Operations & Maintenance
Van Oord Profit Slips
Dutch contractor Van Oord has posted lower earnings, despite record revenue, due to settlements reached on outstanding claims that arose in the Dubai era. In the year 2014, the company recorded net profit of €119 million, an 8 percent drop compared to €130 million net profit in 2013. Revenue, howeve
X-Subsea Norway Goes Bankrupt
Dredging and excavation specialist X-Subsea’s Norwegian division has been declared bankrupt. The Mandal-based division, which currently employs 47 people, has failed to secure a financial boost after its parent company Reef Subsea Norway filed for bankruptcy earlier in February this year, causing a
Johan Sverdrup to Get Power from Shore
Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field. The contract value is around NOK 1.1 billion ($155 million), and covers delivery of electrical equipment for a converter station by the Kårstø proce
Diving Ops to Start at Kentish Flats Extension
Vattenfall has advised that the vessel Terramare 1 will be carrying out diving operations on the Kentish Flats Extension Offshore Wind Farm. The diving is programed to start 26th March 2015 and last for 1 week weather depending. The vessel will require an exclusion zone of 500 meters. In February 20
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 09 – March 15). Fugro said it received a writ of summons from Boskalis to force a shareholder vote at its annual shareholders meeting scheduled for April 30, 2015 on a recommendation in respect
VIDEO: North Sea Giant Preps for Asgard Ops
A privately owned company, founded by the Andersen family in 1916, Fayard, assisted Technip Norge AS and Statoil in the Module Handling System (MHS) and Special Handling System (SHS) heavy installations on board the North Sea Giant. It’s a purpose-built system for installation and recovery of heavy
Fugro in Pipeline Inspection for Statoil and Gassco
Statoil Petroleum AS and Gassco AS have awarded the 2015 annual pipeline inspection contract to Fugro. The contract covers inspection of defined sections of subsea pipelines between Norway and continental Europe: Europipe 1, Europipe 2, Franpipe, Zeepipe and Norpipe. Inspection of pipeline sections
DOF Subsea Lands More Work
DOF Subsea has been awarded several contracts in the Atlantic region. According to the company, the award will include work on both the Norwegian and UK sector. The work scope includes, among other, installation of flexible flow lines and umbilicals on the Corrib field, operated by Shell Ireland. Fu
EMGS Wins Barents Data Deal
Norway’s Electromagnetic Geoservices (EMGS) has secured a data licensing agreement for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. According to the company’s statement on Oslo stock exchange, the deal is worth approximately USD 3 million. EMGS will book the f
Providence Seeks Silverback Prospect Extension
Providence Resources P.l.c. announced that the seismic interpretation and mapping of reprocessed 2D seismic reflection profile data has confirmed the presence of a large Mesozoic structural closure within Licensing Option (LO) 13/04, located in the South Celtic Sea Basin. LO 13/04 is situated in c.
Image of the day: Schottel SIT turbine for BlueTec
Schottel Hydro is preparing SIT tidal turbine for the presentation of BlueTec floating tidal platform. The naming ceremony for the BlueTec floating tidal platform will be held on April 9, 2015, in Den Helder, the Netherlands. Shortly after the naming ceremony, the floating tidal turbine will be inst
Skagerrak 4 Officially Launched
The new High Voltage Direct Current (HVDC) submarine cable system interconnecting Norway and Denmark, Skagerrak 4, has been officially inaugurated and ready for commercial operation. The realisation of Skagerrak 4 had been agreed upon by the Danish and the Norwegian transmission grid operators Energ
VIDEO: Kleven Splashes ‘Olympic Nike’
Norway’s Kleven Verft has launched Olympic Shipping’s future subsea vessel “Olympic Nike”. Back in May 2014, Olympic Shipping entered into a new contract with Kleven Verft for building of an Inspection Maintenance Repair (IMR) vessel with MT6021 MK2 design. The MK2 design is a further development of
ABB Nets Walney Extension Subsea Cable Deal
ABB has won an order worth around $130 million from DONG Energy to supply a high-voltage cable system that will bring power from the Walney Extension wind park off the northwest coast of England to more than a million people in the United Kingdom. The Walney Extension will provide additional generat