Subsea
McDermott Clinches Subsea Tieback Deal from Hess
McDermott International has been awarded a contract from Hess Corporation for subsea tieback work for the deepwater Penn State Deep (PSD) field in the Gulf of Mexico. Scott Munro, McDermott’s vice president for Americas, Europe and Africa said: “This marks our first project with Hess Corporation in
L&T Hydrocarbon Engineering Strikes Shell EPCM Deal
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed an enterprise framework agreement (EFA) for providing engineering, procurement and construction management (EPCM) services for Shell projects in the Middle East, South East Asia and India. The EFA is f
OceanWorks Names PMO Director
OceanWorks International has appointed Richard Gage as a director of the Project Management Office (PMO). Rich is responsible for overseeing and supporting the execution of all projects. Through the management of the PMO, the project director facilitates the required approval of project scopes, sche
EMAS-AMC Norway Set for Liquidation
Emas Chiyoda Subsea has placed its Norway based wholly owned subsea subsidiary, EMAS-AMC AS under members’ voluntary liquidation in Norway. This announcement is made separately to the company’s previous announcement to seek financial restructuring through chapter 11 of U.S. Bankruptcy Code, and ECS
ABB Wraps Up Sale of Cable Business to NKT
ABB has completed the divestment of its high-voltage cables and cable accessories businesses to NKT Cables. The divestment was announced in September 2016. As part of the strategic partnership, ABB and NKT Cables will work together on future project opportunities and R&D. “We are pleased to close th
iSURVEY Singapore Nets Solstad Offshore Deal
iSURVEY Singapore has been awarded a marine construction survey support contract with Solstad Offshore Asia Pacific for works onboard the DLB ‘Norce Endeavour’. Due to start in March 2017, with options for extension in 2018 and 2019, the four month contract will see iSURVEY provide positioning and s
DEME to Boost Installation Capacity with New Vessel Order
DEME has ordered an offshore installation vessel ‘Orion’ at COSCO in China, set for delivery in 2019. The ‘Orion’ will be deployed by DEME’s subsidiary GeoSea for the construction of the offshore wind farms, to service the oil and gas industry and for decommissioning of offshore installations. With
Shanghai Salvage Orders James Fisher Diving System
James Fisher and Sons’ joint venture company, Wuhu Divex Diving Systems, has been awarded a contract by Shanghai Salvage to supply a mobile, 12 man saturation diving system. The system is due for delivery in the second half of 2018. Mobile systems can be deployed on several vessels in the Shanghai S
Boskalis Gives Up on Fugro
The Dutch dredging and marine specialist Boskalis has sold all of its remaining share in Fugro. Boskalis started divesting its holding in the Dutch provider of geotechnical, survey, subsea and geosciences services in December last year. In the last two years, Boskalis had gradually increased its sta
Interventek Supplies Revolution Valve for PRT’s GoM Ops
Interventek Subsea Engineering has signed a two year deal with Professional Rental Tools (PRT) to supply its in-riser ‘Revolution’ valve for well intervention operations in the Gulf of Mexico. Interventek’s Revolution shear and seal valve will be used to enhance PRT’s existing subsea systems offerin
Shell Takes FID for Kaikias Development in GoM
Shell Offshore and MOEX North America, a subsidiary of Mitsui Oil Exploration, have taken the final investment decision (FID) to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias will produce oil and gas through a subsea tie-back to the nearby Shell-operated Ursa
Dril-Quip Axes Jobs as Profits Dip
Dril-Quip has generated net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015. Total revenues were $106.1 million during the quarter ended December 31, 2016
PSA Releases Diving Activity Report for 2016
Petroleum Safety Authority (PSA) Norway has released a report on diving in 2016. There were no personal-injury incidents reported in 2016, but one near-miss during saturation diving in connection with petroleum activities. The results that are presented in the report are from the DSYS diving databas
Emas Chiyoda Subsea in Bankruptcy Filing
Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the company’s financial and operational restructuring. In connection with the filing, ECS has received a commitment on an up to US$90 million financing facility from