursday for disputes over the South China Sea to be resolved by peaceful means, amid a standoff between Chinese and Malaysian vessels that a U.S. think tank said had been going on for months.U.S. and Australian warships arrived…

Repsol Sinopec Increases Petrofac's North Sea Workload

Apr 23, 2020

The UK-based oilfield services firm Petrofac has won more work from Repsol Sinopec Resources UK for offshore maintenance operations on oil platforms in the UK North Sea.Petrofac said Thursday it was preparing to extend its provision of operations…

Subsea 7 Scores 'Substantial' Offshore Wind Deal in Dutch North Sea

Apr 23, 2020

Offshore installation contractor Subsea 7 has won a 'substantial' contract for work on the first subsidy-free offshore wind farm in the Netherlands.The company has been tasked by Vatenfall to transport and install wind turbine monopile foundations…

New Enhanced Digital Smart Positioner

Apr 22, 2020

Rotork has introduced the new digital smart positioner which is appropriate for both control and on/off valve applications where enhanced diagnostics are required. It is ideal for highly critical applications in chemical/petrochemical processes…

Baker Hughes Posts $10B Loss

Apr 22, 2020

Oilfield firm Baker Hughes Co reported a $10 billion loss and lower-than-expected revenue in the first quarter on Wednesday as an 80% plunge in oil prices crushed demand for services and equipment.Oil futures this week turned negative for the…

'Major' North Sea Deal for Rever Offshore with Perenco

Apr 21, 2020

UK-based Rever Offshore has said it has won 'a major' contract win with Perenco the Southern North Sea.The company said the contract was a multi-million-pound one, but did not provide the exact value.According to Rever Offshore, the award is…

Norwegian Supreme Court to Hear Lawsuit Against Arctic Drilling

Apr 20, 2020

Norway's supreme court will hear a lawsuit opposing the country's Arctic oil exploration brought by Greenpeace and other environmental groups, it said on Monday, in a landmark case for Western Europe's largest oil and gas producer.The environmental…

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