Operations & Maintenance
France and UK Continue MMCM Partnership
Thales, BAE Systems and their partner SAAB, ECA Group and ASV Global have welcomed the confirmation by the Organisation for Joint Armament Cooperation (OCCAR) that the UK Ministry of Defence (MOD) and French Defence Procurement Agency (DGA) will continue their collaboration for the combined United K
Oceanteam Defaults on Interest Payments
Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016. As part of the financial restructuring that was announced October 20th 2016, Oceanteam has already entered into dialogues with its banks and largest bondholders. The company s
Atlantis’ MeyGen foundations installation moves forward
Atlantis Resources has informed that another tidal turbine has been installed as a part of its MeyGen Phase 1A project. The first turbine foundation on the project has been deployed on October 7, in the Pentland Firth, off Caithness. The total of four 1.5 MW turbines, three of which were built by An
Keppel On Schedule with Karapan Armada Sterling III FPSO Project
Keppel Offshore & Marine’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura, a joint venture between Shapoorji Pallonji and Bumi Armada Berhad. The spread-moored FPSO unit was named Karapan Armada St
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Technip’s wholly-owned subsidiary, Technip Umbilicals, has repotedly entered into a period of collective consultation with its workforce over proposed redundancies for its Ne
Top News of the Week, 17 – 23 October
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
WATCH: Maria Subsea Pipeline Project
The video above shows summer 2016 subsea pipeline installation campaign on the Maria field, Wintershall’s flagship development in Norway. Maria field is located in the Haltenbanken area of the southern Norwegian Sea, some 200 kilometers from the mainland. The innovative field solution involves conne
Peel Ports Great Yarmouth Starts Preparing for Offshore Wind Projects
Construction works to enhance port infrastructure at Peel Ports Great Yarmouth for several high profile offshore wind projects have begun, Peel Ports Group reports. A multi-million-pound co-investment has been agreed to support the construction of primary infrastructure and ground works for the Gall
IKM Completes Zeepipe IIA Retrofit Hot Tap Tee Project
IKM has completed and delivered Zeepipe IIA retrofit hot tap tee (RHTT) to Statoil. The final inspection with Statoil took place last Friday, and the delivery was signed and approved by the Norwegian oil and gas giant two weeks ahead of schedule. IKM Ocean Design announced the engineering, procureme
Scottish waves to power a working fish farm
Albatern Wave Energy is planning to install a wave energy array that will produce power for a working fish farm in Mingary Bay, UK.
Sea Trucks Wins West Africa IMR Job
Sea Trucks Group said it has been awarded a contract in West Africa by an undisclosed oil company. The contract is for inspection, maintenance and repair, scheduled to start during Q4 2016. The caompany said it will use its multipurpose support DP2 vessel the Jascon 55, a construction barge and a sp
Schlumberger Sees Profits Plunge
Oilfield services major Schlumberger has posted third-quarter 2016 profit of $176 million, or 13 cents per diluted share, versus $989 million, or 78 cents per diluted share same time last year. The company’s revenue fell 17 percent year-on-year to $7.16 billion, from $9 billion in the corresponding
Aker Solutions Snaps Up Brazilian Services Player
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação, with intention of strengthening its foothold in Brazil’s oil and gas fields services market. The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected clos
N-Sea and BODAC Team Up for UXO Services
Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, identification and removal projects across Belgium, the Netherlands, Germany and Scandinavia. In doing so, the two companies believe they will have the capability to offer developers, contractors a