Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (April 18 – April 24).
The first is a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project. In addition, Saipem secured additional works related to the installation of multi-phase pipelines in the Caspian Sea.
The new concept, called Cap-X, is estimated to cut costs by as much as 30% compared with conventional technology. The Cap-X is based on a suction anchor technology which facilitates the installation on the seabed. It is ¼ the size of today’s subsea templates and enables more operations from vessel instead of rig, the company explained.
The contracts will secure utilization of the subsea project fleet in the regions. In the Asia Pacific region DOF Subsea has been awarded an LOI from an undisclosed client for a EPCI project with the offshore phase during first half 2017.
The company has already started consultation with employee representatives, claiming a continued market slowdown as the main reason behind its decision.
On the official poll website, which drew a lot of public attention after a few funny proposals, the leading name remained “RRS Boaty McBoatface”. The name was submitted by James Hand, who afterwards tweeted an apology after his suggestion went viral and caused the poll website to crash.