Subsea
Neptune Reports Profitable Half, CEO Says
Neptune has reported a profit from continuing operations before tax of $3.183 million for the 6 months to 30 September 2013 (Dec 2012: loss $21.952 million). The consolidated profit of Neptune for that period after providing for income tax amounted to $2.871 million (Dec 2012: loss $22.446 million).
Langlee’s New Robusto Design Shows Higher Efficiency
Recently, Langlee Wave Power completed wave tank tests at Cehipar (Canal de Experiencias Hidrodinámicas de El Pardo) in Madrid and verified a 80% higher efficiency of the 132 kW Langlee Robusto compared to the previous design. Cehipar has one of the largest wave tanks in Europe, measuring 150×30 met
Research Estimates Over 300 Installed Submarine Cables by 2023
Demand for high-voltage submarine electricity cables is growing steadily, as countries and regions make commitments to offshore renewable power generation, link remote landmasses, and interconnect their national grids. As cable technology advances, more projects are being proposed that require longe
Unique Seaflex Provides Equipment to Saipem
Unique Seaflex, a Unique Maritime Group company, which is one of the world’s leading integrated turnkey subsea and offshore solution providers were recently contacted by Saipem in Portugal who were looking to urgently conduct a 550t load test on a derrick barge located at Point Noire in the Congo. W
Subsea 7 Continues Share Repurchase Programme
Subsea 7 S.A. announced that on November 25 2013 the Company purchased 304,000 of its shares at an average price of NOK 121.08 per share. This represents approximately 0.09% of the Company’s issued share capital. The shares were purchased in accordance with the Company’s share repurchase programme p
Aker Solutions Develops Casing Stabilizer Arm
Aker Solutions, a leading provider of oilfield products, systems and services for the oil and gas industry, has developed the Casing Stabilizer Arm (CSA) which eliminates the need for a person to be elevated on a derrick for tubular makeup. The CSA, which enhances Aker’s existing line of tubular han
SHEPD Project Secures UK Islands’ Electricity Supplies
Electricity supplies to communities in some of the most remote islands in the UK are more resilient following a £2.77m subsea investment. SHEPD has now completed the installation of three high voltage underwater cables between Eriskay and Barra in the Outer Hebrides and Rousay, Eday and Westray in O
REA Welcomes Creation of 27 New Marine Conservation Zones
The REA welcomes Defra’s announcement last Thursday of the creation of 27 new Marine Conservation Zones (MCZs). Developers now await the detailed rules for each MCZ, as well as decisions on approximately 100 remaining sites over the next two designation phases in 2015 and 2016. These phases may also
Statoil CEO: Oil and Gas is Part of Sustainable Energy Future
“We have to live with fossil fuels as the dominant part of the energy mix for decades,” says Statoil’s President and CEO Helge Lund at the 2013 Autumn Conference. “The big question is therefore how to make production cleaner than today, and make consumption more efficient. This is not simply a task
AGR Showcases at Africa Oil Week 2013
Global oil and gas service company, AGR, has long had a presence throughout Africa and so will be building upon this at the 20th Africa Oil Week in Cape Town (25-29 November). The richness and diversity of hydrocarbon habitats, combined with the expanding markets in Africa, make it an attractive reg
Rem Offshore Gets Contract Extensions for Two Vessels
Rem Offshore ASA have extended the current charter for Rem Etive with Charterer Fugro TSM for another 3 years firm taking the firm charter period into late May 2017 with a further 2 yearly options. Rem Offshore ASA has further entered into a charter contract with Marine Platforms Ltd Nigeria for the
Two Cargo Vessels Sank Offshore China
In two separate incidents off the coast of East China two cargo vessels sank, and 26 seafarers were reported missing. The cargo ship XINGLONG ZHOU65 sank off the coast of Yantai city on Sunday with twelve people onboard. Three bodies were found during the search, and the remaining nine are still mis
Hydratight Improved QuickSlide TBS
Hydratight announces updates and improvements to their QuickSlide tool block slides (TBS). Available for immediate order, the QuickSlide marks an advancement in tool block slides to fit Hydratight’s series of clamshells. Tool block slides mount directly to the face of the clamshell and accept an arr
IKM Subsea Malaysia Bags ROV Contract from McDermott
IKM Subsea (Malaysia) Sdn. Bhd. was recently awarded a Remotely Operated Vehicle (ROV) contract by Berlian McDermott Sdn. Bhd., the Malaysian affiliate of McDermott International, Inc. The project involves installation of suction anchors offshore Malaysia. IKM Subsea will provide the Merlin WR200 Wo