News
UK union calls for talks to avoid further strike in North Sea
UK’s trade union Unite has called for urgent talks with energy company Wood Group to avert further strike action in the North Sea after new strike dates had been set. To remind, Wood Group’s workers on Shell’s North Sea assets participated in two strike actions in a dispute over proposed cuts of up
Gazprom posts lower profit in Q1
Russian gas giant Gazprom posted on Wednesday a drop of 5.1% in its first-quarter net profit as operating expenses rose. Gazprom’s net profit of 362.3 billion roubles ($5.6 billion) in the first quarter dropped from 382.1 billion roubles in the corresponding period a year before. The Russian company
Infographic: How Shipowners Changed Behavior in 1H 2016
The infographic below, released by VesselsValue, shows the change in ship ordering, selling and scrapping activities in the first half of this year, when compared to the same period in 2015. The findings showed that there was a 52 percent reduction in spending on second hand vessels. In 2015, a tota
Oil slips to $45 as glut overshadows hope for producer action
By Alex Lawler LONDON (Reuters) – Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a supply glut outweighed hopes of producer action to prop up prices. In the latest sign of ample supplies, market intelligence firm Genscape reported a rise o
GALLERY: Allseas’ giant vessel Pioneering Spirit installs test platform
Allseas’ dynamically positioned single-lift installation/decommissioning and pipelay vessel, the Pioneering Spirit, installed the 5500 t test platform topsides on the substructure in the K-13 field in the North Sea on Sunday, August 7. This follows recent completion of commissioning of the topsides
Crown Estate Names New Chairman
The Crown Estate has appointed Robin Budenberg as its Chairman with immediate effect, following the retirement of Sir Stuart Hampson. Budenberg is currently London Chairman of Centerview Partners and a Non-Executive Director for Charity Bank Ltd and the Big Society Trust. He is the former Chairman a
GEV Invests in New Health and Safety Initiative
Following a recent opening of its US office and multiple tender wins within the wind industry, GEV Group, which comprises four subdivisions (GEV Wind Power, GEV Offshore, Oxifree UK and Subsea Masters), has launched a bespoke 1st4Safety initiative. Since the company’s inception in 2008, GEV Group ha
RMS: 10 Most Catastrophe-Prone Ports
Ports in Japan and China top the list of ten ports in the world with the highest catastrophe risk, according to analysis released by California-based catastrophe risk management firm RMS. According to the analysis, the port of Nagoya in Japan could cause a USD 2.3 billion cost to insurers from a 1-i
Norway’s Statoil to drill new Snøhvit wells
Norwegian energy giant Statoil said it will be drilling a new production well on the Snøhvit (Snow White) gas field offshore Hammerfest in order to maintain the high production and capacity utilisation at the LNG plant on Melkøya island. The Songa Enabler drilling rig has already started drilling a
AMC Boosts Its CTV Portfolio with ESNA’s SES Design
Specialist aluminium boatbuilder, Aluminium Marine Consultants (AMC), and Norway’s Espeland and Skomedal Naval Architects (ESNA) have entered a collaboration under which AMC added ESNA’s surface effect ship (SES) design to its portfolio. Rob Stewart, commercial director, AMC, said: “This vessel is u
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 01 – August 07). Fugro has revealed additional workforce trimming plans and disposal of its subsea services unit in efforts to align its business to current market conditions and lower activity
Popular news, August 1 – 7, 2016
Popular news, August 1 – 7, 2016
Norwegian safety watchdog probes major accident readiness at Hammerfest LNG
Norway’s Petroleum Safety Authority (PSA) has carried out a “major accident” audit of Statoil’s Hammerfest liquefaction and export facility on Melkøya island. From 21 to 23 June, the PSA assessed “how Statoil is satisfying the regulatory requirements and its own procedures in respect of reducing the
A2SEA Gearing Up for Burbo Bank 2
A2SEA’s self-propelled jack-up vessel Sea Installer is currently mobilising in Liverpool and preparing for the installation of 32 MHI Vestas 8MW turbines on DONG Energy’s 252MW Burbo Bank Extension, the Danish company said. The vessel is preparing to handle the new large turbines, which will make th