Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (January 02– January 08).

McDermott has been awarded a contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia.

The total weight of all structures combined is 11,595 tons.

Work on the contract is expected to be executed through the fourth quarter of 2017.

Fugro Equator, the only vessel left in the search for the missing MH370 flight, continues to conduct underwater search operations using the autonomous underwater vehicle (AUV).

The vessel has completed ten AUV missions with an average duration of 23 hours, since December 21, 2016, ATSB informed.

However, several media reports indicate that the search mission could continue with the privately funded search by Boeing.

Farstad Shipping and Siem Oil Service Invest (SOSI) informed that the companies have not succeeded in finding a solution for the restructuring of Farstad which is acceptable to all affected creditors.

Farstad has for a period of time negotiated with its key creditors to obtain a financial restructuring of the group supported by SOSI.

However, the term sheet between Farstad and SOSI has terminated.

Ultra Deep Solutions (UDS) informed that its “Deep Installer” vessel will be Canadian flagged.

The vessel, based on the proprietary design “Red Class 6027” MT design DSCV, is a DP3, 143-meter multipurpose subsea diving support construction vessel.

Reportedly, this should be the first “Canadian Flagged” DSCV in history after its delivery, scheduled for Q1 2018.

Subsea services group Acteon has acquired Bruce Anchor to enhance its capabilities in the provision of temporary and permanent mooring systems.

Bruce Anchor will retain its independence within the Acteon portfolio.

Bruce Anchor’s director of Sales, Steve Broadbent, will manage the business, reporting to Bernhard Bruggaier, Acteon’s executive vice president of Operations.