Glassfiber Produkter has been awarded a contract from Aker Solutions as part of its Total Kaombo project in Angola. Kaombo is one of the world’s largest subsea developments, located in Block 32 about 150 kilometers off the coast of Angola. According to the company, the contract will see Glassfiber P
Subsea IMR provider, N-Sea, has been awarded a new contract with Galloper Offshore Wind Farm. The contract for pre-construction unexploded ordnance (UXO) clearance works started in April 2016 and includes UXO risk management, target investigations and clearance on the Galloper Wind Farm, off the coa
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), int
Nordic Trustee ASA and Harkand Finance Inc. have exercised their rights to terminate the internal bareboat charters for the dive support vessels Harkand Da Vinci and Harkand Atlantis. The two vessels were scheduled to deliver subsea support services for Maersk Oil’s Flyndre development. Nordic Trust
BP has received consent to extend the operating life of the Ula oil export pipeline. BP Norge (BP) is the operator of the Ula field, located in the southern North Sea. It is located in about 70 meters of water, and consists of three conventional steel facilities. The oil from Ula is transported to T
Norwegian contractor Reach Subsea said it has agreed on restructuring of its charter agreements with Solstad Offshore and Østensjø Rederi, which should enable the company to move forward with market based chartering rates. As part of the restructuring Solstad Offshore and Østensjø Rederi will become
Oceaneering reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million for the three months ended March 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $69.5 million (approx. 64 per cent higher), or $0.70 per share, on revenue of $787 m
The University of New South Wales (UNSW), is using underwater positioning technology from Sonardyne Asia in Singapore to support pioneering research into human impact on marine and estuarine habitats. The Scout-Pro Ultra-Short BaseLine (USBL) system tracks the position of divers whilst they collect
Energy supplier E.ON has awarded the contract for the transport and installation of foundations at the Arkona offshore wind project in the German Baltic Sea to Van Oord. Van Oord will install the project’s 60 monopiles and transition piece foundations. For installing foundations at the Arkona offsho
Subsea 7 has been awarded engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea, as part of the Callater field development, located 335km north east of Aberdeen. According to the company, the contract is worth between USD 50 million and USD 150 million. The wor
Sabella, a French-based tidal energy developer, plans to retrieve its D10 tidal turbine, deployed in Fromveur Passage, off Ushant island, this summer.
The winter refit process of Seatricity’s Oceanus 2 wave energy converter is nearing completion, with the device expected to hit the water in the following days.
