Subsea
SeaBird Financial Struggle Continues, Revenues Down 88%
Oslo-listed SeaBird has seen red in the quarter ended June, 2017 as revenues fell some 88 percent on continued weak market demand. The seismic data provider for oil and gas companies posted loss of around $11 million or $3.64 per diluted share for the second quarter of 2017, compared to profit of 3
Divers Recover WWII Bouncing Bombs in Scotland
A specialised piece of underwater scanning equipment has been used to locate and identify WWII ‘bouncing bombs’ in a Scottish loch. GSE Rentals, part of Unique System UK provided the scanning equipment and engineering support to produce sonar images of the seabed at the dive site currently being exp
Fugro Extends Skandi Carla Charter with DOF
Fugro has extended the firm period of hire for the Skandi Carla time charter contract from July 2017 until end October 2019, the Oslo-listed DOF Subsea said on Friday. Skandi Carla is a purpose-designed and built ROV survey, IRM and construction support vessel. The 84 meters long vessel with accommo
Global Marine to Install Rampion OWF Cable
Global Marine Group (GMG) has been awarded a contract from E.ON to install a fibre optic cable at the Rampion offshore wind farm, under construction 13km off the coast of Sussex, UK. Upon completion the cable will run from the shore to an offshore substation, providing a vital communications link fo
Actuant Sells Viking to Acteon
Actuant Corporation has signed a definitive agreement to sell its Viking SeaTech business to Acteon Group, a global subsea services business, for approximately $12 million. Actuant has also signed a definitive agreement to purchase Mirage, a $12 million revenue provider of industrial and energy main
ConocoPhillips Prepares for Ekofisk Structures Removal
ConocoPhillips has received consent from Petroleum Safety AUthoritx (PSA) Norway for preparations for and the start of the removal of minor structures from the Ekofisk field facilities. The consent also includes the installation of a temporary crane on Ekofisk 2/4 FTP. ConocoPhillips has applied to
Boskalis Sees Profit Halved
Dutch marine services player Royal Boskalis Westminster has seen a profit drop of close to 50 percent in the first half of 2017 on weak offshore market which affected company’s revenue by close to €79 million. For the first six months ended June 30, 2017, Boskalis generated net income of €75 million
DEME to Install Submarine Cable for Elia Modular Offshore Grid
Dredging International, part of the DEME Group, has secured the contract from Belgian transmission system operator Elia for the submarine power cable installation for the Modular Offshore Grid (MOG) in the North Sea. DEME will deploy its new fleet of vessels to carry out the works, including hoppers
Partrac Gets Hywind Metocean Monitoring Job
Partrac has been selected by Statoil to provide real-time wave and current measurement services for Hywind Scotland, the world’s first floating wind farm. Partrac has been contracted for a minimum of 1 year (with multi-year contract extension options) to manage the deployment and maintenance of the
Van Oord Installs Walney Extension Foundations
Van Oord has finished the Walney Extension offshore wind farm for DONG Energy to transport and install 87 foundations. Van Oord’s installation vessels Aeolus and Svanen completed the project in 4.5 months. For this project, Van Oord deployed its 8,000-tonne heavy lift installation vessel Svanen to i
WATCH: Catcher FPSO on Sea Trials
The Premier-operated Catcher project, located in the UK Central North Sea, is progressing under budget and is scheduled to deliver first oil in the second half of 2017. The 2016 saw the completion of the installation of the Catcher subsea equipment and all topsides units lifted onto the FPSO. Locate
Maersk Oil Utilizes Aberdeen Harbour for North Sea Decom Ops
Two subsea mid water arches weighing around 100 tonnes each are just some of the items that have been landed at Aberdeen Harbour as the port supports Maersk Oil’s decommissioning campaign for the James, Janice, Affleck and Leadon fields in the North Sea. In conjunction with Scotoil and Maersk Supply
Subsea 7 Bets on Flumill Tidal Technology
Subsea 7 and Flumill have signed a letter of intent to collaborate on the development and design of marine tidal technology. Flumill is an Arendal-based company in Norway that has developed a patented-concept based on rotating helixes for production of electric power from tidal water. The company ha
MSS Stays Red in Q2, Lays Up 10 Vessels
Offshore marine contractor Maersk Supply Service (MSS) has recorded a loss of USD 10 million in the second quarter of 2017 against loss of USD 106 million in the prior year comparable period. The underlying loss was USD 11 million, versus loss of USD 8 million for the Q2 2016. The result for Q2 2016