Subsea
DNV GL Issues Revision of Its Pipeline Standard
DNV GL has updated its offshore pipeline standard to reflect the latest pipeline research and developments. The standard, previously called DNV-OS-F101 is now renamed DNVGL-ST-F101. Around 65% of all new projects globally are designed according to the standard, first issued in 1976. The new revision
Siem Moxie Supports Rentel OWF Inner Array Cable Installation
Siem Offshore Contractors’ walk-to-work installation support vessel Siem Moxie has began work to support the completion of the inner-array grid cable installation on the Rentel offshore wind farm off the coast of Belgium. SOC’s Siem Moxie went on charter to Tideway, part of Belgian DEME, to support
EIB Continues Funding Prysmian R&D Projects
The European Investment Bank (EIB) and Prysmian, specialist in the energy and telecom cable systems industry, have finalised financing of €110 million intended to support the Group’s 2017-2020 R&D plans in Europe. Specifically, the EIB financing will be put towards: Industrial research: research on
DOF Subsea Sees Earnings Drop
DOF Subsea, a subsidiary of DOF Group, reported profit in the third-quarter 2017 of NOK 138 million (close to $17 million), compared with profit of NOK 170 million ($20.8 million) in the corresponding period in 2016. Sequentially, profit was increased from NOK 88 million or $10.8 million. In the thi
Aquaterra Welcomes New Financial Director
Aquaterra Energy, offshore engineering solutions provider, has appointed Nick Hawkes as its new financial director as the company gears up for service expansion. Based at the company’s headquarters in Norwich, Hawkes will be responsible for providing financial leadership and support to the business.
Oceanteam Suspends KPMG
Offshore service provider Oceanteam said it has suspended KPMG’s services as its auditor in Norway. According to the company, the decision was made based on Oceanteam’s investigative findings regarding audit costs that were charged for work not performed. The investigation by an independent consulta
Colombo Hires MAATS for Kokusai Cable Ship Carousel
Marine engineering company MAATS Tech has signed a contract with Colombo Dockyard to design and install a 2000te carousel on a newbuild vessel for Japanese cable installer Kokusai Cable Ship (KCS). The vessel of VARD 9 01 design is tailor-made for installation and repair of subsea telecom cables. Th
Eidesvik Back in Black
Norwegian vessel owner Eidesvik Offshore has posted quarterly profit of NOK 29 million (approximately $3.5 million) or NOK 0.98 per share, against loss of NOK 148 million (approximately $18 million) or NOK 4.90 per share for the quarter that ended on September 30, 2016. Result for the first nine mon
Seaway Heavy Lifting Gears for Another Beatrice Jacket Setup Campaign
The second part of the foundation installation campaign at the Beatrice offshore wind farm site will start with the return of the Seaway Heavy Lifting’s largest vessel, Oleg Strashnov, and its associated support vessels. The vessel is scheduled to carry out the installation works for approximately o
UK Ship Register Signs ASV’s Unmanned Vessel to the Flag
The UK Ship Register has signed its first unmanned vessel to the flag, the ASV’s C-Worker 7. The C-Worker 7 will be used for work such as subsea positioning, surveying and environmental monitoring. It can be used under direct control, semi-manned or completely unmanned. Doug Barrow, director UK Ship
Horizon Geosciences Gets New Project Manager
Horizon Geosciences has appointed Ross Compton as the company’s new project manager. Compton has an MSc in Applied Marine Science, a PhD in Marine Studies and 12 years’ experience in the offshore industry having joined WGP Seismic in 2005. He joins Horizon from RPS where he was most recently respons
Intertek Teams Up with Universities for Tidal Power Study
Intertek has teamed up with Cardiff University, the University of South Wales and the University of Edinburgh to conduct a study focused on the implications of misaligned flow on tidal turbines. The study, to be published in Renewable Energy journal, will provide vital information to tidal turbine d
CGG Gets Green Light for Restructuring Plan
CGG said that its shareholders have approved all the resolutions required to implement the financial restructuring plan. Jean-Georges Malcor, CEO of CGG, said: “We thank the shareholders for their decisive support for the future of the company. This favorable vote is a new key step forward in the im
DOF Wins Skandi Olympia Extension with Fugro
Fugro has extended the firm contract with DOF for Skandi Olympia in the North Sea until end September 2018. Skandi Olympia is a multipurpose field support vessel, configured by Fugro Subsea Services to carry out offshore infrastructure inspections. Built in 2009, the 79.6 meters long vessel accommod