Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (December 04 – December 10).

Aker Solutions has won work to support Statoil in development of the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea.

The company will supply subsea production system and design the topside of the floating production, storage and offloading (FPSO) facility, which will be the largest-ever of its kind offshore Norway, the company said.

Airborne Oil & Gas (AOG) informed that Subsea 7 has joined its shareholder base.

The investment by Subsea 7 entails a partnership of strategic importance to both parties providing the oil & gas industry with cost effective pipe technology solutions, the company said.

James Fisher and Sons has acquired the entire share capital of Lancashire-based EDS HV Group (EDS).

The company acquired EDS for an initial consideration of £9.0 million in cash with potential further consideration of up to £5.6 million subject to profit targets for the two years ending September 30, 2019.

M2 Subsea has appointed David Sinclair as business development manager – renewables and decommissioning.

Based in Aberdeen, David will be responsible for leading the company’s business acquisition strategy for both these sectors in the UK Continental Shelf (UKCS) and Europe.

Umbilicals International has opened its new quayside manufacturing in Channelview, Texas.

The site is beside the ship channel and houses the company’s flagship horizontal helix machine, extrusion line and supporting equipment.