Operations & Maintenance
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
Bourbon Stacks More Vessels as Revenues Drop
Bourbon has posted lower adjusted revenues for the quarter ended September 30, 2016 as utilization and daily rates continue to slide. The company said it had stacked 85 vessels as of end-September this year, including 59 shallow water vessels, 22 deepwater vessels and 6 subsea vessels (8 subsea vess
M² Subsea Investing in 32 ROVs
Aberdeen and Houston based M² Subsea Limited, a recently formed subsea services business, has secured a private equity investment to acquire a fleet of 32 remotely operated vehicles (ROVs). M² Subsea is set to become one of the largest independent providers of ROV services globally after attracting
Statoil Presents Trestakk Development Plan
Statoil has submitted a Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be ti
Highlights of the Month: October 2016
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
Highlights of the Month: October 2016
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
GE Oil & Gas Joins Forces with Baker Hughes
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hug
Gallery: SEENEOH test site takes shape
The marine works at the SEENEOH tidal test site, located on the Garonne river in Bordeaux, France, have started last week.
Lukoil Starts V. Filanovsky Field Flows
Commercial production at the Vladimir Filanovsky field in the Caspian Sea was launched on Monday by the president of the Russian Federation Vladimir Putin. The V. Filanovsky field, discovered by Lukoil in 2005, is Russia’s largest oil discovery for the past twenty-five years and the second field com
RenewableUK: Britain Can Cash In On Offshore Wind Know-How Abroad
British companies have already won 115 contracts to provide services for 50 offshore wind projects abroad and can stand to benefit further from 250 offshore wind farms in development around the world, according to a document released by RenewableUK. The document shows that British companies are winn
RenewableUK: Britain Can Cash In On Offshore Wind Know-How Abroad
British companies have already won 115 contracts to provide services for 50 offshore wind projects abroad and can stand to benefit further from 250 offshore wind farms in development around the world, according to a document released by RenewableUK. The document shows that British companies are winn
Palfinger Marine Unveils 3D-Compensation Module for Offshore Cranes
Palfinger Marine has launched a new 3D-compensation module designed for mounting on the company’s knuckle boom, telescopic boom or stiff boom cranes to transfer goods between the service operation vessels (SOVs) and wind turbines or other fixed offshore installations. The 3D-compensation enables pos
Armada Kraken FPSO Starts Offshore Commissioning
The floating, production, storage and offloading (FPSO) vessel for the Kraken development has completed its shore-based commissioning activities at the quayside in Singapore and has also completed the vessel’s inclination testing programme. The FPSO, named Armada Kraken, has left the yard and is now
Normand Maximus Begins Saipem Charter
Solstad Offshore has taken delivery of the offshore subsea construction vessel “Normand Maximus” through the 25/75 owned affiliate, Maximus Limited, with AGC Maritime Yield Fund I LP from Vard Brattvaag. At the same time, the vessel started its 8-year charter contract with Italian contractor Saipem.