Subsea
MMT to Exhibit at Oceanology International
Sweden’s marine survey specialist, MMT, will be showcasing at Oceanology International at London ExCel, on March 15-17, 2016. MMT, which celebrates 40 years in the marine survey business this year, will showcase their latest developments and results on its Surveyor Interceptor ROV. The Surveyor Inte
Norfolk Marine, Geomara Team Up
Norfolk Marine and Geomara have signed a cooperation agreement to work together to provide a range of interrelated maritime services. The agreement should bring together Norfolk Marine’s experience as a specialist marine contractor operating vessels, dive teams and Inspection class ROV’s with Geomar
Statoil Hits Gas Near Oseberg South
Statoil, operator of production licence 104, has completed drilling of wildcat well 30/9-28 S, located about 5.5 kilometres west of the Oseberg South field in the central part of the North Sea and 140 kilometres west of Bergen. The well encountered an approx. 20-metre gas column, of which 10 metres
Tidal Array Cabling Solution Project Completed
The final phase of a project to investigate cost-effective methods of cable laying for tidal power arrays, with the aim of helping accelerate development of the marine energy industry, has been completed in Orkney. Funded by Scottish Enterprise, the £2.4m Tidal Array Cabling Solution project was lau
EMO Monitoring System for Cape Sharp Tidal Project
EMO Marine Technologies of Dartmouth, Nova Scotia has been awarded a contract with Open Hydro for the Cape Sharp Tidal project. OpenHydro, a DCNS company, has partnered with Emera to create the Cape Sharp Tidal project. The Cape Sharp Tidal project will deploy a fully connected 4MW tidal array of in
Novacavi to Supply Cable for ENI’s Adriatic Sea Project
Novacavi has been engaged in a pilot project for ENI (Ente Nazionale Idrocarburi – National Oil Board) platforms subsidence monitoring in Adriatic Sea. Novacavi will provide a specially designed custom pressure resistant cable for a new submarine hydraulic digital profile meter to be laid on the sea
Rem Sinks on Impairment
Norway’s Rem Offshore has posted forth-quarter 2015 net loss of NOK 161.1 million ($18.7 million), compared to profit of NOK 25.4 million or $3 million in a year-ago period. In the fourth quarter, Rem recorded operating revenue of NOK 289.3 million compared to NOK 392.5 million in Q4 2014. Full-year
Saipem Books EUR 806 Million Loss in 2015
Saipem, has seen its loss grow some 250 per cent in 2015 when compared to prior-year result. Namely, the Italian oilfield services player, has recorded net loss of €806 million for the year 2015 and widened the loss of €230 million in 2014 by some €576 million ($635 million). The company posted earn
Expro Bags Statoil Subsea Award
International oilfield services company, Expro, has secured a new framework agreement with Statoil in the Norwegian Continental Shelf (NCS). The agreement, for three years with options to extend for three, two-year periods will see Expro provide subsea services and well control systems delivering it
Siem Slumps to Loss
Siem Offshore has seen red again as impairments and the challenging OSV market sank the company into a quarterly loss. The Oslo-listed company recognised net loss of $116 million compared to net profit of $15.5 million in the year-ago quarter. The net loss attributable to shareholders was $108.3 mil
Production Starts from Total’s Vega Pleyade Field
Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 million cubic meters of gas per day (70,000 barrels of oil equivalent per day (boe/d)). “Vega Pleyad
Volstad Modifies Canyon Offshore Charter Deals
Volstad Maritime and its related operating companies, Grand Canyon Operation and Grand Canyon Operation 2, have agreed to revise their current charter agreements with Canyon Offshore, the robotics subsidiary of Helix Energy Solutions Group. The agreements revised are for three vessels: M/V Grand Can
DEME and Siemens Ink Hohe See Foundation Contract
DEME Group’s offshore marine engineering devision GeoSea and Siemens have concluded an EPCI foundation contract for the Hohe See offshore wind farm. The Hohe See offshore wind farm (owned by EnBW) is situated approx. 90 km north of the island of Borkum in the German North Sea. The project will cover
Technip Hikes Q4 Profit
French oil services provider, Technip, posted higher fourth-quarter (4Q 2015) net income, boosted by better-than-expected revenue increase. In the fourth quarter 2015, Paris-based subsea major generated adjusted revenue of €3.11 billion, an increase of about 11% compared to €2,81 billion in 4Q 2014.