Operations & Maintenance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 31 – November 06). Oceaneering reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three months ended September 30, 2016. At the end of September, Oc
Cape Sharp Tidal makes new EEMP guarantees
Cape Sharp Tidal has made additional commitments to Environmental Effects and Monitoring Program (EEMP), approved by Nova Scotia government, ahead of tidal turbine deployment in the Bay of Fundy.
TechnipFMC Nets Trestakk Field EPCI
FMC Technologies and Technip alliance has received an integrated engineering, procurement, construction, and installation (EPCI) contract from Statoil for its Trestakk field in the Norwegian Sea. The contract was won based on an optimized subsea field layout, accomplished through close collaboration
AHERC readies mooring to support ORPC’s RivGen
Alaska Hydrokinetic Energy Research Center (AHERC) researchers are preparing to deploy hydrokinetic mooring to conduct measurements in support of ORPC’s RivGen Power System.
Harwich International Port Tipped For Galloper O&M Base
Galloper Wind Farm Limited (GWFL) has agreed a lease in principle with Harwich International Port for an Operations & Maintenance (O&M) base for the 336MW Galloper offshore wind farm. GWFL is currently pursuing planning permission in relation to this, Toby Edmonds, Project Director, Galloper Wind Fa
SeaBird Posts Wider Loss
Oslo-listed SeaBird has seen more red ink in the third-quarter 2016, on decreased revenue due to lower utilization and reduced fleet size. The seismic data provider for oil and gas companies posted loss of around $3 million or $0.97 per diluted share for the third quarter of 2016, compared to net lo
Subsea Development Concept Selected for Pil & Bue
The operator of the Pil & Bue discoveries, VNG Norge, has selected a subsea development solution tied back to the Njord platform in the Norwegian Sea as the preferred concept for development of the Pil & Bue. The discoveries are located in the licence PL586, where VNG is the operator with 30% intere
Oil Search Hires Neptune for Diving Work Off Papua New Guinea
Neptune Marine Services has been awarded a diving contract by Oil Search under its existing Master Services Agreement for inspection, maintenance and repair (IMR) works in Papua New Guinea. The contract, for which the engineering phase has started, includes the provision of diving services for facil
Shearwater in CEO Hunt
Shearwater GeoServices, a new marine geophysical company jointly owned by GC Rieber Shipping and Rasmussengruppen, has initiated a process to recruit a permanent CEO. Irene Waage Basili was appointed interim CEO of Shearwater on October 13. In anticipation of a permanent CEO, Waage Basili will tempo
Van Oord Bags Subsea 7 Contracts in Egypt
Van Oord has been awarded two contracts by international contractor Subsea 7 in Egypt. The assignments include the construction of a landfall and the execution of subsea rock installation works, the company informed. The projects are part of the West Nile Delta project, which comprises the developme
Ecosse Subsea Systems, Osbit to Develop New Seabed Trenching Solution
Ecosse Subsea Systems (ESS) said it will invest up to £3 million in developing a water-jetting tool which, reportedly, has the potential to double trench production rates in seabed trenching operations. ESS has awarded a contract to Osbit. The Northumberland-based company will be the lead detail des
Final preparations for Cape Sharp Tidal deployment underway
Cape Sharp Tidal is making final preparations for the deployment of one OpenHydro tidal turbine in the Bay of Fundy before the end of 2016.
Akastor Narrows Q3 Loss
Oilfield services investment company, Akastor, has managed to cut its loss in the third quarter of 2016, despite close to 50 percent revenue decrease on mostly lower impairments compared to the corresponding quarter in 2015. The Oslo-listed company recorded loss of NOK 160 million ($19.6 million) fo
Walney Extension Fund Gives Out First Grants
Thirteen local organisations in Lancashire and Cumbria coastal communities have been awarded grants totalling GBP 250,000 through DONG Energy’s new Walney Extension Community Benefit Fund. Each year, approximately GBP 600,000 will be made available for community projects for the expected 25-year lif