Subsea
Ashtead Expands Its iXblue Ramses Fleet
Ashtead Technology has expanded its fleet of iXblue Ramses subsea navigation systems. The iXblue Ramses can be used to track the position of subsea structures without the need for multiple transponders or umbilicals, enabling immediate mobilization. With the iXblue Ramses system, an ROV can place a
Sif to Provide Monopiles for EnBW Hohe See OWF
Sif Holding has secured a contract from GeoSea for the production of 71 monopiles and all the transition pieces for the EnBW Hohe See offshore wind farm. The contract for the transition pieces was secured in a joint venture with Smulders. Sif will produce the primary steel and Smulders will be respo
AKVA Group Slips into Red
Norwegian equipment provider for aquaculture industry, AKVA group, has completed fourth quarter in red, despite record high sales and order intake. Namely, the company recognised restructuring and one off costs related to AKVA group Denmark of close to NOK 20 million and booked negative net financia
iSURVEY Bags Shell Contract
iSURVEY has secured a non exclusive call-off contract with Shell UK, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services. The three year contract, which has the option of up to two, one year extensions, will see iSURVEY provide non exclusive rig
Wood Group Takes Profit Dive
Oilfield services player Wood Group has seen its profit in 2016 chopped by some 62 percent against prior comparable period. The Aberdeen-based firm recorded full-year profit of $34.3 million, versus $90 million in 2015. Revenue in 2016 fell 16 percent at $4.93 billion compared to $5.85 billion gener
Eidesvik Names New Chief Financial Officer
Norwegian vessel owner, Eidesvik Offshore, has appointed Thor Krukhaug as a chief financial officer. He comes from the position of financial manager of the company, a position he has held since 2012. Thor is a graduate Master in Business and Economics from NHH Norwegian School of Economics and Certi
UK Subsea Engineers Advance to Ocean Discovery XPRIZE Semi-Finals
A team of subsea engineering experts representing the UK has advanced to the semi-finals in the $7-million Shell Ocean Discovery XPRIZE. The XPRIZE is an international competition which aims to create the next generation tools, technologies and techniques for rapid, unmanned ocean exploration and di
Aker BP Gets Approval to Connect Oda to Ula Field
Petroleum Safety Authority (PSA) Norway has granted Aker BP consent to connect the Oda field to the Ula field. The Oda field, previously named Butch, is located in the North Sea licence PL 405. The field, operated by Centrica, is to be developed as a subsea facility tied back to the Ula field, where
Prysmian Cables to Connect Three French Wind Farms
Prysmian has secured a contract worth more than EUR 300 million with Reseau de Transport d’Electricité (RTE) to develop submarine cable links to connect three planned offshore wind farms to the mainland power grid in France. The three projects are Fécamp, Calvados and Saint Nazaire. “We are proud to
Allseas to Build Second String of TurkStream Pipeline
South Stream Transport, a wholly-owned subsidiary of Gazprom, and Allseas Group have signed a contract to build the second string of the TurkStream gas pipeline’s offshore section. The agreement, signed in Amsterdam, is part of the option included in the construction contract for the pipeline’s firs
McDermott Strengthens Subsea Fleet
McDermott has confirmed the acquisition of the newly-built pipelay and construction vessel Amazon to boost its ultradeepwater and SURF fleet portfolio. The vessel name was changed from “Ceona Amazon” to “Amazon”. The Amazon is en-route to the Middle East and is scheduled to arrive in early March. Ac
Polarcus Shrinks Quarterly Deficit, Ends 2016 in Black
Seismic contractor Polarcus has posted quarterly loss on non-cash charges and revenues drop of some 35 percent when compared to same time last year. The Oslo-listed company narrowed net loss for the quarter at $97 million, versus loss of $289 million in Q4 2015. The company recognised a $24.8 millio
Forland Secures Work for Its Vessel During EMAS Standstill
Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector vessel, following a standstill agreement with EMAS AMC. Forland Subsea and EMAS AMC have entered into a standstill agreement for the duration of the short-term charter. The expected charte
Helix Reduces Losses Despite Revenue Drop
Offshore services player Helix Energy Solutions has seen red in the fourth quarter of 2016 on impairment charges linked mostly to its robotics division, but still managed to improve when compared to a year-ago period. Despite revenue drop of close to 19 percent year-over-year, the Houston-based well