Operations & Maintenance
Dolphin Expects Revenue Growth
Oslo-listed Dolphin has announced it expects full year revenue to exceed USD 500 million for 2015, representing a growth of 15-20% compared with 2014. According to the company, the Multi-Client investments will primarily be made in prospective offshore areas. Dolphin expect to allocate 15-20% of 3D
EMAS Sees Profits Rise
EMAS Offshore has reported net profit of US$148.4 million for the first quarter ended November 30, 2014 (1QFY2015), a significant increase from the US$13.0 million for 1QFY2014. The higher net profit is boosted by a US$137.5million bargain purchase gain arising from the completion of the business co
SmartBay Ireland, SmartBay Newfoundland Team Up
SmartBay Ireland has entered into a trans-Atlantic collaboration agreement with the Fisheries and Marine Institute of Memorial University of Newfoundland in St. John’s, Newfoundland and Labrador, Canada, Dublin City University and the Marine Institute Ireland. The Memorandum of Understanding was sig
Report: OW Installation Vessel Market at 3 Bln by 2020
Reportstack has announced the publication of market research report on Offshore Vessels and Cables Market which says that the market is expected to register substantial growth between 2014 and 2020. Reportstack’s report provides an understanding of the type of vessels required for offshore wind farm
Beatrice OWF UXO Survey Starts This Month
BOWL will be undertaking a unexploded ordnance (UXO) survey, scheduled to start in early January 2015. Beatrice Offshore Windfarm Limited (BOWL) is the joint venture partnership formed between SSE Renewables (50%), Repsol Nuevas Energias UK (25%) and Copenhagen Infrastructure Partners (CIP; 25%). Th
No Sign of MH370 After 14000 sq km Seabed Covered
The search for missing Malaysia Airlines flight MH370 has now covered more than 14,000 square kilometres of the seafloor, according to Australia Transportation Safety Bureau latest report. MH370 disappeared on March 8 en route from Kuala Lumpur to Beijing with 239 people on board. Not a single piece
GEV Readies Habitat Structure for Testing
GEV Group has announced that a prototype of its turbine maintenance structure is now complete and ready for field trials. The structure is an inflatable habitat for servicing wind turbine blades, which has been developed to drive down the costs of O&M since it will will dramatically reduce the numbe
TAP Gets New Managing Director
Trans Adriatic Pipeline AG (TAP) has confirmed the appointment of Ian Bradshaw as its new Managing Director starting on 1st February 2015 in Baar. Kjetil Tungland will return to Norway after having headed the joint venture project for over four and half years and having completed his Statoil secondm
Tail of AirAsia Plane Found, Black Box Could Be Near
The SAR on a plane crash QZ -8501 Airasia has entered the 11th day. The latest report from Indonesia’s search and rescue agency confirms that the tail has been found on the seafloor about 30 km from the plane’s last known location. According to BASARNAS the tail was found today in areas of so called
PSA in Bream Project Review
The Petroleum Safety Authority Norway (PSA) has carried out an audit of Premier Oil and the Bream development. Bream is an oil discovery in block 17/12 in the central section of the North Sea, around 110 km from land south-west of Stavanger. The discovery was originally made by Phillips Petroleum Co
EMGS Vessel Utilisation at 69 Pct
Oslo-listed Electromagnetic Geoservices ASA (EMGS) has informed that its vessel utilisation for the fourth quarter 2014 came in at 63% compared with 50% for the fourth quarter 2013. The Company defines “vessel utilisation” as the percentage of the vessel charter period spent on contracted or multi-c
Chevron Hits Anchor Oil in GoM
Chevron Corporation has announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. “The Anchor discovery, along with the previously announced Guadalupe discovery, are significant f
Helix, OneSubsea, Schlumberger in Subsea Well Intervention Alliance
Helix Energy Solutions Group, OneSubsea, and Schlumberger announced the execution of the definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems. The alliance
One Dead After Ship Sinks Off Philippines
One crew member died after a cargo vessel sank off Batangas province in northern Philippines last Thursday, the Philippine Coast Guard (PCG) reported on Friday. The MV Sea Merchant, owned by a Philippine company, Fortune Sea Carrier Inc., sank while carrying 20040 bags of cement and en route to Anti