Subsea
First Subsea Secures GROW Funding
First Subsea has been awarded £130,000 of Process Technology Innovation Funding under the Government’s GROW: Offshore Wind programme. The award is for development of a monopile interface connector and hang off cable connector for offshore wind farms and top tension mooring connector for floating win
Hibernia Networks Brings Express Link to Ireland
Hibernia Networks will land a direct connection of its Express cable to Cork, Ireland via a new landing station. Hibernia is the only transatlantic cable provider to own and operate three diverse cable landing stations in Ireland and the only provider with six diverse routes connecting the island of
Ocean Yield Delivers Geco Triton to WesternGeco
Ocean Yield announced that it has delivered “Geco Triton” seismic vessel to its new owners and received net cash proceeds of USD 8.2 million from the sale of the vessel. Previously the company announced the sale of the vessel to its charterer WesternGeco. Ocean Yield has also entered into an agreeme
Scientists Study Tropical Oceans OMZ Growth
Long-term observations indicate that the oxygen minimum zones in the tropical oceans have expanded in recent decades. The reason is still unknown. The scientists at the GEOMAR Helmholtz Centre for Ocean Research Kiel and the Collaborative Research Centre 754 “Climate – Biogeochemical Interactions in
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 15 – December 21). The UK-based oil services company Subsea 7 is reported to be letting go almost 150 employees in Norway. According to the latest reports, the company revealed that its Norwa
PGS Drops Guidance, Postpones Vessels
Oslo-listed seismic player Petroleum Geo-Services (PGS) said today it expects lower earnings for this year and a further decline in profits in 2015 due to drop in oil prices and exploration cost cuts by the offshore oil companies. The company expects its EBITDA to be around $700 million for the year
Boskalis Gets Wikinger OWF Construction Contract
Royal Boskalis Westminster N.V. (Boskalis) in partnership with Volker Stevin International (VolkerWessels) have been awarded a contract by Iberdrola Renewables Offshore Deutschland GmbH for the partial construction of the Wikinger Offshore Wind Farm in German section of the Baltic Sea. The work comp
PHOTO: SAL’s MV Frauke Completes Its Job
SAL Heavy Lift’s Type 176 vessel MV Frauke successfully finalized her latest project, for which it had been engaged since July 2014. The project consisted of seven phases: – Mobilization and special preparation of the vessel in Germany and the Netherlands; – Loading and transport of two empty carous
Ennsub Builds Ceona Amazon LARS
Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems which have been designed and manufactured for ROVOP and are due to be installed into a new build, tier one pipelay vessel Ceona Amazon early in 2015. The company demonstrat
Hughes SSE Wraps Up Gwynt y Môr Project
Hughes Sub Surface Engineering (Hughes SSE) has completed works on the world’s second largest wind farm Gwynt y Môr. Since 2012 Hughes SSE has been a provider of core services to the construction efforts at Gwynt y Môr wind farm. During a 34 month involvement, Hughes SSE provided a combined operatio
Schlumberger Bags Mariner Contract from Statoil
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, ne
Rem Offshore Puts Off Newbuild Delivery
Norway’s Rem Offshore and Vard Group have agreed to postpone delivery of the OCV (Offshore Construction Vessel). Namely, in June 2014, Rem Offshore entered into a newbuilding contract with Vard for delivery in the first quarter of 2016. However, under the new agreement, delivery of the vessel is sch
Maven Backs Subsea Firm Fathom Systems
Maven Capital Partners (Maven) has led the management buy-out of subsea technology company, Fathom Systems Limited. The £4.25 million investment by Maven in the Aberdeenshire business represents the private equity firm’s 15th portfolio company investment in the energy service sector. In the past twe
Deep C Completes Black Sea Work
Deep C has completed a Mass Flow Excavation and Dredging contract in the Black Sea utilizing their in house designed Deep C Blower. The Deep C blower is an electrically powered Mass Flow Excavation solution with unique capabilities and the ability to be used at considerable water depths. The project