Subsea
Olympic, Boa Marine in Dispute over Olympic Boa
Boa Marine Services has made an early re-delivery of Olympic Boa, a multi-purpose subsea support and construction vessel. According to Olympic, the company is in dispute with Boa Marine Services on settlement for the remaining contract period for the vessel. BOA Marine Services chartered the vessel
VIDEO: Fabrication of Culzean WHP Jacket
The video shows the construction of the wellhead platform jacket for Maersk Oil’s Culzean field, located offshore UK. The jacket, 114 meters tall, left the Heerema’s Vlissingen yard mid April onboard a barge which transported it to its location in the Central North Sea approximately 200 km east of A
CCB Gets Statoil Subsea Equipment Maintenance Job
Coast Center Base (CCB) has signed a nationwide contract with Statoil for the maintenance of subsea equipment and tools. The contract, which comes into effect immediately, includes demobilization, storage maintenance and overhauling of subsea equipment that forms part of Statoil’s underwater tools p
Fugro to Cut 600 More Jobs
Fugro, a subsea and survey specialist, plans to reduce its workforce for additional 600 positions in the coming quarters. Staff number was lower by 1,664 compared to the first quarter 2015, according to the company’s earnings report. Furthermore, Fugro’s year-on-year revenue declined 23.4% due to lo
Shell Gets Consent to Use Subsea Wells on Draugen
Norske Shell has received consent to use two subsea wells on Draugen field. Shell is the operator of Draugen oil field, located at Haltenbanken in the Norwegian Sea, around 150 kilometers north of Kristiansund. Production from the field began in 1993. In 2013, Shell initiated a programme to drill fo
Olympic Delta Secures Work in Renewable Sector
Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client. The vessel, with the length of 92.55 meters, will be employed in the renewable energy sector. According to the company, the contract will start in August and h
Forum Posts Quarterly Loss
Houston-based oilfield products company, Forum Energy Technologies, has recorded a net loss of $23 million or $0.25 per diluted share for the first quarter 2016, compared to net income of $29 million, or $0.31 per diluted share, for the prior year period. Forum generated revenue of $159 million, com
US Navy Shifts R/V Melville to Philippine Navy
U.S. Navy transferred ownership of the research vessel (R/V) Melville to the Philippine Navy, during a ceremony at the Naval Base San Diego. R/V Melville, named after George Melville, an explorer and rear admiral in the United States Navy, was launched from La Jolla, California, in 1968. It was oper
Sonardyne Supports Guidance Marine in Brazil
Guidance Marine has signed a memorandum of understanding (MoU) with Sonardyne Brazil to provide support for its Artemis product in Brazil. Under the terms of the MoU, Sonardyne will be able to carry out equipment servicing and repair for the Artemis system, a microwave position reference sensor for
OFG Appoints SPS as Malaysian Representative
Ocean Floor Geophysics (OFG) have appointed Salcon Petroleum Services (SPS) as their agent in Malaysia. The agreement was signed between OFG CEO Matthew Kowalczyk and the CEO of SPS Thomas Sjoberg, in Kuala Lumpur, Malaysia. Under the agreement, SPS will provide marketing support in Malaysia for all
Technip Posts Profit Rise
French oil services provider, Technip, posted net income of €114.4 million for the first quarter 2016 compared to €86.1 million in the same period last year. Adjusted revenue for the first quarter was €2.76 billion, down 4.2 percent from €2.88 billion a year ago. In addition, the company reported a
McDermott Completes Otis Subsea Tieback for LLOG
McDermott International has completed the deepwater subsea tieback from the Otis well to the Delta House floating production system in the Gulf of Mexico. McDermott’s Lay Vessel North Ocean 105 (LV 105) completed the work, on behalf of LLOG Exploration Offshore, in Mississippi Canyon 79 in water dep
PHOTO: Siem Names New Cable Laying Vessel
Siem Offshore’s new cable laying vessel, Siem Aimery, was named on Wednesday at the Remontowa Shipyard in Gdansk, Poland. The godmother and sponsor of the vessel was Karin Muck, wife of Lars Muck, business area manager of Siem Offshore Contractors. The vessel, designed by VARD, is 95.3 meters long a
Subsea 7 Stacks Two More Vessels
Oil services company, Subsea 7 has recorded a net income of $147 million in the Q1 2016 compared to $151 million in the Q1 2015. During the quarter Subsea 7 released one chartered vessel and stacked two owned vessels, including Seven Waves which returned to Europe for extensive repairs following dam