Operations & Maintenance
Saipem Lands $900M Zohr Deal
Saipem and Petrobel have finalized offshore contract variations worth $900 million for engineering, procurement, construction and installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the Zohr field development project situated in the Mediterranean Sea off the Egyptian coast
Statoil Kicks Off at Byrding
Statoil and its partners have started production on the Byrding field. Byrding is an oil and gas field north of the Troll field in the North Sea, with recoverable volumes estimated at a good 11 million barrels of oil equivalent. The partners have invested around NOK 1 billion in Byrding, which is a
Tullow, Eco Atlantic Begin Orinduik Field 3D Survey
have started a 2,550 km2 seismic survey on the Orinduik Block offshore the Republic of Guyana. The survey is being conducted by Schlumberger (WesternGeco) using R/V GECO Eagle and two supporting vessels, and is expected to be completed within 50 days. Eco Atlantic holds a 40% working interest in Ori
Marine Scientists Spot Deepest Cold-Water Corals Off Ireland
A team of scientists have discovered the deepest known occurrence of a cold water coral reef known as Solenosmilia variabilis in Irish waters at depths of 1600 metres as part of a multiagency and university collaboration using video mapping with the Marine Institute’s remotely operated vehicle ROV H
First Subsea Demos Its New Cable Protection System
First Subsea has completed its first customer-witnessed open water demonstration of a new cable protection system (CPS) for offshore wind farms. The CPS protects subsea power cables as they transition from the seabed into the wind turbine structure. The First Subsea CPS is being deployed on Hornsea
Nord Stream 2 Advances to Permitting Phase in Finland
The Finnish environmental impact assessment (EIA) procedure for Nord Stream 2 was completed today after the coordinating authority, Uusimaa ELY Centre, responsible for the national procedure in Finland, provided its statement on the EIA report of the Finnish section of the planned Nord Stream 2 natu
EMGS Narrows Losses
Norwegian geophysical services company EMGS posted loss for the second-quarter 2017 of $3.6 million, improving from $11.2 million loss in the same period last year. The Oslo-listed company generated revenues of $10.6 million in the second quarter 2017, down from $15.1 million in the corresponding pe
NEMOS wraps up wave device testing in Denmark
German wave energy developer NEMOS has concluded the long-term testing program on its scaled wave energy device undertaken at Nissum Bredning site in Denmark.
PGS Cuts Deficit as Revenues Rise 31%
Norwegian seismic player, Petroleum Geo-Services (PGS), reported net loss for the second quarter ended June 30, 2017 of $32 million versus $52 million in the prior-year quarter. Basic loss was 10 cents per share, narrowed from 22 cents per share same time last year. PGS generated revenues of $240 mi
TechnipFMC Reports Q2 EPS at $0.35
TechnipFMC has reported second-quarter 2017 net income of $146.9 million and diluted earnings per share of $0.35. Excluding charges and credits, adjusted diluted earnings per share were $0.45. Total company operating profit was $439.6 million, with adjusted EBITDA at $501.3 million. Revenues for the
Oceaneering Posts Fall in Profits
Subsea engineering specialist Oceaneering has reported profit of $2.1 million, or 2 cents per share, on revenue of $515 million for the three months ended June 30, 2017. During the corresponding period in 2016, the company reported net income of $22.3 million, or $0.23 per share, on revenue of $625.
Bourbon Sets Up FLOATGEN Mooring System
Bourbon has completed the mooring installation of the first floating wind turbine in France for Ecole Centrale de Nantes (ECN) as part of the European project FLOATGEN at the SEM-REV experimental test site, off Le Croisic. FLOATGEN is a wind turbine with concrete float designed by Ideol and currentl
HACE scores €850K to build full-scale wave device
French wave energy company Hydro Air Concept Energie (HACE) has reportedly raised €850,000 to build a full-scale wave energy device.
Historic England to examine impacts of tidal lagoons
Public body in charge of England’s historic environment Historic England has hired a research into the implications of an anticipated strategic program of tidal lagoon developments in the UK on the English waters.