Subsea
Farstad Secures Short-Term Debt Repayment Delay
Norwegian shipowner Farstad and a majority of its secured lenders have entered into a standstill and deferral agreement, the company informed on Monday. Namely, the relevant lenders have agreed to a postponement of all amortisations of the Farstad group falling due to them in the period from and inc
Ezra, EMAS Strike FPSO Sale Deal
Ezra Holdings and EMAS Offshore Production Service (EOPS), a fully owned subsidiary of EMAS, and Ezra, have today entered into a agreement with PetroFirst Infrastructure for the sale of a combined equity share of 80 per cent in PV Keez. PV Keez is incorporated in Singapore and owns FPSO “Lewek EMAS”
WFS Technologies Names Project Director, Americas
WFS Technology has named Christopher Curran as a project director for the Americas region. He recently retired from BP where he was an advisor with the Upstream Facilities Technology group. He has worked in the areas of subsea condition monitoring and integrity management, and has been active in dev
Exmar Hires EM&I for Accommodation Barge Check-Up
Exmar has awarded EM&I, the asset integrity and IMR services provider, an ODIN contract for the diverless UWILD inspections on the Kissama accommodation barge operating offshore Cabinda, Angola. The award follows a win with Bumi Armada for the ODIN diverless UWILD for the Armada Olombendo FPSO which
Block Island Subsea Cable Lands in Rhode Island
Installation of a 20-mile subsea cable that connects Block Island to Rhode Island mainland and links the first U.S. offshore wind farm to the National Grid’s power system has been completed. “This significant milestone in developing renewable offshore wind generated energy is the result of years of
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 27 – July 03). NOPSEMA revealed a recent incident where a vessel lost position while diving activities were being conducted approximately 130 metres from a hydrocarbon facility offshore Western A
Rana Scores IMR Gig with Eni Congo
Ravenna-based diving and subsea services provider, Rana, has been awarded a contract by Eni Congo for the underwater inspection, maintenance and repair (IMR) on 17 platforms offshore Congo. For this campaign, the company has chartered the diving support vessel DSV Toisa Paladin. The 104-meter vessel
Aibel Scoops Greater Enfield Prize
Aibel in Singapore has been awarded the E&P contract for modifications on Woodside Energy’s Ngujima-Yin floating production storage and offloading (FPSO) off Western Australia. The FPSO will undergo modifications to the topsides, hull and turret, along with installation of a new custom water flood m
WellConnection Adds ChemTech
WellConnection the inspection, maintenance and repair services (IMR) provider for drilling and subsea equipment on the Norwegian Continental Shelf has acquired ChemTech. ChemTech, located at Tananger near Stavanger, provides preparation for inspection and treatment of NORM (Naturally Occuring Radioa
OceanWorks Overhauls French Navy’s HARDSUIT ADS
OceanWorks, a subsea solution engineering company, has completed a survey and refurbishment of the French Navy’s HARDSUIT ADS. The work was contracted to OceanWorks by ECA Robotics who maintains the HARDSUIT ADS for the French Navy. The HARDSUIT ADS, initial delivered to the French Navy in 1991, is
Primo Marine Nets Viking Link Work
Primo Marine, the subsea cabling and pipeline engineering specialist, has been awarded a contract to provide a cable burial and risk assessment (CBRA) and installation & burial expertise, for the Viking Link. Viking Link is a proposal to build a high voltage direct current (HVDC) interconnector betw
Saipem Gets EUR 554M Credit Line for Purchases from Norway
The Italian oil services company Saipem has subscribed a new credit facility for up to €554 million which will be used for the financing or refinancing of the company’s purchases of equipment and services from Norwegian exporters. The credit facility is supported by Garantiinstituttet for Eksportkre
Boskalis Wraps Up VolkerWessels Deal
Boskalis has concluded the acquisition of offshore-related activities from VolkerWessels following the approval by the European Commission. The Commission concluded that the proposed acquisition, announced in March this year, would raise no competition concerns, because it would not significantly ch
Magseis Names New CEO
Norwegian ocean bottom seismic specialist, Magseis, has appointed Dr. Idar Horstad as the company’s new chief executive officer (CEO). He will succeed co-founder and CEO Ivar Gimse within October 2016. Gimse has served as CEO since the start in 2009. He will take on the position as SVP Business Deve