Operations & Maintenance
Saipem Hikes Profit
Italian contractor Saipem has seen profit rise despite tough market conditions. The company posted earnings for the first quarter of 2015 (ended March 31, 2015) of €77 million, versus €61 million in the first quarter of 2014. Revenues in the fourth quarter were up, amounting to €3 billion, an increa
Turbines production for Paimpol-Bréhat project kicks-off
The construction of tidal turbines for Paimpol-Bréhat project, developed by EDF, has started, and the turbines are expected to be grid-connected before the end of 2015. The Paimpol-Bréhat demonstration project is located in France, off the coast of Paimpol. DCNS, through its subsidiary OpenHydro, is
Subsea Innovation Revamps LARS
Subsea Innovation has refurbished a Launch and Recovery System (LARS) for a major offshore oil & gas contractor. In its most recent project, the Darlington-based company undertook the complete strip down of the Launch and Recovery System at its new, purpose-built manufacturing facility. The LARS was
Carimin Teams Up with MOS and PAI
Malaysia’s Carimin Engineering has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd. (MOS) and Petro Allied International (PAI). Carimin Engineering has experience and expertise on Hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine ve
Otto Marine’s Creditor Seeks Liquidation
Singapore-based oilfield services firm, Otto Marine, informed that a creditor of the company has filed a winding up application with the Singapore High Court to wind up the Company. The Court has made directions for the application to be heard on 15 May 2015. The total sum claimed against the Otto M
Stork Secures Bibby Offshore Deal
Stork has been awarded a three year Frame Agreement focusing on the UKCS and Norwegian sectors, by Bibby Offshore. It is the first Frame Agreement Stork has signed with Bibby Offshore. The agreement, which comes with two one year extension options, will allow Stork to deliver subsea bolt tensioning
Tullow: TEN Project Development Continues
The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has rejected Côte d’Ivoire’s request that Ghana be ordered to suspend all oil exploration and exploitation in the disputed zone including the TEN Project, Tullow informed. Development work on the TEN Project c
Sterling: CGG Starts Ambilobe 3D Shoot
Sterling has kicked off its planned 3D seismic survey of 1,250 km² over a high-graded portion of the Ambilobe Block, located offshore Madagascar. The acquisition is being undertaken by CGG Services SA, on behalf of the Joint Venture Partners, and completion is expected within 45-50 days. The Ambilob
Siemens Hands Over SylWin1 to TenneT
Siemens has handed over SylWin1, the third North Sea grid connection this year, to its customer TenneT. The German-Dutch transmission grid operator has now put the “world’s most powerful grid connection to date” into commercial operation. The offshore platform of the SylWin1 grid connection is locat
Oil Leak Stops Production from Four Petrobras’ Platforms
An oil leak of about 7,000 liters was detected offshore Brazil, from the pipeline linking four Petrobras’ platforms. As Reuters reports, the leak occurred in the Camorim field, off the coast of the city of Aracajú. According to reports the Brazilian state-run oil company Petrobras has contained and
Keel Laid for Norwegian Research Vessel (Spain)
Gondan Shipyard has celebrated the keel laying ceremony of the new Oceanographic Research Vessel for the Institute of Marine Research (IMR) of Bergen, Norway at its facilities in Figueras. The official keel laying ceremony, marks the start of the assembly of the hull in the slipway. Several represen
McDermott, Hydra in Ghana JV
McDermott has created of a new joint venture, McDermott Marine Construction Ghana Limited (MMCGL), that will pursue key offshore opportunities in Ghana and other developments in the African market. Building McDermott’s presence in Ghana with minority partner Hydra Offshore Group of Accra, Ghana, the
Navy Divers Remove Explosive Ordnance Off Italy
During the weekend of April 21st and 22nd, the Italian Navy conducted an underwater search for explosive ordnance near ” Marina del Cantone ” beach. During the search the Navy team found a bomb of English production with about 120 kg explosives inside. The bomb, found at the depth of seven meters, i
Marshall Islands Discusses on Deep Sea Minerals
The Republic of the Marshall Islands (RMI), with the assistance of the Secretariat of the Pacific Community(SPC)–European Union (EU) Deep Sea Minerals Project, has started public consultations on deep sea minerals. These consultations are with a particular emphasis on the draft national Deep Sea Min