Equipment
IHC’s Plough for ‘Maersk Connector’ Cable Layer
IHC has secured an order for a power cable plough, destined for DeepOcean’s new cable installation vessel ‘Maersk Connector’. The equipment comprises a 3.3 meter trench depth power cable plough, a sea state 5 LARS and tow winch. The 300 kW jetting system has been designed in close collaboration with
Caterpillar F Series Excavators for Unique Business Needs
The introduction of the 313F, 315F, 316F, and 318F completes Caterpillar’s launch of its U.S. EPA Tier 4 Final/EU Stage IV 11- to 90-ton tracked excavator family. “Customers choose Cat® excavators because they make more money with our products,” said Brian Abbott, worldwide product manager for Cater
Akastor Stays Down
Oilfield services investment company, Akastor, has booked a fourth-quarter 2015 loss as the weak market caused impairments and low order intake to hit the Group’s earnings. The Oslo-listed company recorded loss of NOK 638 million ($74 million) for the third quarter 2015 and loss for full year of NOK
Reach Subsea Wins with Eidesvik
Reach Subsea has entered into contract extensions with Eidesvik Offshore, the Oslo-listed company said on Tuesday. As a part of the 3-year cooperation agreement, entered into with Eidesvik Offshore in October 2014, Reach Subsea provides ROV and subsea services onboard the Viking Neptun also for the
New President for Kongsberg Maritime
Egil Haugsdal has been appointed as president of Kongsberg Maritime. Haugsdal currently heads Kongsberg Oil & Gas Technologies. He has previous experience from Kongsberg as executive vice president of business development and as president of Kongsberg Protech Systems. “I am delighted with the confid
Aquatec Launches New Acoustic Suspended Sediment Profiler
The Aquatec Group, a UK-based provider of instruments, services and solutions for measurement, monitoring and communication underwater, has launched new acoustic suspended sediment profiler. The AQUAscat 1000LT observes profiles of suspended sediment concentration of up to 2.5m using multi-frequency
Harding to deliver lifeboat equipment for Culzean field
Norwegian life-saving systems manufacturer Harding has been contracted to deliver lifeboats and davits to the Culzean offshore gas complex Sembcorp Marine is building for Maersk Oil UK. Harding’s global director of sales Bjørn Sturle Hillestad said: “We have worked hard to strengthen our position in
Subsea 7 Extends with Westcon Løfteteknikk
Oil services company Subsea 7 has renewed a contract with Norwegian cranes and lifting operations specialist Westcon Løfteteknikk (WCL), adding 5 years to existing framework agreement. Over the last three years the framework agreement has seen WCL provide operation of Subsea 7’s own pool of lifting
Deltares: Modelling Storm-Impacts on Gravel Coasts
Gravel beaches occur on many wave-dominated coasts across the world and are widely considered an effective and sustainable form of coastal defense. Despite their societal importance, relatively little research has been directed towards understanding the mechanisms leading to their failure during sto
Expro Names New CEO
Expro has appointment Mike Jardon as chief executive officer, succeeding Charles Woodburn who is leaving the company in April to join BAE Systems. Jardon joined Expro in 2011 as chief operating officer, after holding senior roles within Schlumberger’s wireline, completions, well testing and subsea b
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 08 – February 13). Aker Solutions will temporary reduce wages of its Norwegian maintenance, modifications and operations (MMO) employees, the company said Thursday. Starting in March, senior
Spectrum Ends 2015 in Loss
Norwegian multi-client seismic data specialist, Spectrum, has remained in red in the fourth quarter of 2015 after booking a net loss in the prior quarter on significant revenue drop. The Oslo-listed company reported fourth-quarter net loss of USD 5.5 million on revenue of USD 42.0 million, versus ne
Aker Solutions Swings to Loss
Aker Solutions has booked a net loss of NOK 250 million in the fourth quarter 2015 versus net income of NOK 359 million a year earlier. This constituted a loss per share of NOK 0.83 compared with earnings per share (EPS) of NOK 1.30 in Q4 2014. Excluding special items, Q4 2015 net income was [&helli
Jumbo Delivers Normand Maximus VLS
Jumbo’s mv Fairmaster transported a 1,720t vertical lay system (VLS) from La Rochelle in France to Brattvaag in Norway, destined for the largest vessel in Solstad’s fleet. The VLS, measuring 32x16x44 meters will be one of the main features of the 178 meters long subsea construction vessel Normand Ma