Subsea
Ezra’s Director Steps Down
Offshore contractor, Ezra Holdings, has announced that Karl Erik Kjelstad resigned as a Non-Executive and Non-Independent Director of the Company. According to Ezra, Karl Erik Kjelstad decided to resign, with effect from 1 January 2015, due to a change in strategic investment position of Aker Soluti
Editor’s Picks for 2014
The editors of Subsea World News have selected a few among many worth remembering articles from the previous year that received exceptionally high attention from our readers. In no particular order, here are some of the news to look back on, in case you missed them last year. Enjoy. Pieter Schel
Best of 2014
Subsea World News brings you the most popular articles from the previous year (January 01 – December 31). The Best of 2014 represents the readers’ choice, based on the monthly statistics and general interest in the articles. January: Stork Sells Its Subsea Division to N-Sea Group Stork Tec
Saipem Remains on South Stream Work Suspension
Italy’s Saipem has said that it does not expect significant changes in South Stream suspension status until 19th February 2015. Namely, Saipem received a “Notification of suspension of Marine Spread activities” short after Russia announced the cancellation of the pipeline project for gas from the Bl
Acta Marine Wraps Up CPT Jobs in UK and Germany
Coastal Chariot has successfully finished two cone penetration testing (C.P.T.) projects in U.K. and Germany. Coastal Chariot assisted a geophysical services company in Liverpool waters and a Swedish survey company in German waters. After already having independently completed a cable laying project
BP Kicks Off Kinnoull Production
BP, on behalf of the Kinnoull field co-venturers, has started production from the Kinnoull field in the central North Sea. Kinnoull is BP’s seventh and final major upstream project start-up in 2014. The Kinnoull reservoir, developed as part of a wider rejuvenation of the Andrew field area, is tied b
MacGregor to Supply Subsea Crane for Toisa DSV
MacGregor, part of Cargotec, has received order from Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC). The contract is for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3,000m of wire rope. All four cranes will be fitted to a new 145m dive support v
Gazprom in South Stream Buyout
Russia’s Gazprom has signed an agreement for the acquisition of the remaining 50% stake in the South Stream gas pipeline project (South Stream Transport BV). South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each.
Bourbon Sells More Vessels
BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agre
Magseis Confirms Chevron Gig
Norwegian geophysical company, Magseis, has secured a final contract with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea. This notice is with reference to the previously announced letter of intent (LOI) from an undisclosed international oil company for seabed
UTEC StarNet Boosts UK Team
UTEC StarNet a division of global offshore survey company UTEC has appointed Colin McHardy as the new Business Unit Director. According to the company, with extensive experience gained from various executive director and operation manager roles, McHaardy’s track record makes him well placed to help
DW: Subsea Processing In Peril?
Much of the recent commentary concerning the decline in oil prices has focused on US onshore production, specifically whether the continued extraction of unconventional resources is viable at current prices. Undoubtedly, this will be a key issue for the dynamics of global supply. However, Douglas-We
Seadrill Gets West Polaris Drillship
Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options starting in 2012. The purcha
Tanjung Offshore, Bourbon Cancel Deal
Malaysian group Tanjung Offshore Berhad and Bourbon Far East Pte Ltd have jointly agreed to terminate exclusive discussions initiated in spring 2014. In June this year, the companies entered into exclusive discussions for the sale of 51% ownership of nine BOURBON Offshore Support Vessels operating i