Operations & Maintenance
Tui-Samoa Cable Brakes Ground for Onshore Landing Station
Samoa Submarine Cable Company (S.S.C.C.) broke ground for the start-up of construction of landing station for Tui-Samoa subsea cable at Vaivase-Tai. Further to the start-up of construction, the company also informed about partnership agreement with Southern Cross Networks. According to the local med
FORCE goes FAST for fish monitoring
Fundy Ocean Research Center for Energy (FORCE) has deployed a new underwater monitoring platform designed to capture environmental data from the Bay of Fundy, Canada.
Polarcus in 4D Shoot Off West Africa
Marine geophysical company Polarcus has been awarded a contract for a 4D marine seismic acquisition project offshore West Africa. According to the company’s Oslo filing, the project will start in the second quarter of 2017 and will run for approximately one month. Polarcus did not disclose the clien
Nautilus Completes Subsea Fleet Acquisition and Name Change
Nautilus Marine Services PLC, formerly Global Energy Development, said on Thursday it has completed transactions to acquire subsea service vessels. To remind, earlier this year, the company conditionally agreed to acquire 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a n
Vattenfall Sticks With Horns Rev 1 CTV Team
Vattenfall has once again contracted Danish crew transfer vessel (CTV) operator KEM Offshore for a long-term charter of two CTVs which will service the 160MW Horns Rev 1 offshore wind farm in the Danish North Sea.
BHP Billiton to Back Mad Dog Extension Project with $2.2 Bln
BHP Billiton said on Thursday it will invest $2.2 billion related to its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. During the fourth quarter of 2016, BP sanctioned the Mad Dog Phase 2 project. Mad Dog Phase 2, located in the Green Canyon area in the Deepwater Gul
EMGS Narrows Losses
Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 million loss in the same period last year. For 2016, the company reported loss of $52.1 million, against loss of $76.7 million in 2015. EMGS generated revenues of $12.0 million in the fo
Bourbon Continues Stacking Vessels as Weak Market Stings
Bourbon has posted lower adjusted revenues for the quarter ended December 31, 2016 as utilization and daily rates continue to decline. The company said it had stacked 104 vessels as of end-December last year, with 27 vessels stacked during the 4th quarter in the deepwater offshore segment, and up to
EM&I Wins Pacific Drilling Contract
Pacific Drilling has contracted the asset integrity and IMR services provider, EM&I, to deliver ODIN underwater inspection in lieu of drydocking (UWILD) services. The new contract is this time starting with an ROV survey on the Pacific Sharav drillship operating for Chevron in the Gulf of Mexico. Gr
Loss Widens for Aker Solutions
Norwegian oil services company Aker Solutions has reported net loss of NOK 268 million, or NOK 1.07 in the fourth quarter 2016, versus net loss of NOK 250 million, or 0.83 NOK a year earlier. The earnings were negatively impacted by special items of NOK 574 million, of which NOK 130 million is relat
Oceaneering Posts Quarterly Loss; Sees 90% Lower Full-Year Profit
Subsea engineering specialist Oceaneering has reported a net loss of $11.0 million, or $(0.11) per share, on revenue of $488 million for the three months ended December 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $25.7 million, or $0.28 per share, on revenue
DONG Selects Palfinger Cranes for Borkum Riffgrund 2
Palfinger Marine has won a contract to supply davit cranes for DONG Energy’s 450MW Borkum Riffgrund 2 offshore wind farm in the German part of the North Sea. Palfinger Marine will supply a total of 56 davit cranes which will be installed on the platform of each wind turbine at the site. The offshore
Aker Solutions Lands Another BP Deal
Aker Solutions has been awarded two framework agreements to provide concept and front-end engineering and design (FEED) services for BP globally. The first contract is for feasibility and concept engineering and the second is for FEED services covering the full range of upstream developments. Each a
Shell Files Brent Decom Plan
Shell has submitted a decommissioning plan for the Brent oil and gas field to the Department for Business, Energy and Industrial Strategy (BEIS). Following submission, an extended 60-day public consultation has been initiated on recommendations to decommission the North Sea field. The field, located