Operations & Maintenance
Divers Discover Ancient Marine Cargo Off Israel
Israel Antiquities Authority archaeologists diving in the ancient harbor in the Caesarea National Park recovered statues, thousands of coins 1,600 years old and other finds from the seabed. A discovery by two divers in the ancient port of Caesarea in the Caesarea National Park before the Passover ho
Shell: Repairs to Begin at Glider Field
Shell has been given green light by the U.S. Bureau of Safety and Environmental Enforcement (BSEE) to start repairs at Glider field, following the release of oil from its subsea infrastructure last week. Glider field is located in Green Canyon Block 248 in the Gulf of Mexico. The incident was report
Interview: Specialized Vessels Give Chevalier Floatels a Competitive Edge in Offshore RE Industry
Oil and gas offshore service vessel operators are becoming increasingly interested in the offshore renewables industry as their main market deteriorates; however, vessel operators that specialize in the renewables sector such as Chevalier Floatels have an edge over the new competitors in that their
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 09 – May 15). Norwegian shipowner Siem Offshore has terminated the charter party for the offshore subsea construction vessel (OSCV) Siem Spearfish, due to non-performance of the charterer’s obliga
Subsea 7 Violates the Law, Industri Energi Says
Norway’s offshore union, Industri Energi (IE), believes that oil services company Subsea 7 operates with diver contracts that violate the Norwegian Working Environment Act. Namely, in January this year, Industri Energi carried out an inspection on Subsea 7’s diving vessel Seven Falcon in Haugesund,
Swiber Slips into Red
Singapore-listed EPIC contractor, Swiber, has reported net loss of USD 0.2 million for the first quarter ended March 31, 2016 (1QFY16), compared to profit of USD 70 000 same time last year. The loss per share for 1QFY16 was 0.6 US cents against a loss of 0.4 US cents in 1QFY15. Swiber said its botto
Farstad Books Forex Boost, Unsure in Fixed Market Upturn
Weakening of US dollar has helped the Norwegian shipowner Farstad to bounce back to profit during the first quarter of 2016. Farstad’s profit after taxes (PAT) was NOK 94.2 million, versus the loss of NOK 304.2 million a year earlier. To remind, Farstad also recorded net loss of NOK 1.32 billion for
First Tower Sections for Burbo Bank Extension Reach Belfast
The first tower components for the 258MW Burbo Bank Extension project have begun arriving at MHI Vestas’ pre-assembly site in the Belfast Harbour. The middle tower sections which arrived this week will support the 32 MHI Vestas V164-8.0 MW wind turbines at the Burbo Bank wind farm located in Liverpo
Revenues Slide, But DOF Subsea Ups Quarterly Profit
DOF Subsea reported profit for the first quarter 2016 of NOK 316 million compared with NOK 139 million profit for the corresponding period in 2015. For the Q1 2016 period, the company had net financial income of NOK 192 million, versus net financial loss of NOK 320 million same time last year. NOK 3
Gallery: World’s largest tidal turbine launched in Belfast
Orkney-based Scotrenewables Tidal Power has launched its 2 MW SR2000, the world’s largest energy generating tidal turbine.
Shell Reports Subsea Oil Discharge in Gulf of Mexico
A crude oil spill occurred in the Gulf of Mexico from a Shell subsea well-head flow line, approximately 90 miles south of Timbalier Island, Louisiana, Thursday. Shell reported that a two mile by thirteen mile sheen was observed in the area of its Glider field, a group of four subsea wells located in
EASME Calls Contractors for Seabed Mapping Gig
The Executive Agency for Small and Medium-sized Enterprises (EASME) in Brussels, Belgium has invited tenders for the provision of high resolution seabed mapping. EASME has been established by the European Commission to manage several EU programmes that turn EU policies into actions in the field of e
NGU in Petromaks 2 Hydrocarbon Migration Modelling
Geological Survey of Norway (NGU) is looking for consultancy services on migration modelling of hydrocarbons within Petromaks 2, ‘Norcrust’. Petromaks 2, Norcrust is a collaborative project lead by the Geological Survey of Norway (NGU). Partners are ‘Cage – Center for Arctic Gas Hydrate, Environment
SINN Power starts long-term WEC trials
German wave energy company SINN Power has started the long-term trials of its wave energy converter module installed in Crete, Greece.