Operations & Maintenance
Kriegers Flak Sees Second Gravity Based Foundation in Place
Only a few days after the first gravity based foundation (GBF) was installed, the project team of Jan De Nul Group floated off and installed the second and even larger GBF for the offshore wind farm Kriegers Flak in Denmark. According to the company, the installation operation of this 10,000-tonnes
Solstad Farstad Books $146M Loss
Norwegian owner and operator of offshore vessels Solstad Farstad has recognized loss of 1.15 billion Norwegian Kroner (NOK) (USD 146 million) in the final quarter of 2017, up from 1,5 billion Kroner (USD 190.5 million) in the corresponding comparable period in 2016. Solstad Farstad is the result of
Scotrenewables generates over 1.5GWh of tidal power (Video)
Scotrenewables Tidal Power has informed its SR2000 tidal turbine reached over 1.5GWh of cumulative generation since last deployment.
SeaBird Cuts Quarterly Deficit; Full-Year Loss Widens
Oslo-listed SeaBird has narrowed its quarterly loss for the period ended December 31, 2017 as revenues increased close to 60 percent on higher fleet utilization. The seismic data provider for oil and gas companies posted loss of around $5.9 million or 1 cent per diluted share for the fourth quarter
DOF Subsea Narrows Q4 Loss, Ends 2017 in Red
DOF Subsea, a subsidiary of DOF Group, reported loss in the fourth quarter of 2017 of NOK 375 million ($47.6 million), compared with loss of NOK 430 million ($54.6 million) in the corresponding period in 2016. Full year result for 2017 came out negative, with net loss of NOK 273 million ($34.6 milli
Historic low offshore wind price ‘precedent’ for tidal lagoons to follow
The new, historic low, price of offshore wind can be replicated by tidal lagoon industry with the right government leadership, according to the Chairman of All-Party Parliamentary Group for Marine Energy and Tidal Lagoons Richard Graham.
Wave Hub files Pembrokeshire wave zone EIA scoping report
Wave Hub has submitted an environmental scoping report to Natural Resources Wales and the Marine Management Organisation for the Pembrokeshire Demonstration Zone (PDZ).
Vattenfall to Use HVDC for OWFs Connection to UK National Grid
Vattenfall, the Swedish energy group, plans to deploy High Voltage Direct Current (HVDC) cable technology to connect Norfolk Vanguard offshore wind farm and its sister project Norfolk Boreas to the UK National Grid. The wind farm developer said that it has made a strategic decision to back HVDC on t
Sea Power runs techno-financial wave evaluation
Irish developer Sea Power has engaged the services of both Exceedence and Wood for the techno-commercial evaluation of its wave energy system.
Dragados to Build Two Jackets for Maersk’s Tyra Redevelopment
Dragados Offshore has won a contract from Mærsk Oil and Gas for the Tyra East G & Tyra East H jackets for the ‘Tyra Future Development Project’, both to be installed in the Danish sector of the North Sea. Dragados Offshore’s scope of work includes project management, HSEQ management, procurement, co
JFD Finalizes Submarine Rescue System for Indian Navy
Following deep search and rescue vehicle (DSRV) trials, JFD said it has completed the build of the first of its two new submarine rescue systems, due to be delivered to the Indian Navy in March 2018. The completion of the build will be commemorated by a ceremony hosted by JFD and attended by senior
Eco Wave Power clocks 15,000 grid-connected hours
Israeli wave energy developer Eco Wave Power has reached 15,000 grid connection hours in its pilot wave power plant in Gibraltar – claiming it to be a new world record.
Fugro Cuts Losses
Dutch subsea and survey specialist Fugro has posted net loss of €160 million for the year 2017, against net loss of €309 million in 2016. The company’s revenue, however, fell close to 16 per cent from €1.77 billion in 2016 to €1.5 billion in 2017. Fugro’s marine division, with revenue at €947 millio
TechnipFMC Swings to Loss Despite Subsea Order Boost
TechnipFMC has reported fourth-quarter 2017 net loss of $154 million or 33 cents per diluted share. One of the industry majors has booked quarterly after-tax charges and credits of close to $245 million or 53 cents per share. This came down to adjusted earnings of 20 cents per share during Q4 2017.