Subsea
Aker Solutions Nets Framework Contract with BP Off Norway
Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The contract has a period of up to two years valued at maximum NOK 1.8 billion, with options to extend the work by as many as four years
FLiDAR Supports Growth by Hiring Engineers
FLiDAR, the European market leader in floating lidar wind measurements has recently strengthened its team with three experienced engineers. Bruce Douglas, General Manager of FLiDAR, said, “Based on recent commercial successes we are delighted to be able to grow the team with talented and experienced
PHOTO: Damen’s Optima Propeller Nozzles for Polarcus Naila
Three Damen companies were involved in the successful Polarcus Naila refit: Damen Shiprepair & Conversion yard ‘Shipdock Amsterdam’, steel construction company ‘Niron Staal’ and Damen Marine Components (DMC). As a partner and supplier of Caterpillar Marine (formerly Berg Propulsion), DMC has provide
Severstal Starts Pipes Shipments for South Stream Project
OAO Severstal, one of the world’s leading steel and steel-related mining companies, has begun shipments of 813 mm diameter pipes for the South Stream Offshore Pipeline. The pipes are manufactured at the Izhora Pipe Mill, part of Severstal’s Russian Steel division. The Mill’s first batch of 39.0 mm w
DP Energy Joins Ocean Energy Europe Board
DP Energy has joined the board of Ocean Energy Europe, the trade association for ocean renewable energy in Europe, as a lead sponsor. The Irish tidal developer has been central to the push which has taken ocean energy to the brink of deploying pilot farms in recent years. They will now bring this ex
FoundOcean Tests Its Latest MGP Units on OWF Jacket (UK)
FoundOcean has announced that the company is trialling its latest range of Marine Growth Prevention units on an unnamed offshore wind farm jacket structure in the UK. “To demonstrate the effectiveness of controlling marine growth with this established technology, we have installed two units on a jac
Paradigm to Continue with Projected Increase in Revenues
A privately held investment fund based in the Netherlands has seen revenues from its portfolio of companies in the North-east grow by 900% in three years. Paradigm Group BV, which was established in late 2009 with a focus on investing in upstream technology, reported a rise in turnover from £1.8mill
Applied Acoustic Launches New Low Cost Release Beacon
A new, compact and lightweight acoustic release beacon has been launched by Applied Acoustic Engineering based in Great Yarmouth, UK. The model, the omni-directional 1519, is part of the company’s 1500 Series that employs spread spectrum technology for added ‘uplink’ reliability. The release beacon
Aubin’s Growth Plan Includes New CFO Appointment
Chemical technology specialist Aubin Group has appointed Katy Gifford as Chief Financial Officer to strengthen its management team and help drive the future growth of the company. Katy brings over 25 years senior management and international experience in the oil & gas industry to Aubin Group. A Cha
Aubin Completes Operational Trial of LiquiBuoy System
Materials technology and engineering specialists Aubin is set to transform subsea lifting after the successful completion of its first operational trial of its LiquiBuoy system. The company conducted rigorous testing of its liquid gel technology at The Underwater Centre in Fort William to prove its
Cobham, Fugro Extend Hydrographic Survey Partnership for Royal Australian Navy
Cobham Aviation Services has been awarded a five year contract extension by Fugro LADS Corporation Pty Ltd to support the provision of hydrographic survey services for the Royal Australian Navy. Cobham will continue to support Fugro in providing this unique service which involves operating an airbor
Tullow’s Gotama Well Ends Up Dry
Tullow Oil plc has announced that exploration well 31/2-21S which was targeting the Gotama prospect, offshore Norway, did not encounter reservoir quality sandstones in the Upper Jurassic main target. The well encountered reservoir quality sandstones in the secondary targets, but these intervals are
NSN Development Falls Under UK’s New Regulatory Framework
The planned interconnector between Norway and the UK will fall under UK’s new regulatory framework for electricity interconnectors. This follows from the criteria the British authorities submitted for consultation 23 May. The UK regulator Ofgem announced 23 May the framework conditions for revenue r
Reach Subsea Delivers Higher Revenue in First Quarter
REACH Subsea has had success in winning new contracts during the quarter and today has an orderbook exceeding NOK 450 million, of which approximately NOK 200 million is related to work for the last three quarters of 2014. REACH delivered a strong EBITDA-margin of 14% on revenues of NOK 48 million, i