Subsea World News has put together a recap of the most interesting articles from the previous week (February 03 – February 09). https://subseaworldnews.com/2020/02/07/saipem-nets-over-500-million-in-contracts/ https://subseaworldnews.com/2020/02/07/red-ink-for-aker-solutions/ https://subseaworldnews
Saipem has won a number of contracts in various countries, mostly related to subsea work, worth over $500 million.
Norwegian services player Aker Solutions booked Q4 2019 loss of NOK 148 million, against profit of NOK 178 million in the prior-year comparable period. The result was impacted by restructuring and impairment costs as well as ‘very competitive market’ and contracts taking longer to be awarded. Loss p
Dutch survey specialist Fugro has recently started a site survey in support of i3 Energy’s planned 2020 drilling program in the UK North Sea. The survey is expected to conclude during February and covers the remaining areas of Serenity and Liberator West’s Minos High structures not covered by i3’s 2
IRM subsea services expert N-Sea has delivered over 200 continuous days of air and saturation diving program in the Red Sea. Awarded by a supermajor operating in the MENA region, the multi-level, twin bell operations started in July 2019. Deployed via dive support vessel the Lichtenstein, the on-goi
German developer Innogy has marked the beginning of the first phase of Sofia offshore wind farm’s six-month site investigation as the vessel Fugro Pioneer left the Port of Sunderland to survey the project’s 220-kilometre export cable corridor. As part of this phase, both geophysical and geotechnical
Stress Engineering Services (SES) has entered into an agreement with Optimum Program to form the RiGUARD joint venture. RiGUARD combines SES’ offshore drilling analytics expertise with the Optimum Program data-driven drilling riser maintenance program that delivers drilling riser condition-based mai
Norwegian geophysical services company EMGS has returned to profit as revenues hiked close to 180 percent for the period ended December 31, 2019. The Oslo-listed company reported profit for Q4 2019 of $18 million or 14 cents per share, versus loss of $7 million in Q4 2018. Revenues for the quarter r
Legasea and Infinity Oilfield Services have formed a strategic alliance to pursue and execute offshore topsides and subsea projects in the UK North Sea and internationally. The alliance should open up further opportunities by combining Infinity’s engineering capabilities and oilfield services experi
Trident Energy has started a 4D seismic survey over its Block G assets which contain the Ceiba and Okume fields offshore Equatorial Guinea. The field are located some 15 kilometers offshore in water depths ranging from 100 to 1,200 meters. The acquisition, which kicked off on January 22, 2020, is be
DeepOcean has seen more opportunity to grow in the Africa region and therefore decided to centre its operations from Montpellier, France. By centering Africa operations in the South of France it allows DeepOcean to be closer to the customers, with good transport links to the target countries, the co
Northrop Grumman said it will integrate its µSAS (pronounced “micro-sas”) sonar onto L3Harris Iver4 unmanned undersea vehicle (UUV) for a 12-month test period for the Defense Innovation Unit’s (DIU) next generation small-class UUV program. Integrated onto a 9-inch diameter, 99-inch long, 200-pound U
Kim Heng Offshore & Marine’s wholly-owned indirect subsidiary Mazu Land & Marine Works (MLM) has secured a contract by Hung Hua Construction (HHC) for the installation of horizontal directional drilling (HDD) conduits related to the submarine cable installation works for an offshore wind farm in Tai
UK-based offshore technology firm Osbit has won a contract by FTAI Ocean to design and build a well intervention tower system. The so-called ‘smart tower system’ is to be installed on FTAI’s vessel M/V Pride and facilitates integrated riserless and riser-based well intervention operations in water d
