Subsea
Pacific Radiance Director Under Investigation
Pacific Radiance executive director Mok Weng Vai was arrested by the Corrupt Practices Investigation Bureau (CPIB) on suspicion of violating the Prevention of Corruption Act of Singapore. According to the company, Mok has not been charged in Court, and was released on police bail on the same day. Mo
Golden Energy Offshore to Manage Neptune Subsea Duo
Golden Energy Offshore has been awarded management contracts with Neptune Subsea to fully manage its two IMR & light construction vessels Larissa and Despina. Neptune Larissa and Neptune Despina are 98.6 meters long sister vessels of Ulstein SX130 design delivered in 2011 by Zhejiang Shipbuilding, a
Olympic Sells Subsea Vessel to Swire Pacific Offshore
Olympic Ship’s wholly owned subsidiary, Olympic Athene, has sold the multifunctional subsea support & construction vessel ‘Olympic Athene’ to Swire Pacific Offshore. The Olympic Athene, of MT 6022 MKII design, was built by Kleven Verft in 2013. The vessel has a length of 115,4 meters and a beam of 2
Boskalis Cuts Stake in Fugro
Boskalis Westminster NV (Boskalis) said it has decreased its holding in the Dutch provider of geotechnical, survey, subsea and geosciences services, Fugro NV, to 24.9 percent. The Dutch dredging and marine specialist held, according to its 2015 annual report, 28.6 percent of Fugro’s shares per Decem
Vocus to Build Australia Singapore Cable
Vocus Group has executed a binding agreement with Alcatel Submarine Networks (ASN), referred to as contract-in-force (CIF), for the construction of the Australia Singapore Cable (ASC). The ASC project is a 4,600km submarine cable system linking Australia to Singapore, and Indonesia, with the system
Technip, FMC Technologies Merger Gets Shareholders Nod
Shareholders of FMC Technologies and Technip voted in favor of resolutions required for the consummation of the proposed business combination of the two companies into TechnipFMC. FMC Technologies held a special meeting of its shareholders. Technip held an extraordinary general meeting of Technip sh
PSA Inspects Barrier Management at Wintershall’s Brage
The Petroleum Safety Authority (PSA) Norway has carried out an audit of Wintershall’s barrier management at Brage. Wintershall Norge is the operator of the Brage field, located in the North Sea, approximately 13 kilometers east of Oseberg. Brage has been developed using an integrated facility on a s
CGG Delivers Morocco Seismic Survey Data
CGG has delivered imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. The seismic survey was acquired using the Geo Caspian vessel. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only four days after the last shot, the company said.
Subsea 7 – OneSubsea Alliance Grabs Dalmatian Award
Subsea Integration Alliance between OneSubsea, a Schlumberger company, and Subsea 7 has secured a contract from Murphy Oil for engineering, procurement, construction, installation and commissioning (EPCIC) of subsea multiphase boosting system for the Dalmatian Field in the Gulf of Mexico. This is th
Arkona Offshore Wind Farm UXO Disposal Complete
E.ON informed that it has completed the disposal of the explosive ordnance at the Arkona offshore wind farm site in the German Baltic Sea. The construction site, with an area of 39 square kilometers halfway between the island of Rügen and the Danish island of Bornholm, is now completely free of rema
NSRI: Subsea Companies Should Branch Out into Offshore Wind IMR Market
A new report from National Subsea Research Initiative (NSRI) has identified operations & maintenance (O&M) – particularly inspection, repair and maintenance (IRM) activities – as the highest potential area for subsea companies to diversify into offshore wind. Titled ‘Subsea Technological Challenges
BP Puts $9 Bln into Mad Dog Phase 2
BP has sanctioned the Mad Dog Phase 2 project in the deepwater Gulf of Mexico. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Oil production is expected to begin in late 202
Bibby Nets Shell Deal in North Sea
Bibby Offshore, a subsea services provider, has secured a new contract with Shell in the North Sea. The campaign, due to start in Q1 2017, will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea. Under the agreement, Bibby Offshor
Fugro – Shelf Subsea Deal Falls Through
Fugro said it has decided to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea. Namely, in August this year, Fugro signed a deal with Shelf Subsea to sell its subsea services business in Asia Pacific, however, Furgo informed that the parties were unable