Operations & Maintenance
Statoil: Polarled Becomes First Pipeline to Cross Arctic Circle
On Friday 21 August the Polarled gas pipeline crossed 66 degrees and 33 minutes north of the equator and became the first pipeline to cross the Arctic Circle, Statoil reported. The 482-kilometre long and 36-inch wide pipeline will run from Nyhamna in western Norway to the Aasta Hansteen field in the
VIDEO: Kepler Transverse Horizontal Axis Water Turbine
The University of Oxford Department of Engineering Science, in conjunction with Kepler Energy, has developed a new horizontal axis tidal turbine that can operate in lower velocity tidal waters. The Kepler Transverse Horizontal Axis Water Turbine (THAWT) is designed to be operated either in arrays or
Alseamar Wraps Up Underwater Geochemical Survey
Alseamar, designer of the Sea Explorer underwater glider, has recently completed a pre-exploration survey for an undisclosed oil company with 2 of its gliders fitted with Minifluo hydrocarbon sensors. According to the company, it’s the first geochemical exploration survey ever conducted with Sea Exp
Magseis Sees Profits Rise
Norwegian geophysical contractor, Magseis, has reported net profit of USD 1.6 million or $0.06 basic earnings per share in the second quarter 2015, compared to net profit of USD 220K or $0.01 basic earnings per share during Q2 2014. The Oslo-listed company has seen its revenue almost flat at USD 16.
Johan Sverdrup Development Plan Approved
The plan for development and operation (PDO) for Johan Sverdrup, phase one, was approved by the Ministry of Petroleum and Energy on Thursday (August 20). In addition the associated plans for installation and operation (PIO) for transportation pipelines and power supply from shore were approved. “We
GeoSea, EWE In Charge of Gemini O&M
Offshore maintenance contractors Offshore & Wind Assistance (OWA) and EWE Offshore Service & Solutions GmbH (EWE-OSS) have been hired to provide operation and maintenance services to the Gemini offshore wind farm in the Dutch North Sea. The 600MW Gemini offshore wind park, located 85 km north of the
Farstad Slumps to Loss
Norway’s Farstad Shipping has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Namely, Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46.7 million a year earlier. Furthermore, first-half (1H 2015)
Energinet.dk to Replace Anholt Subsea Cable
Energinet.dk is planning a replacement of two sections of the submarine cable at the Anholt offshore wind farm during September and October. In February, there was an error in the submarine cable that connects the Anholt offshore wind farm to the grid on land. Since then, Energinet.dk in cooperation
Viking Neptun Boosts Eidesvik
Norwegian vessel owner, Eidesvik Offshore, has seen its second quarter 2015 profit after tax at 144.7 million Norwegian kroner ($17.5 million) versus a loss of 1.9 million kroner (approx. $230K) same time last year. Furthermore, the Oslo-listed company bounced back from a first-quarter loss of NOK 1
Siem Offshore Stays Down
Siem Offshore has plunged deeper into the red, following a net loss in the previous quarter, as the challenging OSV market takes its toll. The Oslo-listed company recorded net loss of $45 million compared to net profit of $12.1 million in the year-earlier period. The net loss attributable to shareho
EMGS Loss Widens
Electromagnetic Geoservices (EMGS) has recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. The results were negatively affected by extraordinary costs related to the company’s cost redu
ORPC Ireland to conduct tidal studies for County Donegal
The Sustainable Energy Authority of Ireland (SEAI) has awarded funding to ORPC Ireland for conducting a feasibility assessment to identify tidal energy development opportunities in the coastal waters of County Donegal, Ireland. The project will review existing resource data, evaluate grid accessibil
G9 Issues Report on Offshore Wind Transfer Design Issues
A report resulting from the G9 Offshore Wind Health and Safety Association (G9)’s first Safe by Design workshop is now available. The report explores a number of key topics associated with the transfer of personnel from a Crew Transfer Vessel to a transition piece via the traditional push on method
G9 Issues Report on Offshore Wind Transfer Design Issues
A report resulting from the G9 Offshore Wind Health and Safety Association (G9)’s first Safe by Design workshop is now available. The report explores a number of key topics associated with the transfer of personnel from a Crew Transfer Vessel to a transition piece via the traditional push on method