Operations & Maintenance
Dolphin Plans Cuts as Profit Slips
Norway’s Dolphin Geophysical has seen profit dip in the quarter as its 2D seismic division puts pressure on earnings coming from the 3D seismic business. Despite the revenue growth, the Oslo-listed seismic player, recorded Q1 2015 net income of USD 4.6 million, compared to USD 8.1 million in Q1 2014
EMEC: Free technology verification for developers
A competition run by the European Marine Energy Centre (EMEC) offering free Environmental Technology Verification (ETV) to successful technology developers has been launched. Fergus Ewing, the Scottish Energy Minister, announced that the winner of the competition will be taken through the full ETV p
CGG Sees Revenues Slide
French seismic contractor, CGG, has booked a drop in revenues for the quarter, ended March 31 2015, due to the impact of the fleet reduction and to deteriorating market conditions. In the first quarter 2015, CGG generated revenues of $570 million, down 29 per cent compared to Q1 2014 and down 37 per
Alcatel-Lucent, Ocean Networks to Build SAPL Subsea Cable
Alcatel-Lucent Submarine Networks (ASN) and Ocean Networks, Inc. will build a 14,200 km submarine cable system linking Hawaii to South America. The South America Pacific Link (SAPL) system will connect Oahu in Hawaii, Balboa in Panama and Santiago in Chile, providing additional capacity to meet the
James Fisher Buys Mojo Maritime
James Fisher has acquired of the entire share capital of Mojo Maritime Limited (MML). According to reports, the initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 December 2015
Ulstein: Largest X-BOW Toisa Patroklos Almost Ready
Ulstein has reported that at Hyundai Heavy Industries, the ‘Toisa Patroklos’ vessel is nearing completion. The multipurpose offshore construction vessel, a customized Ulstein Deepwater Enabler design, is the largest vessel built featuring the patented X-BOW and the first to be built in Korea. It was
Ceona Lands Mirage Field Job for Bennu
UK-based SURF contractor, Ceona, has been awarded a new deepwater contract with Houston-based Bennu Oil & Gas LLC in the Gulf of Mexico (GoM) on their Mirage field. This contract comes after a first contract was awarded and completed last year for operations on their Clipper deepwater field. The agr
Canyon Supports Technip’s GoM Projects
Helix Energy Solutions’ robotics subsidiary, Canyon Offshore, has executed a Master Charter Agreement (“MCA”) with Technip U.S.A. to provide Light Construction Vessels, ROV services, and tooling in support of Technip’s subsea construction projects in the U.S. Gulf of Mexico. The MCA includes a firm
Atlantis brings business to Nigg Energy Park
Atlantis has granted Global Energy Group (GEG) a preferred supplier status for the provision of certain fabrication, manufacture, assembly and logistical support services. Atlantis will enter into a lease at GEG’s Nigg Energy Park for Shop 1, located in Scotland, and use the facility for turbine ass
Wintershall Hands In Maria PDO
Wintershall and its partners have submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Mar
Cameron, OneSubsea Grab OTC Prize
Cameron and OneSubsea, a Cameron and Schlumberger company, have won Spotlight on New Technology Awards at the Offshore Technology Conference (OTC) by meeting the criteria for new, innovative, proven products of broad interest that have significant impact. Cameron won an award for its Mark IV High Av
WERPO, Guinea-Bissau: USD 500 mln for wave power plant
WERPO has signed an agreement with the Government of Guinea-Bissau, West Africa, for the development of a 500 MW wave power plant off the county’s coastline. The USD 500 mln agreement has been signed for creating a joint venture between the Government of of Guinea-Bissau and WERPO. The Guinea-Bissau
Foundations Work Starts at Kentish Flats Extension
Vattenfall, the Swedish energy company, has started construction on Kentish Flats Extension, expected to cost more than £150mn to build and the only wind farm to be built offshore in UK waters in 2015. Construction started late on Saturday May 2, with the piling of foundations for the 15-turbine sch
Tracerco’s Discovery Completes GoM Work for Shell
Subsea CT scanner for flowlines, Discovery™, has completed the first deepwater deployment on Shell-operated flowlines in the Gulf of Mexico. Discovery™ was developed by Tracerco, part of the FTSE100 Johnson Matthey Plc. The technology is used to establish the integrity of subsea pipeline assets. In