Oslo-listed Oceanteam has booked net profit of some $23.3 million for the first six months of 2017. This result compares with $4.1 million loss for the period ended June 30, 2016. For the first six months of 2017, the Norwegian-Dutch offshore service provider generated $16.8 million in operating rev
Vattenfall has selected Offshore Marine People and Academy (OMPA) to provide a team of offshore installation managers to support their offshore wind operations.
Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 meters of water in the West of Shetland area. The Edradour and Glenlivet development will bring additional production capacity of up to 56,000 barrels of oil equivalent a day (boe/d),
Ocean Energy Sweden has informed that the planning for the Skagerrak test site for marine and maritime innovation will begin during the meeting of the project group scheduled for this week.
A group of Korean commercial divers have obtained their HSE (Health & Safety Executive) diving certification on the first ever Korean-language HSE diving course at The Underwater Centre, Fort William. The 12 divers from Deep Sea Works, South Korea, completed the HSE Experience and Competence Assessm
Marine Renewables Canada is leading a trade mission to Ireland to explore investment, and research collaboration opportunities in wave, tidal, and river current energy.
Energy services and software provider AGR said it is enjoying a strong 2017 and a positive outlook for next year, having secured contracts worth over £6 million in the North Sea and internationally, and recruiting more than 20 engineers and operational experts. The company’s UK and Middle East busin
N-Sea, a subsea IMR provider, has began work in the Cameroonian offshore market, via a contract win with Jumbo Offshore, a Dutch offshore lifting and transportation company. With phase one completed in mid-July, the project takes place off the shores of Cameroon’s South Province, as a part of the Hi
Swedish tidal energy developer Minesto has taken delivery of the most distinguished part of its Deep Green ocean energy concept – the wing.
Statoil and partners have proven a small, non-commercial gas volume in the Korpfjell well in the Barents Sea southeast. Korpfjell is the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia. “Korpfjell is a structure of a size seldom seen on t
Norwegian contractor Reach Subsea has slipped into red in the quarter ended June 30, 2017 as it saw cost increased and start of some projects pushed to Q3 and Q4. The Oslo-listed company reported second-quarter EBITDA of NOK 4.4 million (NOK 12.6 million in Q2 2016). EBITDA for the first half of 201
Cooper Energy has made a final investment decision (FID) for the Sole gas project following the announcement of a fully underwritten finance package to complete funding for the project. The finance package includes AUD 250 million senior secured bank debt facility fully underwritten by Australia and
CGG has started work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo Basin offshore Brazil. The Oceanic Champion is acquiring the survey which is expected to take seven months. This industry-supported survey will cover 10,300 squ
TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract from Husky Energy for the West White Rose project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control
