Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slide into the red in the third quarter of 2015 on weak market and impairments compared to a year-ago period. Despite tightening up the wallet, the Oslo-listed company posted net loss of USD 25.4 million, compared to net income of USD 7
The Atlantic Wavepower Partnership (AWP) has withdrawn from the Wave Energy Prize competition. AWP, a partnership formed between Renewable Ocean Energy and AWS Ocean Energy, has been selected by the Wave Energy Prize administration as one of the 20 qualified teams out of 92 official registered teams
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has narrowed its net loss in the third quarter, following the company’s financial restructuring and further implementation of cost cutting measures. SeaBird posted net loss of $1.7 million for the third quarter of 2015, compared
French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its transformation plan, the company said today during third-quarter earnings presentation. Furthermore, in the third quarter 2015, as a result of deterioration of market conditions and the
Electromagnetic Geoservices ASA (EMGS) has signed a letter of award with a repeat customer in India. According to the company’s Oslo Stock Exchange filing, the contract is worth approximately USD 15.3 million. The survey, which is located off the eastern coast of India, will be conducted by the vess
Aker Solutions has delivered lower third-quarter profit as its revenue dropped some NOK 800 million from the prior-year quarter on subsea services activity decline in the North Sea market. Norwegian oil services company generated net income of NOK 205 million ($23.8 million), or NOK 0.75 per share,
INPEX-operated Ichthys LNG Project has completed the offshore pipelay for its 890-kilometer, 42-inch diameter gas export pipeline that began in June 2014. According to the company, it is the longest subsea pipeline in the southern hemisphere and the third longest subsea pipeline in the world. The ga
Statkraft has entered into an initial six month charter agreement, with a longer-term extension option, to use the WaveCraft, operated by Tidal Transit, to transport its O&M turbine technicians into its Sheringham Shoal Offshore Wind Farm field. The 317MW Sheringham Shoal Offshore Wind Farm is locat
Royal Australian Navy (RAN) hydrographic survey vessel, HMAS Leeuwin, arrived in Port Moresby, in late October for a five week surveying task to chart waters in the eastern part of Papua New Guinea. While in Port Moresby Harbour, Leeuwin’s Commanding Officer, Commander Nic Zillman, hosted several di
The share of renewable energy input into Germany’s gross national energy requirement is set to hit the 33% mark in 2015 if the unpredictable late autumn stats do not throw a spanner in the works, Germany Trade & Invest reports. Some 193 billion kilowatt hours will come from offshore and onshore wind
Heerema Fabrication Group informed that preparations are being made for the sail away of the Alba B3 jacket to Equatorial Guinea for Marathon Oil’s Alba field third gas compression platform. Heerema is the main EPCI contractor for the 6,000-ton Alba B3 compression platform. The 1500-tons jacket has
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
Maritime and Port Authority of Singapore has informed that from from November 5, 2015 to March 15, 2016, submarine cable laying work will be carried our west of Tuas View Extension, Johor Strait. According to MPA the works will be conducted between 07:00 and 18:00 hours daily, including Sundays and
