Norwegian shipowner Farstad Shipping has decided to reduce the size of the organization at the office in Aalesund with 26 positions. In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. Farstad Shipping recorded a net loss of NOK 1.32
Pharos Offshore’s hydraulic cable grab and offshore personnel have successfully supported and completed the recovery of a faulty cable section at the 367.2 MW Walney offshore wind farm in the Irish Sea. The cable grab had been built to client specification for this project and was delivered to Liver
Aberdeen-based provider of flex-lay solutions for the subsea industry, Aquatic, is a company with more than 40 years experience in onshore and offshore installation projects. As part of Acteon’s subsea services group of companies, Aquatic is set up as an independent operator of modular carousels, re
Dalby Offshore Services will move its headquarters to Endeavor Wharf at Whitby Port and start to develop the site as Yorkshire’s renewables and offshore services centre following last week’s decision of Scarborough Borough Council Cabinet to lease the site to the company. Including offices, a marine
Olympic Ship has secured contracts with undisclosed international contractors for its vessels Olympic Zeus and Olympic Hera, the company informed on Monday. The vessel M/V Olympic Zeus has been chartered for a period of up 9 weeks, including options. The vessel will be carrying out project work in W
The construction of the 600MW Gemini offshore wind farm off the coast of the Netherlands has reached an important milestone after the farm’s first wind turbines started producing electricity and feeding it into the grid. Following the construction of the electric infrastructure last year and the ins
The construction of the 600MW Gemini offshore wind farm off the coast of the Netherlands has reached an important milestone after the farm’s first wind turbines started producing electricity and feeding it into the grid. Following the construction of the electric infrastructure last year and the ins
Harkand has been selected to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea. The project will see Harkand provide project management and engineering services and deploy its personnel and one of its dive support vessels (the H
Seismic contractor, Polarcus has posted quarterly loss as it took high impairment charges and 22 percent revenues drop due to the weak market. The Oslo-listed company reported net loss for the quarter of $287.3 million or $4.29 per share, versus the net loss of $80 million or $0.12 per share in Q4 2
SeaBird has inked a new deal to carry out a pre-funded 2D multi-client survey in North West Europe during the upcoming summer season. According to Oslo-listed seismic data provider for oil and gas companies, the project is scheduled to start during the second quarter of 2016 and it’s expected to las
Hydrex has performed a permanent insert repair on a 175-meter tanker after it suffered cavitation damage to the inside shell plating of one of its ballast water tanks. The Hydrex team sailed with a workboat and all necessary equipment to the ship which lay at anchorage in Algeciras. The divers start
Subsea World News has put together a recap of the most interesting articles from the previous week (February 22 – February 28). Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. The company
Singapore-listed Swiber has secured a contract worth about US$100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia. This latest project, which includes pipelines and subsea installation works, starts immediately and is
DeepOcean has welcomed its advanced cable installation vessel to North East England for the mobilisation of specialist cable handling equipment for projects in the offshore renewables and subsea interconnector sectors. Operated by Darlington-based DeepOcean on a long-term charter from its owners Mae
