Subsea
MMO: Last Call for Views on PTEC Project
People who want to put forward their views on the application from Perpetuus Tidal Energy Centre Limited (PTEC) should do so by emailing MMO before midnight on Friday 20 February 2015. They should include the reasoning and rationale for their views in their consultation response. The MMO received th
Aker Solutions Delivers SCA for MWCC’s Containment System
Aker Solutions delivered the key subsea component for the system being developed by Marine Well Containment Company to limit environmental risks from oil and gas production in the U.S. Gulf of Mexico. The Subsea Containment Assembly, or SCA, is designed to contain a well-control incident by connecti
Huisman Crane Scoops Innovation of the Year Award
The Huisman Rope Luffing Knuckle Boom Crane has been awarded the Innovation of the Year award during the Annual Offshore Support Journal Awards 2015. The new hybrid crane is recognized to provide a significant innovation on the design, build and operational aspects of offshore support vessels. Huism
TGS Expands GoM Declaration Survey
TGS has announced the extension of its Declaration Multi-WAZ Survey in the Mississippi Canyon and DeSoto Canyon protraction areas of the Gulf of Mexico. The extension represents a minimum 2,000 square kilometers of additional data to be acquired by CGG using the single pass vessel configuration deri
BHP Billiton, CSIRO Team Up on Ningaloo Reef Project
The World Heritage Listed Ningaloo Reef in Western Australia will be the focus of a new marine research partnership between CSIRO and BHP Billiton Petroleum announced today. Ningaloo Reef is the largest fringing reef in the world, extending 300 kilometres along the North West coast of Australia. The
CRP Might Reapply for Marine Consent
Chatham Rock Phosphate (CRP) has said it is considering reapplying for a marine consent to mine phosphate nodules on the Chatham Rise seabed. The company said it has not committed to reapplying at this stage as it needs to have confidence the process and the law is workable and the decision makers a
SeaBird Gets Nod to Restructure
SeaBird Exploration, a seismic data provider for oil and gas companies, announced that the bondholders of SBX03 have today, with requisite majority, resolved to approve the restructuring. As previously announced, SeaBird is in default on its existing bonds and loans and certain other of its financia
U.S. Govt Pays Compensation for Tubbataha Reef Damage
The Philippines Government has received the full requested amount of USD 1.9 million (Php 87 million), from the U.S. Government, as compensation for the damage caused to Tubbataha Reef by the grounding of the USS Guardian. USS Guardian grounded in the Sulu Sea in Philippines on January 17, 2013. Acc
Aker Solutions Cuts Up to 300 Norway Jobs
Aker Solutions has said it will adjust its workforce capacity within the maintenance, modifications and operations (MMO) market in Norway after a continued decline in activity levels. About 300 engineering and project management employees in the Norwegian MMO business may be affected. Necessary adju
FoundOcean, BASF Introduce MasterFlow 9800
FoundOcean and BASF have launched an integrated material and service system for the provision of a new high strength grout, MasterFlow 9800, in Edinburgh, UK. According to the company, the high strength grout is the result of over 3 years of joint development, the primary purpose of which has been t
DNS to Host Decom Offshore 2015
Decom North Sea (DNS), the representative body for the offshore decommissioning industry, will continue its work to drive and facilitate a sustainable and efficient decommissioning industry by hosting Decom Offshore 2015. Entitled ‘Decommissioning – The Economic and Operational Challenges’, this one
Dolphin Defies Hard Times
Norway’s Dolphin Geophysical has seen revenues rise in the fourth quarter, despite the challenging seismic market. The company generated fourth quarter revenues of USD 130.5 million, compared to USD 38.8 million in Q4 2013. The increase is primarily due to six vessels in production and increased yea
Reef Subsea Deal Hits GC Rieber
GC Rieber Shipping had a loss of NOK 201.4 million in the fourth quarter 2014, compared with a loss of NOK 73.5 million in the corresponding period in 2013. The negative result in the fourth quarter 2014 is due to loss provisions for the seller’s credit to the HV V Golf companies as well as [&hellip
Balfour Beatty Completes Acquisition of Gwynt y Môr OFTO
Balfour Beatty, the international infrastructure group, has reached financial close and completed the acquisition of the £352 million Gwynt y Môr offshore transmission project (OFTO) in the UK. Balfour Beatty will jointly own Gwynt y Môr OFTO with Equitix. Balfour Beatty will invest £28 million of e