Subsea
EMF from Subsea Power Cables Doesn’t Harm Marine Organisms, Study Shows
A new report from the Bureau of Ocean Energy Management (BOEM) addresses four questions about the impact of submerged power cables on fish and invertebrates, the principal one being whether electromagnetic fields (EMF) from submerged power cables attract or repulse fish or invertebrates. The purpose
Oceanteam Defaults on Interest Payments
Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016. As part of the financial restructuring that was announced October 20th 2016, Oceanteam has already entered into dialogues with its banks and largest bondholders. The company s
Keppel On Schedule with Karapan Armada Sterling III FPSO Project
Keppel Offshore & Marine’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura, a joint venture between Shapoorji Pallonji and Bumi Armada Berhad. The spread-moored FPSO unit was named Karapan Armada St
Tritech Sonars for Oceanscan
Tritech, a Moog Inc. company, has secured a deal with Oceanscan for the purchase of multiple Gemini 720is and narrow beam imaging (NBI) units from the company’s range of multibeam imaging sonars. The Gemini 720is, an upgrade of the Gemini 720i, was launched in March 2016, and according to Tritech, c
UK Subsea Companies to Strengthen Ties with Brazil
Subsea UK, in partnership with the Department for International Trade and Scottish Development International, will be seeking to establish stronger links between Brazil and the UK to exploit significant oil and gas developments, through their participation at Rio Oil and Gas Expo and Conference. Nei
Subsea International Inks Ashwood Partnerships Deal
Aberdeen-based Subsea International has agreed an equipment funding arrangement with Ashwood Partnerships to enable its customers to access financial support for purchasing equipment. Subsea International is an equipment sourcing and technical support hub operating in oil and gas, offshore renewable
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Technip’s wholly-owned subsidiary, Technip Umbilicals, has repotedly entered into a period of collective consultation with its workforce over proposed redundancies for its Ne
WATCH: Maria Subsea Pipeline Project
The video above shows summer 2016 subsea pipeline installation campaign on the Maria field, Wintershall’s flagship development in Norway. Maria field is located in the Haltenbanken area of the southern Norwegian Sea, some 200 kilometers from the mainland. The innovative field solution involves conne
EMGS Secures Atlantic Guardian Reduced Charter Rate Extension
Electromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel Atlantic Guardian with North Sea Commander Shipping at new and improved commercial terms. EMGS and the owners have agreed to a reduction of the charter hire rate by approximately 27% and a new 5 year term for
SubseaWorldNews.com Brings Livestream from Offshore Energy in Amsterdam
SubseaWorldNews.com will live broadcast three talk-shows that are recorded at “Community Square” on the Offshore Energy Exhibition and Conference (OEEC) on 25 & 26 October 2016 in Amsterdam. In the 30 minute talk-shows, guests from the oil & gas industry, renewables industry and academia will discus
Oceanteam Brings in Interim CFO
Oceanteam said it has appointed Wilhelm Bøhn as the company’s interim chief financial officer. Bøhn (48) will head the company’s financial department and in particular lead the current financial restructuring process. Bøhn, who holds an MBA from Columbia University and a BA from the Johns Hopkins Un
IKM Completes Zeepipe IIA Retrofit Hot Tap Tee Project
IKM has completed and delivered Zeepipe IIA retrofit hot tap tee (RHTT) to Statoil. The final inspection with Statoil took place last Friday, and the delivery was signed and approved by the Norwegian oil and gas giant two weeks ahead of schedule. IKM Ocean Design announced the engineering, procureme
Sea Trucks Wins West Africa IMR Job
Sea Trucks Group said it has been awarded a contract in West Africa by an undisclosed oil company. The contract is for inspection, maintenance and repair, scheduled to start during Q4 2016. The caompany said it will use its multipurpose support DP2 vessel the Jascon 55, a construction barge and a sp
Schlumberger Sees Profits Plunge
Oilfield services major Schlumberger has posted third-quarter 2016 profit of $176 million, or 13 cents per diluted share, versus $989 million, or 78 cents per diluted share same time last year. The company’s revenue fell 17 percent year-on-year to $7.16 billion, from $9 billion in the corresponding