Operations & Maintenance
Magseis Posts Quarterly Loss
Norwegian geophysical contractor, Magseis, has reported net loss of USD 6.5 million or NOK -0.24 basic earnings per share in the first quarter 2015, compared to net loss of USD 3.9 million or NOK -0.21 basic earnings per share during Q4 2014. The Oslo-listed company has also seen its revenues drop a
Atkins in Decommissioning Contract with Centrica
Atkins has been awarded a multidisciplinary pre-FEED (Front End Engineering Design) decommissioning contract with Centrica Energy. The agreement applies to any fields Centrica decides to decommission in the UK or Netherlands during the contract period. Alex Campbell, managing director of Atkins’ oil
GC Rieber Slips on Strong Dollar
GC Rieber Shipping has posted a net loss of NOK 36.3 million ($4.9 million) in the first quarter 2015, versus a net profit of NOK 41.2 million ($5.5 million) in first quarter 2014. According to the company, weakening of NOK against USD in the quarter resulted in unrealised currency loss of NOK 72.7
Vard Down on Forex, Aims to Streamline Cost Structure
Shipbuilder and designer of offshore and specialised vessels, Vard Holdings has seen its profits slip into the red on unrealized foreign exchange losses, despite increase in turnover. Vard generated revenues of NOK 3.06 billion for the first quarter of 2015, up from NOK 2.67 billion in the correspon
Eni to Conduct Manned Underwater Ops at Goliat
Eni Norge AS has received consent for manned underwater operations connected with the Goliat facility. Eni Norge AS (Eni) is the operator of the Goliat field, which is located on the Tromsøflaket bank around 85 km north-west of Hammerfest. The field is being developed using a floating production, st
CGG Starts Horda Survey Extension Off Norway
CGG announced a western extension of the Horda BroadSeisTM-BroadSourceTM 3D multi-client program it began acquiring in the Northern North Sea offshore Norway in 2014. The extension, known as Tampen, is located in the Northern Viking Graben offshore Norway and the UK and is expected to be completed i
SRP Rocksteady anchors CETO 5 units
Rocksteady mooring connector has been operating for more than six months as part of the Perth Wave Energy Project. Rocksteady mooring connector was provided for the wave project by Subsea Riser Products (SRP). Rocksteady is an auto-latching subsea structural connector with a locking/preload mechanis
Sonomatic Goes Deeper with Ultrasonic Subsea Inspection
Sonomatic, a provider of automated ultrasonic subsea inspection, has successfully deployed its accurate corrosion mapping approach at a depth of 1435 m, setting a new benchmark for depth with this technique. As the company informs, the inspection was carried out using the ROV-iT, a ROV-deployed ultr
Subsea 7 to Axe 11 Vessels and 2500 Jobs
Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organisation. According to the company’s filing to Oslo Stock Exchange, this decision comes in view of the difficult business
James Fisher Grabs X-subsea Assets
James Fisher has purchased the assets and intellectual property rights of X-Subsea for a total consideration of £14.8m. Headquartered in Aberdeen, X-Subsea went into administration on April 27 2015 following the collapse of its Norwegian parent company Reef Subsea AS. X-Subsea, a designer and operat
GE’s subsea converter for French tidal nears completion
GEPC’s engineers are finalizing the construction of the subsea converter that will be used for Paimpol-Bréhat tidal project. The subsea converter consists of steel housing that is 9 m long, 5 m wide and 4 m high. The converter will enclose all the electrotechnical equipment required for electrical c
Damen delivers MultiCat vessel for tidal energy projects
Damen has delivered a Multi Cat 2613 vessel used for tidal energy projects to Scotland-based chartering company Scotmarine. The 50-tonne bollard pull vessel has a large crane and will replace the stock vessel Multi Cat Orcadia Scotmarine purchased three years ago. The hull of the new vessel was in s
‘Kitty Petra’ to Work at Gwynt y Môr
After seven months of working in the North Sea, Tidal Transit’s Kitty Petra personnel transfer vessel (PVT) will be heading west in May 2015 to join her sister vessel Tia Elizabeth working on the Gwynt y Môr offshore wind farm, which is situated 8 miles off the North Wales coast. Gwynt y Môr Offshor
Moventas to supply gearboxes for Alstom’s Oceade
Moventas has been chosen to develop tidal turbines’ gearboxes that will be used by Alstom for the Raz Blanchard pilot tidal farm in France. Moventas, a Finnish-based technology developer, is currently in the process of designing customer-specific modified gearboxes for Alstom’s Oceade 18 tidal turbi