Operations & Maintenance
Buoyant Vestas Plans EUR 50 Million Blade Factory in India
Denmark’s Vestas is planning to build a new blade manufacturing facility in India and is expecting up to EUR 1 billion more in revenue in 2015 after posting encouraging operating results for the quarter ended September 30. The construction of the new factory will start in 2016, and the project is ex
Buoyant Vestas Plans EUR 50 Million Blade Factory in India
Denmark’s Vestas is planning to build a new blade manufacturing facility in India and is expecting up to EUR 1 billion more in revenue in 2015 after posting encouraging operating results for the quarter ended September 30. The construction of the new factory will start in 2016, and the project is ex
EMGS Looks for Cash Boost as Red Ink Flows
Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slide into the red in the third quarter of 2015 on weak market and impairments compared to a year-ago period. Despite tightening up the wallet, the Oslo-listed company posted net loss of USD 25.4 million, compared to net income of USD 7
Seabird Narrows Losses
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has narrowed its net loss in the third quarter, following the company’s financial restructuring and further implementation of cost cutting measures. SeaBird posted net loss of $1.7 million for the third quarter of 2015, compared
CGG Lays Off 930 and Reduces Fleet to 5 Vessels
French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its transformation plan, the company said today during third-quarter earnings presentation. Furthermore, in the third quarter 2015, as a result of deterioration of market conditions and the
Aker Solutions Sees Revenue Slashed by NOK 800 Mln
Aker Solutions has delivered lower third-quarter profit as its revenue dropped some NOK 800 million from the prior-year quarter on subsea services activity decline in the North Sea market. Norwegian oil services company generated net income of NOK 205 million ($23.8 million), or NOK 0.75 per share,
Statkraft Signs WaveCraft for Sheringham Shoal
Statkraft has entered into an initial six month charter agreement, with a longer-term extension option, to use the WaveCraft, operated by Tidal Transit, to transport its O&M turbine technicians into its Sheringham Shoal Offshore Wind Farm field. The 317MW Sheringham Shoal Offshore Wind Farm is locat
Renewables En Route to Cover Third of Germany’s Energy Needs
The share of renewable energy input into Germany’s gross national energy requirement is set to hit the 33% mark in 2015 if the unpredictable late autumn stats do not throw a spanner in the works, Germany Trade & Invest reports. Some 193 billion kilowatt hours will come from offshore and onshore wind
Heerema Gears for Alba B3 Jacket Sail Away
Heerema Fabrication Group informed that preparations are being made for the sail away of the Alba B3 jacket to Equatorial Guinea for Marathon Oil’s Alba field third gas compression platform. Heerema is the main EPCI contractor for the 6,000-ton Alba B3 compression platform. The 1500-tons jacket has
ALE and Ravestein Enter Heavylift Joint Venture
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
ALE and Ravestein Enter Heavylift Joint Venture
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
Hydro Group gets on-board MeyGen
Hydro Group has secured a contract with Atlantis Resources to supply connection systems for the MeyGen tidal array project. Atlantis Resources, the developer behind MeyGen tidal project, has selected Hydro Group to supply the complete export connection system for one of the tidal turbines. The agree
Coretrax Delivers Decom Campaign with Hess
Coretrax, a wellbore clean up and abandonment specialist, has completed a three-year decommissioning contract with operator Hess Corporation for the first designated abandonment campaign of its kind. The project began in 2012, involving 30 well abandonments at the FFFA and IVRR fields in the UK Nort
iSURVEY Positioning for Total’s Offshore Ops
iSURVEY, a provider of survey and positioning services to the oil and gas, offshore renewables and telecommunications markets, has secured a framework contract with Total E&P UK for the provision of rig move navigation and positioning services. Starting October 12, 2015, the three year framework con