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DeepOcean and Level Personal have teamed up to create a new company to deliver personnel to the offshore business and marine industry. DeepOcean and Level Personal will each own 50 percent stake in the new company, named Level Offshore. The core business is staffing to the offshore industry and the marine market, with the head […]
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Norwegian oil company Aker BP has awarded Kvaerner a contract for delivery of the topside and steel jacket substructure for Valhall Flank West project development in the Norwegian sector of the North Sea. To remind, Aker BP last week submitted the plans for development and operations for the Valhall Flank West, Ærfugl and Skogul fields to the […]
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Vattenfall is participating in the tender for the Hollandse Kust (zuid) offshore wind zone, the Netherland’s first non-subsidized tender. Vattenfall has decided to join the tender as part of its commitment to the green transition of Northern Europe, and sees it as an important step to become fossil free within one generation, the Swedish company […]
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Offshore drilling contractor Odfjell Drilling is looking to reduce pay for its offshore workers.
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Vattenfall set its new financial targets at an extraordinary general meeting on 12 December, as the renewable energy sector has matured and changed market conditions, resulting in lower risks and thus a lower and more stable financial return.
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The chief operating officer (COO) and executive director of EnQuest has decided to step down from his positions in the company.
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Business & Finance, Operations & Maintenance, Research & Development, Technology
The Finnish power utility Fortum has acquired shares in wave energy player Seabased, corresponding to an approximate 10% stake in the company.
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Finland-based clean energy company, Fortum, has acquired a 10 percent stake in Seabased for an undisclosed value. Seabased is a Swedish company offering wave energy solutions from design, to manufacture and installation of grid-connected wave parks. The company is known for its Sotenäs project that was jointly developed with Fortum and the Swedish Energy Agency. The Swedish Energy Agency […]
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Spanish oil company Repsol is set to resume work on the Yme field in the North Sea offshore Norway, after years of delays at the project. The company has hired a drilling rig/production platform, and has ordered caisson support structure for the Yme New Development project. Danish driller Maersk Drilling on Thursday said it has […]
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Equipment, Project & Tenders
Kvaerner has been awarded a contract from Repsol Norge for the construction of a permanent caisson support structure for the Yme new development project. The construction contract, with a value of around NOK 70 million, includes procurement of materials and construction of the Yme support structure which is 38 meters tall and weighs 1 300 […]
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Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology
Waves4Power’s WaveEL wave energy device has reached five months of exporting electricity to the Norwegian power grid from the Runde test site.
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Container volumes at the Port of Gothenburg have reached a new record low, according to the port, which recorded a fall of 28 percent in its figures for the third quarter of this year when compared to Q3 of 2016. Based on the figures, this is the worst third quarter ever in terms of container […]
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Business & Finance, Operations & Maintenance, Research & Development, Technology
Seabased is reportedly discontinuing further deployments at its Sotenäs wave energy park off Sweden as it plans to continue with wave energy research in the area.
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders
Subsea World News has put together a recap of the most interesting articles from the previous week (October 23 – October 29). Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with approximately 250 jobs lost. The restructuring is related to the continuing low oil price and historic low investments […]
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Norway’s offshore vessel owner Forland Shipping will sell its fleet of two subsea vessels to Nord Vest AS, a company run by Age Remoy, founder of REM Offshore, a company that recently became part of Solstad Farstad. Forland has found itself in a tight spot as it has been unable to keep its vessels – […]
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Business & Finance, Operations & Maintenance
The principal owner of Frode Bjørn AS, Torpevikvegen 4-6 Eiendom AS, said it will sell 100% of Frode Bjørn AS to In Nord Vest after a restructuring has been completed. Frode Bjørn is the parent company of Forland group of companies with fleet of two wholly-owned subsea vessels Forland Inspector (Lewek Inspector) and Fugro Saltire. […]
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Swedish Port of Gothenburg has decided not to increase the charges set out in the port tariff for the third year in succession, keeping the charges for 2018 on the same level as 2015. “By doing so, we are seeking to boost growth in industry, shipping and port operations. At the same time, we want to be […]
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Norwegian builder of ferries and offshore support vessels has obtained an investment worth NOK 300 million (USD 38.8 million), the shipbuilder said. The cash injection comes from a group of investors comprising the compatriot cruise, ferry and cargo operator Hurtigruten and its owners, Petter A. Stordalen and TDR, along with Åge Remøy and Magnus Roth’s […]
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UK-based oil and gas company EnQuest has further cut costs on its Kraken development in the UK sector of the North Sea by $100 million. In its half year results on Thursday, EnQuest confirmed it had reduced Kraken’s full cycle gross project capex by a further c.$100 million, down to $2.4 billion, 25% down on […]
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The labour dispute at the Port of Gothenburg has led to a 22 percent drop in container volumes shipped during the first half of this year when compared to the corresponding figures from last year, the port authority said. The “unprecedented fall in the container volumes”, as the port described it, is said to be […]
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Business & Finance, Exploration & Production
Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has resolved to apply for a listing of its shares on the Oslo Stock Exchange (Oslo Børs) in the second half of August 2017. In a statement on Friday, August 4 the driller said the target for the listing is to increase public awareness […]
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Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company. The company said last Friday that it chose Simon Johnson as the new CEO. Johnson most recently served as a senior vice president of marketing & contracts at another offshore drilling company, Noble Corporation. Borr added […]
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Borr Drilling, a recently established offshore drilling company, has received a letter of commitment from Total for the use of one of its jack-up rigs in Nigeria. According to the driller, which recently bought Transocean’s entire jack-up rig fleet, the company has, together with its Nigerian partner Valiant Energy Services West Africa, received the commitment […]
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Kvaerner has completed and named riser platform (RP) jacket for the Johan Sverdrup development which will be ready for delivery in July. The RP jacket was given the name Aegir at a ceremony held at Kvaerner’s yard at Verdal, the company informed. The jacket is the first major structure for the Johan Sverdrup project to […]
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Classification society DNV GL has approved Norway-based Torgy LNG’s updated fuel tank design. The updated LNG Type A tank design has been granted a general approval for ship application (GASA) by DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been awarded a GASA certificate, DNV […]
