Equipment
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 04 – May 10). A new subsea company was launched at OTC in Houston today May 4, 2015. Underwater Integrity Solutions (UIS), headquartered in Houston, is an independent company focused on underwater
Highlights of the Week – Readers’ Choice
New Suez: 62.9 Pct of Dredging Finalized Up to 157.260 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said executive director supervising the dredging process Wagdi Zaki. Belgian Business Delegation Visited Managua HKND Group an
Royal IHC Launches TSHD ‘ILEMBE’
The naming and launch ceremony of the 5,500m³ trailing suction hopper dredger (TSHD) ILEMBE took place this morning at Royal IHC’s shipyard in Kinderdijk, the Netherlands. The dredger is being built for Transnet National Ports Authority (TNPA), the national port authority of South Africa. The ceremo
Ecosse Subsea Systems Adds MASfab
Banchory-based subsea technology specialist, Ecosse Subsea Systems (ESS), has acquired MASfab for an undisclosed sum. The County Durham-based MASfab provides a range of fabrication, welding and construction services to the oil, gas and renewables sectors. As part of the deal MASfab has been awarded
Subsea 7 Lands USD 300 Mln Maria Gig
Subsea 7 has been awarded of a contract with a value of approximately USD 300 million for the Maria field development by Wintershall Norge AS. The pipeline and subsea construction contract consists of engineering, procurement, construction and installation (EPCI) of 95 kilometres of rigid flowlines
Vertech Invests in Growth
International oil service firm Vertech, part of Global Energy Group (GEG) has announced plans for rapid growth at its new Aberdeen office in the next five years. Only a few months old, the Granite City arm of the Australian company, said it aims to achieve £40 million annual turnover from the base.
Polar Duchess in 3D Barents Shoot
Dolphin Geophysical, in partnership with TGS, is currently acquiring 4,100km² of Multi-Client 3D Broadband seismic in the Barents Sea. The Polar Duchess is utilising 12 streamers and is working towards a planned completion date in June 2015. The Ringvassøy survey will cover open acreage of the Norwe
Kvaerner Earns $18.3 Mln in Q1
Kvaerner, an engineering, procurement and construction (EPC) contractor, has recorded net profit for total operations of NOK 137 million ($18.3 million) in first quarter 2015, compared to NOK 63 million ($8.4 million) in the corresponding quarter last year. Basic and diluted earnings per share for t
Scientists Study Ocean Acidification Effects at Raunefjord
In a new experiment with the KOSMOS mesocosms, scientists from GEOMAR Helmholtz Centre for Ocean Research Kiel address key questions about the impacts of ocean acidification on the food web and biogeochemical cycling. As part of this study, which runs until the end of June in Raunefjord, Bergen (Nor
Plexus gets third well order from Maersk Oil
Plexus Holdings PLC, an oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has secured an additional purchase order with Maersk Oil’s Danish business unit to supply its wellhead system and mudline services for a well offshore
Plexus Wins Another Delivery for Maersk
Plexus has secured an additional purchase order with Maersk Oil’s Danish business unit to supply its wellhead system and mudline services for a well offshore in the Danish sector of the North Sea. According to Plexus, the value of the order is estimated at approximately £1.25 million with revenues s
Nexans’ third delivery to Statoil’s Snøhvit
Nexans has delivered one umbilical to the Snøhvit offshore field in Norway, which is the company’s third delivery in a €45 million ($50.59 million) contract with Statoil. Nexans said that Statoil’s Snøhvit gas field, the largest industrial project off the coast of northern Norway, will be equipped w
Subsea Industries Gets 2014 Maritime Innovation Award
The 2014 Maritime Innovation Award, given jointly by the Royal Institution of Naval Architects and QinetiQ, has been presented to Subsea Industries for the product Ecolock. The Maritime Innovation Award is presented to an individual or organisation in recognition of outstanding scientific or technol
Nexans Provides Snøhvit CO2 Umbilical
Statoil’s Snøhvit gas field will be equipped with Nexans’ static umbilical that provide hydraulic, electrical and fibre optic services for subsea services. The Snøhvit project development will establish an additional well at a new CO2 injection template as well as prepare for gas production from exi