Subsea
Escort to Function as MacArtney’s Agent in Poland
The MacArtney Group announced having signed a representative agreement with Escort Sp. z.o.o. to function as official MacArtney agent in Poland. Escort will administer the promotion and sales of MacArtney systems and products on the promising and diverse Polish market for underwater technology. Esco
Subsea Vessel Market Poised for Increase in Demand
The subsea vessel operations market is poised to see an increase in demand in the near term with day rates for some vessels set to increase. Between 2013 and 2017, Douglas-Westwood (DW) forecast $106 billion (bn) of expenditure on subsea vessel operations – an increase of 54% over the preceding five
Hydrex Conducts Underwater Repairs in Poland
In June a fully loaded 229-meter bulker suffered a 14-meter gash and some smaller cracks during a collision just outside the port of Gdansk, Poland. The classification society did not allow the ship to sail on until a temporary repair was made. Because the ship had just been loaded in Gdansk, it was
Ennsub Moves to New Production Facility
Rapidly growing subsea products and equipment firm Ennsub is pleased to announce that it has secured a 14,000 sq ft production and office facility within the high-specification Tees Valley One Twenty scheme which forms part of the prestigious 700 acre Wynyard Park development in the Teesside area of
Statnett Quarterly Financial Results Drop (Norway)
The Statnett Group reports a loss after tax of NOK 20 million in the first quarter of 2013, compared to a profit after tax of NOK 187 million for the same period in 2012. Profit after tax for the first half of 2013 was NOK 64 million, compared to NOK 452 million for the first […]
Scottish Government: Marine Renewables Consultation in Progress
The Scottish Government is currently carrying out public consultation in relation to Marine Planning, Marine Protected Areas and the future of Marine Renewables. This consultation will close on 13th November 2013. Of particular interest to Dumfries and Galloway is the inclusion of proposals for two
Deltares to Research Undersea Cables Protection
Deltares aims to team up with other research institutes and the corporate sector to launch an international research project looking at the protection of undersea cables. The standards in place at present are relatively conservative and open to interpretation. By studying the question, Deltares hope
Harkand Announces Appointment of New CEO
International subsea inspection, repair and maintenance (IRM) group Harkand has announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the offshore en
Fugro Takes Delivery of New Multi-Purpose Coastal Survey Vessel ‘Fugro Helmert’
Fugro’s new offshore survey coastal vessel, R.V. Fugro Helmert, delivered on 6th August 2013 is the latest in Fugro’s fleet renewal programme. Built to Fugro’s specifications for a highly manoeuvrable, versatile survey vessel, Fugro Helmert will enable the group to better respond to the survey needs
Norway: EMGS Announces Second Quarter and First Half Year 2013 Results
EMGS delivered revenues of USD 44.4 million in the second quarter 2013, up from USD 31.7 million in the previous quarter and down from USD 57.1 million in the corresponding period last year. USD 14.8 million of the revenues came from multi-client sales. The Company had an EBITDA of USD 13.2 million
VARD to Build Offshore Subsea Construction Vessel for Farstad
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”). The value of the
Farstad Shipping Reports 2Q and 1st Half Year Results
Farstad Shipping announces that it has achieved an operating income of NOK 996.6 million for the 2nd quarter. The operating profit (EBIT) was NOK 205.4 million and the profit after taxes was NOK 4.1 million. The operating income at 30.06.13 was NOK 1,911.4 million. The operating profit (EBIT) was NO
15 Companies Buy NPD’s Barents Sea Seismic Data Package
As of 19 August, 15 oil companies have purchased the Norwegian Petroleum Directorate’s seismic data package from the southeastern part of the Barents Sea and the ocean areas off Jan Mayen. The 15 companies are: Chevron Norge AS, Idemitsu Petroleum Norge AS, Det norske oljeselskap ASA, AS Norske Shel
Vroon, MPI Vessels Work on Northwind OWF Construction, Belgium
As construction of the Northwind offshore wind farm continues, a number of Vroon and MPI vessels are employed on this project. The windfarm, situated off Zeebrugge in Belgium, will consist of more than 70 offshore wind turbines, providing 216 MW, enough power for 120,000 households. MPI Resolution,