Operations & Maintenance
VIDEO: Kleven Delivers Viking Neptun
The offshore construction vessel Viking Neptun was delivered from Kleven Verft in Ulsteinvik, Norway, to Norwegian shipowner Eidesvik February 17, 2015. Designed by Salt Ship Design, the 145 meters long and 31 meters wide vessel is the largest in Eidesvik’s fleet, and the largest ever built at Kleve
Olympic Wins Charters
Offshore vessel operator Olympic Ship AS has secured a new contract for its M/V Olympic Taurus. According to Olympic, the charter is with an international customer for doing construction work in Argentina for 4+1 months. The Marin Teknikk MT6015-design Multipurpose Offshore Vessel is on the contract
PHOTO: Lewek Constellation Ready for Noble Energy Gig
Ezra has officially christened and named the Lewek Constellation prior to its departure to the Gulf of Mexico to start work for Noble Energy. The Lewek Constellation, an ice-classed, multi-lay offshore construction vessel with ultra-deepwater pipe laying and heavy lift capabilities is EMAS AMC’s fla
Gassco to Initiate Knarr Pipeline in Spring
Gassco has taken over as operator of the Knarr pipeline, which will transport rich gas to the Shell-Esso Gas and Liquids (Segal) system and St Fergus in Scotland. Knarr is a gas and oil field located about 100 kilometres north of Statfjord in the northern North Sea. “We’ve had a close and good colla
Ecosse Nets LoI for Caithness-Moray Transmission Link
Ecosse Subsea Systems (ESS) has signed a Letter of Intent with ABB for a seabed clearance and trenching project in the north of Scotland. The Aberdeenshire-based subsea technology firm will prepare the route for the 100-mile interconnector cable at the centre of SHE Transmission’s £1.2 billion Caith
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 23 – March 01). Building on the previous award by Total E&P UK of the contract for the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters, Techn
Nemo Link Moves Forward
Elia, the Belgian electricity transmission system operator, and National Grid will today sign a joint venture agreement to move ahead with the Nemo Link, the first electricity interconnector between the two countries. When completed the interconnector will provide 1000 MW of capacity. The link will
Magseis Ends in Loss
Norwegian geophysical contractor, Magseis has ended in red in its first full year of operation. The company, which has a total of 77 full-time employees including 46 seismic crew, recorded net loss second quarter in a row. During the third quarter, the company recorded a $2.0 million net loss, compa
SeaBird Loss Grows
Norwegian seismic player SeaBird Exploration has plunged deeper into the red on cost of sales, impairments and weak demand. SeaBird generated revenues of $28.1 million in Q4 2014, compared to $38.7 million in the corresponding period in 2013. The decreased revenues are primarily due to reduced contr
New Guidance on Offshore Wind Farm Cable Burial
New guidance has been published by the Carbon Trust’s Offshore Wind Accelerator (OWA) to give the offshore wind industry a unified, systematic approach to the risk management of cable burial. The Cable Burial Risk Assessment (CBRA) Guidance offers a standardised, repeatable and qualitative method to
Siem Sees Profits Rise
Oslo-listed Siem Offshore has generated fourth quarter operating revenues of USD 137.7 million, compared to USD 95.0 million for the same period in 2013. The operating revenues for the full year were $491.3 million, versus $364.0 million in 2013. In the fourth quarter 2014 (Q4 2014), the company rec
CGG to Cut More as Loss Widens
French seismic contractor CGG announced additional cost reduction plans and further downsizing of its fleet as it falls victim to deterioration in market conditions. In the fourth quarter 2014 (Q4 2014), CGG generated revenues of $ 906 million, down 5 percent year-on-year and up 31% sequentially. Fu
CableFish to lower cable installation costs up to 75 percent
The new cable installation device is expected to lower the costs of cable installations for up to 75 percent when compared to the current mechanisms used by the industry, according to Carbon Trust. UK innovator, North Sea Systems, has completed the first full scale trials of its CableFish at EMEC. T
Nautricity Gets EMEC Grid Berth
Scottish tidal turbine developer, Nautricity, has secured a grid connected tidal test berth at the European Marine Energy Centre (EMEC), following successful sea trials at EMEC’s non-grid connected site last year. In 2014, Nautricity tested its CoRMaT tidal energy converter and Hydrobuoy mooring sys