Operations & Maintenance
Saipem Seals $1.3 Bln Al-Zour Deal
Italy’s Saipem has been awarded by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City, for a total amount of approximately $1.3 billion, Saipem share. The Al-Zour NRP will be one of the largest oi
QED Naval relocates
QED Naval, the developer behind Subhub tidal foundations platform, has moved their head office to satisfy the company’s growing requirements. The company stated their new location on Castle Street, Edinburgh, provides improved access for their customers and clients. The new accommodation comprises a
Total Sells North Sea Pipelines for USD 905 Mln
Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million). “The sale of these midstream transportation assets is another example of Total’s strategy of active p
Interview: Wave coupled with offshore wind to reduce costs
NEMOS, a German-based wave energy company, has developed an innovative system to generate electricity from ocean waves that can be coupled with offshore wind farms to reduce the overall costs of these emerging sectors. NEMOS has recently installed a 1:5 scaled version of their wave energy device at
New tidal gauge completed in Wash
A new tidal gauge installed in the Wash, Lincolnshire, will help the Environment Agency measure tides, predict flooding and assess the impact of climate change more accurately. The instrument is on a platform measuring approximately 2 meters across and 11 meters above sea level. It’s located 4 km of
WATCH: Island Venture Launched at Ulstein Verft
Norwegian shipbuilder and designer Ulstein has launched its hull number 302 offshore construction vessel the Island Venture. The largest offshore vessel so far from Ulstein Verft, measures 159.9 meters in length and 30 meters in the beam. The Ulstein SX165-design vessel, which has been redesigned an
SEM-REV test site officially opens
SEM-REV, marine renewable energy test site located 30 km off the city of Le Croisic on the French Atlantic coast, has been officially opened on August 25, 2015. Operated jointly by the CNRS and Centrale Nantes, SEM-REV has installed equipment at sea and on land for the development and demonstration
Reach Subsea Hikes Q2, H1 Still in Red
Norway’s Reach Subsea has bounced back to profit during the second quarter 2015 on higher vessel utilisation after plunging into red in Q1 2015. The Oslo-listed company booked a Q2 2015 net profit of NOK 7.4 million ($900K) compared to NOK 6.9 million ($840K) in a year-ago quarter. The EBITDA was NO
NPD Gives Green Light for Gullfaks Subsea Boost
The Norwegian Petroleum Directorate (NPD) has granted the licensees of Gullfaks Sør consent for start-up and operation of new subsea wet gas compressor and umbilical on the Gullfaks field in production licence 050. The Gullfaks project is the second major seabed gas compression project that will be
Seven UXOs Found at Race Bank OWF Site
DONG Energy has reported seven unexploded ordnance (UXO) at the site of its Race Bank offshore wind farm project. According to the local media reports, the UXOs were found on The Wash seabed. The UXOs were discovered during the pre-construction survey between Skegness and the Walpole substation. DON
Rem Takes Profit Dive
Norway’s Rem Offshore has posted second-quarter 2015 net profit of NOK 64.3 million ($7.8 million), down from NOK 105.8 million or $12.8 million in a year-ago period. Net profit for the first half of 2015 (1H 2015) was also down at NOK 70.1 million ($8.5 million) versus NOK 183.2 million ($22.2 mill
Solstad in Vessel Lay-Up, 300 Workers Must Go
Oslo-listed Solstad is looking to lay-up additional vessels as it expects a weak market in AHTS and PSV segment, despite recording a year-on-year profit rise in the second quarter. Nevertheless, loss from the previous quarter has pulled the Norway’s shipowner down into the red during the first half
Polarcus Closes Library Sale Deal
Polarcus has completed the main component of the transaction regarding partial divestment of the company’s multi-client library to TGS-NOPEC Geophysical (TGS). Namely, on June 29, Polarcus and TGS signed a Letter of Intent (LOI) for the sale of its multi-client projects in Northwest Europe and West
Dalby Seeks Public Comment on Whitby O&M Centre Design
Dalby Offshore Services, in conjunction with Scarborough Borough Council, is developing Endeavour Wharf, Whitby to become a key operations and maintenance centre for the offshore wind industry. Following the appointment of the architect, Group Ginger Ltd. of Leeds, and meetings with local stakeholde