Equipment
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (July 11 – July 17). Norway’s offshore union Industri Energi (IE) plans to boycott Bibby Offshore to prevent it from securing more work on the Norwegian Continental Shelf due to information suggesting
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (July 11-17, 2016). Boskalis Announces Job Cuts and Fleet Reduction Royal Boskalis Westminster N.V. has completed its fleet rationalization study announced earlier this year. The Netherlands to Implement New Flo
Faroe raises cash for Dong Energy, Brasse
Faroe Petroleum, the independent oil and gas company focusing on the North Sea exploration and production has completed the placing of the shares announced on July 14, 2016. A total of 88,500,000 new Ordinary Shares in Faroe were placed, raising gross proceeds of £62.0 million at a price of 70 pence
Israel’s University of Haifa Orders Saab Seaeye Leopard ROV
Israel’s University of Haifa has ordered a Saab Seaeye Leopard remotely operated vehicle (ROV). The University noted that the Leopard will be a key resource for a new deep-sea research centre which opened recently. The ROV will serve the entire marine research community in Israel through the nationa
BP estimates Deepwater Horizon costs at $62B
BP said on Thursday that, following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon rig explosion and oil spill, it can now “reliably estimate all of its remaining material liabilities in connection with the incident.” As a result, taking into account thi
RigNet to cut 12pct of workforce
RigNet, Inc., a global provider of communications solutions for the international offshore oil and gas industry, on Friday announced restructuring plans which include job cuts. The company said the plan creates a single global managed services sales organization to drive both market share and revenu
OneSubsea Bags Woodside EPC Contract
OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction (EPC) contract totaling approximately USD 300 million from Woodside Energy. OneSubsea will supply a subsea production system and a dual multiphase boosting system for the Greater Enfield project, offshor
AquaTerra Brings in New Manager of Engineering Projects
AquaTerra Group, specialists in offshore construction, rigging and lifting and decommissioning has appointed Stephen Taylor as the company’s new manager of Engineering Projects. AquaTerra believes Taylor, who started his new role in the company earlier this month, will play a crucial role in the fir
OneSubsea clinches $300M EPC contract with Woodside in Australia
OneSubsea, a Schlumberger company, has secured an engineering, procurement and construction contract totaling approximately $300 million from Woodside Energy Ltd. OneSubsea will supply a subsea production system and a dual multiphase boosting system for the Greater Enfield Project, offshore northwes
HAL Offshore gets more work with ONGC
HAL Offshore, via its subsidiary Seamec, a provider of diving support vessels to the Indian offshore oil and gas sector, has secured more work with Indian oil company ONGC. Following a recent announcement that it would supply its Seamec II vessel and marine crew over a 3-year contract to ONGC, for a
PHOTO: Aker Wayfarer Takes On Renewables
The 157 meters long subsea equipment support vessel (SESV) Aker Wayfarer has been engaged in a tidal energy project for the French developer Sabella to retrieve its D10 tidal turbine from the bottom of the Fromveur Strait, off Ushant island, France. Ocean Yeald’s vessel, on a long-term charter with
Akastor Sees More Red Ink
Oilfield services investment company, Akastor, has booked a second-quarter 2016 loss as revenue declines in the weak market. The Oslo-listed company recorded loss of NOK 838 million (approx. $100 million) for the second quarter 2016, compared to loss off NOK 298 million ($35.5 million) in the corres
MPS, Hunger Hydraulic in WaveSub Equipment Supply Deal
Marine Power Systems (MPS), a Swansea-based company, has signed a contract with Hunger Hydraulic UK for the supply of hydraulic cylinders and seals for its WaveSub device. Hunger Hydraulic is providing MPS with hydraulic cylinders for the WaveSub’ power take off system. In addition, Hunger Hydraulic
Unique Hydra Comes Up with New Diver LARS Solution
Unique Group’s diving & life support equipment manufacturing division, Unique Hydra, has developed its new LRE50-A2 extended reach diver launch and recovery system. The LRE50-A2 is designed to resolve an operational requirement to deploy divers a distance off of the side of a vessel. Namely, DP divi