Subsea
Atlantis Signs Turbine Supply Agreements for MeyGen Project
Atlantis, owner of the world’s largest planned tidal current energy project, MeyGen, and tidal energy equipment supplier, announces that it has signed a turbine supply agreement with Andritz Hydro Hammerfest to supply three 1.5 megawatt tidal power turbines for Phase 1A of the MeyGen project in the
Concordia to Arrive in Genoa on Sunday
After approximately 30 hours of navigation, the Concordia has travelled for 63 nautical miles at an average speed of 2 knots. According to the latest reports, the convoy is located between Isola d’Elba and Corsica. The sea is calm, while the wind has a North/North East direction with a speed of appr
Statoil Delivers Solid Operational Performance in Second Quarter
Statoil’s second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the No
SeeByte Sells Additional SeeTrack CoPilot Licences to Seatronics
SeeByte, the global leader in creating smart software for unmanned maritime systems, announces the sale of a further five SeeTrack CoPilot licences to Seatronics. This market-leading software will be integrated into Seatronics’ Predator ROV, allowing the system to benefit from improved capabilities.
Lower MultiClient Revenues Impact PGS’ Q2 Results
Petroleum-Geo Services (PGS) released the results for the second quarter with revenues of $337.0 million, compared to $381.7 million in Q2 2013. Second quarter highlight include: – EBITDA of $170.6 million, compared to $209.6 million in Q2 2013, – EBIT, excluding impairments, of $55.3 million, compa
Scotland Announces Designation of 30 Marine Protected Areas
Scotland’s iconic marine species and habitats will be better protected following the designation of 30 Marine Protected Areas. Sites will protect a range of habitats and species including flameshell beds, feather stars, the common skate and ocean quahog, a large mollusc which can live for centuries.
Technip Records Substantial Improvement in Subsea Profitability
On July 22, 2014, Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter was characterized by a substantial improvement in Subsea profitability, exceptionally strong order
140 Miles Left for Concordia to Reach Genoa
After 22 hours of navigation of Costa Concordia, the convoy is now at over 50 miles off Giglio Island with about 140 miles from Genoa Prà-Voltri. At present, navigation speed is 2.0 knots . Weather and sea conditions are good, with calm sea and 6-7 knots of wind from North/North East. The first envi
Rosneft, Ministry of Transport of Russian Federation Ink Cooperation Agreement
Rosneft President, Chairman of the Management Board Igor Sechin and Minister of Transport of the Russian Federation Maksim Sokolov signed an Agreement of Cooperation. The parties agreed upon cooperation in fields relating to the search and rescue of people in distress, prevention and control of poss
Bibby Offshore Hosts Visit of Chancellor of Exchequer George Osborne
Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby Offshore’s new
JIP Findings Result in Flexcom Software Upgrade
Wood Group Kenny (WGK) announced that findings from the first and second phases of a Joint Industry Project (JIP) into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea
Turkey Approves South Stream Offshore Pipeline EIA
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o
Minehunter Rimini Finds Intact Naval Mine in Black Sea
Minehunter Rimini (engaged in the Standing NATO Mine Countermeasures Group 2) identified a mine still with its releasing device in the Black Sea. The discovery was exceptionally uncommon, due to the absence of mud on the device and the still existing connection with the anchor, as well as the physic
BW Offshore to Take 100 Pct Ownership of Petroleo Nautipa FPSO
BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned N