Subsea
PGS Sets Up New Financing Plan
Petroleum Geo-Services (PGS) said it has raised gross proceeds of approximately NOK 1.9 billion (approximately USD 225 million) through a private placement of 85.5 million new shares at a subscription price of NOK 22.50 per share. The proceeds from the private placement will be used primarily to fin
Subsea Industries Strengthens Presence in UK
Subsea Industries has strengthened its presence in the UK’s maritime and renewable energy sectors with the appointment of coatings specialist Mark Woods as its UK-based technical representative. Mark will head up newly opened Chelmsford-based Subsea Industries UK, with responsibility for sales growt
Cape Sharp Tidal Connects OpenHydro Turbine to Nova Scotia Grid
Cape Sharp Tidal, a partnership between Emera and OpenHydro/DCNS, has connected its two-megawatt tidal turbine to Nova Scotia’s power grid. Cape Sharp Tidal deployed the OpenHydro turbine two weeks ago at the Fundy Ocean Research Center for Energy (FORCE) test site near Parrsboro. The first, out of
Australian Submarines Get Sonar Upgrades
Thales Australia has been awarded a $100 million contract to design a sonar system for the upgrade of Collins class submarines, Australian Minister for Defence Industry Christopher Pyne informed. Thales Australia will engage other Australian companies including Sonartech Atlas and L3 Oceania, as wel
JFO Supports Technip IMR Campaign in UKCS
Technip subcontracted James Fisher Offshore (JFO) for inspection, repair and maintenance (IMR) work on its client’s offshore installations this summer. The JFO team provided back deck equipment for Technip’s 100 day IRM campaign (including jacket, clamp and weld inspections of offshore installations
Vallourec Pipes for Egina FPSO
Vallourec said it is supplying Samsung Heavy Industries (SHI) with tubes for the construction of the Egina oil field FPSO offshore Nigeria. Egina is an ultra deep offshore project, 130 km off the coast of Nigeria, at a depth of 1750 m. The field infrastructure consists of a subsea production system
Fugro Executes First Part of Rampion Cable Laying Campaign
Fugro said it has completed ‘phase one’ of cable laying operations on schedule at the Rampion offshore wind farm, as the programme takes a break over winter. The installation of 60 cables was completed at the end of October – three more than the 57 cables originally planned. Subsea construction vess
JFD Saturation Diving System for Shanghai Salvage
James Fisher and Sons’ subsidiary JFD has been awarded approximately £35-million ($43.7 million) contract by Shanghai Salvage (SS) to supply a 24-man saturation diving system rated for diving support to depths of 500 meters. The contract is for the design and build of two independent 12 man saturati
Total, Socar Ink Absheron Development Deal
Total and Socar, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate field, located in the Caspian Sea. “I’m delighted with this agreement, which we sign on the occasion
Swiber Scraps Barge to Repay DBS Debt
Swiber Holdings’ indirect wholly-owned subsidiary, Swiber Atlantis Pte. Ltd. (SAPL), has entered into a memorandum of agreement to sell the derrick/lay combination barge ‘Sea Horizon’ to WAG SPV I. The vessel will be sold for USD 10.25 million. Sea Horizon, with a length of 110 meters and a beam of
Report: Subsea Could Stabilize in Long-Term
A new report by energy research and consulting service, Douglas-Westwood (DW), said that due to the current reality of a ‘lower for longer’ oil price, many oil majors have opted to focus on subsea well tiebacks, as sanctioning floating production systems (FPS) for offshore projects has become financ
Atlas Elektronik UK Sells Several Cerberus Diver Detection Sonars
Atlas Elektronik UK (AEUK) has secured two contracts with undisclosed Middle and Far Eastern naval customers for the supply of its Cerberus diver detection sonar (DDS) systems. The first contract is for the follow-on sale of a number of sonars to be utilized in the expansion of a naval harbor protec
Farstad Secures More Work for Its Vessels
Norwegian shipowner Farstad Shipping informed it has been awarded several charter contracts with Petrobras, Shell and Saipem. Petrobras has extended the contract for the MPSV Far Swift with another year in direct continuation with present contract, until October 2017. The vessel will continue to del
URS Targets O&G Decom Market with New Mattress Recovery Tool
Utility ROV Services (URS) has launched a new mattress recovery tool (MRT) developed for the oil and gas decommissioning market. The tool has been designed to recover concrete mattresses that have been installed in oil and gas fields to protect subsea piping. URS said it started developing the MRT i