Aquatic Asia Pacific, an Acteon company, and subsidiary of Aquatic Engineering & Construction, has appointed Oiltech Consultancy Services (OCS) to market their portfolio of flex-lay solutions, engineering services, patented equipment and offshore personnel to operators and subsea contractors in Indi
GE Tabling Bid for Adwen This Week? General Electric (GE) plans to submit a bid to buy the offshore wind turbine maker Adwen, a 50 -50 joint venture between Gamesa and Areva, this week, according to the French magazine La Lettre de l’Expansion. HeavyLift@Sea Unveils Upgraded Wind Farm SOV Design Ger
Subsea World News has put together a recap of the most interesting articles from the previous week (August 22 – August 28). Allseas’ single-lift installation / decommissioning and pipelay vessel “Pioneering Spirit” has executed its maiden heavy lift project. The Project involved removal ofthe 13,500
A study of the economic contribution made by the Caithness-Moray transmission project has found that it is supporting the equivalent of over 10,000 years of employment in the UK, around half of which are in Scotland. Economic modelling included within a report found that: Of the £1.1 billion total i
Oslo-listed Solstad Offshore, has recorded a profit of NOK 171.2 million ($20.8 million) for the second quarter of 2016, a decrease from NOK 218.3 million ($26.5 million) from the prior-year comparable period, mainly on fleet-related impairments. Namely, the Norwegian vessel owner who entered into a
Electromagnetic Geoservices (EMGS) said it has entered into a data licensing agreement with an undisclosed repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea. According to the Oslo-listed company, the pre-funding amounts to USD 1 million. This new acquisition is expe
Dalby Offshore is currently trialling a new system for motion and impact monitoring of offshore vessels, Oceanic Dynamics, on the recently delivered crew transfer vessel Dalby Ouse. Oceanic Dynamics is created by UK Electronic Solutions, part of NSSLGlobal Group, and is designed to protect the longe
Interventek Subsea Engineering has awarded a sole license for its new surface well intervention valve to international energy services specialist, Hunting. The product will join Hunting’s pressure control equipment portfolio and will be called the Ezi-Shear Seal. According to Interventek, the valve
NRC has launched a new oil spill response equipment assistance service for the European Maritime Safety Agency (EMSA) in Oldmeldrum, near Aberdeen, Scotland. Under this deal, awarded to NRC subsidiary Sureclean, NRC will be responsible for maintaining and storing EMSA’s equipment and ensuring its re
Norwegian firm REM Offshore has posted second-quarter 2016 net loss of NOK 1.12 billion ($136.5 million), compared to profit of NOK 64.3 million or $7.8 million in a year-ago period. The losses were recognised due to newbuild cancellation costs of NOK 191.7 million, and impairment losses of NOK 898.
Barakah Offshore Petroleum’s wholly-owned subsidiary, PBJV, has received a letter of award from Malaysian oil company, Petronas, for the provision of underwater services for oil and gas fields offshore East Malaysia. According to Barakah’s Bursa Malaysia filing, the contract, which is on call-out ba
The Petroleum Safety Authority Norway has given Shell consent to use the facilities at Knarr and Gaupe following a change of operatorship. Shell is taking over the operatorship of Knarr and Gaupe from BG, and has as a result, applied for consent to use these facilities, even though consent for their
Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it booked forex charges and its revenues plunged by some 42 percent in the weak market. In the second quarter 2016, Eidesvik generated revenues of NOK 180 million. Revenues in the corresponding period in 2015 were NOK 380.5 mill
Norway-based Oceanteam has posted net profit attributable to owners of the company of close to $100 000 for the second quarter ended June 30, 2016, bouncing back from $1.5 million loss same time last year. The Oslo-listed company, comprised of two operating segments, Oceanteam Shipping and Oceanteam
