Operations & Maintenance
Bourbon Sees Revenue Rise 13 Pct
French vessel owner and provider of marine and subsea services, Bourbon, has seen its half-year revenue rise to a record $824.2 million (€759 million) on favorable foreign exchange rate impact. However, the company noted that oil price drop has significantly impacted the market environment in the oi
Red Ink for Polarcus
Seismic contractor, Polarcus, has recorded a net loss fourth quarter in a row on 33% lower revenues from the same quarter a year earlier and approximately $67 million impairments. During the Q2 2015, Polarcus booked revenues of $91.7 million, compared to $137.6 million in Q2 2014. The drop was prima
New WERPO Wave Project Launches in South Africa
Blackbird International Corporation, a renewable sea wave energy technology player, has through its wholly owned affiliate WERPO and Wadamba Technovations, its partner in South Africa, initiated a new power plant project in South Africa. Blackbird has agreed to set up this Joint Venture in order to
WERPO to build wave energy plant off South Africa
WERPO, an Israeli wave energy developer, has announced plans to construct a wave energy plant off South Africa. The implementation of 500 MW wave power plant will be conducted with WERPO’s South African partner Wadamba Technovations Pty, through their joint venture. South Africa’s nearly 3.000 km of
Swiber Lands Latin America Pipeline Gig
Swiber Holdings has secured a US$80 million Letter of Intent to install pipelines and supporting structures for a global energy company in Latin America. Under the contract, Swiber will install monobuoys, pipeline-end manifolds and a submarine pipeline. According to the company, the project will con
Waypoint North: Offshore Wind Attracts European Helicopter Industry
As offshore wind projects are moving further offshore, and turbine manufacturers are installing hoist platforms on their turbines, there is now a growing interest from helicopter operators in learning more about possible market opportunities in the industry, according to Waypoint North, an independe
AquaComms Loads Cable for AEConnect Subsea System
AquaComms Limited announces that cable for its America Europe Connect (AEConnect) subsea fiber optic system is being loaded for deployment. TE SubCom designed, manufactured and is loading this cable system from its factory in Newington, New Hampshire, U.S., onto its cable ship Reliance, one of eight
Marina di Pisa project to make waves off Italy
Elements Works and 40South Energy, Italy-based tidal and wave energy players, are working together to advance Marina di Pisa wave energy project off Tuscany, Italy. When fully completed, Marina di Pisa project will comprise two 40South Energy’s H24 devices that can work both as wave and tidal units,
Huawei Marine Starts Nigeria-Cameroon Subsea Cable Installation
Huawei Marine Networks has started marine installation of the Nigeria-Cameroon Submarine Cable System (NCSCS). The NCSCS system is Cameroon’s first wholly-owned submarine cable with investment provided by the Cameroon Government. Spanning approximately 1,100 km, the NCSCS will directly link Kribi in
Subsea in July
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of July has seen companies forging alliances, industry majors announcing market-adjusting plans, new job cuts, fleet reductions and contract cancellatio
Polarcus Gets LoI for 3D Seismic Project
Polarcus Limited has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project. According to the Oslo-listed company, Polarcus will use its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start
Alcatel-Lucent Delivers PCCS Subsea Link
Alcatel-Lucent Submarine Networks (ASN) has completed the commissioning of the Pacific Caribbean Cable System (PCCS), a 6000km undersea cable linking Florida, in the United States, to Ecuador and which has now entered into commercial service. PCCS is owned by a group of telecommunications operators
Sabella’s D10 cable connection stalls. Retry end of August
Sabella, a French tidal energy developer, has delayed the connection of its D10 tidal turbine with Ushant island, France. As reported earlier, Sabella planned to connect the 1 MW tidal turbine with the Ushant island during the neap tide, between July 24 and 27, but the company stated it was unsucces
Airbus Helicopters Delivers 1st H135 for Offshore Wind Ops
Airbus Helicopters has delivered the first H135 to HTM Helicopter Travel Munich GmbH for offshore wind operations, marking a new milestone for the enhanced version of Airbus Helicopters’ lightweight rotorcraft previously known as the EC135 T3. The H135 is well adapted to the full range of offshore o