Energy services company Wood Group has, during the first half of the financial year (1H 2015), slashed its workforce by 13 per cent as it feels the pressure of the challenging conditions in oil & gas markets, recording a drop in profit driven by an almost 20% revenue decline. Profit for the six mont
The Fundy Ocean Research Center for Energy (FORCE) has announced the beginning of marine operations related to anchor trials and anchor installations in West Bay and FORCE demonstration area in the Bay of Fundy, Nova Scotia. The announced operations will take place from August 19-26, 2015. In a noti
From August 19—26, vessels and crew will be conducting marine operations related to anchor trials and anchor installations in West Bay and FORCE demonstration area at Minas Passage, Nova Scotia. The vessels involved will use West Bay to anchor in during hours of inactivity and for pre-operation prep
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has plunged back into the red in the second quarter 2015 (Q2 2015) as revenues dropped on weak seismic market demand. The company recorded a net loss of $16.8 million in Q2 2015 versus net loss of $7.9 million in the correspondi
Cemre shipyard in Turkey has recently delivered its latest project, a seismic support vessel ‘Ocean Dolphin’, following its sea trials. The vessel, developed in cooperation by Salt and Vestland Offshore, has entered directly into a 5-year Time Charter for Dolphin Geophysical AS. Ocean Dolphin is the
The Federal Maritime and Hydrographic Agency (BSH) has approved the planning for the sea route of 50Hertz’s Ostwind 1 offshore cable project within the Exclusive Economic Zone (EEZ). The Ostwind 1 project cable routes cover 90 kilometres at sea and three kilometres on land, terminating at the 50Hert
DNV GL has issued a ‘Statement of Feasibility’ for Alstom’s Oceade 1.4 MW tidal turbine. DNV GL is using DNV-OSS-312 to certify the Oceade 18 tidal turbine, with the first stage in the process involving a full risk assessment of the turbine and agreeing actions to mitigate the risk of failure, DNV G
STATS Group has appointed three new directors to strengthen its management team. The Aberdeenshire-based business said the appointments were part of a strategy to fast-track international growth in the energy sector. STATS Group designs, manufactures and installs pipeline isolation and intervention
NEMOS, a German wave energy developer, has started the fully automatized operation of their scaled wave energy system in Denmark. The fully automatized 1:5 scaled NEMOS wave energy device is operating at Nissum Bredning test site in Denmark. It is equipped with optimized hardware and advanced operat
Equinix, the interconnection and data center company, is working with AquaComms, a provider of scalable, subsea capacity-based network solutions, on the deployment of its new transatlantic fiber optic system, America Europe Connect (AEConnect). Scheduled to be ready for service before the end of 201
Intake Works LLC and The HDD Company Inc. have struck a collaboration deal to market subsea intakes for seawater desalination projects along the California coast and elsewhere. Announced at the International Desalination Association World Congress in San Diego, the partnership markets under the Inta
Singapore-listed offshore EPIC contractor, Swiber Holdings, has reported lower core earnings as fewer contracts were executed for the second quarter ended 30 June 2015 (2QFY15). Pre-tax profit fell 81.3% to $2.2 million in 2QFY15 against $11.8 million previously. With the absence of foreign exchange
Eco Wave Power, an Israeli wave energy developer, has closed the first round of fundraising led by Pirveli Venture, where the company gathered investment in the amount of $2 million. The fundraising follows the completion of the second generation wave power plant in Jaffa Port, Israel, in July this
Subsea World News has put together a recap of the most interesting articles from the previous week (August 10 – August 16). Oceaneering’s UK subsidiary has, on August 7, completed the acquisition of a minority equity interest in Viper Subsea Technology. “There will be no change in the day to day man
