Subsea
Plans for Rhiannon Wind Farm Fall Trough
Council Leader, Councillor Ieuan Williams, has expressed disappointment that plans to develop a large scale wind farm off the Anglesey coast will no longer go ahead. The proposed 2.2GW Rhiannon Wind Farm, developed by Celtic Array Ltd. (a joint venture ownership of DONG Energy and Centrica), would h
Subsea 7 in Additional $200 Mln Shares Repurchase
Subsea 7 S.A. has announced that the Company’s $200 million share repurchase programme, previously announced on 7 October 2013, has been completed. The cumulative number of shares repurchased as part of this programme was 10,710,315 for a total consideration of $198.8 million. The Company’s Board of
TGS Q2 Profit Dips 11 Percent
TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company’s net pre-funding revenues were USD 60 million, up 39% from Q2 2013. Backlog of USD 22
SI Ocean Delivers Wave and Tidal Deployment Strategy
Funded by the Intelligent Energy Europe programme, the SI Ocean project’s Market Deployment Strategy makes several high-level recommendations for commercialising the emerging wave and tidal energy sectors. The SI Ocean (Strategic Initiative for Ocean Energy) project’s goal is to deliver a common str
Paradigm Sets Up Global HQ in Drumoak
Paradigm Flow Services, the blockage removal experts for the oil and gas sector, has invested $7.1 million (£4.25 million) in a new headquarters and test centre as it advances its global ambitions. The company is taking a 15 year lease on Paradigm House in Drumoak from MacDonald Properties (Aberdeen
Rosneft to Conduct Ecologic Fishery Research in Laptev Sea
For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and obligatory part of licensed si
Osiris Invests in New Launch and Recovery System
Osiris, a provider of diving services and remotely operated vehicles (ROVs) has successfully enhanced their capability with a new LARS. The new LARS includes a TMS (Tether Management System), which is the first of its kind at Osiris, enhancing their capabilities within the market. This inclusion pro
ASV, Planet Ocean Ink Technology Partnering Agreement
ASV Ltd and Planet Ocean Ltd have signed a Technology Partnering Agreement which sees Planet Ocean as the ASV technology partner for marine science applications to provide turnkey solutions for the marine science sector. Initially focussing on ASV’s C-Enduro, a long endurance autonomous surface vehi
Subsea 7 1H Profit Jumps to $400 Million
Subsea 7 S.A. has announced results for the second quarter and first half 2014 which ended on 30 June 2014. Revenue for the quarter was $1.9 billion, an increase of $224 million compared with Q2 2013.Revenue for the half year ended 30 June 2014 was $3.6 billion (1H 2013: $3.1 billion). Net income fo
TGS in Three New Multi-Client Surveys
TGS has announced three new multi-client surveys, a 3D survey offshore Australia, a 2D survey offshore New Zealand and a 3D survey in the West of Shetland region. Nerites Season 2 is the largest 3D survey TGS has acquired to date in the Asia Pacific region and will cover 13,000 km2 in the Great Aust
Det norske Gets Drilling Permit from NPD in Production Licence 553
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 34/7-36 S, cf. Section 8 of the Resource Management Regulations. Wellbore 34/7-36 S will be drilled from the Borgland Dolphin drilling facility, after completing drilling of wildcat well 31/10-1
Apollo South System Field Test Successful
Apollo and Alcatel-Lucent have successfully completed a field trial on the existing Apollo South system, which connects France to the United States, achieving the transmission of 7.2 terabits-per-second (Tbit/s) of data per fiber pair, based on 100 gigabit-per-second (Gbit/s) technology. Made possib
Industry Leaders to Attend Subsea Cables UK Conference
Subsea Cables UK, the trade association for submarine power and telecommunications cables for the United Kingdom and Northern Europe, has announced that its 43rd Plenary will be held at The Essex Golf & Country Club, Colchester, UK, hosted by Zytech Ltd. The Plenary will be held over 1.5 days on the
Norwegian IMR Invites Tenders for Supply of Cables for MUST System
The Norwegian Institute of Marine Research’s (IMR) has issued a tender invitation for the supply of new electro-optical cables. The cables will be used for its MUST system on the “G.O. Sars” research vessel. MUST (Multi-Usage System for Towed vehicle) is used for mapping and volume measurement of fi