Subsea
Reach Subsea Gets New Major Shareholder
North Energy Capital (NEC) has through a series of transactions become the new major shareholder of Reach Subsea controlling a strategic stake of approximately 30 percent. NEC has reached an agreement with certain shareholders of Accello Partners I AS (Accello), the current 30 percent shareholder of
Emera Launches Energy Solicitation for Atlantic Link
Emera has initiated a solicitation process for energy to be bundled with transmission capacity on the proposed Atlantic Link submarine electricity transmission project. Atlantic Link is a proposed submarine high-voltage direct current (HVDC) electric transmission line that will deliver 900 megawatts
Ichthys Field Subsea Infrastructure in Place
Inpex has completed installation of subsea infrastructure and equipment for the extraction of gas and condensate from the Ichthys field for the Ichthys LNG project. The final laying of 49 kilometers of umbilicals and flying leads, marked the last placement of the subsea network, spread across a 400
thyssenkrupp Takes Ownership of Atlas Elektronik
Industrial group, thyssenkrupp, is acquiring the 49 percent interest in the Atlas Elektronik currently held by Airbus and will therefore become the sole owner of Atlas Elektronik. The Atlas Elektronik group is an international maritime company with a global reputation for sonar systems and has been
Fugro Lands Ichthys IMR Work
Fugro has been awarded a contract from Japan’s oil and gas exploration and production company, Inpex, for subsea services to be executed across the Ichthys facilities in the Timor Sea, some 220 kilometres offshore Western Australia. The five year contract, plus options, encompasses field operations
MCS-DCS Communications Interface Standard Published
The MCS-DCS Interface Standardization (MDIS) network announced the publication of an international standard on the MCS (Master Control Station) DCS (Distributed Control System) communications interface for the subsea industry. The OPC UA based interface, developed by MDIS network members in collabor
Rampion Jacket Ready for Its Substation
The 42-metre long substation jacket for the Rampion offshore wind farm has been installed at the offshore site and is ready to receive the near 2000 tonne topside structure, which is due to load out from Babcock’s Firth of Forth facility in 2017. The two-year Rampion contract for Babcock Internation
Aker Solutions Lines Up 650 Layoffs
Norwegian oil services company, Aker Solutions, is said to be reducing its workforce capacity mainly in Norway, UK and India. According to reports, about 650 positions may be affected due to continued market slowdown and as part of company’s global reorganization. It is understood that some 100 posi
Kvaerner Adds New Member to Its Team
Kvaerner has appointed Sturla Magnus as the new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner’s yard at Verdal. He will start in his new position on April 01, 2017 at the latest. Previous EVP of Structural Solutions, Sverre Myklebust, stepped down at the end of
Ithaca to Launch Harrier Satellite Work, Stella Start Set for February
Ithaca Energy is pushing forward with its strategy of building out the Greater Stella Area production hub as it expects production from its Stella field to start in February this year and investment in the Harrier field development programme to also begin during 2017. Preparation for start-up of the
Trelleborg Boosts Its India Marine Center of Excellence
Trelleborg’s marine systems operation has relocated and almost doubled the size of its engineering and design center of excellence in a new 1,000 square meter premises in Ahmedabad, India. Since 2009, the marine center of excellence has provided detailed engineering design, modelling and analysis fo
OMV to Resume Maari Production This Week
OMV New Zealand informed that the Maari oil field, off Taranaki coast, is set to resume production this week. The company stopped production in late November last year as a precaution, following discovery of a crack in one of the wellhead platform’s 12 horizontal struts during a scheduled inspection.
Halliburton and Petrobras to Collaborate on Complex Reservoirs
Halliburton has entered into a technology cooperation agreement with Petrobras that should advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields. The multi-year agreement will facilitate the development of innovative solutions in
Navantia-Windar to Build Nissum Bredning OWF Jackets
Navantia-Windar joint venture has been awarded a contract by Siemens Wind Power to supply jacket foundations for the Nissum Bredning (NBV) offshore wind farm. The contract covers the supply of 3-legged jacket foundations and their corresponding piles for four SWT-7.0-154 offshore wind turbines. Thes