Subsea
Pharos Mobilizing Deepsea Worker for 2016/2017 Ops
Pharos Offshore is mobilizing the DP2 vessel ‘Deepsea Worker’ with a work class ROV, an observation class ROV and a subsea excavation spread, for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing the vehicle support package, whilst Pharos operates
Horizon Geosciences Launches Nearshore Survey Boat
Horizon Geosciences has recently launched nearshore survey boat, the Horizon Echo. The Horizon Echo, weighing about four tons, is set to start work on its first project in Abu Dhabi, the company informed. According to Horizon Geosciences, the vessel is equipped to carry out geophysical shallow water
Airborne to Provide FMECA for Libra TCP Riser
Airborne Oil & Gas has been invited by the Libra consortium to perform a failure mode, effect and critical assessment (FMECA) for a TCP riser that could be used at the Libra field offshore Brazil. The request followed the preliminary feasibility study performed by Airborne and Wood Group Kenny, that
Sonardyne to Boost Subsea Security for Middle East Client
UK-based maritime security company, Sonardyne , has been awarded a contract to service the Sentinel Intruder Detection Sonar (IDS) system that helps safeguard an undisclosed waterside facility in the Middle East from unauthorised access from the sea. Six years after it was commissioned, the underwat
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 09 – May 15). Norwegian shipowner Siem Offshore has terminated the charter party for the offshore subsea construction vessel (OSCV) Siem Spearfish, due to non-performance of the charterer’s obliga
Deep Down Posts Q1 Loss
Subsea oilfield services company, Deep Down, reported quarterly net loss of $0.5 million, or $0.03 loss per diluted share, compared to a net loss of $1.3 million, or $0.09 loss per diluted share for the first quarter of 2015. Revenues for the quarter ended March 31, 2016 were $4.4 million compared t
Subsea 7 Violates the Law, Industri Energi Says
Norway’s offshore union, Industri Energi (IE), believes that oil services company Subsea 7 operates with diver contracts that violate the Norwegian Working Environment Act. Namely, in January this year, Industri Energi carried out an inspection on Subsea 7’s diving vessel Seven Falcon in Haugesund,
Swiber Slips into Red
Singapore-listed EPIC contractor, Swiber, has reported net loss of USD 0.2 million for the first quarter ended March 31, 2016 (1QFY16), compared to profit of USD 70 000 same time last year. The loss per share for 1QFY16 was 0.6 US cents against a loss of 0.4 US cents in 1QFY15. Swiber said its botto
Farstad Books Forex Boost, Unsure in Fixed Market Upturn
Weakening of US dollar has helped the Norwegian shipowner Farstad to bounce back to profit during the first quarter of 2016. Farstad’s profit after taxes (PAT) was NOK 94.2 million, versus the loss of NOK 304.2 million a year earlier. To remind, Farstad also recorded net loss of NOK 1.32 billion for
Revenues Slide, But DOF Subsea Ups Quarterly Profit
DOF Subsea reported profit for the first quarter 2016 of NOK 316 million compared with NOK 139 million profit for the corresponding period in 2015. For the Q1 2016 period, the company had net financial income of NOK 192 million, versus net financial loss of NOK 320 million same time last year. NOK 3
KIVI, DOT to Host ‘Space for Subsea’ Symposium
The Royal Netherlands Society of Engineers (KIVI) and Dispuut Offshore Technology (DOT) will host a symposium “Space for Subsea” on May 18, 2016 in Theater de Veste in Delft, Netherlands. KIVI is a professional organisation for engineers, and with 20,000 members it is the largest engineering society
Shell Reports Subsea Oil Discharge in Gulf of Mexico
A crude oil spill occurred in the Gulf of Mexico from a Shell subsea well-head flow line, approximately 90 miles south of Timbalier Island, Louisiana, Thursday. Shell reported that a two mile by thirteen mile sheen was observed in the area of its Glider field, a group of four subsea wells located in
Scotrenewables Launches 2MW Tidal Turbine
Orkney-based Scotrenewables Tidal Power has launched its 2MW SR2000 tidal turbine at Harland & Wolff Heavy Industries in Belfast. The 550-tonne machine is the first commercial scale machine the company has built. The turbine should undergo preliminary tow trials in Belfast Lough before being towed t
EASME Calls Contractors for Seabed Mapping Gig
The Executive Agency for Small and Medium-sized Enterprises (EASME) in Brussels, Belgium has invited tenders for the provision of high resolution seabed mapping. EASME has been established by the European Commission to manage several EU programmes that turn EU policies into actions in the field of e