Operations & Maintenance
Trianel and Gesy Team Up to Sell Borkum Electricity
German municipal utility Trianel has partnered up with compatriot Gesy Green Energy Systems to jointly market and sell the electricity produced at the 200MW Trianel Wind Farm Borkum situated in the North Sea. With the latest agreement, the combined portfolio of the two companies now stands at 3.5GW.
Premier: First Oil from Solan by Year End
Premier Oil reported that it continues to anticipate first oil from Solan field before the end of the year. Good offshore productivity and high uptime has been achieved with the Regalia flotel during September and October, the company said. Commissioning of the offshore installation systems required
PGS, TGS JV Wraps Up 5th Acquisition Season Off Canada
PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. With PGS operating four vessels, two 3D and two 2D, the season marked the start of the first MultiClient 3D programs to be acquired by the JV. Th
MTS Hands Over the Sea Slice
UK-based marine service provider Marine and Towage Services Group Ltd. (MTS) has completed the charter to deliver the Sea Slice, a specialist offshore vessel, to its new Danish owners, Advanced Offshore Solutions. The 1996-built Sea Slice, originally designed as an experimental vessel for the US Nav
Taiwanese Offshore Wind Gets O&M Guidelines
BMT Asia Pacific, IT Power and Ramboll have completed the second phase of their project that started in 2014 with an aim to provide Taiwan’s offshore wind industry with a series of guidelines for the future developments around the island. The first phase of the project provided guidelines for the de
Kosmos Hits Gas Offshore Mauritania
Kosmos Energy announced that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a gas discovery. This is the company’s second major discovery of 2015. Based on preliminary analysis of drilling and wireline logging results, Marsouin-1 encountered
McDermott Reports Increase in Revenues
Offshore EPCI player, McDermott, has reported third quarter 2015 revenues of $805.9 million, an increase of $391.3 million, compared to revenues of $414.6 million for the prior-year third quarter. Revenues for the third quarter of 2015 were positively impacted by strong revenue recognition at the IN
Image of the day: H24 fit for next week deployment
40South Energy and Elements Works are conducting final preparations ahead of the next week’s deployment of their H24 wave energy unit off Italy. The 50 kW device has been moved to Livorno harbour, and will be deployed next week as the first phase of Marina di Pisa project. Another H24 device will be
Update: Armed Forces Work on Object Removal near Nord Stream
Swedish Armed Forces will work on identifying and disposing of a ‘piece of munitions’ that was found during routine survey operations near Nord Stream pipeline in Baltic Sea. The object has been located in the Swedish Exclusive Economic Zone (EEZ) approximately 120 km away from the island of Gotland
Wind and Rain Push SSE’s Results
A windy and rainy summer in Scotland and Ireland helped the Perth-based energy company SSE plc improve its total operating profit and profit before tax for the six months to September 30 2015, with over one third of the company’s energy output coming from renewables. SSE reported GBP 701.9 million t
Scotland Needs More Investments to Go 100% Renewable by 2020
Scotland will miss its 100% renewable electricity target set for 2020 without further investments in offshore and onshore wind, according to a new report published by Scottish Renewables. The study shows Scotland is on course to generate the equivalent of 87% of its annual demand for power from rene
Impairment Charges Push E.ON to Record Loss
Germany’s utility E.ON reported an all-time-high EUR 5.7 billion net loss for the first nine months of 2015, largely due to the impairment charges of EUR 8.3 billion recorded in the quarter ended September 30, coming from writedowns in the company’s power plants and its oil and gas division. The com
Nextgen, Vocus to Build Subsea Cable Linking Perth and Singapore
Nextgen Group has signed a Memorandum of Understanding (MoU) for a USD 120 million 50/50 joint venture with Australian network provider, Vocus, to construct and operate a submarine cable between Perth and Singapore. The 4,600km Australia Singapore Cable (ASC) would directly connect Australia to Sing
Lower Activity Levels Hit Subsea 7 Profit
Subsea 7 announced revenue for the third quarter 2015 of $1.2 billion, a decrease of $702 million compared to the prior year quarter. Adjusted EBITDA of $351 million and margin of 29.2% reflected significant progress on several projects and included positive contribution from projects in the final s