Subsea
Wood Group Scoops Statoil Subsea Contracts
Wood Group has recently won four subsea contracts with Statoil on the Norwegian continental shelf (NCS). The latest award is a study to deliver subsea field concept engineering for the Snorre expansion project. This project will focus on cost efficient enhanced recovery from the Snorre reservoir, wi
Halliburton Cuts 6000 Jobs in Q1
Oilfield services major Halliburton has reduced its workforce by more than 6,000 employees during the first quarter 2016. Following this recent round of layoffs, the company has slashed it global headcount by approximately one-third since late 2014. The company said its first-quarter revenue dropped
Saipem Strikes Deal with DESFA on New Gas Projects
Saipem has signed a memorandum of understanding (MoU) with DESFA, the national natural gas system operator in Greece, for cooperation on onshore and offshore gas projects. The agreement covers the Balkans and Eastern Mediterranean regions. Namely, the deal will see Saipem and DESFA cooperate on proj
BW Pioneer Stays with Petrobras Until 2020; Gets Mooring Fix
Petrobras America has exercised the option to extend the fixed term of the lease contract for FPSO BW Pioneer from Q1 2017 to Q1 2020. The FPSO is deployed at Cascade and Chinook fields in the U.S Gulf of Mexico since 2012. It has a capacity to process 80,000 barrels of oil and 500 Mcm/d. BW Offshor
VBMS Wins Arkona Inter-Array Cabling
VBMS has been awarded a contract by E.ON for the installation of 65 inter-array cables for the Arkona offshore wind farm (OWF). The total scope of work for VBMS will consist of route engineering, surveying, a pre-lay grapnel run, trenching, termination and testing of the 65 cables. The cabling proje
Global Marine Strengthens Senior Management Team
Global Marine has made two appointments within its senior management team. Mikkel Gleerup will assume the role of director, sales & commercial at Global Marine and Darren Lam will join SBSS as managing director. Ian Douglas, CEO, Global Marine said: “I am delighted to announce these two appointments
Basslink Repairs On Schedule
Basslink’s operator informed that cable repair vessel, the Ile de Re, is returning to Geelong after it wrapped up the first of three jointing exercises. “We are very pleased to report that the first joint has been completed, with 1355m of new cable laid on the seabed,” said Basslink CEO Malcolm Eccl
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 18 – April 24). Italian contractor Saipem has been awarded new E&C (Engineering & Construction) contracts valued at approximately €430 million ($487 million). The first is a contract with Statoi
IHC and Frames Team Up on Subsea Separation Modules
Royal IHC and Frames Separation Technologies have signed a joint development agreement to collaborate with respect to the development of a compact subsea separator module. Namely, Frames has recently extended its portfolio with a new compact controllable inline separator the SwirlSep. Based on this
NDE Bags BARD 1 Job Off Germany
NDE Offshore has been selected by Ocean Breeze Energy to carry out annual inspections and maintenance activities at the Bard Offshore 1 wind farm in Germany. The works are scheduled to begin at the end of April. For the first time NDE will carry out a combined topside and subsea campaign utilizing t
Scaldis Gets Flinterstar Wreck Removal Contract
Flinterstar III BV, the owner of the Dutch freighter MV Flinterstar, has entered into a contract with a consortium of Belgian marine contractors to remove the wreck of the vessel which sank in the North Sea off the coast of Zeebrugge following a collision last October. The consortium will be headed
NOV Lets Go 520 in Norway
Oilfield equipment manufacturer, National Oilwell Varco, is reportedly downsizing its workforce in Norway by additional 520 employees. The company is said to experiencing a sharp reduction in investments in the oil and gas sector, which reduced sales of new equipment and demand for aftermarket servi
Kanter Marine to Build Seven Hydrographic Vessels for Canada
Kanter Marine of St. Thomas, Ontario, has secured a contract to build seven new survey vessels for the Canadian Hydrographic Service. The contract was awarded through a procurement process, and the winning bid was announced by Hunter Tootoo, Minister of Fisheries, Oceans and the Canadian Coast Guard
Spectrum Stays in Red
Norwegian multi-client seismic data specialist, Spectrum, has remained in red in the first quarter of 2016 despite revenue boost of some 22 per cent. The Oslo-listed company reported first-quarter net loss of USD 7.9 million or 15 cents per share on revenue of USD 18.2 million, compared to prior-yea