Subsea
OCB Buys Kuiper International
OCB Oilfield Services, a Gulf Capital portfolio company, has completed the acquisition of Kuiper International, as part of a four-year expansion plan to increase its business value by 300 percent. Kuiper International, established in 2010 and headquartered in Singapore, is a player in the offshore c
EIVA in Indonesia Representative Deal with Geotronix
The Danish software and hardware engineering specialist EIVA has welcomed PT Geotronix Pratama Indonesia to its network of representatives as of January 2016. Geotronix, a survey technology provider, will offer its customers in Indonesia both EIVA hardware and software solutions. This cooperation sh
Jan De Nul’s CLV Isaac Newton Heads to Its First Mission
Offshore contractor Jan De Nul will install two 115 kV cables, supplied by Nexans Norway, for the Marjan Gas Oil Separation Plan (GOSP’s) project executed by McDermott, the company said on Thursday. Both cables, with a total cable weight of 8,500 tonnes have been loaded and will now be transported a
Cameron Takes Profit Dive
Cameron has reported net income attributable to its stockholders of $125 million for the fourth quarter 2015, down from $254 million in the corresponding period in 2014. The company posted fully diluted earnings per share, excluding discontinued operations and other costs, of $1.08 for the fourth qu
OPITO International Gets New MD
An oil and gas industry skills and workforce development body, OPITO, has appointed Graham Gall as new managing director to lead its international business. Gall is a former managing director of Falck Safety Services in Brazil. Prior to joining Falck, he was also standards and approvals director for
Lankhorst Ropes Nets Appomattox Contract
Lankhorst Ropes has been awarded a contract by Shell to supply the mooring lines for the Appomattox development to be located approximately 140 nautical miles Southeast of New Orleans in the Gulf of Mexico. The semi-submersible four-column production platform will be moored in approximately 7,200 fe
Dynamic to Deliver Deck and Jacket for Eni’s Nene Field
Dynamic Industries secured an award for the refurbishment of a 500-ton production platform and 300-ton jacket for Eni’s Nene field. The offshore production facility is expected to be loaded out in May 2016 for Nene field located in The Republic of Congo. The Nene field, which is expected to contain
Agility Hires Inspecta for NDT Services
Inspecta, a provider of inspections, testing, certification, technical consultancy and training services, has inked a framework agreement with Norway’s Agility Subsea Fabrication. Inspecta will provide non-destructive testing (NDT) services performed by shipyards in Tønsberg and Røra. According to t
ABB to Improve World’s First HVDC Link
ABB has won orders worth over $22 million from Vattenfall Eldistribution AB to upgrade the world’s first commercial high-voltage direct current (HVDC) power transmission link, which ABB installed in 1954. The orders were booked in the fourth quarter of 2015. The 150-kilovolt (kV) link has the capaci
Saab Seaeye Leopards for Louis Dreyfus TravOcean
Specialist submarine cable installation company, Louis Dreyfus TravOcean, has ordered two Saab Seaeye Leopards for touchdown monitoring and support. The Leopard ROVs, with eleven thrusters and iCON intelligent control system should provide TravOcean with a stable work platform particularly in strong
Akastor Secures New Financing Agreement
Norwegian oilfield services investment company, Akastor, has reached an agreement with its bank syndicate on main terms and conditions to amend and extend its current bank facilities until July 2019. Namely, the existing bank facilities, maturing 2017, will be replaced by a USD 422.5 million reducin
Red Marine Completes Subsea Valve Testing for FMC Technologies
Red Marine has completed a programme of qualification testing on a new subsea landing string valve system for FMC Technologies. Used during workover operations, the valve allows rapid redistribution of high pressure oil and gas within the landing string system to allow for emergency riser disconnect
Farstad Looks to Downsize Norway Office
Norwegian shipowner Farstad Shipping has made plans to reduce administrative expenses at its office in Aalesund. It is yet uncertain who has to go. However, the company has informed its employees about the process, which should be concluded by the end of February 2016. “The current market situation
Clough Bags Another Ichthys Hook-Up Deal
Clough has won its second contract for the hook-up services on the Ichthys LNG Project, this time for the floating, production, storage and offloading (FPSO) facility. This contract award comes from Daewoo Shipbuilding & Marine Engineering (DSME), following a similar contract award by Samsung Heavy