Operations & Maintenance
Coda Octopus Echoscope in CLE’s Cable Survey
Coda Octopus reports that CLE has used the Echoscope and Coda Octopus positioning system (F175) on a project for the inspection of underwater cabling. The Echoscope was integrated onto a SAAB Sabertooth AUV. This inspection was conducted in an area with strong currents and visibility of less than 1
PSA Inspects Gudrun Hydrocarbon Leak
The Petroleum Safety Authority Norway PSA has decided to initiate an investigation following a hydrocarbon leak on the Gudrun field in the North Sea on 18 February. The hydrocarbon leak on the Statoil-operated Gudrun field occurred at 06:40 on Wednesday February 18. Production was then shut down and
MMO: Last Call for Views on PTEC Project
People who want to put forward their views on the application from Perpetuus Tidal Energy Centre Limited (PTEC) should do so by emailing MMO before midnight on Friday 20 February 2015. They should include the reasoning and rationale for their views in their consultation response. The MMO received th
VIDEO: Drone footage of Sabella’s D10 assembly process
Aerial footage of the assembly process of D10 tidal turbine that’s currently underway in the port of Brest. The base is 20 by 20 meters in size, and it will carry a turbine of 10 meters in diameter. The turbine will have the capacity of up to 1 MW. The deployment of the turbine is […]
SeaBird Gets Nod to Restructure
SeaBird Exploration, a seismic data provider for oil and gas companies, announced that the bondholders of SBX03 have today, with requisite majority, resolved to approve the restructuring. As previously announced, SeaBird is in default on its existing bonds and loans and certain other of its financia
Aker Solutions Cuts Up to 300 Norway Jobs
Aker Solutions has said it will adjust its workforce capacity within the maintenance, modifications and operations (MMO) market in Norway after a continued decline in activity levels. About 300 engineering and project management employees in the Norwegian MMO business may be affected. Necessary adju
Technology behind Swansea tidal lagoon
GE and Andritz Hydro consortium is the preferred bidder for supplying Swansea tidal lagoon with 16 turbines with the combined capacity of 320 MW. Flow is created by gravity through the difference in tidal height between the inside and outside of the lagoon walls. The high power output of 320 MW prod
Dolphin Defies Hard Times
Norway’s Dolphin Geophysical has seen revenues rise in the fourth quarter, despite the challenging seismic market. The company generated fourth quarter revenues of USD 130.5 million, compared to USD 38.8 million in Q4 2013. The increase is primarily due to six vessels in production and increased yea
Reef Subsea Deal Hits GC Rieber
GC Rieber Shipping had a loss of NOK 201.4 million in the fourth quarter 2014, compared with a loss of NOK 73.5 million in the corresponding period in 2013. The negative result in the fourth quarter 2014 is due to loss provisions for the seller’s credit to the HV V Golf companies as well as [&hellip
Technip Takes Profit Dive
French oil services provider, Technip, has recorded net income drop of 40% in the fourth quarter after adjusted non-current items, despite revenue growth. The Company’s adjusted net income fell to 80.1 million euros from 134.5 million euros for the same period in 2013. However, underlying net income
Reach Subsea Nets NOK 24.8 Mln in 2014
Oslo-listed subsea operator, Reach Subsea, generated revenue for the fourth quarter 4Q2014 of NOK 84.3 million, compared with NOK 24 million for the 4Q2013. The increase in turnover compared to the last year’s fourth quarter was due to the increased activity as reflected by having four vessels in op
Wood Group Sees Higher Profits
Aberdeen-based Wood Group has recorded a profit rise led by performance in Wood Group PSN Production Services. Wood Group PSN’s Production Services activities delivered strong growth, with revenue up 16.0% and EBITA up 30.4%. This increase is primarily attributable to performance in the Americas, le
Concerns raised over re-opening of Dean Quarry
Local residents are voicing their concerns over the plan to re-open Dean Quarry in fear that it would ruin the stretch of the Cornish coastline. Developers of the Government-backed project Swansea Bay tidal lagoon plan to re-open Dean Quarry near St Keverne in Cornwall to provide rock for the constr
Deep Sea Supply Wins Charters
Deep Sea Supply has secured new contracts for its Platform Supply Vessels. The company has agreed on a 1 year firm plus 1 year options contract with Petrobras for the PSV Sea Brasil for operations in Brazil. According to Deep Sea Supply, the contract is expected start in the second half of 2Q 2015.