Operations & Maintenance
Aker Solutions Cuts Up to 300 Norway Jobs
Aker Solutions has said it will adjust its workforce capacity within the maintenance, modifications and operations (MMO) market in Norway after a continued decline in activity levels. About 300 engineering and project management employees in the Norwegian MMO business may be affected. Necessary adju
Technology behind Swansea tidal lagoon
GE and Andritz Hydro consortium is the preferred bidder for supplying Swansea tidal lagoon with 16 turbines with the combined capacity of 320 MW. Flow is created by gravity through the difference in tidal height between the inside and outside of the lagoon walls. The high power output of 320 MW prod
Dolphin Defies Hard Times
Norway’s Dolphin Geophysical has seen revenues rise in the fourth quarter, despite the challenging seismic market. The company generated fourth quarter revenues of USD 130.5 million, compared to USD 38.8 million in Q4 2013. The increase is primarily due to six vessels in production and increased yea
Reef Subsea Deal Hits GC Rieber
GC Rieber Shipping had a loss of NOK 201.4 million in the fourth quarter 2014, compared with a loss of NOK 73.5 million in the corresponding period in 2013. The negative result in the fourth quarter 2014 is due to loss provisions for the seller’s credit to the HV V Golf companies as well as [&hellip
Technip Takes Profit Dive
French oil services provider, Technip, has recorded net income drop of 40% in the fourth quarter after adjusted non-current items, despite revenue growth. The Company’s adjusted net income fell to 80.1 million euros from 134.5 million euros for the same period in 2013. However, underlying net income
Perth Project Exports Electricity into WA Grid
Wave energy developer Carnegie Wave Energy announced that the Perth Wave Energy Project was formally opened today by the Federal Minister for Industry and Science, the Hon Ian Macfarlane, and is now exporting electricity into the WA power grid. The Perth Project was officially “switched-on” by Feder
Perth Wave Energy Project connects to the grid
Perth Wave Energy Project was formally opened by Ian Macfarlane, the Federal Minister for Industry and Science, and is now feeding electricity to the West Australian power grid. The Project represents the first grid connected CETO wave power plant and the only wave power plant anywhere in the world
Reach Subsea Nets NOK 24.8 Mln in 2014
Oslo-listed subsea operator, Reach Subsea, generated revenue for the fourth quarter 4Q2014 of NOK 84.3 million, compared with NOK 24 million for the 4Q2013. The increase in turnover compared to the last year’s fourth quarter was due to the increased activity as reflected by having four vessels in op
Wood Group Sees Higher Profits
Aberdeen-based Wood Group has recorded a profit rise led by performance in Wood Group PSN Production Services. Wood Group PSN’s Production Services activities delivered strong growth, with revenue up 16.0% and EBITA up 30.4%. This increase is primarily attributable to performance in the Americas, le
Concerns raised over re-opening of Dean Quarry
Local residents are voicing their concerns over the plan to re-open Dean Quarry in fear that it would ruin the stretch of the Cornish coastline. Developers of the Government-backed project Swansea Bay tidal lagoon plan to re-open Dean Quarry near St Keverne in Cornwall to provide rock for the constr
Helix Full-Year Earnings Rise
Houston-based well intervention and robotics specialist, Helix Energy, reported net income of $8.0 million, or $0.08 per diluted share, for the fourth quarter of 2014 compared to net income of $36.5 million, or $0.35 per diluted share, for the same period in 2013. However, net income for the year en
Deep Sea Supply Wins Charters
Deep Sea Supply has secured new contracts for its Platform Supply Vessels. The company has agreed on a 1 year firm plus 1 year options contract with Petrobras for the PSV Sea Brasil for operations in Brazil. According to Deep Sea Supply, the contract is expected start in the second half of 2Q 2015.
EGS Provides Subsea Cable Route Survey in Solent
A-2-Sea Solutions Ltd, a company specialising in the installation and maintenance of subsea fibre optic telecommunication cable systems and on behalf of BT Plc, are developing two new submarine telecommunications cable routes connecting Lumps Fort, Southsea to Puckpool, Isle of Wight. EGS were contr
Industry to Share Ideas at Interspill 2015
The oil and gas industry is set to discuss the importance of maintaining focus on oil spill response across all sectors at the three day Interspill conference and exhibition in Amsterdam from 24 – 26 March. Rob Cox, technical director at IPIECA and Interspill chairman, believes it is crucial that sp