Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (September 11 – September 17).
Baker Hughes, a GE company, said it has been awarded a “major” subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast.
BHGE will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, including seven manifolds, tie-in systems, long offset subsea and topside control systems, SemStar5 HIPPS (high integrity pressure protection) Systems, workover systems and tools, and will support the installation, commissioning and start-up operations.
InterMoor, provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has been awarded a service contract with Subsea 7 to provide mooring and tow services for BP’s new Mad Dog 2 project.
The contract with Subsea 7, BP’s subsea offshore installation contractor on the project, will involve InterMoor securing the new semi-submersible production platform at depths of 4,440ft in the U.S. Gulf of Mexico. InterMoor will install the new Mad Dog 2 platform which includes wet tow and mooring installation.
Atlantis’s tidal stream project in northern Scotland, MeyGen, was not awarded a contract for difference (CfD) from the Department for Business, Energy & Industrial Strategy (BEIS) in this allocation round in respect of Phase 1C of the project.
According to Atlantis, cost reduction for the Phase 1C achieved through improvements in the technology, larger turbines, higher volumes, economies of scale and reduced financing costs was not sufficient to allow the project to secure a contract for difference in this auction where it was competing with technologies such as offshore wind.
UTEC, a global survey company in subsea services group Acteon, has appointed long-term employees, Cory Goodyear, Mick Elmslie and Jonathan Watt as Business Unit Directors across its Americas and Europe and Africa business units.
The announcement follows the completion of a strategic review which also sees the UTEC corporate headquarters move from Houston to within the Acteon building in Aberdeen.
Aker Solutions has earlier this weerk notified employees at its subsea services business in Ågotnes, Norway of the need for new capacity adjustments at the location because of the continuing challenging market situation.
According to the company’s spokesperson, Stina Kildedal-Johannessen, as many as 70 onshore and offshore employees may be affected by this new capacity adjustment. It is said that there will also be a need for temporary layoffs.