Fred. Olsen Ocean has reported NOK 145 million operating revenue in the first quarter of 2018, a 60.2% slide compared to NOK 364 operating revenue in Q1 2017, attributed mainly to the underutilisation of the jack-up installation vessels Brave Tern and Bold Tern.
Spirit Energy has received consent from Petroleum Safety Authority (PSA) Norway for manned underwater operations on the Oda field. The underwater operations will be carried out by Spirit Energy’s contractor Subsea 7 using the Seven Falcon and Seven Atlantic diving support vessels. According to PSA,
The UK has once again extended the Offshore Wind Immigration Rules concession until April 2019.
Wave energy company Ocean Power Technologies (OPT) has come step closer to resolving legacy issues with the conclusion of a US Securities and Exchange Commission (SEC) investigation.
The bottom joint system that will be used to moor Minesto’s DG500 tidal energy device to the seabed off Wales has been installed onto the gravity-based foundation.
DNV GL is launching the second phase of a joint industry project (JIP) to develop a design guideline that complements current pipeline codes and standards. Phase 1 of the project has now completed and involved ShawCor LLC, McDermott, PAPE Engineering, Saipem, SVAP, Wasco, and Technip FMC. This devel
The bottom joint system that will be used to moor Minesto’s DG500 device to the seabed in Holyhead Deep, Wales has been installed onto the gravity-based foundation. The bottom joint functions as a locking mechanism between the power plant’s tether and the seabed foundation. It is also articulated in
UK-based wave energy start-up Aqua Power Technologies has introduced its new wave energy converter dubbed MANTA for remote offshore local grid installations.
European subsidiary of Australian company Bombora Wave Power has awarded a contract to hovercraft manufacturer Griffon Hoverwork for the supply of a membrane for the mWave device.
Baltic Connector has signed a contract with RTA-yhtiöt Oy for the construction work to be carried out at Inkoo compressor station. The contract covers excavation and foundation work as well as construction engineering work. “The contract with RTA-Yhtiöt Oy launches the construction work at the compr
Swedish marine energy developer Minesto has published an interview with the company’s Chief Operating Officer David Collier, where he explains the scope and process of the ‘world’s first’ low-flow tidal stream installation.
Activities on the Norther offshore wind farm have started this month with scour protection works in the North Sea. The bottom of the turbine location will be strengthened by placing large stones around the supporting structures. “This is one of the first visible activities of the construction of the
Flexlife has signed an exclusive partnership to use artificial intelligence to monitor subsea risers and structures. Flexlife will partner with Rio Analytics to use their unique Artificial Neural Network (ANN) Solutions in the Gulf of Mexico and further afield. The virtual sensors embedded within th
DOF Subsea North America been awarded a contract securing 120 days of utilization of Skandi Chieftain for seismic support operations. Skandi Chieftain, which was re-flagged under the Canadian flag in 2016, is a multi-purpose vessel operated by DOF Subsea Canada. The North America division just recen
