Operations & Maintenance
McDermott Narrows Q4 Loss and Delivers Profit in 2016
Houston-based McDermott posted quarterly net loss of $0.5 million, or $0.00 per fully diluted share, compared to net loss of $18.7 million, or $0.08 per fully diluted share same time last year. Adjusted net income, before charges, came to 2 cents per share, against 5 cents in the corresponding perio
Allseas to Build Second String of TurkStream Pipeline
South Stream Transport, a wholly-owned subsidiary of Gazprom, and Allseas Group have signed a contract to build the second string of the TurkStream gas pipeline’s offshore section. The agreement, signed in Amsterdam, is part of the option included in the construction contract for the pipeline’s firs
Hiab Cranes to Make Offshore Wind Debut in China
Load handling equipment manufacturer Hiab, part of Cargotec, has signed a contract to supply a minimum of 100 HIAB light-range loader cranes for a wind turbine manufacturer in China.
Hiab Cranes to Make Offshore Wind Debut in China
Load handling equipment manufacturer Hiab, part of Cargotec, has signed a contract to supply a minimum of 100 HIAB light-range loader cranes for a wind turbine manufacturer in China.
McDermott Strengthens Subsea Fleet
McDermott has confirmed the acquisition of the newly-built pipelay and construction vessel Amazon to boost its ultradeepwater and SURF fleet portfolio. The vessel name was changed from “Ceona Amazon” to “Amazon”. The Amazon is en-route to the Middle East and is scheduled to arrive in early March. Ac
Fugro to Undertake Seeps Survey Off Kenya
Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. Fugro will mobilize its specialized survey vessel, Fugro Discovery, to Kenya in March to undertake a four-week campaign of multibeam data acquisition and sampling. Sea
EDF Energy Makes WSP | Parsons Brinckerhoff Part of Its Energy Technical Support Alliance
Professional services consultancy WSP | Parsons Brinckerhoff has been appointed by EDF Energy to its technical support alliance to support its fleet of wind farms in the UK, including the 62MW Teeside offshore wind farm.
EDF Energy Makes WSP | Parsons Brinckerhoff Part of Its Energy Technical Support Alliance
Professional services consultancy WSP | Parsons Brinckerhoff has been appointed by EDF Energy to its technical support alliance to support its fleet of wind farms in the UK, including the 62MW Teeside offshore wind farm.
Seatricity’s Wave Hub future hangs in the balance
Wave energy company Seatricity is considering the future of its testing program at Cornwall’s Wave Hub which has stalled due to delays with an ERDF grant that was supposed to support this year’s Oceanus 2 trials.
Helix Reduces Losses Despite Revenue Drop
Offshore services player Helix Energy Solutions has seen red in the fourth quarter of 2016 on impairment charges linked mostly to its robotics division, but still managed to improve when compared to a year-ago period. Despite revenue drop of close to 19 percent year-over-year, the Houston-based well
CGG Wins Brunei Shell Petroleum Contract
CGG has been awarded a contract by Brunei Shell Petroleum to operate a dedicated processing center (DPC) at its Seria office in Brunei Darussalam. The contract will run for a period of six years, from January 01, 2017 to December 31, 2022. Under the terms of the contract, CGG will deliver the full s
Pharos Beefs Up Its Trenching ROV
Pharos Offshore has recently completed the development and enhancement of a 2,500-meter rated SMD-built tracked (or free-flying) jet trencher, which has subsequently been named the UTV400. The 400hp trenching ROV (TROV) set the benchmark for cable maintenance scopes when it was first introduced in t
Oceanica Takes Delivery of DSV Newbuild
The second of a pair of 43-meter monohull dive support vessels (DSV), the Oceanicasub V, has been delivered by Arpoador Shipyard to Oceanica Offshore of Rio de Janeiro. Incat Crowther designed the Oceanica-owned vessels for service in Brazil with Petrobras. The design has been developed to meet RINA
Tocardo kicks-off UK tidal project
Tocardo Tidal Power has started its planned 20-year commercial demonstration project at the European Marine Energy Centre (EMEC) in Orkney, UK.