Operations & Maintenance
Veja Mate Foundations Installation Complete
Foundations installation has been completed on the Veja Mate offshore wind farm on October 27, 2016, Veja Mate Offshore Project GmbH informed. The foundation contractor Offshore Wind Force VM (OWF), part of Boskalis, installed all 67 foundations in the German North Sea by using Scylla jack-up vessel
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Saab Seaeye manufactures electric powered remotely operated vehicle (ROV) systems for a wide range of professional applications. The range currently extends from the portable
All Veja Mate Foundations In Place
All 67 foundations are now standing in place at the 402MW Veja Mate offshore wind farm in the German North Sea after Offshore Wind Force (OWF) VM installed the last transition piece at the site in the early morning hours of Thursday, 27 October. Construction began in April 2016 when OWF, part of Bos
Tern Sisters Lift Fred. Olsen’s Offshore Wind Unit
Fred. Olsen Ocean’s offshore wind segment reported NOK 428 million operating revenue in the third quarter of 2016, compared with NOK 254 million in the same period in 2015, mainly due to higher utilisation and rates from the jack-up installation vessels Brave Tern and Bold Tern. The segment includes
Aker Solutions Books Lower Quarterly Profit
Aker Solutions has reported a net income of NOK 169 million, or NOK 0.37 in the third quarter 2016 versus net income of NOK 220 million, or 0.75 NOK a year earlier. Revenue declined to NOK 6 billion in the quarter from NOK 7.5 billion a year earlier amid a market slowdown. In Subsea segment Aker [&h
Oceaneering Retires 39 ROVs in Q3 as Red Ink Flows
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. During the corresponding period in 2015, Oceaneering reported net income of $68.5 million, or $0.70 per share, on revenue of $744 million. Adjusted net in
WindEurope: Sweden Should Rethink Its Offshore Wind Policy
Sweden’s cross-party Energy Commission has recently agreed that Sweden should increase its renewables output by 18TWh a year toward 2030, though it stopped short of recommending any major reform of the current certificate scheme, according to WindEurope. The country’s joint certificate scheme with N
Statkraft Starts Preparing Offshore Wind Exit
Norway’s Statkraft has started preparations for the divestment of its offshore wind assets which include the company’s shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects in the UK. A divestment of all shares in Sheringham Shoal requires
TGS to Beef Up Seismic Data Library in MSGBC Basin
TGS said it plans to expand its North-West African Atlantic Margin (NWAAM) multi-client library in the MSGBC Basin with acquisition of more than 11,500 km of long-offset broadband 2D seismic data as well as magnetic and gravity data, in the Republic of Guinea, Guinea Bissau and the AGC joint explora
Oceaneering Wins BP Extension in Angola
Oceaneering and BP have agreed a two-year extension through January 2019 under the field support vessel services contract that was entered into for work offshore Angola on blocks 18 and 31. Under this contract term extension, the Ocean Intervention III will remain chartered through April 2017, with
Javelin to Build Another Offshore Services Vessel for Braveheart
Braveheart Shipping has assigned Javelin International to build the Javelin 25.25, big sister of the Javelin 22.22, delivered in 2012. With this vessel, Braveheart aims to further expand its offshore services in the area of crew tendering, hydrographic and seismological research and survey activitie
Offshore Energy Exhibition & Conference 2016: Where Renewables Met Oil & Gas
With 667 exhibitors, 25,000m² floor space and visitors representing 99 nationalities, Offshore Energy Exhibition & Conference 2016 (OEEC) was not only a great success, the event also grew compared to last year. A great achievement in the current offshore energy market. 11,989 people came to Amsterda
Polarcus Slips into Red
Seismic contractor, Polarcus has posted quarterly loss as its revenues declined over 50 percent when compared to same time last year. The Oslo-listed company reported net loss for the quarter of $17.4 million or $0.03 per share, versus profit of $19.8 million in Q3 2015. During first nine months of
PGS Cuts Down Q3 Loss
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a slight decline in revenue during the third quarter of 2016. The Oslo-listed seismic player, posted quarterly net loss of $29 million or 12 cents per share, compared with $110 million net loss or 51 cents per share in the cor