Subsea
Minesto Gets Welsh Govt Funding for Deep Green
Marine energy company Minesto has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government. The funding is part of the commercial roll out, including the establishment of Minesto UK Headquarters in North Wales and commissioning of the first
Siem Offshore Slumps to Loss
Siem Offshore has seen its profits sink into the red for the first quarter 2015 on currency exchange losses. The Oslo-listed company recorded net loss of $25.5 million compared to net profit of $17.7 million in the year-earlier period. The net loss attributable to shareholders was $25.6 million. Nam
UK Wind Farms Construction Could Impact Harbour Seals
Offshore wind turbine installation could damage the hearing of UK harbour seals, University of St. Andrews researchers said. The team of scientists used GPS data loggers on 24 harbour seals during the installation of offshore wind turbines in the Wash in 2012. The data loggers collected information
Wello Becomes Member of Ocean Energy Europe
Ocean Energy Europe has welcomed the Finnish company Wello as its newest member. Wello’s wave energy converter, Penguin, converts waves to electricity with continuous rotational movement. The 1MW Penguin wave energy converter has been undergoing testing at the European Marine Energy Centre (EMEC) in
Interview with CEO: UIS for New Approach to Subsea Integrity
This year’s Offshore Technology Conference has seen the launch of a new subsea company, Underwater Integrity Solutions (UIS). The Houston-based UIS, is an independent company, focused on underwater integrity, production assurance and life extension for subsea fields. UIS leadership team comprises of
PSW Group Bags COSL Contract
PSW Group has entered into a frame agreement with COSL Drilling Europe for Subsea & Riser Maintenance services of the company’s drilling rigs. The agreement has a duration of 3 years and with an optional period of 2 years. Work under the contract has already commenced. The scope of work is for inspe
Solstad Slips into Red
Oslo-listed Solstad Offshore, has recorded a loss of NOK 236 million ($31.6 million) for the first quarter of 2015 due to currency rate fluctuations, and unrealized currency loss of NOK 355 million ($47.6 million). These results compare with profit of NOK 212 million ($28.4 million) in the correspon
Crew Saved After Fishing Boat Sinks Off Isles of Scilly
Five fishermen have been rescued from a life raft overnight after the fishing vessel Kairos sank 75 miles west of the Isles of Scilly. UK Coastguard received two distress calls just after 23:45 yesterday (May 18, 2015) including an EPRIB from the Kairos that gave a GPS location for the vessel. Falmo
Damen Multi Cat for Green Marine’s Wave and Tidal Ops
Green Marine Energy Support Services, based in Orkney, recently took delivery of a Damen Multi Cat 2712 workboat for its offshore wave and tidal activities. The vessel’s first job was laying the moorings for and towing Green Marine’s heavy-lifting barge and the removal of the HS1000 tidal turbine fo
DEME’s GeoSea Acquires HOCHTIEF’s Offshore Assets
DEME’s marine foundations specialist GeoSea announced the acquisition of offshore assets of Germany’s HOCHTIEF. The financial close of the transaction has now been achieved, the company informed. HOCHTIEF is selling all its offshore assets to marine contractor and long-term partner GeoSea. GeoSea ac
Polarcus Supports IMO’s Polar Code Adoption
The Marine Environment Protection Committee (MEPC) met from 11 to 15 May 2015 at the International Maritime Organization (IMO) Headquarters in London and adopted the environmental (MARPOL) provisions of the Polar Code. With the earlier adoption of the safety (SOLAS) provisions in November 2014 and n
Exclusive: New Subsea Company to Challenge the Traditional
A new subsea company was launched this month, comprising of a group of ex-FMC employees in alliance with subsea installation player DeepOcean, aiming to cut subsea tree installation costs by 80%. Subsea World News has used this opportunity to learn more about the newly established firm, bringing you
WATCH: Subsea Celebration of Norwegian Constitution Day
The crew aboard a 121 meters long offshore construction vessel Normand Reach celebrated the Norwegian Constitution Day in their own original way. Norway’s Constitution Day is celebrated on May 17. It commemorates the date when the nation’s constitution was signed at Eidsvoll on May 17, 1814. To hono
NCS Survey Merges with UTEC Survey Construction
UTEC Survey, has announced the merger of NCS Survey, with its Aberdeen based operations UTEC Survey Construction Ltd to form one organization in EMEA – UTEC NCS Survey. UTEC and NCS are both part of the Acteon group of companies which specializes in subsea services. Martin O’Carroll, CEO of UTEC Sur