Subsea
InterMoor Names HR Manager and Business Development Manager
InterMoor UK further expands its management team with two key appointments. InterMoor, an Acteon company, has appointed Lesley Maxwell as group human resources manager and Nick Knight as business development manager for InterMoor Marine Services Ltd. Maxwell has more than 20 years of international e
Narec’s KTP Project to Develop Monitoring Techniques for Tidal Turbines
Narec has been awarded a new Knowledge Transfer Partnership project funded by the Technology Strategy Board in association with Newcastle University. The project which started in May 2014 and runs for three years aims to develop cost effective and feasible condition monitoring techniques optimised f
Sonardyne’s Life of Field Workshops, Platform for Subsea Techniques Discussions
Sonardyne International Ltd.’s latest round of subsea technology workshops were attended by over 100 offshore industry professionals including oil company representatives, hydrographic surveyors, subsea engineers and asset managers. Held over three days at the AECC conference centre in Aberdeen, the
Boskalis Expects Healthy Fleet Utilization Levels
The developments at Royal Boskalis Westminster N.V. in 2014 to date are in line with expectations. Developments Boskalis realized a higher revenue in the first quarter of 2014 compared to the same period in 2013. Adjusted for the acquisition of Dockwise, which was only included in the consolidated f
Installation of Western HVDC Link in Liverpool Bay Postponed
The installation of the shallow water section of the Western HVDC Link Project in the Liverpool Bay has been postponed. The work was planned to begin early May using the Atalanti cable lay barge and support tug Artemis. Western HVDC Link will comprise converter stations in England and Scotland, link
Clare County Council Approves Renewable Energy Resources Strategy
The Elected Members of Clare County Council have approved a long-term strategy to harness County Clare’s renewable energy resources. The Clare County Renewable Energy Strategy 2014-2020 has been incorporated into the Clare County Development Plan following a 4-week long public consultation process e
New Research Centre to Target Future Oil and Gas Production from Danish North Sea
A billion kroner fund from the Danish Underground Consortium (DUC) will target future oil and gas production from the Danish North Sea and potentially create research opportunities for up to 100 scientists. Based at Denmark’s Technical University (DTU) in Lyngby, the new Hydrocarbon Research and Tec
Noreco: Production Resumes in Huntington Field
Norwegian Energy Company ASA (Noreco) has reported that production from the Huntington field in the UK resumed on 11 May, 2014. Production has been interrupted since 12 April, initially for replacement of couplings in the inert gas system on the floating production and storage unit, and then again f
Nautricity Deploys CoRMaT Tidal Turbine at Shapinsay Sound
Nautricity has successfully deployed their CoRMaT tidal turbine at EMEC’s Shapinsay Sound site. The 10m diameter contra-rotating turbine was installed at the site for the first time last week. The company also re-installed their HydroBuoy mooring system which was previously tested, analysed and opti
EU Makes Plans for Better Use of Ocean Resources
The EU has presented an action plan to help make better, responsible use of Europe’s ocean resources. With two thirds of the planet covered by water, the sea’s resources can help us to meet our food, medicine and energy needs. The “blue economy” could also contribute to sustainable growth. However,
Kongsberg Q1: Highest Backlog Level Since 2009
Kongsberg reports Q1 operating revenues of MNOK 3 941 (MNOK 4 033) and EBITDA of MNOK 446 (MNOK 500), resulting in an EBITDA margin of 11.3 per cent (12.4 per cent). New orders were strong in both the maritime and defence segments, totalling MNOK 8 565 (MNOK 3 885) in Q1 and bringing the Group’s [&h
Rising Sea Level to Become Genuine Threat, NOC Study Shows
For 150 million people living in coastal areas around the world, rising sea level will become a genuine threat according to a new international study which found convincing evidence the sea level has been rising over the past 200 years – and continues to rise. “Warming of the ocean and the melting o
Reach Subsea Makes Organisational Changes
Reach Subsea’s Board and management have agreed to make organisational changes since the Company’s current Chairman, Rune Lande, will be absent from November 2014 to March 2015. Kåre Johannes Lie will be nominated as executive chairman and Jostein Alendal will take over as CEO. Rune Lande will leave
Kvaerner Reports Positive Development in Q1 Results
Kvaerner delivered a strong positive development in the financial results compared to one year ago. Operating revenues for the first quarter 2014 were NOK 3 489 million, which is an increase of 31 percent compared to NOK 2 663 million in first quarter in 2013. The EBITDA was NOK 170 million, an impr