Top News of the Week of Apr 29 – May 05, 2013

Business & Finance

May 5, 2013

1. Technip Begins Cable Work on Borkum Offshore Wind Farm in Germany

Technip Offshore Wind has started offshore operations on an array cable installation contract for phase 1 of the Borkum Wind Farm development, located 45 kilometers to the North of the German island of Borkum, in the North Sea.

2. Fuglesangs Continues Subsea Expansion (Norway)

Fuglesangs AS announced that it has initiated to spin-off its subsea pump business into a newly formed entity to be called Fuglesangs Subsea AS. The spin-off is being effected to allow Fuglesangs Subsea to increase its focus on the rapidly growing subsea pumping and processing markets.

3. Norway: EMAS AMC Secures Smørbukk South Extension Contract from Statoil

Ezra Holdings Limited (“Ezra”, the “Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that its subsea division, EMAS AMC, has been awarded a subsea engineering, procurement and offshore construction contract from Statoil for the Smørbukk South Extension’s project. The contract is valued at approximately US$75 million.

4. SEVEN WAVES Pipelaying Vessel Launched (The Netherlands)

IHC Merwede has today successfully launched Subsea 7′s 550t pipelaying vessel, SEVEN WAVES, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was carried out by Mrs Lucia Andrade, the ship’s God Mother and Subsea 7 Brazil’s Vice President Projects & Operations.

5. Global Marine Expands Subsea Cable Fleet with Forum’s XT600 Trenching System

Global Marine Systems announced the addition of a ForumTM XT 600 Trenching System to its subsea cable fleet. The XT600 is a purpose-built system that allows Global Marine to significantly enhance performance across the full range of demanding subsea cable maintenance, trenching and survey activities.

Top News of the Week of Apr 15 – Apr 21, 2013

Subsea World News Staff, May 05, 2013