Subsea
James Fisher Secures Galloper OWF Gig
James Fisher has been awarded marine services and support contract by Galloper Wind Farm Limited (GWFL) during the construction of the 336MW Galloper offshore wind farm, located some 27km off the coast of Suffolk, UK. The contract, worth in excess of £25M, will see James Fisher provide marine servic
Impairments Drag Solstad into Red
Oslo-listed Solstad Offshore, has recorded a loss of NOK 1.34 billion ($155.7 million) for the fourth quarter of 2015 due to fleet value write-downs and currency losses. Namely, Solstad has decided to write down the fleet value by a total of NOK 1,221 million in the fourth quarter. Total impairment
DONG Energy to Shut Down Oselvar Field
DONG Energy has confirmed the shutdown of the Oselvar field located in the Norwegian sector of the North Sea. According to the company’s statement the Oselvar field has not lived up to its initial expectations. The field was put in production in April 2012, and the expected lifetime of the field was
SeaBird Nets North Sea Undershoot Work
Oslo-listed seismic contractor SeaBird Exploration has been awarded a contract for undershoot work in the North Sea. According to the company, the work is scheduled to begin and be performed during the coming summer season (Q3 2016). Undershoot is a technique used for acquisition of seismic data ben
JFD Develops New System to Improve Diving Safety
JFD, the subsea operations and engineering company, part of James Fisher and Sons, has launched a new Compact Bailout Rebreathing Apparatus (COBRA) for commercial divers. According to the company, the bailout system, designed and developed by JFD as part of its Divex range of rebreathers, extends th
Island Offshore Achieves Debt Deal
Island Offshore has reached an agreement in principle on the terms of a proposed restructuring with certain of its main lenders and an ad hoc group of bondholders in its NOK 700 million senior unsecured callable bond issue. The company informed on Wednesday that if approved by all relevant stakehold
Italian Navy Recovers Underwater Objects in Gulf of Taranto
Italian Navy has completed recovery of submerged objects in the waters of Gulf of Taranto. Minesweepers ITS Vieste and ITS Chioggia have been deployed in the Gulf of Taranto for seabed mapping using a Hugin 1000 vehicle. The AUV onboard ITS Vieste found the object of interest lying on the seafloor a
New Managing Director for Kongsberg Maritime Hellas
Leif Kristian Weum has been appointed to the position of managing director of the Kongsberg Maritime sales and service office in Athens, Greece. He has served on the Kongsberg Maritime Hellas board of directors since the office was opened in 2011 and in various customer support and sales management
Tocardo to Demonstrate T2 Tidal Array at EMEC
Tocardo has signed a contract during ICOE to demonstrate a 20 year pre-commercial array at the European Marine Energy Centre (EMEC) in Orkney. Tocardo plans to install eight T2 turbines across two Tocardo systems at EMEC’s grid-connected tidal test site at the Fall of Warness, off Eday, Orkney. Inst
Trelleborg Builds New Subsea Vibration Suppression System
Trelleborg’s offshore operation has launched a new vortex induced vibration (VIV) suppression system. According to the company, the Tri-Strake Combi, developed to complement the S-Lay capable Tri-Strake Stinger system and the Tri-Strake Lite system, should ease the installation and provide added res
Schottel Hydro Supplies Turbines for SME’s PLAT-O
Schottel Hydro will deliver 16 Schottel Instream Turbines (SIT) with a capacity of 62 kW each to Sustainable Marine Energy (SME) over the next two years. The SME’s PLAT-O platform array will host 16 Schottel Instream Turbines. Following the sea trials in the Solent in summer 2015, the first PLAT-O s
Reach Subsea Stays in Profit
Norwegian contractor Reach Subsea managed to remain in black but still has booked a decrease in profit in the fourth quarter 2015, despite higher revenues backed by increased activity levels. In the fourth quarter 2015, Reach had four vessels in operation, opposed to one less same time last year as
Oceanteam Wins Turntable Contract
Oceanteam Solutions has been awarded a contract to supply a cable manufacturer demountable turntables and auxiliary equipment for the multiple transport of cables from Asia to Europe in 2016. The Oslo-listed company said it will also assist during the cable load outs in the appointed ports by supply
IKM Subsea Wins ROV Services Extension for Nexans Skagerrak
Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the vessel Nexans Skagerrak. The contract value including options is 75 million NOK and duration term is firm for 3 years + 2 yearly options. IKM Subsea’s ROV services will be integrated with