Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (June 27 – July 03).
According to report, the loss of position was caused by a deactivation of the forward/aft automatic positioning function by unintentionally deselecting the ‘surge’ button on the DP (Dynamic Position) console located on the bridge which then deactivated the ‘auto position’ mode.
Subsea Innovation has secured an order from Subsea 7’s i-Tech Services to provide 5 ROV installed structural pipeline repair clamps for an emergency pipeline repair systems (EPRS) supporting pipelines off the North and Northwest coasts of Australia.
Subsea Innovation will deliver the project from its recently built headquarters, Innovation House, located on the Faverdale Industrial Estate near Darlington.
Namely, Nautilus requires significant additional funding in order to complete the build and deployment of the seafloor production system to be utilized at the Solwara 1 project offshore Papua New Guinea.
The scope of the first project included provision of light well intervention services to Woodside Petroleum. The second contract for decommissioning services at the Balnaves field the company won from Woodside Energy Julimar.
JDR is a provider of subsea technologies and services to the global offshore energy industry. The company is active in both the oil and gas and renewable energy sectors.