Subsea
Shell Gets Short Life Extension for Draugen
A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to extend the lifetime of the Draugen facility. Draugen is an oil field in the Norwegian Sea, around 150 km north of Kristiansund. A/S Norske Shell (Shell) is the field’s operator. Production on the field began in
Endurance to Begin S.S. Connaught Salvage Ops in July
Endurance Exploration has hired Eclipse to provide ROV and other subsea equipment charter services for investigation, inspection, and salvage of a shipwreck, believed to be that of the S.S. Connaught, located off the coast of New England. Endurance will issue 2,000,000 shares of common stock to Ecli
Telstra’s Pacnet Breached by Hackers
Australian telecommunication company Telstra informed on Wednesday that its recently acquired subsea cable company Pacnet has had a security breach, potentially making its costumers vulnerable. According to reports, Pacnet was hacked on April 3, approximately two weeks before Telstra completed the a
CWind Secures Cabling Support Contract with CT Offshore
CWind has won a contract to supply rigging and cable pull-in services to CT Offshore to support their cable laying project at DONG Energy’s Gode Wind 1 & 2 offshore wind farms. Under the contract, CWind will support the pull-in of the cables at all 97 turbines as well as those connecting the array t
Minesto Gets Welsh Govt Funding for Deep Green
Marine energy company Minesto has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government. The funding is part of the commercial roll out, including the establishment of Minesto UK Headquarters in North Wales and commissioning of the first
Siem Offshore Slumps to Loss
Siem Offshore has seen its profits sink into the red for the first quarter 2015 on currency exchange losses. The Oslo-listed company recorded net loss of $25.5 million compared to net profit of $17.7 million in the year-earlier period. The net loss attributable to shareholders was $25.6 million. Nam
VIDEO: Carnegie Retrieves CETO 5 Unit
Carnegie Wave Energy has successfully retrieved the first of its CETO 5 units after over 4,000 hours of operation and over 8,500 across all three units. The retrieval was successfully completed on the first attempt by using its hydraulic “quick connect” technology to disconnect the unit from the sea
UK Wind Farms Construction Could Impact Harbour Seals
Offshore wind turbine installation could damage the hearing of UK harbour seals, University of St. Andrews researchers said. The team of scientists used GPS data loggers on 24 harbour seals during the installation of offshore wind turbines in the Wash in 2012. The data loggers collected information
Wello Becomes Member of Ocean Energy Europe
Ocean Energy Europe has welcomed the Finnish company Wello as its newest member. Wello’s wave energy converter, Penguin, converts waves to electricity with continuous rotational movement. The 1MW Penguin wave energy converter has been undergoing testing at the European Marine Energy Centre (EMEC) in
Interview with CEO: UIS for New Approach to Subsea Integrity
This year’s Offshore Technology Conference has seen the launch of a new subsea company, Underwater Integrity Solutions (UIS). The Houston-based UIS, is an independent company, focused on underwater integrity, production assurance and life extension for subsea fields. UIS leadership team comprises of
PSW Group Bags COSL Contract
PSW Group has entered into a frame agreement with COSL Drilling Europe for Subsea & Riser Maintenance services of the company’s drilling rigs. The agreement has a duration of 3 years and with an optional period of 2 years. Work under the contract has already commenced. The scope of work is for inspe
Solstad Slips into Red
Oslo-listed Solstad Offshore, has recorded a loss of NOK 236 million ($31.6 million) for the first quarter of 2015 due to currency rate fluctuations, and unrealized currency loss of NOK 355 million ($47.6 million). These results compare with profit of NOK 212 million ($28.4 million) in the correspon
Crew Saved After Fishing Boat Sinks Off Isles of Scilly
Five fishermen have been rescued from a life raft overnight after the fishing vessel Kairos sank 75 miles west of the Isles of Scilly. UK Coastguard received two distress calls just after 23:45 yesterday (May 18, 2015) including an EPRIB from the Kairos that gave a GPS location for the vessel. Falmo
Damen Multi Cat for Green Marine’s Wave and Tidal Ops
Green Marine Energy Support Services, based in Orkney, recently took delivery of a Damen Multi Cat 2712 workboat for its offshore wave and tidal activities. The vessel’s first job was laying the moorings for and towing Green Marine’s heavy-lifting barge and the removal of the HS1000 tidal turbine fo