Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (November 17 – November 23).

French oil services provider Technip has announced that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider.

The proposed transaction would take the form of a public tender offer in cash for CGG’s shares at a price of 8.30 euros per share. CGG confirmed having been approached by Technip in an unsolicited manner in respect of a potential combination, and according to the company, “the conditions to pursue were not met.”

Aberdeen based integrated subsea solutions firm, DOF Subsea, has agreed a significant pre-let at Horizons House, Waterloo Quay, Aberdeen.

DOF Subsea will lease the second, third and fourth floors of the five storey development totalling 9,845 sq. ft. which will have the capacity to accommodate up to 400 personnel. The lease will include 71 car parking spaces that will be accommodated within an under croft car park and a new adjacent multi storey car park.

Over 6,900 square kilometres of the seafloor have been covered so far in the search for the lost Malaysia Airlines plane along with 239 people on board.

The latest news on the search vessel movement tells us that Fugro Discovery departed the underwater search area on November 18 to transit to Fremantle for resupply. The vessel is expected depart for the search area on November 24. Fugro Equator’s mobilisation for the underwater search has been postponed due to delays in the supply of equipment.

MacArtney has provided the underwater connectivity solutions for various instrumentation systems mounted on the transnational water pipeline between Turkey and Cyprus, currently under construction.

MacArtney has supplied SubConn® connectors to interconnect 145 cables of approximately 1000 metres length which will be attached to the water pipe. At 1000 metre intervals, MacArtney have built special interconnect ‘T’ assemblies to interface the ends of the cable and to attach sensors for measuring water pressure and other parameters.

FES International, has established a new specialist business, FES Subsea, which will bring five new core product lines to the subsea market.

FES Subsea, based in Ashington, Northumberland, UK, began trading in June 2014, and is already supplying products to Shell, Statoil and Tullow Oil. The company has been launched to deliver a suite of bespoke subsea engineering solutions tailored to meet the current needs of the oil and gas sector.