Subsea
Carnegie Prepares for First CETO 5 Unit Maintenance
Wave energy developer Carnegie Wave Energy Limited announces that the three CETO 5 units have now accumulated more than 7,500 continuous operating hours. The first CETO 5 unit has now been operating for over 4,000 hours, with the second CETO 5 unit achieving over 2,000 operational hours. The third C
Akastor Stays in Red
Oilfield services investment company, Akastor, has posted a loss of NOK 251 million ($32.4 million), compared with NOK 3.26 billion ($421 million, NOK 3.23 billion from discontinued operations) in the corresponding period in 2014. The Oslo-listed company remained in red following the fourth-quarter
Subsea UK Calls for Papers Prior to ROV 2015 Conference
Subsea UK has launched a call for papers for the annual conference, now in its third year, which is focused on remotely operated vehicle activities. Namely, the UK industry body is urging industry experts to step forward and voice their concerns over the challenges currently facing the sector as a r
Global Marine Lands Tampnet Double
UK-based Global Marine Systems Limited has landed a pair of contracts from Tampnet, who operates the “largest offshore high-capacity communication network in the world” in the North Sea and the Gulf of Mexico. The first project is for a platform to platform cable system that includes four branching
IMCA Launches Intro to INS
The International Marine Contractors Association (IMCA) published ‘An Introduction to Inertial Navigation Systems’ (IMCA S 022) produced for the association by Gordon Johnson under the direction of the IMCA Offshore Survey Division Management Committee. IMCA published this introduction due to the in
Saipem Hikes Profit
Italian contractor Saipem has seen profit rise despite tough market conditions. The company posted earnings for the first quarter of 2015 (ended March 31, 2015) of €77 million, versus €61 million in the first quarter of 2014. Revenues in the fourth quarter were up, amounting to €3 billion, an increa
Keynvor MorLift Expands ROV Fleet
Keynvor MorLift Ltd has added a second Saab Seaeye Cougar XT to their ROV fleet. Keynvor MorLift (KML) specialises in deploying Cougars for operational, installation and maintenance work at tidal energy project sites in the UK and Northern Europe, Saab Seaeye wrote. “Being able to work in a strong t
Subsea Innovation Revamps LARS
Subsea Innovation has refurbished a Launch and Recovery System (LARS) for a major offshore oil & gas contractor. In its most recent project, the Darlington-based company undertook the complete strip down of the Launch and Recovery System at its new, purpose-built manufacturing facility. The LARS was
Carimin Teams Up with MOS and PAI
Malaysia’s Carimin Engineering has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd. (MOS) and Petro Allied International (PAI). Carimin Engineering has experience and expertise on Hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine ve
Otto Marine’s Creditor Seeks Liquidation
Singapore-based oilfield services firm, Otto Marine, informed that a creditor of the company has filed a winding up application with the Singapore High Court to wind up the Company. The Court has made directions for the application to be heard on 15 May 2015. The total sum claimed against the Otto M
Stork Secures Bibby Offshore Deal
Stork has been awarded a three year Frame Agreement focusing on the UKCS and Norwegian sectors, by Bibby Offshore. It is the first Frame Agreement Stork has signed with Bibby Offshore. The agreement, which comes with two one year extension options, will allow Stork to deliver subsea bolt tensioning
Tullow: TEN Project Development Continues
The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has rejected Côte d’Ivoire’s request that Ghana be ordered to suspend all oil exploration and exploitation in the disputed zone including the TEN Project, Tullow informed. Development work on the TEN Project c
Sterling: CGG Starts Ambilobe 3D Shoot
Sterling has kicked off its planned 3D seismic survey of 1,250 km² over a high-graded portion of the Ambilobe Block, located offshore Madagascar. The acquisition is being undertaken by CGG Services SA, on behalf of the Joint Venture Partners, and completion is expected within 45-50 days. The Ambilob
Siemens Hands Over SylWin1 to TenneT
Siemens has handed over SylWin1, the third North Sea grid connection this year, to its customer TenneT. The German-Dutch transmission grid operator has now put the “world’s most powerful grid connection to date” into commercial operation. The offshore platform of the SylWin1 grid connection is locat