Subsea
iSURVEY to Support ‘Nexans Skagerrak’ Ops
iSURVEY has been awarded a multi-year frame agreement with Nexans Norway to provide navigation, positioning and survey support for its cable lay operations on board the ‘C/S Nexans Skagerrak’. iSURVEY will provide services including positioning and monitoring during cable lay and trenching operation
Songa Endurance Experiences BOP Failure
Songa Endurance, a semi-submersible drilling rig which started operations on Troll field, has experienced BOP equipment failure. As Songa Offshore reported, the rig started operations on December 31, 2015, on the eight-year contract with Statoil on Troll field, around 65 kilometers west of Kollsnes.
Seabras-1 Subsea Link Project Gets Full Funding
Seaborn Networks has completed its US$500 million project funding for Seabras-1, a new transoceanic subsea fiber optic cable system directly connecting points of presence (POPs) in New York City (US) and São Paulo (Brazil). According to the company, all conditions to this project financing have been
Submarine Cable Construction Starts Off Vietnam
Vietnam’s Central Power Corporation (EVNCPC) has started the construction of submarine cable between Cham Islands and the national power grid. The cable with 15.5 kilometers in length, costing USD 22.7 million, will be 85% funded by the State. According to the local media, the project will also incl
WATCH: Kleven Splashes Newbuild
A diamond sampling and exploration vessel the SS Nujoma was launched from the slipway at Kleven Verft in Ulsteinvik, Norway last weekend. According to Kleven, the first of its kind, the MT6022-design, is a highly specialised vessel for deep water mineral exploration with tailor made equipment and fe
Energinet.dk, LR in Horns Rev 3 Underwater Sound Measurment
Energinet.dk will be working with Lloyd’s Register Consulting business to measure underwater sound propagation for the Horns Rev 3 wind farm substation development. The 400 MW Horns Rev 3 wind farm off the west coast of Denmark is expected to generate green power for some 450,000 households when ful
Baker Consultants Bags Wikinger OWF Monitoring Contract
Baker Consultants has won a contract with Iberdrola to provide an underwater noise and marine mammal activity monitoring service during the construction phase of the Wikinger offshore wind farm in the Baltic Sea. Construction of the 70-turbine, 350MW Wikinger offshore wind farm will begin in March 2
Bibby HydroMap Welcomes New Technical Director
Seabed survey company Bibby HydroMap has appointed Rob Spillard as its new technical director. Spillard, who previously served at Fugro EMU, the Maritime and Coastguard Agency and the United Kingdom Hydrographic Office, will take overall responsibility for the technical direction of the Wirral-based
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 04 – January 10). Oil services company, Subsea 7, saw its stock price hit a five-year low after dropping below NOK 55 on Wednesday. The stock has fallen some 36 percent since May this year aft
Ezra Expects Red Ink
Ezra Holdings said it expects negative financial results for the first quarter ended November 30, 2015 (1Q2016), compared to the year-ago earnings. This means that the Singapore-listed company will post net loss second quarter in a row. In the previous quarter (4Q2015) ending August 31, the profit w
Synergy Subsea Hires DSV Seamec Princess for Persian Gulf
India’s provider of diver support vessel-based diving services, Seamec, has entered into a contract for the charter hire of vessel “Seamec Princess” with Dubai-based Synergy Subsea Engineering. The Seamec Princess is a is 123.4 meters LOA dive support vessel, built in 1984, with a 12-man saturation
James Young Takes Up CTO Role in JDR
JDR announced that James Young will take up the role of chief technology officer with effect from February 01, 2016. James joined JDR in 2000 as senior design engineer for new product development. He was appointed engineering director in 2011 after a series of technical management roles within the b
Statoil in New Agreements with Aker Solutions and OneSubsea
Statoil Petroleum has signed Master Service Agreements with Aker Solutions and OneSubsea Processing. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea pro
Fugro in Sale and Leaseback Deal for Two Ships
Dutch subsea and survey specialist, Fugro, has struck a deal with ICON Investments for sale and leaseback of its geotechnical vessels Fugro Scout and Fugro Voyager. The agreement is for an initial lease term of 5 years with up to 12 years extension option. The leaseback classifies as an operating le