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EMGS Slumps to Loss

February 13, 2016

Norway’s Electromagnetic Geoservices (EMGS) has plunged into the red in the fourth quarter of 2015 on weak market and restructuring charges related to the company’s cost reduction program. The Oslo-listed company posted net loss of USD 24.1 million, compared to net income of USD 13.1 million in the same period of 2014. EMGS has eneded… Continue Reading »

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Technip Confirms Statoil Contracts

February 13, 2016

Technip was awarded by Statoil two contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The first development phase of Johan Sverdrup field, one of the largest oil fields in the North Sea, is targeted to be on-stream in 2019. The Oseberg Vestflanken 2 project is a development… Continue Reading »

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Hyperbaric welding explained

February 13, 2016

Hyperbaric welding is the process of welding at elevated pressures, normally underwater.[1] [2] Hyperbaric welding can either take place wet in the water itself ordry inside a specially constructed positive pressure enclosure and hence a dry environment. It is predominantly referred to as “hyperbaric welding” when used in a dry environment, and “underwater welding” when… Continue Reading »

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Australian Maritime College to Build AUV Research Base

February 13, 2016

Australian Maritime College (AMC) at the University of Tasmania plans to build a new $750,000-facility dedicated to development of underwater robotic technologies. AMC’s autonomous underwater vehicle (AUV) facility will be home to a fleet of robots used to survey the ocean’s depths and collect scientific data on research missions. “This is an exciting new development for… Continue Reading »

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SBM Offshore Says US Authorities Re-Open Corruption Probe

February 12, 2016

SBM Offshore, the world’s top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company. SBM Offshore reached a record $240 million settlement in November 2014 with Dutch and U.S. authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea, involving an… Continue Reading »

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Rana Wins FSO Gaza Diving Job

February 12, 2016

EMAS AMC has hired Italian diving specialist Rana to provide diving services for the installation and hook up of the new floating storage and offloading (FSO) vessel Gaza. The FSO Gaza will replace the FSO Sloug at Bouri field located 120 kilometers north of the Libyan coast in the Mediterranean Sea. The diving services will be carried… Continue Reading »

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BP: US Shale Oil Output To Double By 2035

February 12, 2016

U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said on Wednesday. In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34 percent, driven by growth in… Continue Reading »

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Germany to end pick-and-mix offshore diving regulation

February 12, 2016

New guidance for offshore commercial diving operations carried out in Germany’s exclusive economic zone has been released by class society DNV GL after strong demand from stakeholders. Until now, diving operations contracted for offshore work in German waters only had reference to inshore diving regulations, which, although mandatory, spanned significantly different types of working conditions,… Continue Reading »

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Huisman CEO Resigns

February 12, 2016

Huisman’s chief executive officer André Meijer will step down from his position, with immediate effect, the company informed Wednesday. The company said it will implement an internal solution and adjust the management structure accordingly, if required. André Meijer took the job in August 2015 after Joop Roodenburg decided to step down as the company’s CEO to… Continue Reading »

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Commercial Diving – Saturation Diving

February 12, 2016

Often spoken of as the ‘holy grail’ of commercial diving. Any diving over the depth of 50 metres is the domain of saturation divers; Highly paid and deep sea divers. The likelihood of oxygen toxicity and narcosis increases for ordinary air divers at this level of pressure making operations using air a limitation for them…. Continue Reading »

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