Operations & Maintenance
Aker Solutions Books Lower Quarterly Profit
Aker Solutions has reported a net income of NOK 169 million, or NOK 0.37 in the third quarter 2016 versus net income of NOK 220 million, or 0.75 NOK a year earlier. Revenue declined to NOK 6 billion in the quarter from NOK 7.5 billion a year earlier amid a market slowdown. In Subsea segment Aker [&h
WindEurope: Sweden Should Rethink Its Offshore Wind Policy
Sweden’s cross-party Energy Commission has recently agreed that Sweden should increase its renewables output by 18TWh a year toward 2030, though it stopped short of recommending any major reform of the current certificate scheme, according to WindEurope. The country’s joint certificate scheme with N
Statkraft Starts Preparing Offshore Wind Exit
Norway’s Statkraft has started preparations for the divestment of its offshore wind assets which include the company’s shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects in the UK. A divestment of all shares in Sheringham Shoal requires
Javelin to Build Another Offshore Services Vessel for Braveheart
Braveheart Shipping has assigned Javelin International to build the Javelin 25.25, big sister of the Javelin 22.22, delivered in 2012. With this vessel, Braveheart aims to further expand its offshore services in the area of crew tendering, hydrographic and seismological research and survey activitie
Offshore Energy Exhibition & Conference 2016: Where Renewables Met Oil & Gas
With 667 exhibitors, 25,000m² floor space and visitors representing 99 nationalities, Offshore Energy Exhibition & Conference 2016 (OEEC) was not only a great success, the event also grew compared to last year. A great achievement in the current offshore energy market. 11,989 people came to Amsterda
Polarcus Slips into Red
Seismic contractor, Polarcus has posted quarterly loss as its revenues declined over 50 percent when compared to same time last year. The Oslo-listed company reported net loss for the quarter of $17.4 million or $0.03 per share, versus profit of $19.8 million in Q3 2015. During first nine months of
PGS Cuts Down Q3 Loss
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a slight decline in revenue during the third quarter of 2016. The Oslo-listed seismic player, posted quarterly net loss of $29 million or 12 cents per share, compared with $110 million net loss or 51 cents per share in the cor
Wiking Gets First Airbus Offshore Chopper
German offshore flight specialist Wiking Helikopter Service GmbH has taken delivery of the first of two Airbus H145 helicopters configured for offshore use. The two helicopters will be used to drop off harbour pilots, fly air rescue missions over the North Sea, and transport service technicians to o
Technip Increases Q3 Profit and Full-Year Target
French oil services provider, Technip, has boosted its third quarter 2016 result as it continues its cost reduction plan due to extended oil industry slowdown. In the second quarter 2016, Paris-based subsea major generated adjusted revenue of €2.9 billion, down some 6% compared to €3.1 billion in 3Q
#OEECLive: The Answer, My Friend, Is Blowin’ in the Wind
As previously announced, readers/viewers of Offshore WIND on Wednesday had a chance to follow a live stream of the on-air talk show themed “From bust to boom,” recorded on the exhibition floor of the Offshore Energy Exhibition and Conference, being held in Amsterdam, the Netherlands. The session had
OEECLive: Watch Two Live Streams on Wednesday!
Offshore WIND crew are at the Offshore Energy Exhibition and Conference in Amsterdam, the Netherlands. On the second and final day of the event, we will be live streaming two talk shows from Community Square at the exhibition floor. First up is a talk show themed “From bust to boom” where there will
OEEC: Subsea Processing and Infrastructure Technical Session
This year’s Offshore Energy Exhibition and Conference (OEEC) being held in Amsterdam has provided another successful technical session on Subsea Processing. The session, moderated by Pieter Swart, Subsea Pipeline Principal, Shell Projects & Technology, discussed the latest developments in subsea and
Iberdrola’s Renewables Unit Posts Weaker Results
Spanish energy company Iberdrola’s renewables division recorded a gross operating profit (EBITDA) of EUR 1.14 billion in the first nine months of 2016, down 3.3% compared to the first nine months of 2015, due to the poorer performance and the exchange rate effect in the United Kingdom. The company’s
SeaPlanner Eyes Southeast Asian Offshore Wind Market
UK based company, SeaPlanner Ltd, is to launch an international tender for businesses in the South East Asia offshore wind market interested in entering a reseller agreement for the company’s marine management software solution – SeaPlanner. SeaPlanner is a management and monitoring system which has