Subsea
EMAS AMC Fails “Lewek Inspector” Charter Obligations
Forland Subsea informed that EMAS AMC AS has defaulted on charter payment for the LCV/IMR subsea vessel “Lewek Inspector” due to financial distress. According to Forland, the company is behind on the payment for the month of October 2016, due November 30, 2016 and is ‘unable to settle the outstandin
Aibel Scoops Snorre A FEED Study
Aibel has been awarded FEED study for modifications on Snorre A in connection with Snorre Expansion. The contract also has an option for the actual implementation phase. The Snorre field is to be developed further with a subsea solution to increase recovery. The production is to be hooked up to Snor
SEA-ME-WE 5 Subsea Cable Construction Complete
Construction of the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable has been completed, SEA-ME-WE 5 consortium informed. The cable connects Malaysia, Singapore, Indonesia, Myanmar, Bangladesh, Sri Lanka, Pakistan, Oman, the United Arab Emirates, Djibouti, Saudi Arabia, Egy
EMAS AMC Asks for Short Standstill of “Lewek Connector” Charter
EMAS AMC AS, a subsidiary of EMAS Chiyoda Subsea, has requested Ocean Yield to enter into a short-term standstill agreement relating to the bareboat charter of the vessel Lewek Connector for the months of December 2016 and January 2017. The ultra deepwater multipurpose, flex-lay subsea construction
NSN Link Gets USD 519 Mln Financing
SACE and SIMEST (CassaDepositi e Prestiti Group), and BNP Paribas Corporate & Institutional Banking (CIB) have finalized the export financing of USD 519 million for National Grid North America in support of the works and supply orders awarded to Prysmian as part of the North Sea Link (NSN Link) proj
Nord Stream 2 Hits Sweden Setback
The Nord Stream 2 project has reached an obstacle in Sweden after its government reportedly disapproved of plans to lease harbours in Slite and in Karlshamn. The construction of this new twin pipeline system requires logistical support from harbours on the Baltic coast, including the above mentioned
Malaysia-Cambodia-Thailand Submarine Cable Laying Work Begins
Telekom Malaysia Berhad (TM) informed that the cable laying works for Malaysia – Cambodia – Thailand (MCT) submarine cable system have started in Cherating, Pahang. The cable laying from Malaysia to Cambodia and Thailand, spanning 1,300 kilometers is expected to be completed and in service by Q1 201
ALE Wraps Up Wikinger OWF Work
ALE, strategic heavy-lift services provider, has performed the final load-out for the Wikinger offshore wind farm project in Ferrol, Spain. ALE was contracted to undertake a variety of services for the Wikinger project across two project sites, Cadiz and Ferrol in Spain. The scope in Ferrol was divi
EMGS in New Multi-Client Data Sale
Electromagnetic Geoservices ASA (EMGS) has entered into new data licensing agreements providing it with a net revenue of approximately USD 2 million. USD 1.8 million of these revenues will be recognised in the fourth quarter of 2016, while the remaining USD 0.2 million is prefunding of planned multi
C-Kore Monitoring Tools for PTTEP
C-Kore Systems has been awarded another contract by PTTEP Australasia to supply them with four C-Kore subsea monitoring tools for an offshore operation in Australian waters. PTTEP has used the C-Kore devices on multiple deployments. The C-Kore units confirm the health or find faults in all electrica
Saipem 7000 to Scrap BP’s Miller Platform
Saipem has been awarded a new contract in the UK sector of the North Sea, for the decommissioning of the topsides and jacket of BP’s Miller Platform. The engineering, procurement, removal and disposal (EPRD) contract will see the Italian oilfield services player utilise its semisubmersible crane and
Van Oord to Construct Norther OWF
Van Oord has signed a contract with Norther for the Balance of Plant works for the Norther offshore wind farm, located 23 km off the Zeebrugge coast in Belgium. With a maximal capacity of 370 MW, Norther is set to become Belgium’s largest offshore wind project. After completion it will deliver renew
VBMS Secures Kriegers Flak CGS Cabling Gig
VBMS has been awarded a contract by nkt cables for the installation of approximately 50 km of 150 kV AC high voltage submarine cables for the Kriegers Flak Combined Grid Solution (Kriegers Flak CGS). The project, owned by Energinet.dk and 50Hertz, will connect the future Danish offshore wind farm Kr
Bibby Offshore Awards Equipment Contract to Seatronics
Seatronics, an Acteon company, has been selected by Bibby Offshore as its preferred supplier of subsea rental equipment. The agreement is structured on the provision of marine electronic equipment to Bibby Offshore including ROV, NDT and survey equipment from Seatronics’ rental pool. Bibby Offshore