Subsea
Shell Files Brent Decom Plan
Shell has submitted a decommissioning plan for the Brent oil and gas field to the Department for Business, Energy and Industrial Strategy (BEIS). Following submission, an extended 60-day public consultation has been initiated on recommendations to decommission the North Sea field. The field, located
Eni Fires Up East Hub Development Off Angola
Eni has started production from the East Hub Development Project, in Block 15/06 offshore Angola, ahead of schedule. Production is taking place through the Armada Olombendo floating production storage and offloading (FPSO) vessel, which can generate up to 80,000 barrels of oil per day and compress u
Kongsberg Maritime Revenues Fall on Weak Offshore Market
Kongsberg Maritime has generated Q4 revenues of NOK 2.06 billion ($247 million), down from NOK 2.7 billion ($323.5 million) when compared to Q4 in 2015, but up from Q3 in 2016. The quarterly EBITDA is NOK 69 million, including NOK 44 millionin restructuring costs. 2016 revenues are NOK 8.6 billion,
Halliburton Develops Large Bore Subsea Safety System
Halliburton has released the ‘Dash Large Bore Subsea Safety System’, which provides full electrohydraulic control of well safety and intervention functions. The system is said it brings new benefits to deepwater operators for completion and intervention work that improve critical well control of the
DOF Boosts Fleet with Two Olympic Vessels
An undisclosed Norwegian limited company has signed an agreement with Olympic Shipping for the purchase of two vessels, Olympic Commander and Olympic Hera. Further to the purchase, the new owner company has entered into an agreement with DOF for management and operation of the two vessels, whereby D
Impairments Plunge Maersk Supply Service into Red
Offshore marine contractor Maersk Supply Service has recorded a loss (continuing operations) of USD 1.2 billion in 2016 against profit of USD 147 million in 2015. The underlying loss was USD 44 million, versus profit of USD 117 million for the year 2015. The result was impacted by an impairment of U
RE2 Robotics to Develop Underwater Manipulator Arms
RE2 Robotics has received a Phase II Small Business Innovation Research (SBIR) award to develop an inflatable underwater dual manipulator system for the US Navy’s Office of Naval Research (ONR). Explosive Ordnance Disposal (EOD) divers are often placed in harm’s way while performing underwater locat
Polarcus Gets South American Campaign Extension
Polarcus, Oslo-listed seismic contractor, has secured an extension of a 3D marine seismic project in South America. The company received the project award in December 2015, and completed the first phase in August 2016. The second phase is scheduled to start in March 2017 and will be acquired over th
DeepOcean Delivers 3D Laser Survey of Tullow’s Subsea Assets Off Ghana
ADUS DeepOcean and DeepOcean Ghana have recently completed a deepwater subsea 3D laser survey off the West Coast of Africa for Tullow Oil. According to DeepOcean, it is the first extensive commercial survey of its kind, heralding a new era of high resolution, cost effective data acquisition subsea.
Bureau Veritas Introduces New Rules for Diving Systems
Bureau Veritas, international classification society, has issued a new rule note covering the classification of diving systems. The rules sets out requirements for the classification of professional diving systems ranging from surface-supplied systems for shallow water diving to complex saturation s
Fleet Cleaner Set to Launch Its Hull Cleaning ROV
Dutch provider of hull cleaning and inspection equipment, Fleet Cleaner, has completed its first hull cleaning trial by cleaning the HNLMS Karel Doorman, the largest vessel of the Royal Netherlands Navy. In the Dutch port of Den Helder, the company has removed the fouling of the vessel by using its
NOV Reports Q4 Loss
National Oilwell Varco has reported a fourth quarter 2016 net loss of $714 million, or $1.90 per share. Excluding other items, net loss for the quarter was $57 million, or $0.15 per share. Other items totaled $706 million, pretax, and were primarily associated with inventory charges, facility closur
4Subsea Gets Statoil Snorre B Contract
4Subsea has secured a contract for delivery of integrity monitor systems for six flexible risers on Statoil’s semi-submersible platform Snorre B in the North Sea. The company was awarded the contract shortly after the delivery of the fifth system in a row for Statoil’s Snorre A platform. The monitor
Forland Hits Ezra with ‘Pay Up or Wind Up’ Order
Ezra Holdings has received a statutory demand from the solicitors of Forland Subsea for payment of a charter that is due and owing by EMAS-AMC AS for the vessel Lewek Inspector. According to Ezra who acts as the parent corporate guarantor for the charter party, a claim is for some S$4.4 million or N