Subsea
NPD OKs Start-up of Two North Sea Pipelines
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea. Start-up of the Edvard Gr
UTEC NCS Survey, LDD Secure Wikinger OWF Contract
UTEC NCS Survey has been awarded a contract for heavy lift support services for the Wikinger offshore wind farm project in the Baltic Sea. The Wikinger offshore wind farm is located 34 kilometers northeast of the island of Rügen and will generate a total capacity of 350 MW. Partnering with LDD the c
Van Oord to Install Walney Extension Foundations
Van Oord has reached an agreement with DONG Energy for the transport and installation of the 87 foundations at Walney Extension offshore wind farm in the United Kingdom. After completion in 2018 the wind farm will deliver sustainable energy to 460,000 households. The Walney Extension offshore wind f
EMGS Looks for Cash Boost as Red Ink Flows
Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slide into the red in the third quarter of 2015 on weak market and impairments compared to a year-ago period. Despite tightening up the wallet, the Oslo-listed company posted net loss of USD 25.4 million, compared to net income of USD 7
Seabird Narrows Losses
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has narrowed its net loss in the third quarter, following the company’s financial restructuring and further implementation of cost cutting measures. SeaBird posted net loss of $1.7 million for the third quarter of 2015, compared
CGG Lays Off 930 and Reduces Fleet to 5 Vessels
French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its transformation plan, the company said today during third-quarter earnings presentation. Furthermore, in the third quarter 2015, as a result of deterioration of market conditions and the
Aker Solutions Sees Revenue Slashed by NOK 800 Mln
Aker Solutions has delivered lower third-quarter profit as its revenue dropped some NOK 800 million from the prior-year quarter on subsea services activity decline in the North Sea market. Norwegian oil services company generated net income of NOK 205 million ($23.8 million), or NOK 0.75 per share,
Ekinops to Upgrade Linxtelecom’s Submarine Optical Ring
Linxtelecom has chosen Ekinops to provide equipment for a 4 Tbps (terabits per second) submarine optical ring linking the three major cities in the Baltic Sea. Ekinops announced that the Linxtelecom ring, over submarine cable, is now operational and connects Tallinn in Estonia, Helsinki in Finland,
Heerema Gears for Alba B3 Jacket Sail Away
Heerema Fabrication Group informed that preparations are being made for the sail away of the Alba B3 jacket to Equatorial Guinea for Marathon Oil’s Alba field third gas compression platform. Heerema is the main EPCI contractor for the 6,000-ton Alba B3 compression platform. The 1500-tons jacket has
Coretrax Delivers Decom Campaign with Hess
Coretrax, a wellbore clean up and abandonment specialist, has completed a three-year decommissioning contract with operator Hess Corporation for the first designated abandonment campaign of its kind. The project began in 2012, involving 30 well abandonments at the FFFA and IVRR fields in the UK Nort
Seatronics Joins Forces with LateraL
Seatronics, an Acteon company, has formed a new partnership with a Norwegian subsea tooling firm LateraL. According to the company, the new agreement would provide Seatronics’ global customer base with access to the FlexiCal product line. FlexiCal is an ROV mounted caliper that allows for direct mea
iSURVEY Positioning for Total’s Offshore Ops
iSURVEY, a provider of survey and positioning services to the oil and gas, offshore renewables and telecommunications markets, has secured a framework contract with Total E&P UK for the provision of rig move navigation and positioning services. Starting October 12, 2015, the three year framework con
Bourbon Q3 Revenues Down Despite Forex Boost
Bourbon has posted higher revenue for the first nine months of 2015, despite reporting a drop in utilization rates and average daily rate in all segments. Namely, a strong US dollar and an increase in the size of the fleet has pushed Bourbon’s revenues up by 6.8 per cent year-on-year. In the first n
Hydro Group’s Connection Systems for MeyGen Tidal Energy Project
Aberdeen-based Hydro Group has secured a contract with Atlantis Resources to supply connection systems for the MeyGen tidal energy project. More than £50 million has been raised to finance the initial stage (phase 1A) of the 398MW tidal array project in the Pentland Firth, Scotland, which involves f