Subsea
Xodus Launches Analysis Showing Need for Rapid Pivot to Gas
Xodus Group has launched new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand. Xodus believes worldwide energy consumption will continue to increase, driven by economic growth in developing countries, and that approximately half of that demand will
Bibby HydroMap Charters New Vessel
Bibby HydroMap has chartered a 39-meter DP1 catamaran ‘Mintis’, owned and operated by the Marine Research Institute at Klaipeda University. The vessel is equipped with a range of high specification positioning and survey equipment and will become available for ongoing projects in May 2020 following
MacArtney Tests Renewable Tool Concept for Siemens Gamesa
MacArtney has completed site acceptance test of SG 11.0-193 DD horizontal single blade mounting tool for Siemens Gamesa at Østerild test centre. Following the site acceptance test, the SG 11.0-193 DD horizontal single blade mounting (HSBM) tool is ready for market. The SG 11.0-193 DD HSBM tool will
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 24 – March 01). https://subseaworldnews.com/2020/02/26/subsea-7-hit-by-offshore-wind/ https://subseaworldnews.com/2020/02/24/saipem-takes-coronavirus-precautions/ https://subseaworldnews.com/
Moray East Finalizes Offshore Wind Farm Piling Works
Moray East has completed offshore piling works on its 950MW offshore wind farm which is under construction in the Moray Firth off the North East coast of Scotland. Work to install the pin piles in the seabed started in May of last year, using the jack-up installation vessel ‘Apollo’ which worked out
More Red Ink for SeaBird
Oslo-listed SeaBird has recognized net loss from continuing operations of $11.8 million for Q4 2019, against net loss of $3.7 million in the same period in 2018. The seismic data provider for oil and gas companies said its profitability in the quarter was negatively affected by restructuring charges
Orca Oceanic Systems Welcomes New BD Director
Orca Oceanic Systems (OOS) has appointed Stuart Forsyth as its new business development director. Forsyth takes on his new role to spearhead the growth of OOS as he brings with him more than 20 years of experience in the oil and gas industry encompassing both technical and commercial roles. “I am ex
Polarcus Posts Shrinking Losses, Growing Sales in 2019
Marine seismic player Polarcus has cut its deficit in 2019 as improved market boosted the company’s revenues by 44 percent against 2018. The Oslo-listed company reported loss for the 2019 of $10 million, on revenues of $290.6 million, versus loss of close to $32 million and revenues of $202.2 millio
Ørsted Hails First Borssele 1 & 2 Inter-Array Link
Danish developer Ørsted has seen the first inter-array cable set up at its Borssele 1 & 2 offshore wind complex in the Netherlands. Borssele 1 and 2 are located around 23 kilometers off the Dutch coast in 14 to 36 meters of water. The dutch offshore contractor Van Oord is responsible for the transpo
Porthos Taps MAN Energy Solutions for Dutch North Sea CCS Project
MAN Energy Solutions has been selected to take part in the Port of Rotterdam CO₂ Transport Hub & Offshore Storage (Porthos) project. The Port of Rotterdam, Gasunie and EBN are jointly preparing a new project in which CO₂ generated by industry in Rotterdam’s port area is captured and stored in empty
TechnipFMC Books $2.4B Loss
TechnipFMC has reported fourth-quarter 2019 loss of $2.4 billion or $5.40 per diluted share. The services major has seen the results affected by after-tax charges and credits totaling $2.43 billion of expense, or $5.43 per diluted share. TechnipFMC warned the market on impairment impact prior to rel
Saipem Reduces Q4 Deficit; Books €12M Profit in 2019
Italian offshore services player Saipem has reported fourth-quarter 2019 loss of €32 million on revenues of €2.35 billion. This result compares to net loss of €115 million on revenues of €2.47 billion in the prior-year comparable period. Adjusted result was net profit of €74 million, against €8 mill
Fugro Joins Australia’s HydroScheme Industry Partnership Program
Fugro has been selected by the Australian Government to join the HydroScheme Industry Partnership Program (HIPP) to increase Australia’s hydrographic industry capability. The panel of industry partners was chosen as part of a long-term strategy to ensure safe shipping routes, commercial ports and ma
IHC Delivers Cablelay Spread for Normand Clipper Upgrade
Royal IHC (IHC) has secured a contract from Global Marine Group for the design and delivery of an integrated power cablelay spread, to be installed on its newly chartered vessel, Normand Clipper. Global Marine Group decided to customize the vessel within the first quarter of this year, ahead of two