Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (July 18 – July 24). FMC Technologies, has recorded a sharp profit drop in the second quarter 2016 as the weak market drove its revenue down, especially in the surface technologies division. The Housto
Van Oord Wraps Up Burbo Bank Extension Foundations Installation
Van Oord’s heavy lift installation vessel Svanen has completed the last of the 32 foundations at the Burbo Bank Extension project. With a total of 32 Vestas wind turbines of 8 MW each to be installed, the offshore wind farm will have a total capacity of 258 MW. The offshore wind farm will provide el
Atlas Gets Nord Stream 2 Service Agreement
Atlas’ Offshore Management & QC team has secured a frame agreement with Nord Stream 2 to supply offshore vessel representatives for survey vessels. The service agreement will last until the end of 2018, the company informed. Business manager, Offshore Management & QC, Grant Johnston said: “We are ex
Navantia Delivers Jackets for Wikinger OWF
Navantia has delivered to Iberdrola the first jackets for Wikinger offshore wind farm located in the Baltic Sea, approximately 75 km from the German mainland. The jacket foundations have been built in Navantia’s Fene shipyard by the Navantia-Windar consortium. The contract between the companies invo
Schlumberger Posts Loss in Q2
Oilfield services major, Schlumberger, has reported net loss of $2.16 billion versus net income of $1.12 billion in the corresponding period in 2015. The company’s second-quarter revenue fell to $7.16 billion, from $9 billion same time last year. According to Schlumberger chairman and CEO Paal Kibsg
Spectrum Begins 2D Shoot Offshore Brazil
Spectrum has started 15,000 km multi-client 2D survey offshore Brazil in the Santos and Campos Basins. The new acquisition program is an outboard extension of Spectrum’s 2012 Santos Campos Phase 1 survey, and will tie other programs in the Santos, Campos and Espirito Santo Basins. Data is being acqu
Ocean Installer Secures FSU Mooring Deal in Malta
Ocean Installer has been awarded a turnkey project for procurement and installation of a spread mooring chain system for a floating storage unit (FSU) in Malta. The mooring installation and hook-up takes place in Marsaxlokk Bay, where the FSU will be providing re-gasified LNG for the fueling of elec
Oceaneering Profit Plunges
Oceaneering International reported net income of $22.3 million, or $0.23 per share, on revenue of $626 million for the three months ended June 30, 2016. Excluding the impacts of a total of $7.0 million of bad debt expense and foreign currency exchange losses, adjusted net income was $26.8 million, o
Tenders Invited for New Subsea Cable Project (French Guyana)
By Collectivité territoriale de Guyane The French local authority of French Guyana (Collectivité territoriale de Guyane) has issued a tender invitation for the establishment and operation of a submarine cable to connect French Guyana and the European continent. This system has to provide transmissio
Boskalis Bags Aberdeen Offshore Wind Farm Contract
Royal Boskalis Westminster (Boskalis) has been awarded the offshore balance of plant contract by Vattenfall for the construction of Aberdeen offshore wind farm, also known as the European Offshore Wind Deployment Centre (EOWDC). The project will consist of eleven wind turbines with a capacity of 92.
Tribute Buys Stake in Tocardo
Tribute Resources announced the purchase of a 46.5% stake in tidal and free-flow water turbines producer Tocardo International. Tocardo, located in Den Oever, the Netherlands, together with Tribute, will be working to provide energy project development through site selection, feasibility studies, fr
Celtic Interconnector Project Enters Next Phase
The French President and An Taoiseach Enda Kenny have launched the next stage of the Celtic Interconnector, a proposed €1 billion subsea electricity cable linking Ireland and France. The capacity of the Celtic Interconnector is estimated at approximately 700 megawatts (MW), enough to power 450,000 h
BSEE, NOAA Study Oil Spill Remote Sensing Systems
In an effort to enhance the ability to detect and measure oil spills offshore, the Bureau of Safety and Environmental Enforcement (BSEE) and National Oceanic and Atmospheric Administration began a study of multiple remote sensing systems at BSEE’s Ohmsett facility. The three-phase study employs Ohms
NOV Snaps Up Kongsberg’s Subsea Products Division
Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of Subsea Products. According to Kongsberg, the sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM, PLETS, Wyes, Tees, Foundations, Spools, Jump