Operations & Maintenance
Subsea 7 Extends with Westcon Løfteteknikk
Oil services company Subsea 7 has renewed a contract with Norwegian cranes and lifting operations specialist Westcon Løfteteknikk (WCL), adding 5 years to existing framework agreement. Over the last three years the framework agreement has seen WCL provide operation of Subsea 7’s own pool of lifting
DONG Picks SMC’s Site Technicians for Gode Wind
Specialist Marine Consultants Ltd (SMC) has been awarded a contract to supply site technicians to DONG Energy for its 582 MW Gode Wind 1 and 2 offshore wind farm. SMC and DONG Energy have been collaborating on UK offshore construction projects since 2010, but this is the first time for the UK-based
DONG Picks SMC’s Site Technicians for Gode Wind
Specialist Marine Consultants Ltd (SMC) has been awarded a contract to supply site technicians to DONG Energy for its 582 MW Gode Wind 1 and 2 offshore wind farm. SMC and DONG Energy have been collaborating on UK offshore construction projects since 2010, but this is the first time for the UK-based
WaveEL launch stalls
The launch of Waves4Power’s WaveEL wave energy buoy has been postponed due to equipment damage. After the successful installation of the WaveEL buoy at Runde site off Norway, the launch of the remaining system has been temporarily halted on Friday, February 12, 2016, due to a problem with the connec
Forsys Subsea Scoops Trestakk FEED Contract
Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A FPSO. The scope of work includes all systems and related services from the wel
Loss Widens for PGS
Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $334.6 million for the fourth quarter of 2015, compared with $93.6 million loss in the corresponding period in 2014. In the fourth quarter of 2015, the company generated revenues of $229.3 million, down some 47 percent,
Ghana presses ahead with wave energy
TC’s Energy of Ghana and Seabased Africa signed a second commercial order for a further 5 MW development of the wave power plant at Ada Estuary, Ghana. The turnkey wave power plant will be produced in Seabased’s factory in Lysekil, Sweden, and be based on the new, larger S 2,7 wave energy converter
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 08 – February 13). Aker Solutions will temporary reduce wages of its Norwegian maintenance, modifications and operations (MMO) employees, the company said Thursday. Starting in March, senior
WaveEL wave energy device hits water
Waves4Power, a Sweden-based wave energy developer, is currently installing its WaveEL wave energy buoy at Runde test site off Norway. WaveEL buoy, together with its anchors, has already been deployed at Runde test site, with the connection hub and cables expected to be installed this evening, Waves4
Spectrum Ends 2015 in Loss
Norwegian multi-client seismic data specialist, Spectrum, has remained in red in the fourth quarter of 2015 after booking a net loss in the prior quarter on significant revenue drop. The Oslo-listed company reported fourth-quarter net loss of USD 5.5 million on revenue of USD 42.0 million, versus ne
Aker Solutions Swings to Loss
Aker Solutions has booked a net loss of NOK 250 million in the fourth quarter 2015 versus net income of NOK 359 million a year earlier. This constituted a loss per share of NOK 0.83 compared with earnings per share (EPS) of NOK 1.30 in Q4 2014. Excluding special items, Q4 2015 net income was [&helli
Aker Solutions to Trim Salaries
Aker Solutions will temporary reduce wages of its Norwegian maintenance, modifications and operations (MMO) employees, the company said Thursday. Starting in March, senior management will see their pay lowered by 10 percent while the remainder of the staff will see reductions of 5 percent. The adjus
RWE Innogy Completes Metocean Buoy Tests
Following the completion of tests on the EOLOS FLS200 metocean buoy, RWE Innogy has ended its research series into four floating measuring platforms which have all fulfilled the availability and measuring accuracy requirements specified by the Carbon Trust as conditions for the stage of pre-commerci
EMGS Slumps to Loss
Norway’s Electromagnetic Geoservices (EMGS) has plunged into the red in the fourth quarter of 2015 on weak market and restructuring charges related to the company’s cost reduction program. The Oslo-listed company posted net loss of USD 24.1 million, compared to net income of USD 13.1 million in the