Operations & Maintenance
Deepsea Metro I Starts Malaysia Campaign for Petronas
Odfjell Drilling has kicked off drilling operations for Petronas offshore Malaysia with the ultra-deepwater drillship, Deepsea Metro I. The contract is for one firm well plus four optional wells. The contract duration for the drilling of the one well is approximately 60-70 days with an estimated val
First Subsea Bend Stiffener Connector for Gina Krog FSO
First Subsea, has supplied a relatchable bend stiffener connector (BSC) to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, floating storage and offloading (FSO) vessel in the Norwegian sector of the North Sea. The Type II BSC comprises a
Helix Posts Q2 Loss, Looks Ahead to Busier Second Half
Offshore services player, Helix Energy Solutions, has seen the weak market pull its second quarter 2016 result deeper into the red, but said it expects business to pick up in the second half of the year. The company reported a net loss of $10.7 million, for the second quarter of 2016, compared to ne
AgileTek to Assist Hydro Group on Wave Energy Project
London-based engineering consultancy, AgileTek, has been awarded a contract to support Hydro Group on an undisclosed wave energy project. The work will see AgileTek assist the umbilical manufacturer with design and engineering of accessories for the cable connected to a wave energy conversion device
Aker Rejects Rem Offshore Restructuring Plan
Norwegian vessels owner, Rem Offshore, has not secured backing for its refinancing plan after the bondholders controlling more than 1/3 of the bonds in the company’s REM04PRO bond issue turned down its proposal. Namely, the industrial investment company, Aker, which earlier this year invested around
Sonardyne Supports Magseis in Red Sea Survey
Norwegian seabed seismic services company, Magseis, has selected acoustic positioning equipment from Sonardyne for its upcoming ocean bottom seismic campaign in the Red Sea. Starting July, and working in partnership with BGP on behalf of Saudi Aramco, the S78 project is expected to last nine months
Havila Alters DeepOcean Vessel Deal
Oslo-listed Havila Shipping and subsea contractor DeepOcean have decided to modify the chartering contract for the vessel Havila Phoenix. The 2009 built subsea vessel was previously signed on a contract, with commencement in Q1 2014, for a firm period of 7 years with 4 optional periods each of 1 yea
MMT Nets Framework Agreement with TenneT
MMT has signed a four year framework agreement with TenneT. The framework agreement runs from 2016 to 2020 and MMT has been selected for geophysical and geotechnical investigations both offshore and nearshore. The area to be surveyed is the electrical grid connection of offshore wind farms within Ge
CGG Amadeus Kicks Off Gulf of Thailand Shoot
KrisEnergy informed that CGG Amadeus has begun a 884 sq. km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand. The program, which was awarded to CGG Services, is estimated to last 41 days. The seismic program will be carried out in two sub-areas of the G10/48 licence
SSE: Caithness Onshore Cable Works Nearing Completion
The installation of four cable ducts through the rock beneath Noss Head, north of Wick, and almost 500 metres out to sea has been completed as part of Scottish Hydro Electric Transmission’s (SHE Transmission’s) £1.1 billion Caithness-Moray project. The transition between land and sea represents one
Strainstall Moring Solution for Pengerang Deepwater Terminal
Strainstall, part of James Fisher and Sons, has been awarded a contract with the Japanese Penta Ocean-Toa joint venture, for its mooring solution to be installed at the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) in Malaysia. The phase two development of the terminal, comprising 11 ne
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
Seamec Adds to HAL Offshore Charter Deal
Seamec, the provider of diver support vessel-based diving services, will be suplying a remotely operated vehicle (ROV) and personnel in addition to its previously arranged charter with parent company HAL Offshore for the multipurpose diving support vessel Seamec II. The vessel charter followed the L
Ezra Suffers Another Quarterly Loss
Offshore oil and gas contractor, Ezra Holdings, has posted a loss for the third quarter ended May 31, 2016, as it books one-off non-cash charge of $181.3 million and sees a continued decline in its offshore support and production services division. The Singapore-based company generated a quarterly l