Subsea
Aker Solutions Sees Earnings Fall
Norwegian oil services company Aker Solutions has reported net income of NOK 62 million ($7.3 million), or NOK 0.23 in the first-quarter 2017, versus net income of NOK 169 million ($19.5 million), or 0.53 NOK in the prior-year comparable period. The company has seen its revenue decline to NOK 5.17 b
IKM On Track to Deliver Snorre B and Visund Project
IKM Subsea has delivered first equipment for Snorre B and Visund fields under the ROV services contract that the company secured last August. The contract is for the provision of testing and installation of an electrical, permanently seabed installed Residential – ROV (RROV), that will interface wit
McDermott to Take Full Ownership of North Ocean 105 in June
Norwegian-Dutch offshore service provider Oceanteam said it has received the written notice from its joint venture partner McDermott in which it commits to acquire Oceanteam’s remaining 25 percent stake in the pipe lay vessel, North Ocean 105. According to the Oslo-listed company, the transaction is
InterMoor UK Boosts Decom Services
InterMoor has added rigless well abandonment capabilities to its UK-based services. Consolidating the capabilities of former sister company OIS Ltd, InterMoor UK can now help plan and execute turnkey suspended well decommissioning campaigns. This includes vessel charter and project management of all
Tekmar Protects Cables of First OWF in Taiwan
UK-based Tekmar Energy (Tekmar) has supplied its TEKLINK cable protection system (CPS) to protect the underwater power cables as they enter the wind turbine foundations on the Formosa 1 Phase 1 offshore wind farm project, the first offshore wind farm in Taiwan. Formosa 1 Phase 1 is the first phase o
Bureau Veritas Launches Asset Integrity Management System
Bureau Veritas has launched the Veristar AIM 3D asset integrity management system, based on technology partner Dassault Systems’ 3DExperience platform. Veristar AIM 3D will be used in the design, development and implementation of the operational lifecycle, to reflect and predict the condition of any
Sea Trucks in Provisional Liquidation
Offshore contractor Sea Trucks has been placed into provisional liquidation by the Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands. Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting (BVI) Limited have been appointed as joint provisional liquidato
Bibby HydroMap Completes Burbo Bank Extension Export Cable Scans
Bibby HydroMap has completed site operations on the newly installed export cable of Burbo Bank Extension. Contracted by DONG Energy, the work involved two of the company’s vessels; Bibby Athena and Lia, mobilised with survey equipment to acquire multibeam bathymetry, side scan sonar data, sub bottom
PDi Names New CEO
Project Development International (PDi), part of Tattva Group, has appointed Daniel McGowan as its new CEO. Daniel has held a variety of operational and project positions in the oil and gas sector, most recently as CEO at Harnser Group, where he led the organisation in the security and risk sector.
TurkStream Pipelaying Kicks Off
Gazprom informed that the construction of the TurkStream gas pipeline has started in the Black Sea near the Russian coast. Pipelaying is carried out by the Audacia vessel owned by Allseas, the construction contractor for both strings of the gas pipeline’s offshore section. The vessel will be also us
HR Wallingford Tests Scour Protection for East Anglia One
HR Wallingford is carrying out physical modelling to test the scour development and the performance of a frond mat scour protection system to protect the jacket piles for the East Anglia One (EA ONE) offshore wind farm. ScottishPower Renewables (SPR), the developer of the EA ONE, and Seabed Scour Co
Siem Offshore Sinks Deeper into Red Despite Revenue Jump
Siem Offshore has seen its quarterly loss widened, despite revenue rise of over 50 percent, as forex gains and favorable tax boosted the company’s bottom line same time last year. For the quarter ended March 31, 2017, the Oslo-listed company recognised net loss of $13.3 million, or 2 cents per dilut
Bakker Sliedrecht, Water2Energy to Deliver Tidal Turbines
Bakker Sliedrecht and Water2Energy have signed a technical development partnership to deliver new water turbines. The vertical axis water turbine (VAWT) that Water2Energy has developed is 30 to 50% more efficient than traditional water turbines, the company said. Bakker Sliedrecht has created a smar
Motive Offshore Builds Loading Tower for Swan Hunter
Motive Offshore has completed the construction of the basket carousel loading tower for Swan Hunter. The equipment has recently completed factory acceptance testing, and is now being assembled in The Netherlands ahead of an upcoming mobilisation for flexible riser installations offshore Ghana. The l