Subsea
Olympic Shipping Strikes Deal with Creditors
Olympic Shipping, a Norwegian provider of inspection, maintenance, and repair vessels, has entered into a standstill agreement with its secured lenders. The discussions with the lenders were initiated in the first quarter of 2016, in relation to the need for an adjustment to the repayment profile of
Polarcus’ fleet utilization increases
Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91 percent, an increase from 80 percent in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seis
Halliburton Reinstates CFO
Halliburton informed that Mark McCollum, will resume his role as executive vice president and chief financial officer effective immediately. McCollum will continue reporting to Dave Lesar, Chairman and Chief Executive Officer of Halliburton, and will remain a member of the company’s Executive Commit
KBAT, PDA Team Up on Diving Courses in Singapore
KBA Training Centre (KBAT) and the Professional Diving Academy (PDA), Dunoon, Scotland have signed a MOU to train commercial divers in Singapore to the UK HSE offshore diving standard. Delegates who have successfully completed the nine-week inland/inshore commercial diving training with KBAT can the
ExxonMobil Gets Nod for New Subsea Well on Balder Field
The Petroleum Safety Authority Norway (PSA) has given consent to ExxonMobil to use another subsea well, on the Balder field, designated E-29-AH. Balder field is located in block 25/11 in the North Sea, around 190 km west of Stavanger. In 2013, the PSA granted consent to use six new subsea wells on t
HAL Offshore Charters Seamec II
HAL Offshore has agreed with Seamec to charter multipurpose diving support vessel Seamec II. The charter follows the Letter of Intent (LoI) secured by HAL Offshore from Oil and Natural Gas Corporation Limited (ONGC) for charter hire of multi support vessel for a period of 3 years. The vessel will be
Aker Solutions’ Man Joins Det norske as SVP Improvement
Det norske oljeselskap has appointed Per Harald Kongelf as the company’s senior vice president Improvement. He joins Det norske from Aker Solutions Norge, where he has served as the regional head of Norway, and will take up his position with Det norske on 15 September 2016. Kongelf has an MSc from t
Royal IHC Buys Stake in Tompkins UK
Royal IHC has acquired a stake in Tompkins UK, the parent company of Modus Seabed Intervention and a partner in the TI Geosciences joint venture (created by IHC and Tompkins in 2015). Modus is a provider of remote and autonomous technologies for subsea and seabed intervention. The company deploys a
UK Teams in MATE ROV Competition Top 20
The teams, from Mintlaw Academy and Robert Gordon’s College, competed in the Marine Advanced Technology Education (MATE) Centre’s 2016 ROV international final in the United States, finishing in the top 20 teams. They secured their places in the international final after taking the top spots in the S
Nominations open for first Offshore Energy Awards
The offshore energy industry is constantly moving forward. Despite challenging times in the industry, there are impressive achievements that require celebration. During the first Offshore Energy Opening Gala Dinner to be held in Amsterdam, the Netherlands, on Monday, October 24th, Navingo brings the
Amplus Energy Buys Andrews Survey from Harkand Administrators
Amplus Energy has acquired survey company, Andrews Survey, from the administrators of the Harkand Group, which went into administration at the beginning of May. Andrews Survey provides survey and positioning services to the offshore oil and gas and renewables markets, and has continued operating nor
Sea Trucks Bags Contract Offshore Argentina
Sea Trucks Group has been awarded a contract from Enap Sipetrol Argentina for a pipelay construction for its PIAM Project in the Magallanes field, offshore Argentina. The scope of work covers engineering, project management and installation of three pipelines of various sizes ranging from 6 to 14 in
N-Sea Gets New Chief Commercial Officer
Subsea IMR provider, N-Sea, has appointed Rienk De Vries as chief commercial officer. Currently based near Rotterdam, De Vries joins N-Sea with more than 20 years’ experience in the energy industry. Commenting on De Vries’ appointment, N-Sea’s CEO Gerard Keser, said: “We are delighted to welcome Rie
Cape Sharp Tidal Moves Turbine to Halifax for Ballasting
Cape Sharp Tidal plans to move first tidal turbine to Halifax in the coming days to ballast the steel subsea base with concrete. Transit time from Pictou Shipyard to Halifax will be about three to four days, the company informed. The environmental monitoring plans for the FORCE site continue to be a