Subsea
Fincantieri to Build an Oceanographic Icebreaker
In the presence of the Norwegian Minister of Fisheries and Coastal Affairs Elisabeth Aspaker, Fincantieri, one of the world leading shipbuilding companies, and the Institute of Marine Research (IMR), the Norwegian governmental body for oceanographic research and fishing, signed a contract today in O
PSE-Polnoc Invites Tenders for Subsea Cable Inspection Services
Polskie Sieci Elektroenergetyczne – Północ S.A. announces tender invitation for subsea cable inspection services with the deadline for submission on January 21, 2014. The contract covers inspections and analysis of the maritime route Poland – Sweden (Polish segment) cables and HVDC MCRC. The ccope o
Subsea 7 Announces Share Repurchase
Subsea 7 S.A. announced that on November 28 2013 the Company purchased 150,000 of its shares at an average price of NOK 119.62 per share. This represents approximately 0.04% of the Company’s issued share capital. The shares were purchased in accordance with the Company’s share repurchase programme p
Fabricom Secures Two-Year Sleipner Contract Extension from Statoil
Statoil has awarded Fabricom AS a two-year option agreement for maintenance and modification on the Sleipner field, starting August 2014. The estimated total value of the contract is calculated to 700 MNOK. The option is part of a 2010 framework agreement to provide maintenance and modifications wor
Jee Plans to Double Staff Numbers in Aberdeen, UK
Independent subsea engineering and training company Jee Ltd announced the expansion of its Aberdeen office as part of the firm’s vision for strategic growth, with the potential of increasing staff numbers by 110% in Aberdeen city and Shire. The new ‘Subsea Corridor’ premises are more than double the
Dolphin Energy Inks MOU with Nord Stream AG
Dolphin Energy Limited announced it had signed a Memorandum of Understanding (MOU) with Nord Stream AG, the company that is providing a new natural gas supply route from Russia to Europe. The MOU was signed in the presence of Dolphin Energy’s General Managers in the UAE and Qatar, Mr Ibrahim Ahmed A
PSA Holds Seminar on Flexible Risers
Petroleum Safety Authority Norway (PSA) held a seminar on flexible risers was on Tuesday 26 November. The event was motivated by a series of incidents associated with flexible risers in recent years. And flexible risers account for the majority of reported injuries and incidents involving pipelines,
Claxton Celebrates 10 Years of Progress Since World’s First Rigless Platform Well Abandonment
Claxton Engineering Services Ltd, a member of the Acteon Group’s risers, conductors and flowlines business, has celebrated the 10th anniversary of its success with the world’s first rigless platform well abandonment and continues to set new standards in engineering innovation. In the 10 years since
Scana Propulsion Inks New Contracts for Propulsion Systems and Tunnel Thrusters
Scana Industrier ASA has through its subsidiary Scana Propulsion in November signed new contracts where one contract is delivery of a propulsion systems to Kleven verft, and two contracts are for delivery of tunnel thrusters to Nordic Yards and Guangzhou Salvage Bureau. The contracts have a total va
Eni Inks PSA with Ukrainian Government for Offshore Exploration and Development
Today in Kiev, Eni signed a Production Sharing Agreement with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovič, for the exploration and development of an area located in Ukraine’s Black Sea. The offshore ar
Fincantieri Announces Technology Partnership with Russia Focusing on Innovation
During the Italy-Russia Business Forum, being held in Trieste, Fincantieri announced, in the presence of Enrico Letta, Italy’s President of the Council of Ministers, and Vladimir Putin, President of the Russian Federation, the signing of an agreement to define plans for a drillship featuring frontli
Aker ASA: Contemplated Offer to Acquire Shares in Aker Solutions ASA
Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA (the “Managers”) to explore the opportunity to acquire approx. 16.5 million shares (~6 per cent of the share capital) in Aker Solutions ASA, but with the possibility for Aker ASA at its full discretion to increase or decreas
Design and Survey Activities Completed for South Stream Deep-Water Section
The Gazprom Board of Directors approved the work being done by the Company to implement the construction of the South Stream gas pipeline. It was noted that the construction process had undergone several milestones since the project moved to its investment stage in November 2012. On December 7, 2012
IKM Subsea to Provide ROV Services for Jumbo Offshore
Jumbo have recently awarded IKM Subsea a contract to provide ROV services onboard Jumbo’s Heavy Lift Vessel MV “Fairplayer” for Anchor Block Installations project in offshore Turkey. The vessel will be mobilized in Rotterdam. The Merlin WR200 Workclass ROV will be mobilized with all necessary toolin