Operations & Maintenance
CGG Lays Off 930 and Reduces Fleet to 5 Vessels
French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its transformation plan, the company said today during third-quarter earnings presentation. Furthermore, in the third quarter 2015, as a result of deterioration of market conditions and the
EMGS Bags Another Deal in India
Electromagnetic Geoservices ASA (EMGS) has signed a letter of award with a repeat customer in India. According to the company’s Oslo Stock Exchange filing, the contract is worth approximately USD 15.3 million. The survey, which is located off the eastern coast of India, will be conducted by the vess
Aker Solutions Sees Revenue Slashed by NOK 800 Mln
Aker Solutions has delivered lower third-quarter profit as its revenue dropped some NOK 800 million from the prior-year quarter on subsea services activity decline in the North Sea market. Norwegian oil services company generated net income of NOK 205 million ($23.8 million), or NOK 0.75 per share,
Saipem Completes Pipelaying Work for Ichthys LNG Project
INPEX-operated Ichthys LNG Project has completed the offshore pipelay for its 890-kilometer, 42-inch diameter gas export pipeline that began in June 2014. According to the company, it is the longest subsea pipeline in the southern hemisphere and the third longest subsea pipeline in the world. The ga
Statkraft Signs WaveCraft for Sheringham Shoal
Statkraft has entered into an initial six month charter agreement, with a longer-term extension option, to use the WaveCraft, operated by Tidal Transit, to transport its O&M turbine technicians into its Sheringham Shoal Offshore Wind Farm field. The 317MW Sheringham Shoal Offshore Wind Farm is locat
HMAS Leeuwin Conducts Hydrographic Survey in PNG
Royal Australian Navy (RAN) hydrographic survey vessel, HMAS Leeuwin, arrived in Port Moresby, in late October for a five week surveying task to chart waters in the eastern part of Papua New Guinea. While in Port Moresby Harbour, Leeuwin’s Commanding Officer, Commander Nic Zillman, hosted several di
Renewables En Route to Cover Third of Germany’s Energy Needs
The share of renewable energy input into Germany’s gross national energy requirement is set to hit the 33% mark in 2015 if the unpredictable late autumn stats do not throw a spanner in the works, Germany Trade & Invest reports. Some 193 billion kilowatt hours will come from offshore and onshore wind
Heerema Gears for Alba B3 Jacket Sail Away
Heerema Fabrication Group informed that preparations are being made for the sail away of the Alba B3 jacket to Equatorial Guinea for Marathon Oil’s Alba field third gas compression platform. Heerema is the main EPCI contractor for the 6,000-ton Alba B3 compression platform. The 1500-tons jacket has
ALE and Ravestein Enter Heavylift Joint Venture
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
ALE and Ravestein Enter Heavylift Joint Venture
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
MPA Singapore: Cable Laying to Start in Johor Strait
Maritime and Port Authority of Singapore has informed that from from November 5, 2015 to March 15, 2016, submarine cable laying work will be carried our west of Tuas View Extension, Johor Strait. According to MPA the works will be conducted between 07:00 and 18:00 hours daily, including Sundays and
SapuraKencana Gets Green Light for B15 Gas Field Development
SapuraKencana Energy (SKE), subsidiary of SapuraKencana Petroleum Berhad, has been given the go-ahead by Petroliam Nasional Bhd (Petronas) for the SK310 B15 gas field development project in Malaysia. Following the approval, SapuraKencana said it would start the development phase for this project wit
Hydro Group gets on-board MeyGen
Hydro Group has secured a contract with Atlantis Resources to supply connection systems for the MeyGen tidal array project. Atlantis Resources, the developer behind MeyGen tidal project, has selected Hydro Group to supply the complete export connection system for one of the tidal turbines. The agree
Coretrax Delivers Decom Campaign with Hess
Coretrax, a wellbore clean up and abandonment specialist, has completed a three-year decommissioning contract with operator Hess Corporation for the first designated abandonment campaign of its kind. The project began in 2012, involving 30 well abandonments at the FFFA and IVRR fields in the UK Nort