Subsea 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 September was underlined by the news that SURF contractor Ceona has gone into administration, making over 100 people redundant. We saw companies further adjusting to challenging market, implementing staff cuts and pulling out vessels from operations. Nevertheless, some major contracts have been awarded in Central North Sea and Gulf of Mexico.
On appointment of the Ernst & Young (EY) Administrators Ceona ceased trading leading to a significant reduction in the scale of the business, resulting in 102 redundancies.
In addition, GC Rieber Shipping has terminated a charter agreement for the subsea vessel Polar Onyx by reason of Ceona’s default.
Aker Solutions will slash 500 jobs in its Norwegian subsea business and French vessel owner and provider of marine and subsea services, Bourbon, will stack up to 35 vessels due to market slowdown.
Proserv has acquired Aberdeen-based Nautronix while BP and Subsea 7 inked a joint development agreement with Magma Global in a project to qualify Magma’s carbon fibre m-pipe as the next generation of subsea pipelines
Maersk Oil has awarded Subsea 7 with Culzean SURF deal, worth in excess of $150 million, and Shell ordered Oceaneering’s umbilicals for its deepwater Appomattox development.
For the month of September, our 10 most-read articles were: