Operations & Maintenance
Revenues Down for Forum Energy Technologies
Forum Energy Technologies announced second quarter 2015 revenue of $284 million, a decrease of $144 million, or 34%, from the second quarter 2014. Net income for the quarter was $9 million or $0.10 per diluted share compared to $40 million or $0.41 per diluted share for the prior year period. Exclud
TLP appoints Delivery Director for Swansea tidal lagoon
Tidal Lagoon Power (TLP) has named Mike Unsworth as the Delivery Director for the Swansea Bay tidal lagoon project. Unsworth will join the company in August, and will support Andrew McNaughton in bringing tidal lagoon power plant into service by leading the construction and commissioning activities
RPS Energy, Carnegie Wave complete CETO 6 geophysical survey
RPS Energy has completed the offshore geophysical survey with Carnegie Wave Energy for its CETO 6 project. Marine GeoSolutions managed by RPS Energy, together with Carnegie Wave, have undertaken the survey capturing vital information about the geological characteristics at the site. The findings of
U.S. Navy Units Recover Sunken CSS Georgia
The technicians from EOD Mobile Unit 6 detachment Kings Bay, Georgia, are working to recover portions of history from the sunken Civil War ironclad CSS Georgia in Savannah, Georgia. The Georgia was scuttled by her crew in the Savannah River in 1864 to avoid capture by the Union Army. “EOD Mobile Uni
Gallery: MeyGen Phase 1A works in pictures
Atlantis Resources, the developer behind MeyGen tidal energy project, has announced today, July 23, that the last bore hole for the project has been punched through. The first horizontal directional drilling (HDD) hole was punched through on April 21, followed by the second bore hole drilled on May
Worker Injured on Technip’s North Sea Atlantic Vessel
Following media reports about the accident on board Technip-run multi-purpose construction vessel, the North Sea Atlantic, Technip has confirmed that one offshore worker has been injured. Following treatment on board, the injured crewman was transferred to Gilbert Bain Hospital in Lerwick by helicop
Weak Market Conditions Impact PGS’ Performance in Q2
Petroleum Geo-Services’ (PGS) marine contract revenues and margin were negatively impacted by the weak market conditions and slightly more idle time than expected in the quarter. The company reported revenues of $255.8 million, compared to $337.0 million in Q2 2014. In Q2 2015, revenues for PGS decr
Oceaneering Cease BOP Manufacturing; Posts Profit Fall
Oceaneering International generated net income of $65.5 million, or $0.66 per share, on revenue of $810.3 million. Excluding the impacts of a $9.0 million inventory write-down, or $0.06 per share, and $6.0 million of net foreign currency exchange losses, or $0.04 per share, adjusted net income was $
Ashtead Supports Survey of HMAS Sydney
An Aberdeen based Ashtead Technology has donated subsea equipment to help discover what caused the loss of 645 crewmen when the HMAS Sydney sunk on November 19, 1941, during Second World War. The vessel had gone missing following a battle with the German cruiser Kormoran, which also sank. The final
7 MW Fukushima Turbine Preparing for Installation
Fukushima Offshore Wind Consortium plans to tow the 7 MW wind turbine from Onahama Port to its offshore site on July 31-August 1 and moor it in the following 20 days. Then, from August 20 to September 30, the developer plans to carry out the laying and burying of riser cable at the Fukushima Experim
7 MW Fukushima Turbine Preparing for Installation
Fukushima Offshore Wind Consortium plans to tow the 7 MW wind turbine from Onahama Port to its offshore site on July 31-August 1 and moor it in the following 20 days. Then, from August 20 to September 30, the developer plans to carry out the laying and burying of riser cable at the Fukushima Experim
Caley IWOCS System Completes Manifold Tests
A portable Intervention Work Over Control System (IWOCS) deployment system developed by Caley Ocean Systems has been used to successfully test the manifold functions on four deepwater subsea manifolds post installation. Deployed from a vessel of opportunity, the IWOCS deployment system enabled the s
VBMS Repairs Cable at Trianel Windpark Borkum Phase 2
VBMS completed the repair of an inter-array cable at Trianel Windpark Borkum phase 2. The scope of work included the removal of the defective cable, and installation, burial, terminations and testing of a replacement cable. The total operation took less than 48 hours, the company said. The works wer
Global Marine Nets Subsea 7 Contract in North Sea
Global Marine secured a contract to provide personnel and equipment that will support the delivery of a submarine fibre optic link between North Sea platforms on behalf of client, Subsea 7, and end user BP. Global Marine will be providing jointing personnel to work with Subsea 7 in delivering platfo