Operations & Maintenance
Hydrex Patches up Tanker in Spain
Hydrex has performed a permanent insert repair on a 175-meter tanker after it suffered cavitation damage to the inside shell plating of one of its ballast water tanks. The Hydrex team sailed with a workboat and all necessary equipment to the ship which lay at anchorage in Algeciras. The divers start
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 22 – February 28). Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. The company
Maersk Connector Docks in UK for Carousel Setup
DeepOcean has welcomed its advanced cable installation vessel to North East England for the mobilisation of specialist cable handling equipment for projects in the offshore renewables and subsea interconnector sectors. Operated by Darlington-based DeepOcean on a long-term charter from its owners Mae
Hull’s Booming Renewables Industry Attracts New Players
Hull-based marine consultants McAusland & Turner has formed a new venture, MCT Offshore, in response to the recent local investments by major global players in the renewables industry and the recent downturn in oil prices. The new venture will focus on both the offshore and renewables sectors provid
CT Offshore Completes Gode Wind Cabling
CT Offshore has finalised the installation of the last inter-array cable on DONG Energy’s Gode Wind 2+1 offshore wind farm in the German part of the North Sea. “The cable installation was successfully completed through good team work with the entire project team, including our clients DONG Energy. G
SeaBird Shrinks Loss
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has narrowed its net loss in the fourth quarter, as the company continues implementation of cost cutting measures in order to adapt to weak seismic demand. SeaBird posted net loss of $6.5 million for the fourth quarter of 2015,
Fugro Suffers $410 Mln Loss, Announces Further Cuts
Dutch subsea and survey specialist, Fugro, has ended the year 2015 with a loss of €372.5 million ($410.4 million) as the oil and gas market slump continues to drive revenues down and stress offshore services players. The company managed to narrow the loss of €459 million ($505.7 million) from last y
GAS to Support Chirag Oil Project Off Azerbaijan
GAS Azerbaijan branch has been appointed to perform survey and positioning support activities for the Chirag Oil Project (COP) 2016, as part of the frame agreement awarded by Saipem for the provision of survey services in Azerbaijan until the end of 2017. The scope of work concerns the laying of 8.3
Magseis Loss Grows
Norwegian ocean bottom seismic specialist, Magseis, has reported net loss of USD 11 million or USD 0.37 per share in the fourth quarter 2015, compared to USD 4.1 million (0.15) net loss year-on-year, and net loss of USD 0.3 million during Q3 2015. The Oslo-listed company has seen its revenue drop to
Polarcus Wins More Work
Polarcus has received multiple awards which together extend the fleet backlog by six vessel months, the Oslo-listed company said on Friday. The projects will be carried out by multiple Polarcus vessels and start in Q1 and Q2 2016. Duncan Eley, Polarcus COO, said: “Two of the awards are extensions of
Norfolk Marine, Geomara Team Up
Norfolk Marine and Geomara have signed a cooperation agreement to work together to provide a range of interrelated maritime services. The agreement should bring together Norfolk Marine’s experience as a specialist marine contractor operating vessels, dive teams and Inspection class ROV’s with Geomar
Statoil Hits Gas Near Oseberg South
Statoil, operator of production licence 104, has completed drilling of wildcat well 30/9-28 S, located about 5.5 kilometres west of the Oseberg South field in the central part of the North Sea and 140 kilometres west of Bergen. The well encountered an approx. 20-metre gas column, of which 10 metres
EMO Monitoring System for Cape Sharp Tidal Project
EMO Marine Technologies of Dartmouth, Nova Scotia has been awarded a contract with Open Hydro for the Cape Sharp Tidal project. OpenHydro, a DCNS company, has partnered with Emera to create the Cape Sharp Tidal project. The Cape Sharp Tidal project will deploy a fully connected 4MW tidal array of in
Rem Sinks on Impairment
Norway’s Rem Offshore has posted forth-quarter 2015 net loss of NOK 161.1 million ($18.7 million), compared to profit of NOK 25.4 million or $3 million in a year-ago period. In the fourth quarter, Rem recorded operating revenue of NOK 289.3 million compared to NOK 392.5 million in Q4 2014. Full-year