Subsea
Ofgem Shortlisted Bidders for Westermost Rough and Humber Gateway Transmission Links
Ofgem has announced a short list of four bidders competing to own and run transmission links to two offshore windfarms. They are both located in the North Sea off the coast of Yorkshire. The shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owne
Omega Completion Technology Bags Statoil Contract
Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has secured a completions framework contract with Statoil ASA. The contract awards Omega the right to supply its unique ReACT Technology (Remotely Activated Completion Technology) to all St
Decom North Sea Appoints New General Manager
Decom North Sea (DNS) announced that Karen Seath will join the organisation in September, in the role of General Manager. With the total cost of UKCS decommissioning expected to reach approximately £4.5billion in the next five years, these are strategically critical times for the North Sea decommiss
EMAS Secures Frame Agreement with Apache in North Sea
EMAS AMC, the Subsea Services arm of Ezra Holdings Limited, continues its winning momentum in the North Sea with the award of the frame agreement from Apache. The awarded frame agreement includes, among others, pipeline construction, umbilical/cable lay, structure installation and other typical rela
EMGS Becomes Substantial Shareholder in North Energy
With reference to the announcement of the strategic agreement between North Energy ASA and Electromagnetic Geoservices ASA (EMGS) on 21 January 2014, EMGS has now settled the NOK 75 million convertible bond loan to North Energy. EMGS has converted NOK 28.4 million of the loan into 6,851,463 shares i
Cecon Pride Completes Sea Trials
Cecon ASA announces that the Cecon Pride has successfully completed its sea trials and is in the process of being handed over prior to departure for the Mediterranean, where she will commence a 10 month contract. Also, Cecon, through its subsidiary Rever Offshore AS, has signed an agreement that ext
EEW SPC to Build Foundations for Sandbank OWF
EEW Special Pipe Constructions GmbH has received an assignment to manufacture foundations for the offshore wind farm Sandbank. EEW SPC managed successfully to come out on top in the bidding process. Contracts were signed on 28 May 2014 in Hamburg. The wind farm Sandbank is located in the German Nort
HCS Secures Financing Package from RBS
HCS Control Systems, a Fife-based oil and gas sector company is targeting further growth from international clients after securing a £4.5m financing package from RBS. Headquartered in Glenrothes, HCS is a specialist manufacturer of engineered mechanical, hydraulic and electrical systems for the subs
Barge Carrying Platforms for EnBW Baltic 2 OWF Sinks Off Darßer Ort
A barge that sank on Wednesday morning (August 13) off Darßer Ort in the Baltic Sea was carrying four working platforms for the EnBW Baltic 2 offshore wind farm, the company confirmed in an email statement. “We are still examining the impact and we cannot make a statement yet,” EnBW’s spokeswoman sa
Apache North Sea Becomes 300th Member of Subsea UK
The organisation representing the UK’s £9 billion subsea industry has reached a major milestone with its 300th member. Independent oil and gas operator, Apache North Sea, has joined Subsea UK as oil and gas production from subsea wells in the UKCS continues to increase. Apache North Sea is now the 4
Nevsky Shipyard Launches ‘SPASATEL DEMIDOV’ Salvage Vessel
On August 12, 2014, the launching ceremony of the fourth multipurpose salvage vessel “SPASATEL DEMIDOV”, yard number 704, capacity 4 МW, took place at Nevsky Shipyard’s slipway. The construction of the vessel is carried out in accordance with State Contract for the Federal Marine and River Transport
Pareto JGO Shipbrokers and Derrick Offshore Team Up in Offshore Shipbroking
Pareto JGO Shipbrokers and Derrick Offshore announce a combination which brings together two of the world’s leading shipbrokers in the specialist offshore market. The transaction sees Derrick Offshore being acquired by Pareto JGO Shipbrokers. Derrick Offshore will continue to trade under its current
Badger Explorer Inks Co-operation Agreement with CNPC DR
Badger Explorer ASA (BXPL) has signed a Co-operation Agreement concerning a potential long term agreement with China National Petroleum Corporation Drilling Research Institute (CNPC DR), whereby CNPC DR will become a sponsoring partner in the development of the Badger Explorer autonomous drilling to
SeaBird Calls for Amended Loan Agreement to Purchase Hawk Explorer
SeaBird has requested the Nordic Trustee to call for a bondholders’ meeting to amend the loan agreement of SBX03 (ISIN 001 0633118) to permit an extended financial indebtedness to the company. The consent requirement is 50% of the bonds, and the company has received pre-acceptances concerning the pr