Subsea in June

Highlights-of-the-week2Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month.

The month of June has seen many companies announcing job cuts and business restructuring. Red7Marine has gone into administration with 47 jobs lost, Aker Solutions slashed 200 in subsea division, FMC reduced Norwegian workforce again, while Statoil and Royal IHC decided to let go more than 1500 workers each.

Chevron ran into tendon problems on its Big Foot project, causing an indefinite delay to the start of production.

Good news, however, come from Forsys Subsea, a joint venture between Technip and FMC Technologies, becoming officially operational on June 1. You can find out more below about the newly launched alliance in a joint interview with its founding companies.

Furthermore, EMAS AMC flagship, subsea construction vessel, Lewek Contellation has set an industry pipelay record in the GOM, while on Norwegian continental shelf, EMAS installed Aasta Hansteen Templates.

Subsea 7 kicked off Mariner pipelaying gig, DOF Subsea sold its stake to Technip in Skandi Arctic JV and Ulsten presented a new subsea concept.

For the month of June, our 10 most-read articles were:

DOF Subsea’s subsidiary has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture, 157 meters long purpose designed and built diving support and heavy construction vessel, Skandi Arctic, with immediate effect.
Aker Solutions Cuts Subsea Division Up to 200 Jobs
Aker Solutions has notified employees at its subsea services facility in Ågotnes, Norway, that it has become necessary to adjust the plant’s workforce capacity because of a decline in activity in the Norwegian market. Between 150 and 200 positions in Ågotnes may be affected.



Technip Buys Out DOF Subsea in Skandi Arctic JV                  Aker Solutions Cuts Up to 200 Jobs

Nine of sixteen tendons have sunk to the seabed after failing to float on Chevron’s Big Foot tension-leg platform (TLP), causing an indefinite delay to the start of the project. The TLP was not connected to any wells or tendons at the time of the incident and wasn’t damaged.
To find out about Technip’s soild performance during the first quarter 2015, despite industry headwinds, Subsea World News asked Technip’s President Subsea Hallvard Hasselknippe, who joined the company’s Executive Committee in January 2014.

                                                                          Big Foot Delayed Indefinitely                                                Interview with Technip

FMC Technologies Slashes More Norway Jobs
Houston-based subsea specialist, FMC Technologies, has reportedly started a next stage of workforce reduction in Norway as it marks a drop in offshore activity and feels the cost control sting from the oil companies. The company decided it must downsize by additional 400 employees.
Red7Marine Falls into Administration
Red7Marine has gone into administration, with 47 jobs lost. Administrators from Ernst & Young (EY) have been appointed for the group. The drop in oil prices, which led to offshore E&P and overall slowdown, has left the company in low demand for its services.



 Red7Marine Falls into Administration                       FMC Technologies Slashes More Norway Jobs


Forsys Subsea, a 50/50 joint venture between FMC Technologies and Technip, was officially launched June 1 2015. We were interested to learn more about one of the biggest alliances in the subsea industry, and brought you a joint interview with the company’s parent companies.
EMAS AMC’s subsea construction vessel, Lewek Constellation, has set an industry pipelay record in 2,246 metres of water, during sea trials in the U.S Gulf of Mexico. The record was set In preparation for the execution of three subsea tie-back projects for Noble Energy.

                                                                            Forsys Subsea Interview                               Lewek Constellation Sets GoM Piplay Record

Mariner pipelaying
Pipelaying for the Statoil-operated Mariner field on the UK Continental Shelf (UKCS) started Monday 8 June. Around 40 kilometers of pipelines for gas, oil and diluent will be installed on the seabed from pipelay vessel Seven Navica. The SURF work was awarded to Subsea 7 in 2013.
Statoil Confirms Workforce Reductions
Statoil has estimated potential workforce reduction at 1,100 – 1,500 permanent employees by end 2016. In addition Statoil will further reduce the number of consultants by around 525. The estimated workforce reductions will happen over the coming 18 months.

                                         Subsea 7 Starts Mariner Pipelaying                              Statoil to Cut 1500 Permanent Jobs

Subsea World News Staff
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