The Director General of Transport Red Eléctrica de Spain, Carlos Collantes, President of the Balearic Government, Jose Ramon Bauza, and President of the Consell Insular de Ibiza, Vicent Serra, have presented a draft of the submarine electrical connection between Ibiza and Mallorca. Red Eléctrica wil
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use the Songa Dee mobile drilling facility for production drilling on Gullfaks satellites, well template P. The consent entails an extension of an existing consent for Songa Dee at Gullfaks issued in June 2011. Three satellite
Oslo-listed seismic player Polarcus has slipped into the red as revenue slumped on a market slowdown due to cost-cutting by oil companies. The company recorded a net loss of USD 8.9 million in Q3 2014 compared to a net profit of USD 19.9 million in Q3 2013. Basic and diluted EPS were negative USD 0.
Cluff Natural Resources has announced an initial JORC resource estimate of 335 million tonnes of coal of which 247 million tonnes is measured and indicated, within its 100% owned Kincardine Licence in the Firth of Forth, Scotland. This initial resource estimate is a key step towards building the UK’
With steady growth of the offshore wind industry in the near and further future, offshore wind turbines reach their age limit or maximum operating duration. The need for repowering of wind turbines is foreseeable and provides the players of the offshore wind industry, politics and business with new
Last week, Ichthys LNG Project has celebrated an offshore installation of the Riser Support Structure (RSS) tower at the Ichthys Field. McDermott successfully delivered the riser support structure (RSS) for the INPEX-operated Ichthys LNG Project’s subsea umbilical, riser, flowline development. “The
The Alder is a high-pressure and high-temperature gas condensate field located in Block 15/29a of the UK Continental Shelf. The field lies in a water depth of 150 meters in the central North Sea and it’s presenting its own set of technically challenging requirements. Among them, a critical link that
UK based engineering and construction player Subsea 7 saw profits go up in the third quarter of 2014 on operating income jump, lower costs and lower currency losses. The company scored $206 million in net income, compared with $160 million in the third quarter (Q3) last year. As for the first nine m
Hyundai Heavy Industries Co., Ltd. (HHI) signed a contract for a $1.94 billion order for the second package of the Nasr Full Field Development Project from Abu Dhabi Marine Operating Company (ADMA-OPCO). As per the contract, HHI will undertake engineering, procurement, construction, installation and
Prysmian Group has announced new investments worth over € 40 million to upgrade production capabilities in its cable plants in Pikkala, Finland and in Arco Felice, Italy. The factories are already the Group’s centres of excellence for high voltage and submarine cable production. These new investment
McDermott International has been awarded a three-year shallow water pipeline contract by Brunei Shell Petroleum Company Sdn. Bhd. (“BSP”) to transport and install pipelines and umbilicals for the Champion and Ampa Fields offshore Brunei. Work is expected to be executed through 2017. The full scope o
Solstad Offshore has recorded a higher gain in the third quarter 2014, backed by its AHTS and CSV segments. The company scooped a gain of NOK 253 million ($37.3 million) versus NOK 233 million in the same period of 2013. Revenue climbed from NOK 992 million to NOK 1.13 billion on improved rates and
KBAT has held a three day Deck Decompression Chamber (DDC) operator course at Samcheonpo Seoul hospital in Sacheon City, South Korea. A total of 17 students from various Korean Diving companies and operators of hyperbaric treatment chambers attended the course which was organised by Lee Chan Soo of
Shipbuilder and designer of offshore and specialised vessels, Vard Holdings, has seen its profit slip into the red, mainly due to operational expenses. Vard reported a net loss of 37 million Norwegian kroner (NOK) for its third quarter ended 30 September this year compared to a net profit of 76 mill
