Subsea
Maersk Supply Service to Sell 20 Vessels and Axe 400 Jobs
Maersk Supply Service is divesting up to 20 vessels and reducing its crew pool by 400 offshore positions over the coming 18 months. The divestment plan is a response to vessels in lay-up, limited trading opportunities and the global over-supply of offshore supply vessels in the industry, the company
Helix Delivers First Riser-Based Coiled Tubing Intervention
Aberdeen-based UK subsidiary of Helix Energy Solutions, Helix Well Ops UK has completed the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV). The project was conducted from the company’s vessel Wel
Tullow Sees First Oil from TEN Fields
Tullow has seen first oil delivered from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills. According to the company, the TEN start-up process is now well advanced and Tullow expects oil production to ramp-up gradually towards the FPSO capacity of 80,
Sapura Rubi Starts Petrobras Job
SapuraKencana has delivered its sixth and final pipelaying vessel, Sapura Rubi on schedule to Petrobras, and the vessel started work in Brazil on August 14, 2016. SapuraKencana’s offshore operations in Brazil for Petrobras are being executed there by its Brazilian joint venture company Sapura Navega
Boskalis Takes Profit Hit
Royal Boskalis Westminster N.V. (Boskalis) has seen a profit drop of 52 percent in the first half of 2016 as the weak market affected company’s revenue by close to €400 million. For the first six months ended June 30, 2016, the Dutch dredging and marine specialist generated net income of €148 millio
Nord Stream Resumes Gas Dispatch After Maintenance
Nord Stream has conducted an annual maintenance work on its twin gas pipeline system August 9-17, 2016, with a temporary shutdown of both lines. Gas transmission from its Russian upstream-partner will resume by August 18, 2016, when the full capacity of the pipeline system will again be available. N
Sparrows and SPIE Partner Up
Sparrows Group and SPIE Oil & Gas Services have signed a global agreement to work in collaboration to support the energy sector. The deal should see the companies work together to initially deliver their collective service offering throughout Africa before they expand the scope of their collaboratio
Damen to Build Jack-Up Pontoon for Aqua Diving Services
Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based subsea contractor Aqua Diving Services. Once delivered, it will be used primarily to deliver offshore support services, including the provisi
EMGS Cuts Costs to Shrink Loss
Electromagnetic Geoservices (EMGS) has narrowed its loss in the second quarter, ended June 30, 2016, as the company chopped its operating expenses by some 30 percent. The Oslo-listed company posted net loss of USD 11.2 million, compared to net los of USD 26 million in the same period in 2015. EMGS a
New Event to Help Boost North-West England Subsea Sector
Subsea UK is organising a new industry networking event to give subsea supply chain businesses in north-west England a chance to identify opportunities and debate the challenges facing the sector. The regional gathering, at Preston’s Marriot Hotel on September 7, is targeted at firms operating in wh
GE Scores Indonesia Decom Work for Premier Oil
GE Oil & Gas subsidiary, PT. VetcoGray Indonesia, has been awarded a field decommissioning contract with Premier Oil Indonesia, to support the shut-down of four subsea wells in the Anoa Field, offshore Indonesia. The trees were among the first to be installed by GE in the Asia Pacific region in the
DOF Subsea Posts Profit Drop
DOF Subsea, a subsidiary of DOF Group, reported profit for the second quarter 2016 (Q2 2016) of NOK 99 million ($12 million), compared with NOK 296 million ($36 million) profit for the corresponding period in 2015. For the Q2 2016 period, the company had net financial loss of NOK 83 million, versus
Utility ROV Services Invests in Growth
Utility ROV Services (URS), has invested £6m million ($7.8 million) in two remotely operated vehicle (ROV) systems showcased at their base in Glenrothes, Fife. In addition, the company said it was recruiting 28 offshore employees who will work on back-to-back shifts operating the systems. Furthermor
Magseis Swings to Loss
Norwegian seabed seismic services player, Magseis, has seen red ink at the end of the second quarter 2016, on 53 percent revenue drop, but said it anticipates better days backed by the recently started Red Sea survey for Saudi Aramco. The Oslo-listed company has seen its revenue decline to USD 7.7 m