Operations & Maintenance
Aquamarine Power goes into administration
The Edinburgh-based wave energy developer has called in the administrators to manage the business and seek a sale or investment via the administration process. Accountancy and business advisory firm BDO LLP has appointed business restructuring partners James Stephen and Graham Newton as joint admini
Saipem Looks for Cash Injection, Posts Q3 Lower Profit
Italian contractor Saipem has seen profits drop by some 29 per cent on tough market conditions. The company posted earnings for the third quarter of 2015 (as at September 30, 2015) of €54 million, versus €76 million in the third quarter of 2014. Revenues in the third quarter were down, amounting to
Tritech supplies OpenHydro with Gemini sonars
OpenHydro, an Irish-based tidal energy developer, has purchased a number of Tritech’s Gemini imaging sonars for its current and upcoming tidal energy projects. According to Tritech, OpenHydro will use Gemini imaging sonars to monitor the installation and recovery of tidal turbines and subsea base un
Forsys Subsea Lines Up for First EPCI Award in 2016
Forsys Subsea, a 50/50 joint venture between FMC Technologies and Technip, has been awarded its first two integrated front end engineering studies. The two contract awards were announced last week by John Gremp, Chairman and CEO of FMC Technologies, during the company’s third-quarter earnings call.
N-Sea Wraps Up BorWin3 UXO Gig
Subsea IMR provider, N-Sea, has successfully completed an unexploded ordnance (UXO) survey, ID and disposal campaign for the TenneT project, BorWin3. Taking place between January and August this year, the work scope involved surveying the seabed to identify and remove undiscovered explosive devices
Deep Sea Mooring Bags Lundin Norway Deal
Global Maritime Deep Sea Mooring has been awarded a three-year contract with Lundin Norway for mooring equipment services. Deep Sea Mooring (DSM) will provide services and products supporting Lundin’s activities on the Norwegian Continental Shelf (NCS) including mooring equipment for drilling rigs a
Joulz Scores Eneco Luchterduinen O&M Deal
Joulz has won a contract for the management and maintenance of Eneco Luchterduinen OHVS (offshore high-voltage station). Joulz will also take on the responsibility for keeping the wind farm operational, by taking over responsibility for the installation and maintaining a 24/7 emergency service, amon
Dong Hires Modus for Burbo Bank Extension UXO Job
Darlington-based Modus Seabed Intervention has been contracted by DONG Energy to conduct pre-installation works on the planned offshore wind farm Burbo Bank Extension which is located west of the existing Burbo Bank offshore wind farm, approximately 7 km off the coast near Liverpool. The workscope h
Polarstern Gears for Cape Town Training Expedition
The research icebreaker Polarstern will this Thursday October 29, 2015 leave its homeport in Bremerhaven for Cape Town, South Africa, taking 32 students from 19 countries, who will be introduced to the latest methods and instruments used in oceanography. Nine instructors from the Alfred Wegener Inst
DeepOcean Bags Race Bank Cable Work
A contract for the provision of cable installation and trenching work for DONG Energy’s Race Bank offshore wind farm has been awarded to DeepOcean 1 UK Ltd, a subsidiary of DeepOcean Group. Offshore work will be undertaken in 2016/2017 with DeepOcean’s in-house fleet of dedicated cable installation
Marine Harvest Norway Hires KB Dykk for Diving Gig
Norway’s KB Dykk, a subsidiary of NTS ASA, has secured a deal with Marine Harvest Norway for the lease of service vessels and provision of diving services in the North Region. With this agreement, which starts on March 1, 2016 and runs until January 1, 2020, KB Dykk has secured a long-term employmen
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 19 – October 25). Boskalis Subsea Services has opened an office in Aberdeen dedicated to focus on growing business in the UK sector in the offshore and renewable industry. The office is also b
TGS Profit Declines
Seismic contractor TGS has posted third-quarter 2015 net income of $40 million, compared to $54.6 million in the same period in 2014. Earnings per share were $0.39, down from $0.53 in Q3 2014. The Oslo-listed company reported revenues of $169 million in Q3 2015 (89% accounted to multi-client), versu
PGS Takes USD 110 Mln Loss
Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $110 million for the third quarter of 2015, compared with $8.4 million profit in the corresponding period in 2014. In the third quarter of 2015, the company recorded revenues of $225.7 million (out of which $120.4 milli