Subsea
EMEC Hires Leask Marine for Tidal Foundation Tripod Removal
The European Marine Energy Centre (EMEC) has contracted Orkney-based Leask Marine to remove a tripod foundation from EMEC’s Fall of Warness tidal energy test site. The operation will feed into a collaborative FORESEA-funded project called Forensic Decommissioning for Tidal Energy Converters (FoDTEC)
INTERVIEW: Global OCV Fleet Worth Close to $27 Billion
VesselsValue, the online platform for valuation, AIS and market intel service for the maritime and offshore sectors, is publicly launching its Offshore Construction Vessel valuations in May this year. Subsea World News interviewed Charlie Hockless – VV’s Head of Offshore to learn more about the new
Aker Solutions Boosts Profits
Aker Solutions has seen its profit go up by some 70 per cent as it generated net income of NOK 105 million, or NOK 0.31 in the first-quarter 2018, versus net income of NOK 62 million, or NOK 0.23 same time last year. The Norwegian services company generated revenue of NOK 5.5 billion ($688 million),
PGS Narrows Quarterly Deficit
Petroleum Geo-Services (PGS), reported net loss for the fourth quarter ended March 31, 2018 of $40 million versus $106 million in the prior-year quarter. Basic loss was 12 cents per share, narrowed from 32 cents per share same time last year. Norway-based PGS generated revenues of $201 million for t
OGTC Supports Small Pools Vision
The Oil & Gas Technology Centre is backing four subsea ‘plug and play’ projects to help unlock the 3.4 billion barrels of oil and gas in marginal fields, or ‘small pools’ on the UK Continental Shelf. Plug and play is a concept from the computing and space industries, where equipment is designed to b
Van Oord Awards New Subsea Cable Protection Contracts to Tekmar
Cable protection specialist for offshore wind farms, Tekmar, has been awarded multiple contracts by Van Oord to supply its systems for both the Deutsche Bucht and BorWin3 projects. For the Deutsche Bucht, located in the German Bight, 95 kilometres northwest of the island of Borkum, Tekmar will suppl
Saipem Slips into Red on 15 Pct Lower Revenues
Italian oilfield services player Saipem has reported loss in the first quarter of 2018 of €2 million ($2.4 million), on revenues of €1.91 billion ($2.32 billion). This result compares to profit of €47 million ($57.2 million) on revenues of €2.23 billion ($2.71 billion). Revenues fell some 15 per cen
Aker Solutions Opens Upgraded Aberdeen Services Hub
Aker Solutions has officially opened its upgraded Aberdeen services facility to help capture subsea sector growth. “Our investment in the Aberdeen services base demonstrates our commitment to the North Sea, a mature basin where we see opportunities,” said Sian Lloyd Rees, Aker Solutions’ UK country
BP Names Helge Lund as Its New Chairman
BP has appointed Helge Lund to succeed Carl-Henric Svanberg as the chairman of the company. Lund will join the BP board as chairman designate and a non-executive director on September 01, 2018, and will have a base in London. Lund, who is also chairman of Novo Nordisk in Denmark, will stand down wit
Red Ink for Subsea 7
Oslo-listed Subsea 7 has booked loss in the quarter ended March 31, 2018 on revenue drop of 10% due to lower activity levels in all business units and forex losses. The subsea engineering and construction specialist posted quarterly loss of $18 million, or $3 cents per diluted share, on revenue of $
SMD Introduces High-Speed ROV
Soil Machine Dynamics (SMD) has developed FLO – a new survey and inspection ROV system capable of delivering data in areas such as seabed mapping and pipeline inspection. Namely, standard work class ROVs have speed limitations due to their size, weight and hydrodynamics. They can also be unsteady op
Acoustic Data Appoints Ex Schlumberger Executive as Chairman
Acoustic Data has appointed Mike Mannering, a former Schlumberger executive, as a chairman of the board. With over 40 years of industry experience, Mannering has previously held senior corporate positions within Schlumberger including president of the Rig Management Group. More recently, he was the
Scaldis Takes Delivery of New Crane Vessel from Royal IHC
Royal IHC has handed over DP2 crane vessel ‘Gulliver’ to Scaldis, a subsidiary of DEME, Jan de Nul and Herbosch-Kiere. IHC managed the complete scope of work for the vessel, including the design, procurement, construction in China, and commissioning and acceptance tests in Rotterdam. The design was
McDermott Reiterates Rejection of Subsea 7 Takeover Offer
Subsea 7 has re-affirmed its interest in acquiring McDermott International, a Houston based EPCI contractor. To remind, McDermott has rejected the takeover offer placed by Subsea 7 on April 17, 2018, to acquire the entire issued share capital of the company for USD 7.00 per share, payable entirely i