Operations & Maintenance
Saipem Hikes Profit
Italian contractor Saipem has seen profit rise despite tough market conditions. The company posted earnings for the first quarter of 2015 (ended March 31, 2015) of €77 million, versus €61 million in the first quarter of 2014. Revenues in the fourth quarter were up, amounting to €3 billion, an increa
Turbines production for Paimpol-Bréhat project kicks-off
The construction of tidal turbines for Paimpol-Bréhat project, developed by EDF, has started, and the turbines are expected to be grid-connected before the end of 2015. The Paimpol-Bréhat demonstration project is located in France, off the coast of Paimpol. DCNS, through its subsidiary OpenHydro, is
Subsea Innovation Revamps LARS
Subsea Innovation has refurbished a Launch and Recovery System (LARS) for a major offshore oil & gas contractor. In its most recent project, the Darlington-based company undertook the complete strip down of the Launch and Recovery System at its new, purpose-built manufacturing facility. The LARS was
Stork Secures Bibby Offshore Deal
Stork has been awarded a three year Frame Agreement focusing on the UKCS and Norwegian sectors, by Bibby Offshore. It is the first Frame Agreement Stork has signed with Bibby Offshore. The agreement, which comes with two one year extension options, will allow Stork to deliver subsea bolt tensioning
Siemens Hands Over SylWin1 to TenneT
Siemens has handed over SylWin1, the third North Sea grid connection this year, to its customer TenneT. The German-Dutch transmission grid operator has now put the “world’s most powerful grid connection to date” into commercial operation. The offshore platform of the SylWin1 grid connection is locat
Keel Laid for Norwegian Research Vessel (Spain)
Gondan Shipyard has celebrated the keel laying ceremony of the new Oceanographic Research Vessel for the Institute of Marine Research (IMR) of Bergen, Norway at its facilities in Figueras. The official keel laying ceremony, marks the start of the assembly of the hull in the slipway. Several represen
Navy Divers Remove Explosive Ordnance Off Italy
During the weekend of April 21st and 22nd, the Italian Navy conducted an underwater search for explosive ordnance near ” Marina del Cantone ” beach. During the search the Navy team found a bomb of English production with about 120 kg explosives inside. The bomb, found at the depth of seven meters, i
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 20 – April 26). The Houston-based oilfield services major, Schlumberger, is slashing another 11,000 jobs as it fells the impact of downturn in oil prices and lower E&P spending. In January this
Cecon ASA Goes Bankrupt
Arendal-based subsea contractor Cecon ASA has requested the City Court of Aust-Agder to declare the company bankrupt having failed to present a plan for a compulsory composition. The company has over the last four months explored options for a solution to the debt restructuring, which would have giv
Nemo OTEC project on track
The Nemo project, a floating OTEC power plant, is expected to be operational in 2018, according to EDF Pulse. The project is being built by DCNS and Akuo Energy. Nemo floating power plant will consist of four modules, and its capacity is 16 MW. Some of the electricity produced by the plant will be u
WATCH: ROV Surveys Sunken ‘Oleg Naydenov’
The following footage shows an ROV inspection at a depth of 2,700 meters, offshore Gran Canaria, where Oleg Naydenov sank with nearly 1,500 tonnes of fuel. A remotely operated vehicle (ROV) was deployed on Tuesday, April 22 to inspect the wreck located approximately 24 kilometres off the southern co
VIDEO: Sabella to unveil D10 turbine
Sabella has completed the assembly process of its D10 tidal turbine. The inauguration ceremony of the turbine took place today at the port of Brest, where the assembly process lasted for 3 months. Sabella will unveil the completed D10 tidal turbine to the general public on Saturday, April 25. The te
Schlumberger, Spectrum in Pelotas Deal
Spectrum has entered into a cooperation agreement with Schlumberger to acquire 50% ownership in Spectrum’s Pelotas multi-client program. The cooperation agreement includes more than 30,000 km of regional 2D seismic data in the new frontier Pelotas Basin, offshore Brazil. The program includes the rec
EU supports Portuguese ocean energy scheme
Portuguese demonstration scheme for ocean energy technologies will be granted aid for 25 years in the form of a feed-in-tariff to compensate for the higher costs of the new technologies. The European Commission decided Portuguese scheme aimed at promoting renewable energy technologies is in line wit