Operations & Maintenance
Seabased launches fundraising campaign
Swedish-based wave energy developer, Seabased, is looking to raise capital to fund its operations by inviting the existing shareholders and external investors to subscribe for new shares.
VIDEO: SINN Power wave energy converter
SINN Power, a German-based wave energy developer, has constructed and tested its wave energy converter based on modular design.
Rix and Boston Energy Form Offshore Wind Joint Venture
JR Rix & Sons Ltd and Boston Energy have formed a joint venture, BostonRix Wind Ltd, to offer a set of integrated services to offshore wind developers and OEMs. JR Rix & Sons Ltd is the parent company of the Humber-based wind farm support vessel owner and operator Rix Sea Shuttle, and the East Yorks
Aker Solutions and ABB in Subsea Alliance
Aker Solutions and ABB have joined forces to develop new oil and gas production solutions. The cooperation will integrate Aker Solutions’ subsea capabilities and ABB’s subsea power and automation system expertise. Reportedly, this partnership will deliver solutions that will enhance how production e
Aker Solutions Picks Glassfiber Produkter for Kaombo Subsea Protection
Glassfiber Produkter has been awarded a contract from Aker Solutions as part of its Total Kaombo project in Angola. Kaombo is one of the world’s largest subsea developments, located in Block 32 about 150 kilometers off the coast of Angola. According to the company, the contract will see Glassfiber P
N-Sea Wins Galloper UXO Gig
Subsea IMR provider, N-Sea, has been awarded a new contract with Galloper Offshore Wind Farm. The contract for pre-construction unexploded ordnance (UXO) clearance works started in April 2016 and includes UXO risk management, target investigations and clearance on the Galloper Wind Farm, off the coa
Polarcus Posts Profit Hike
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
Xodus Inks Employers Representative Deal with SSE
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
Harkand Loses Two Vessels
Nordic Trustee ASA and Harkand Finance Inc. have exercised their rights to terminate the internal bareboat charters for the dive support vessels Harkand Da Vinci and Harkand Atlantis. The two vessels were scheduled to deliver subsea support services for Maersk Oil’s Flyndre development. Nordic Trust
BP Extends Operating Life of Ula Oil Export Pipeline
BP has received consent to extend the operating life of the Ula oil export pipeline. BP Norge (BP) is the operator of the Ula field, located in the southern North Sea. It is located in about 70 meters of water, and consists of three conventional steel facilities. The oil from Ula is transported to T
Reach Subsea in Charter Overhaul, Solstad and Rederi Become Shareholders
Norwegian contractor Reach Subsea said it has agreed on restructuring of its charter agreements with Solstad Offshore and Østensjø Rederi, which should enable the company to move forward with market based chartering rates. As part of the restructuring Solstad Offshore and Østensjø Rederi will become
Van Oord to Install Arkona Foundations
Energy supplier E.ON has awarded the contract for the transport and installation of foundations at the Arkona offshore wind project in the German Baltic Sea to Van Oord. Van Oord will install the project’s 60 monopiles and transition piece foundations. For installing foundations at the Arkona offsho
Subsea 7 Gets Pipeline Bundle Job for Apache’s Callater
Subsea 7 has been awarded engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea, as part of the Callater field development, located 335km north east of Aberdeen. According to the company, the contract is worth between USD 50 million and USD 150 million. The wor
Sabella to retrieve D10 tidal turbine this summer
Sabella, a French-based tidal energy developer, plans to retrieve its D10 tidal turbine, deployed in Fromveur Passage, off Ushant island, this summer.