UK-based maritime security company, Sonardyne , has been awarded a contract to service the Sentinel Intruder Detection Sonar (IDS) system that helps safeguard an undisclosed waterside facility in the Middle East from unauthorised access from the sea. Six years after it was commissioned, the underwat
Subsea World News has put together a recap of the most interesting articles from the previous week (May 09 – May 15). Norwegian shipowner Siem Offshore has terminated the charter party for the offshore subsea construction vessel (OSCV) Siem Spearfish, due to non-performance of the charterer’s obliga
Subsea oilfield services company, Deep Down, reported quarterly net loss of $0.5 million, or $0.03 loss per diluted share, compared to a net loss of $1.3 million, or $0.09 loss per diluted share for the first quarter of 2015. Revenues for the quarter ended March 31, 2016 were $4.4 million compared t
Deep Down, a US-based oilfield services company, narrowed loss in the first quarter. Namely, the company reported a net loss of $0.5 million, compared to a net loss of $1.3 million in the first quarter of 2015. Revenues fell to $4.4 million, from 5.8 million a year ago, due to, Deep Down explained,
The Royal Netherlands Society of Engineers (KIVI) and Dispuut Offshore Technology (DOT) will host a symposium “Space for Subsea” on May 18, 2016 in Theater de Veste in Delft, Netherlands. KIVI is a professional organisation for engineers, and with 20,000 members it is the largest engineering society
Offshore installation services provider Swiber reported a rise in its first quarter revenue, however, it also posted a net loss. Revenue was $191 million, up 16 percent from $165 million reported in the first quarter of 2015. In particular, Swiber said, revenue from ongoing projects in South Asia co
Orkney-based Scotrenewables Tidal Power has launched its 2MW SR2000 tidal turbine at Harland & Wolff Heavy Industries in Belfast. The 550-tonne machine is the first commercial scale machine the company has built. The turbine should undergo preliminary tow trials in Belfast Lough before being towed t
James Fisher Subsea Excavation (JFSE), part of James Fisher and Sons, has signed a contract for providing mass flow excavation services to EMAS-AMC during vessel replacement offshore Libya. JFSE said on Thursday that the contract is their first in the East Mediterranean and that the project will tak
James Fisher Subsea Excavation (JFSE) will deploy its innovative tools and expertise to support its client, EMAS-AMC, with post-lay trenching and backfilling services at the Bouri oilfield. JFSE’s expertise will be used in replacing the floating storage offloading (FSO) vessel Sloug off the coast of
HiLoad LNG, a subsidiary of Sevan Marine, and Technip, a French oilfield services provider, presented the HiLoad LNG Parallel Loading System (PLS) at the Offshore Technology Conference in Houston. In a statement on Thursday, Sevan Marine disclosed several characteristics of the new PLS system displa
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea on Wednesday said it has developed its own LNG containment system, named DSC16 (DSME Cargo Containment System 16).
Germany’s Siemens has shipped its first Industrial Trent 60 gas turbine generator package from its manufacturing facility in Mount Vernon, USA, to Abu Dhabi Marine Operating Company’s (ADMA-OPCO) Satah Al-Razboot (SARB) offshore oil field project on Zirku Island. According to a statement made on Wed
Research fund of Western Norway has announced another NOK 10 million in pre-project funding, with focus on energy, including subsea. The funding, with aim to qualify R&D projects for support from main projects with support from the regional research fund, the Research Council of Norway, EU, Innovati
The Inpex-operated Ichthys LNG project has seen a completion of the offshore pre-lay of the 77 kilometer chain and cable mooring system in the Browse Basin, off the coast of Western Australia. As part of the mooring system, 49 chains were laid on the seabed in water depths of up to 250 metres and an
