Subsea
BAS Extends RRS Ernest Shackleton Charter
British Antarctic Survey (BAS) has declared its fourth option with GC Rieber for an extension of the bareboat charter for ‘RRS Ernest Shackleton’. The extension is for one-year, and will be effective from August 2017, GC Rieber informed. RRS Ernest Shackleton, built by Kverner Klevin Leirvik, was la
ESS Enjoys Early Renewables Shift
Subsea and engineering technology company, Ecosse Subsea Systems (ESS), said it had benefited as an ‘early adopter’ as it moved from its traditional focus in oil and gas in to the renewables and interconnector markets. Banchory-based ESS forecast turnover in the current financial year will double to
Dril-Quip Buys OilPatch Technologies for USD 20 Mln
Dril-Quip has acquired The Technologies Alliance, Inc. d/b/a OilPatch Technologies (OPT) for approximately $20 million funded with cash on hand. Founded in 1990 and based in Houston, Texas, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other product
Allspeeds to Showcase New Cable Retrieval Tool at Subsea Expo
Allspeeds informed that it will introduce its latest developments in cable gripper and retrieval tools, and electrically operated subsea cutters, at Subsea Expo 2017. Reportedly, the new Webtool cable gripper allows the safe and controlled recovery of damaged power and telecoms cable up to 8” diamet
Expro Boosts Well Abandonment Services Management
Oilfield services provider, Expro, has strengthened its well abandonment services with the appointment of senior project manager, Bill Inglis. Expro launched four new business capabilities last year, including well abandonment services encompassing; late-life reservoir management, permanent reservoi
Acteon Buys Bruce Anchor
Subsea services group Acteon has acquired Bruce Anchor to enhance its capabilities in the provision of temporary and permanent mooring systems. Bruce Anchor will retain its independence within the Acteon portfolio. Bruce Anchor’s director of Sales, Steve Broadbent, will manage the business, reportin
CGG Looks to Restructure Debt as ‘Very Difficult Market’ Bites
French seismic survey specialist, CGG, said on Thursday it intends to start discussions with all the stakeholders in order to achieve a financial restructuring. As CGG considers its debt level to be too high, the objective of this restructuring would be to provide the company with a level of indebte
Forum Delivers 350th RT Torque Machine to TAM International
Forum Energy Technologies has delivered its 350th rotational torque (RT) machine to TAM International. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in Aberdeen, UK. This represents the sixth unit that TAM has purchased from Forum in three
Siem Backs Out of Farstad Rescue Deal
Farstad Shipping and Siem Oil Service Invest (SOSI) informed that the companies have not succeeded in finding a solution for the restructuring of Farstad which is acceptable to all affected creditors. Farstad has for a period of time negotiated with its key creditors to obtain a financial restructur
Solstad Wins Gulf of Thailand Gig
Solstad Offshore has entered into a contract with CUEL Limited, Thailand for the provision of transportation and installation for Phase 4 of JDA Block B-17-01 in the Malaysia – Thailand Joint Development Area utilising the Derrick Lay Barge “DLB Norce Endeavour”. The DLB Norce Endeavour will install
EMGS’ Vessel Utilization Increases
Norwegian geophysical services company, EMGS, has seen increased vessel utilization in the fourth quarter of 2016, compared to the corresponding period in 2015. Vessel utilization for the fourth quarter 2016 came in at 89% compared with 21% for the fourth quarter in 2015. For the full year 2016, the
Schlumberger Adds Peak Well Systems
Schlumberger has acquired Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention should, according to Schlumberge
Plexus Scores Another Oman Deal
Plexus has been awarded an order for a second well from Masirah Oil, a BVI based company majority owned by REX International Holdings. The new contract will see Plexus supply Masirah with its POS-GRIP Tersus Mudline equipment and 10,000psi adjustable rental exploration wellhead for the Karamah-1 exp
NOAA Places Coast Survey Navigation Team at Stennis Space Center
NOAA’s Office of Coast Survey said it will homeport one of their six navigation response teams at the John C. Stennis Space Center, Mississippi. The team will be co-located with NOAA’s National Data Buoy Center (NDBC) and adjacent to other federal and state partners involved in seafloor mapping and