Oilfield services major Halliburton has reduced its workforce by more than 6,000 employees during the first quarter 2016. Following this recent round of layoffs, the company has slashed it global headcount by approximately one-third since late 2014. The company said its first-quarter revenue dropped
VBMS has been awarded a contract by E.ON for the installation of 65 inter-array cables for the Arkona offshore wind farm (OWF). The total scope of work for VBMS will consist of route engineering, surveying, a pre-lay grapnel run, trenching, termination and testing of the 65 cables. The cabling proje
Basslink’s operator informed that cable repair vessel, the Ile de Re, is returning to Geelong after it wrapped up the first of three jointing exercises. “We are very pleased to report that the first joint has been completed, with 1355m of new cable laid on the seabed,” said Basslink CEO Malcolm Eccl
Subsea World News has put together a recap of the most interesting articles from the previous week (April 18 – April 24). Italian contractor Saipem has been awarded new E&C (Engineering & Construction) contracts valued at approximately €430 million ($487 million). The first is a contract with Statoi
Ocean Energy Systems (OES) has issued the Annual Report for 2015 that presents an overview of the activities undertaken within OES in 2015. Take a look at the list of some of OES member countries’ progress related to open sea testing infrastructure.
The Atlantic Pioneer, the first US-flagged offshore wind farm crew transfer vessel (CTV), is getting ready to embark on the first phase of a 20-year charter to support the construction and operation of the 30 MW Block Island offshore wind farm, following an official christening ceremony at Quonset P
The Atlantic Pioneer, the first US-flagged offshore wind farm crew transfer vessel (CTV), is getting ready to embark on the first phase of a 20-year charter to support the construction and operation of the 30 MW Block Island offshore wind farm, following an official christening ceremony at Quonset P
C.RO Ports Sutton Bridge has submitted an application to the local government of South Holland in Lincolnshire, asking for the approval to build a pontoon and stationing of portakabins and containers, which will be used by DONG Energy on offshore wind farms. The pontoon will be used for mooring of s
The 400MW Global Tech I far shore wind farm marked a milestone of delivering one terawatt-hours (TWh) of energy to the German grid earlier in April, some seven months after its official commissioning. In January alone, the month of strongest winds, Global Tech I’s 80 Adwen 5MW turbines fed over 150
Oilfield equipment manufacturer, National Oilwell Varco, is reportedly downsizing its workforce in Norway by additional 520 employees. The company is said to experiencing a sharp reduction in investments in the oil and gas sector, which reduced sales of new equipment and demand for aftermarket servi
Seaway Heavy Lifting (SHL) has selected IHC IQIP to provide piling and handling equipment for its operations at the Dudgeon Offshore Wind Farm project in the UK. SHL’s main responsibilities cover the storage, transportation and installation of 67 monopiles, transition pieces, and an offshore substat
Statnett has decided to implement the initial construction stage of a new power line between Namsos and Surna. This comprises development of the Namsos-Åfjord and Surna-Snilldal subsections. “The decision was based on three main factors,” says executive vice president Elisabeth V. Vardheim in Statne
DeepOcean has been awarded a contract for provision of engineering, procurement, removal and disposal (EPRD) of Varg Subsea facilities by Repsol Norge AS. The scope of work cover subsea pre-decom survey, recovery of FPSO mooring lines, anchor piles, risers, midwater-arch buoy and subsea structures a
Geophysical contractor TGS has posted first-quarter 2016 net loss of $20.2 million, compared to net profit of $28.6 million in the same period in 2015. This comes down to quarterly earnings per share (fully diluted) of $-0.20, down from $0.28 in Q1 2015. In line with this month’s earlier announcemen
