Subsea
Spectrum Posts Profit Drop
Norwegian seismic contractor Spectrum has reported a decline in profit in the second quarter 2015 on a year-on-year basis as revenues dropped some 23 per cent compared to revenues same time last year. Nevertheless, the Oslo-listed company bounced back to profit on a quarterly basis after taking a ne
NOC, WWF Start New Marine Robotic Vehicle Trials
The National Oceanography Centre has begun the latest in a series of marine robotic vehicle trials off the UK coast. Working in partnership with the World Wildlife Fund (WWF), NOC has deployed a submarine glider and an autonomous surface vehicle into the Celtic Deep area of the Celtic Sea – the two
Sea Measurements South of Pulau Bukom Kechil
GAC Singapore has informed that from August 24 to September 11 underwater sea measurement will be carried out south of Pulau Bukom Kechil. According to GAC, working hours will be between 0900 – 19:30 daily, excluding Sundays. The monitoring of the underwater sea measurement will be carried out from
IMCA Revises Multibeam Echosounder Guidelines
‘Guidelines for the Use of Multibeam Echosounders for Offshore Surveys’ has been revised by members of the International Marine Contractors Association’s (IMCA) Offshore Survey Division Management Committee, to bring it up-to-date with current technology and practice. “The growth in the use of multi
Farstad Slumps to Loss
Norway’s Farstad Shipping has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Namely, Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46.7 million a year earlier. Furthermore, first-half (1H 2015)
Energinet.dk to Replace Anholt Subsea Cable
Energinet.dk is planning a replacement of two sections of the submarine cable at the Anholt offshore wind farm during September and October. In February, there was an error in the submarine cable that connects the Anholt offshore wind farm to the grid on land. Since then, Energinet.dk in cooperation
Viking Neptun Boosts Eidesvik
Norwegian vessel owner, Eidesvik Offshore, has seen its second quarter 2015 profit after tax at 144.7 million Norwegian kroner ($17.5 million) versus a loss of 1.9 million kroner (approx. $230K) same time last year. Furthermore, the Oslo-listed company bounced back from a first-quarter loss of NOK 1
ITF Calls for Proposals to Cut Costs of Well Plugging and Abandonment
The Industry Technology Facilitator (ITF) has launched a call for proposals for new technology solutions to deliver cost efficiencies in through tubing logging during plugging and abandonment operations. Organisations that are developing new technologies that specifically address the quality of ceme
GC Rieber Ups Q2 Profit
GC Rieber Shipping has swung back to profit compared to the previous quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. In the second quarter of 2015, GC Rieber Shipping had a profit of NOK 103.4 million ($12.5 million), compared with a profit of
Nord Stream Maintenance Complete
Nord Stream AG conducted annual maintenance works on its twin gas pipeline system between August 11 and 20, 2015 with a temporary shutdown of both lines. Regular maintenance works are an essential part of Nord Stream’s long-term pipeline integrity management strategy to ensure that the pipelines wil
Kongsberg Creates Seaglider AUV European Support Centre
Kongsberg Maritime announces the creation of a European support centre in Southampton, UK, for its Seaglider autonomous underwater vehicle (AUV). Seaglider is a buoyancy driven AUV manufactured by Kongsberg Underwater Technology in Lynnwood, Washington, USA. The product has been designed to be as ef
Siem Offshore Stays Down
Siem Offshore has plunged deeper into the red, following a net loss in the previous quarter, as the challenging OSV market takes its toll. The Oslo-listed company recorded net loss of $45 million compared to net profit of $12.1 million in the year-earlier period. The net loss attributable to shareho
Indonesia Sinks 38 Vessels
Indonesian authorities sank 38 fishing vessels that were caught for illegal fishing. According to media reports, 34 of the vessels are foreign and 4 are Indonesian vessels. The sunken vessels include the ones from Vietnam, Malaysia, Thailand and Philippines. All the sunken vessels were caught in ill
EMGS in Barents Sea and Norwegian Sea Data Sale
Electromagnetic Geoservices ASA (EMGS) has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data. The data will be provided from EMGS’ multi-client data library over the Barents Sea and the Norwegian Sea. As EMGS reported, the contract is worth USD 1.6