UK based C-Kore Systems delivered their subsea monitoring units to PTTEP Australasia for use on the Subsea Equipment Australian Reliability (SEAR) JIP. The aim of the SEAR JIP is to reduce subsea equipment failures through collaboration and knowledge sharing in order to improve subsea equipment desi
Dolphin Energy has signed a contract with Abu Dhabi Ports to accommodate hardware for its emergency pipeline repair system (EPRS) at its new facility based in Kizad. A signing ceremony was held at Dolphin Energy’s offices, attended by Dolphin Energy’s Chief Executive Officer, Adel Ahmed Albuainain,
FMC Technologies has recorded a 67 percent net income drop year-over-year during the fourth quarter 2015, faced with the continued decline in the North American land market and the negative impact of the strengthening U.S. dollar, as in the quarters before. For the Q4 2015, the Houston-based subsea
Oilfield services investment company, Akastor, has booked a fourth-quarter 2015 loss as the weak market caused impairments and low order intake to hit the Group’s earnings. The Oslo-listed company recorded loss of NOK 638 million ($74 million) for the third quarter 2015 and loss for full year of NOK
Australian Thrust Maritime will provide Malaysian SapuraAcergy and their diving associated entity SapuraKencana Allied Marine with a remote hyperbaric recovery and reception capability for its latest gas project offshore Myanmar. SapuraAcergy will use Thrust Maritime’s technology to ensure the safe
Petrobras has started operating the Cidade de Maricá FPSO platform, in the Lula field (Lula Alto area), in the pre-salt layer of the Santos Basin. The platform is located approximately 270 kilometers from the coast, at a water depth of 2,120 meters. With a daily production capacity of up to 150,000
Reach Subsea has entered into contract extensions with Eidesvik Offshore, the Oslo-listed company said on Tuesday. As a part of the 3-year cooperation agreement, entered into with Eidesvik Offshore in October 2014, Reach Subsea provides ROV and subsea services onboard the Viking Neptun also for the
Eidesvik Offshore ASA has been awarded contract extension from Technip for its vessel Viking Neptun. The contract, including the transit, has secured commitment beyond 2016 for the vessel. Start of the contract is expected in the beginning of April in UK sector. “We are very pleased with the confide
Global Marine Systems has completed installation of approximately 380 km of OCC SC500 fibre optic cable between the Japanese island of Okinawa and an existing branching unit (BU) in the Asia Submarine-cable Express (ASE) system. This extension of the 7,200 km intra-Asia cable system, which was compl
Douglas-Westwood’s new North Sea Decommissioning Market Forecast 2016-2040 predicts that between 2016 and 2040 $70-$82 billion will be spent on decommissioning activity in Denmark, Germany, Norway and the UK. DW anticipates growth in decommissioning activity over the next few years, driven by the su
The Biscay Marine Energy Platform (bimep) will host the sea trials of the wave energy converter as part of the OPERA project which aims to halve the cost of wave energy. Project OPERA (Open Sea Wave Operating Experience to Reduce Energy Cost), coordinated by Tecnalia and Ente Vasco de la Energía (EV
Offshore services player, Helix Energy Solutions has sold its 50% stake in Deepwater Gateway (owner of the Marco Polo platform in the Gulf of Mexico) to a subsidiary of Genesis Energy. The purchase price is $25 million in cash, the Houston-based well intervention and robotics specialist said on Mond
TC Westermost Rough OFTO Limited has appointed CWind to maintain offshore and onshore assets at the Westermost Rough offshore wind farm. Timed to coincide with the handover of the OFTO assets to TC Westermost Rough OFTO Limited, the company has signed up CWind to maintain the mechanical and electric
Oil services company Subsea 7 has renewed a contract with Norwegian cranes and lifting operations specialist Westcon Løfteteknikk (WCL), adding 5 years to existing framework agreement. Over the last three years the framework agreement has seen WCL provide operation of Subsea 7’s own pool of lifting
