Subsea
EDS Group Gets Rampion Cable Termination Work
EDS Group has been chosen to complete cable termination and jointing work at Rampion offshore wind farm. The site which is based off the Sussex coast in the UK will feature 116 turbines, each 3.45 MW in capacity, giving the project a total generating capacity of 400 MW. Starting in the autumn of 201
Maersk Supply Service Cuts More Jobs
Maersk Supply Service will be reducing its onshore organisation by up to 25 percent in, as the company says, response to the continued market decline in the offshore industry and the recently announced vessel divestment plans and offshore staff reduction In August Maersk Supply Service announced tha
Aker BP Snaps Up Tullow’s Eight Licenses Off Norway
Aker BP has reached an agreement to acquire working interest in eight licenses from Tullow Norge. The transaction will see Aker BP strengthen its position in areas surrounding the Ula, North of Alvheim, Skarv and the Krafla/Askja areas. Furthermore, the transaction includes 15 percent in the Oda (pr
Olympic Extends Standstill Agreement
Olympic Shipping, a Norwegian provider of inspection, maintenance, and repair vessels, has reached an extension of the standstill agreement with its secured lenders up to and including October 14, 2016. The initial agreement, running up to September 30, was reached in July this year with the aim of
Akastor Sells Part of Frontica Business to Cognizant
Akastor, an oil service investment company, has entered into a definitive agreement to sell Frontica to Cognizant for a consideration of NOK 1,025 million on a debt-and-cash-free basis. Frontica is comprised of the ITO and BPO business segments of the Frontica Group, and excludes Frontica’s staffing
Trendsetter, Add Energy Build Relief Well Injection Spool
Trendsetter Engineering and Add Energy have combined their expertise in well control engineering and equipment design to develop the relief well injection spool (RWIS). The RWIS is designed to enable pumping of up to 200 barrels per minute of kill mud through a single relief well utilizing multiple
Airborne Oil & Gas to Qualify TCP for Total’s Jumper Spools
Airborne Oil & Gas has started a project to qualify thermoplastic composite pipe (TCP) for a deepwater jumper spool application for French operator Total. The Airborne Oil & Gas’ TCP that will be qualified on this project targets deep water applications. “The possibility with TCP to handle large def
Spectrum Goes Data Shopping at Dolphin
Norwegian multi-client seismic data specialist Spectrum has entered into an agreement with the administrator of the Dolphin estate to acquire the 2D survey in Brazil Santos Campos and the 3D survey in Lebanon. Financial details surrounding the deal have not been disclosed. Spectrum’s purchase follow
PGS Vessel Activity Slides
Norwegian seismic player, Petroleum Geo-Services (PGS) has seen a vessel-activity drop in the third quarter of 2016, the company informed on Monday. In the Q3 the vessel utilization on the contracted basis was 33 percent compared to 35 percent in the corresponding period in 2015. On the multi-client
Future Maersk CFO Resigns from Statoil’s Board
Jakob Stausholm has informed that he will resign from his position as member of the board of directors in Statoil with immediate effect. According to Statoil, the reason for resignation is to avoid potential conflicts of interests following his new appointment as CFO of the Maersk Group. Stausholm t
Atlas’ Offshore Wind, Offshore Management & QC Team Up
Offshore Management & QC has moved to Bristol to join Atlas’ Offshore Wind team. According to Atlas, the decision to move should present a great opportunity for the two teams to strengthen their collaboration and provide more opportunities to their professionals. “We have been working closely with t
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 26 – October 02). Technip Offshore Finland is reportedly sending home its entire workforce employed at construction yard in Pori. According to Finish media, layoffs for 288 yard workers shou
New CFO for Royal IHC
Royal IHC has appointed Arie Vergunst as the company’s new chief financial officer. Vergunst will start at his new position as of October 1, 2016. He succeeds Dave Vander Heyde, who became CEO on September 1, 2016. Vergunst has worked at IHC since June 2007 in several financial positions, both at ho
Det norske, BP Norge Close Aker BP Merger
Det norske has today completed the closing of the merger with BP Norge and the subsequent establishment of Aker BP. “We are proud to announce the closing of the merger and the creation of Aker BP, the largest Norwegian independent oil and gas producer. The integration process is on track, and Aker B