Operations & Maintenance
Hydrex in Uruguay Propeller Refit
Hydrex diver/technician team performed a successful propeller blade cropping operation on a 190-meter bulker at anchorage in Punta del Este, Uruguay. An underwater inspection revealed that all five blades were bent severely, with three of the blades bent over more than 90°. Cropping was the only opt
Magseis Ends in Loss
Norwegian geophysical contractor, Magseis has ended in red in its first full year of operation. The company, which has a total of 77 full-time employees including 46 seismic crew, recorded net loss second quarter in a row. During the third quarter, the company recorded a $2.0 million net loss, compa
HMAS Gascoyne Conducts Mine Clearing Exercise
The waters in and around Jervis Bay were successfully cleared of ‘mines’ recently, during the Mine Counter Measure and Clearance Diving tactical training exercise – Exercise MULGOGGER. In a fictional scenario, HMAS Gascoyne entered Jervis Bay, in response to the request of a friendly nation, to coun
SeaBird Loss Grows
Norwegian seismic player SeaBird Exploration has plunged deeper into the red on cost of sales, impairments and weak demand. SeaBird generated revenues of $28.1 million in Q4 2014, compared to $38.7 million in the corresponding period in 2013. The decreased revenues are primarily due to reduced contr
Carnegie to connect desalination plant to CETO system
Carnegie Wave has announced that its desalination plant on Garden Island has been commissioned off electricity in advance to its connection to CETO system. After it’s connected to the CETO system, it will be powered by hydraulic energy from Carnegie’s CETO wave units, to produce fresh water from sal
INTECSEA Gets FEED for Buckskin-Moccasin Development
INTECSEA has been selected by Chevron U.S.A. Inc. to provide engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. The award comes as an integrated WorleyParsons and INTECSEA team recently comp
New Guidance on Offshore Wind Farm Cable Burial
New guidance has been published by the Carbon Trust’s Offshore Wind Accelerator (OWA) to give the offshore wind industry a unified, systematic approach to the risk management of cable burial. The Cable Burial Risk Assessment (CBRA) Guidance offers a standardised, repeatable and qualitative method to
Siem Sees Profits Rise
Oslo-listed Siem Offshore has generated fourth quarter operating revenues of USD 137.7 million, compared to USD 95.0 million for the same period in 2013. The operating revenues for the full year were $491.3 million, versus $364.0 million in 2013. In the fourth quarter 2014 (Q4 2014), the company rec
CGG to Cut More as Loss Widens
French seismic contractor CGG announced additional cost reduction plans and further downsizing of its fleet as it falls victim to deterioration in market conditions. In the fourth quarter 2014 (Q4 2014), CGG generated revenues of $ 906 million, down 5 percent year-on-year and up 31% sequentially. Fu
Bumi Armada Profit Slips
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, announced revenue of RM2.4 billion for the year ended 31 December 2014, a 16% increase over the RM2.1 billion secured in FY 2013. For FY 2014, the Group registered EBITDA of RM884.4 million, down by 11%, as compare
CableFish to lower cable installation costs up to 75 percent
The new cable installation device is expected to lower the costs of cable installations for up to 75 percent when compared to the current mechanisms used by the industry, according to Carbon Trust. UK innovator, North Sea Systems, has completed the first full scale trials of its CableFish at EMEC. T
Nautricity Gets EMEC Grid Berth
Scottish tidal turbine developer, Nautricity, has secured a grid connected tidal test berth at the European Marine Energy Centre (EMEC), following successful sea trials at EMEC’s non-grid connected site last year. In 2014, Nautricity tested its CoRMaT tidal energy converter and Hydrobuoy mooring sys
Wave Energy Scotland Gets Financial Boost
Wave Energy Scotland will receive a total of £14.3 million over the next thirteen months, Energy Minister Fergus Ewing announced today. ‘Wave Energy Scotland’ awarded its first contract to a group of 12 former Pelamis employees, led by former Chief Executive of Pelamis Wave Power Richard Yemm, to ca
Nautricity obtains grid-connected test berth at EMEC
Nautricity, a Scottish tidal turbine developer, will now have access to grid connected tidal test berth at the European Marine Energy Centre (EMEC). The announcement follows concluded sea trials of Nautricity’s CoRMat tidal energy converter and Hydrobuoy mooring system at EMEC’s Shapinsay Sound test