Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Exclud
Island Offshore vessel Island Victory is working for Ocean Installer in the Barents Sea installing two subsea frames at the Askeladd field. This is so far the heaviest lift by an Island Offshore vessel, with a load of 175.2 tonnes in the crane hook. “This is a milestone within subsea operations for
IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding. Eastern Mediterranean (EastMed) is a 1,900 kilometers long natura
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. Tec
Rever Offshore has been awarded a major contract from Perenco UK in the Southern North Sea. The contract was awarded as a part of the larger Southern Hub Area Redevelopment Project (SHARP), comprising two campaigns which will take place over the course of the next 18 months. Under the contract, Reve
UK-based subsea assets monitoring specialist C-Kore Systems has marked the deployment of its 300th subsea testing unit. This landmark event occurred for a fault-finding campaign off the north-west coast of Australia. The company, with its customer base of over 40 clients, supplies a range of tools:
Two giant pipelay vessels owned by offshore contractor Allseas are now, for the first time ever, both in Rotterdam, the Netherlands.
DeepOcean’s 150-metre-long offshore construction vessel Edda Freya has arrived at Nexans Norway’s factory in Halden to load umbilical for Equinor’s Troll Phase 3 project. The Norwegian offshore contractor will install the umbillical in the North Sea later in the summer. DeepOcean’s work scope for th
UK-based start-up backed by Royal IHC, TI Geosciences, has completed testing programme including harbour trials of its next generation seabed geotechnical drill – SWORD. Before entering the market, SWORD (sonic wireline-operated remote drill) will be set-up onto permanent vessel and start sea trials
Island Offshore’s deep water installation vessel Island Victory has secured more work in the Barents Sea this spring. The vessel has started a 60-90 days contract this month for Ocean Installer at Johan Castberg and Askeladd fields. “The vessel and its crew have already completed some heavy jobs in
JDR has completed the load out for the Gazprom’s Kirinskoye extension project at its facility in Hartlepool, UK. JDR supplied static subsea umbilicals, hydraulic and electrical flying leads. 4 off 8m and 1 off 9.2m reel lifted, transported and loaded to the vessel chartered by RusGasShelf, the EPC C
Engineering and construction specialist Subsea 7 has warned of ‘significant headwinds’ as it expects the coronavirus pandemic and sharp drop in oil prices to impact its capacity to meet 2020 guidance. Subsea 7 has therefore withdrawn its previous guidance and outlook, which saw its revenue and adjus
Classification society DNV GL has certified carbon fibre PA12 for use in thermoplastic composite pipe (TCP) for oilfield applications. The development and qualification program for the Evonik VESTAPE carbon fibre PA12 composite tape took several years to complete and is now qualified for crude oil s
Deepwater subsea operations vessel Normand Oceanic has recently arrived at Aker Solutions plant in Moss, Norway to pick up umbilicals for CNOOC’s LingShui gas field development in the South China Sea. Several risk assessment sessions have been run as part of the load out planning, jointly coordinate
