Subsea
Subsea 7 to Support Centrica’s NCS Pojects
Subsea 7 has been awarded a long term agreement with Centrica to provide support to Centrica throughout early phase Concept engineering, FEED, SURF project execution and Life of Field operations. The agreement is applicable to the Centrica portfolio on the Norwegian Continental Shelf and has a durat
Spectrum Books Loss
Norwegian multi-client seismic data specialist, Spectrum, has slid into the red following lower revenue warning earlier this month. The Oslo-listed company reported third-quarter net loss of USD 5.1 million on revenue of USD 18.2 million, versus net income of USD 13.7 million on revenue of approxima
VBMS Bags Cabling Deal for Galloper OWF
VBMS has been awarded two contracts with a total value of approximately EUR 200 million by Galloper Wind Farm Ltd., a joint venture between RWE Innogy UK, Siemens Finance and Green Investment Bank, for the Galloper Offshore Wind Farm. VBMS signed a contract for the export cabling scope in a consorti
GE Oil & Gas Acquires Advantec
GE Oil & Gas has agreed to acquire Advantec, a provider of subsea intervention equipment and services. Advantec will operate under the existing name and management team as part of GE Oil & Gas’ Subsea Services & Offshore division. As such, it will continue to supply products and services directly to
New Decision Support Tool for BOP Retrieval from DNV GL
DNV GL is introducing the BOP-RDT, a real-time, risk-informed BOP retrieval decision support tool to enable operators to determine when to retrieve the BOP for repair after a detected component failure. Developed at DNV GL’s R&D Center in Rio de Janeiro, the BOP-RDT tool provides the most comprehens
Aibel Wins Field Development Job for Centrica
Centrica Energy Norway has awarded Aibel a frame agreement for Field Development projects on the Norwegian Continental Shelf. The duration of the agreement is five years plus options for an additional five years, the company informed. All project phases are included in the agreement, from various st
Alewijnse Delivers Electrical Repairs on RV Belgica
System integrator Alewijnse Marine Systems has successfully completed electrical repairs on the Belgica, a research vessel owned by the Belgian state. Alewijnse has also launched an appraisal of a possible limited lifetime extension for the ship. RV Belgica suffered water damage to the engine room o
Damen Names First Shoalbuster 3009 for SMIT Amandla
The naming ceremony for the first of the two Damen Shoalbusters 3009 being built for SMIT Amandla Marine at Damen Shipyards Cape Town (DSCT), was held today. Jenny Coltman, Spouse of the Chairman of De Beers Group Services, named the vessel Aukwatowa. The Shoalbuster series of multi-purpose, shallow
Rolls-Royce to Power Jumeirah New DSV
Rolls-Royce has signed a contract with Huangpu Wenchong Shipyard in China for a package of ship equipment for a new 124 meter long Dive Support Vessel (DSV). The vessel will be designed by Skipsteknisk in Norway, and is to be delivered in 2017 to its owner, Singapore based Jumeirah Offshore. The DP3
Australia Unveils New Research Icebreaker for Antarctica
The Australian Government has provided the first look at Australia’s new icebreaker that will offer scientists an extended access to the Southern Ocean and Antarctica. The new, custom built icebreaker will be uniquely tailored to meet Australia’s needs. It will be faster, larger, stronger and offer
Polarcus Swings to Profit
Seismic contractor, Polarcus, has seen its revenues rise 44% over Q2 2015, driven by high vessel utilization and strong multi-client prefunding. Despite one vessel less in operation, revenues also inceresed 16 per cent year-over-year from $114.3 million to $132.2 million. According to Oslo-listed co
Siem Offshore Slides to Loss
Siem Offshore has seen red in the third quarter as the challenging OSV market continued the negative trend from the previous quarters with softening rates and decreasing utilization. The Oslo-listed company recorded net loss of $9.8 million compared to net profit of $23.3 million in the year-ago qua
Technip Lifts Profit
French oil services provider, Technip, posted higher third-quarter (3Q 2015) net income, boosted by an overall increase in activity, positioning the company on path to deliver its full-year goals. In the third quarter 2015, Paris-based subsea major generated adjusted revenue of €3.1 billion, an incr
CT Offshore to Install Walney Extension OWF Cables
CT Offshore signed an agreement to install 87 inter-array cables on DONG Energy’s Walney Extension Offshore Wind Farm. “It is a very important contract to sign for CT Offshore. We are proud to be the selected company for this important project. It is a huge recognition of our experienced crew both o