Operations & Maintenance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 29 – March 06). Oil services company Subsea 7 has recorded a loss at the end of fourth quarter on high impairments and lower fleet activity. In the fourth quarter 2015, the Oslo-listed firm b
Fehmarn Belt Contractors in Fehmarnbelt Link Win
Femern, a subsidiary of the Danish state-owned Sund & Bælt Holding, has today announced its intention to award a contract related to the construction of a tunnel connecting Denmark and Germany to the Fehmarn Belt Contractors consortium including Boskalis. Besides Boskalis, the consortium includes Ho
RTE Looks for Surveyor for Subsea Cable Laying Projects
RTE, the electricity transmission system operator of France, has issued call for bids for subsea cable laying studies services for projects located in metropolitan France, outside France and in Europe. The studies involve marine navigation and fishing and the associated risks for energy cables. Name
Eni’s Clean Sea to Survey Mediterranean and West Africa
Clean Sea, proprietary technology designed by Eni’s research laboratories, will be used for the first time for marine environmental monitoring and offshore asset inspection in the Mediterranean region and West Africa. Clean Sea is the result of one of Eni’s most recent R&D projects, focusing on envi
Elia Seeks Subsea Survey Contractor for Project Off Belgium
Elia, Belgium’s electricity transmission system operator, has issued a tender invitation for providers of seabed survey and seasoil sampling on the East Coast of Belgium for submarine power cables and an offshore platform. Elia plans a high-voltage substation located on an offshore platform in the N
European Commission OKs Greece-TAP Agreement
The European Commission has found the Host Government Agreement between the Greek authorities and the Trans Adriatic Pipeline to be in line with EU state aid rules. The project should improve the security and diversity of EU energy supplies without unduly distorting competition in the single market.
Subsea in February
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. In February, the industry was saddened by the death of a young diver from Karmoy, who reportedly ran out of air after getting stuck underwater during maintenance
CGG Sees 2015 Loss Widen and Revenues Drop by $1 Bln
French seismic contractor, CGG, has widened its loss in 2015, despite improved quarterly results, on high impairment and non-recurring charges, and as the market slump drove the revenues down by some 32 per cent. In the fourth quarter 2015, CGG generated revenues of $589 million, down 35 per cent co
Fraunhofer IKTS Testing EKG Monitor for Offshore Turbine Foundations
Researchers at the Fraunhofer Institute for Ceramic Technologies and Systems IKTS in Dresden have successfully tested in-house developed sensor rings designed to monitor the condition of wind turbine foundations at offshore wind farms. Working together with staff from Baltic Taucher in Rostock, the
Royal Navy Discovers German Torpedo at Scapa Flow
Royal Navy bomb disposal team has found a Second World War German torpedo at Scapa Flow in the Orkneys on March 01, 2016. The torpedo was found on the seabed after a routine sonar survey on behalf of Orkney Islands Council. It was also filmed using an underwater remotely operated vehicle (ROV). Foot
Subsea 7 Axes 3600 Jobs in 2015
Oil services company Subsea 7 has recorded a loss at the end of fourth quarter on high impairments and lower fleet activity. Nevertheless, the net loss for the quarter decreased some 57 per cent to $421 million, compared to a net loss of $977 million in the prior-year quarter, considering the Q4 201
Normand Subsea to Carry On for Subsea 7
Subsea 7 has exercised its option to extend the existing Normand Subsea contract by approximately three and a half years, following renegotiation of terms and conditions, the Oslo-listed Solstad informed on Wednesday. The new contract extension will start in June 2016, with an option for Subsea 7 to
SEA-ME-WE 5 Subsea Cable Lands in France
The South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable, to be operational in the second half of 2016, landed at the submarine cable Station of la Seyne-sur-Mer, South of France. This new 20,000 km-long fiber optic cable will connect France to Singapore, serving 17 countries:
Eidesvik in Red Despite Revenue Boost
Norwegian vessel owner, Eidesvik Offshore, has narrowed its quarterly loss year-over-year on higher revenues boosted by the sale of two vessels. In the fourth quarter 2015, Eidesvik generated revenues of NOK 343,2 million, of which NOK 92,8 million goes to sale of the vessels European Supporter and