Subsea
Akastor Sees More Red Ink
Oilfield services investment company, Akastor, has booked a second-quarter 2016 loss as revenue declines in the weak market. The Oslo-listed company recorded loss of NOK 838 million (approx. $100 million) for the second quarter 2016, compared to loss off NOK 298 million ($35.5 million) in the corres
Ardent and Ardentia Team Up
Maritime services firm, Ardent and Ardentia Marine, a Spanish salvage, engineering and commercial diving company, have formally partnered for future operations. The cooperation agreement was signed in June this year. To remind, In May, 2015, Svitzer Salvage, a part of the Maersk Group, and Titan Sal
MPS, Hunger Hydraulic in WaveSub Equipment Supply Deal
Marine Power Systems (MPS), a Swansea-based company, has signed a contract with Hunger Hydraulic UK for the supply of hydraulic cylinders and seals for its WaveSub device. Hunger Hydraulic is providing MPS with hydraulic cylinders for the WaveSub’ power take off system. In addition, Hunger Hydraulic
Unique Hydra Comes Up with New Diver LARS Solution
Unique Group’s diving & life support equipment manufacturing division, Unique Hydra, has developed its new LRE50-A2 extended reach diver launch and recovery system. The LRE50-A2 is designed to resolve an operational requirement to deploy divers a distance off of the side of a vessel. Namely, DP divi
Lankhorst Ropes Keeps Ocean Cleanup System in Place
Maritime ropes supplier, Lankhorst Ropes, and synthetic fibre specialist DSM Dyneema have collaborated in supplying Dutch foundation ‘The Ocean Cleanup’ with synthetic mooring ropes for a prototype ocean cleanup system. The Ocean Cleanup was founded with the aim of developing advanced technologies t
Oceaneering Lands Heerema Subsea Deal
Oceaneering has entered into a master service agreement with Heerema Marine Contractors (HMC) through December 2020. During this time Oceaneering will provide up to ten remotely operated vehicle (ROV) systems with associated subsea tooling, engineering and technicians to support HMC’s global operati
Jan De Nul Wins Borkum Riffgrund 2 Foundations Setup Gig
Jan De Nul has signed a contract with Dong Energy for the transport and installation of 36 monopiles and transition pieces for the offshore wind farm Borkum Riffgrund 2 in German territorial waters. Additionally, the Group was also awarded the supply, transport and installation of scour protection f
MacArtney Supplies Mermac Winches to Canyon Offshore
MacArtney has supplied Mermac winch systems to Canyon Offshore, the marine contracting unit of Helix Energy Solutions, to be used on the latest two ‘Grand Canyon’ range offshore support vessels. MacArtney has supplied a total of four winch systems, all featuring active heave compensation (AHC) allow
Apache Keeps Wood Group for North Sea Services
Wood Group has been awarded an extension to its master service agreement contract with Apache in the North Sea. Wood Group will continue to deliver subsea engineering and consultancy services, in support of Apache’s routine operation and maintenance works, as well as detailed engineering for future
PGS, WesternGeco to Shoot Second UK Seismic Campaign
The Oil and Gas Authority (OGA) has awarded contracts for the second UK Government funded £20 million seismic campaign to promote under-explored areas of UK Continental Shelf (UKCS) PGS and WesternGeco have been awarded the contracts to acquire seismic data from the East Shetland Platform and South
Aker Solutions Books Lower Profit
Aker Solutions has reported net income of NOK 131 million or NOK 0.37 per share in the second quarter 2016 versus net income of NOK 209 million or NOK 0.73 a year earlier. In addition, first-half 2016 net income fell to NOK 300 million from NOK 428 in 1H 2016, while EPS was NOK 0.90 […]
NPD Sells Block 31/5 Seismic Data
Norwegian Petroleum Directorate (NPD) announced that it is selling 3D seismic data from an area southeast of Troll, block 31/5. NPD acquired the seismic data in September 2008. The vessel used was the Ramform Challenger. The seismic data was processed by CGG in 2008/2009 and covers 300 km2. Accordin
Bibby Offshore Gets Boycott Warning in Norway
Norway’s offshore union Industri Energi (IE) plans to boycott Bibby Offshore to prevent it from securing more work on the Norwegian Continental Shelf due to information suggesting that the UK-based subsea specialist exercises ‘social dumping’. This is Bibby Offshore’s first contract in Norway with C
Jee in Cable Optimisation Study for East Anglia ONE
Jee has been awarded a contract by Scottish Power Renewables to carry out an array cable optimisation study for the East Anglia ONE (EAONE) offshore wind farm. EAONE is a development planned off the coast of East Anglia for 102 turbines; enough to power more than 50,000 homes every year. Scottish Po