Subsea
Keel Laid for SOV Tasik Toba
Tasik Subsea and Fujian Mawei Shipyard held a keel laying ceremony of the SOV Tasik Toba at the new Fujian Mawei shipyard on Culu Island in Fuzhou province, China. The ceremony, which took place last week, was hosted by the chairman of Mawei Shipyard Zhang Zhitong along with senior members of the Fu
Ocean Installer Gets More Work from Statoil
Ocean Installer has signed an amendment with Statoil for riser replacement operations at the Troll C field. Additionally, this includes options for work at the Vigdis field. The work will be executed under the SLMP Marine Installation Contract. “We are extremely pleased to have secured more work at
Saipem Completes Syndication of EUR 4.7 Bln Credit Lines
Italy’s Saipem informed that the syndication of its €4.7 billion new credit facilities has been successfully completed. Syndication of the facilities was launched on November 2, 2015 and seen strong demand from various banks, resulting in a significant oversubscription and reduction of the original
DNV GL Develops RP on Thermoplastic Composite Pipes
DNV GL has launched a recommended practice (RP) that allows operators to choose thermoplastic composite pipes instead of steel or traditional flexibles. “Thermoplastic composite pipes are a new, robust lightweight pipe alternative that will impact field layout, and installation methods and ultimatel
New Managing Director for Ulstein Design and Solutions
Norway’s Ulstein Design and Solutions has assigned Eva Kristensen as its new managing director, effective from January next year. Kristensen will also enter into the role as COO for the Design & Solutions business area, and be one of the executives in the group management of Ulstein Group ASA. She c
Universal Foundation Gets New Managing Director
Universal Foundation, a Fred. Olsen related company, has appointed Kristian Ravn as managing director this month. He joins comes from the position of managing director at EPCI offshore oil and gas contractor Semco Maritime Norway. “I have a strong belief in the Mono Bucket and have been impressed wi
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 07 – December 13). French oil services provider, Technip, has denied alleged merger talks with Houston-based FMC Technologies. Namely, last week, reports came out that Technip could be lookin
Ezra’s Chairman to Step Down
Singapore’s Ezra has informed that its non-executive chairman Koh Poh Tiong, will give up his post with effect from February 1, 2016 to focus on his work with the other organisations that he is involved in. According to the company, he will also relinquish his role as senior advisor to the Group. Ko
EC-OG Grabs Scottish Enterprise Grant for Subsea Power Hub
A new £3.9 million investment by East Coast Oil and Gas Engineering Ltd (EC-OG Ltd) to develop its ‘Subsea Power Hub’ (SPH) has received a £1.2 million research and development grant from Scottish Enterprise. The SPH is designed to provide electrical power to oil & gas subsea infrastructure, where c
Nautilus and Tongling Ink New Deal for Solwara 1 Materials
Nautilus Minerals has signed a new agreement with Tongling Nonferrous Metals Group for the sale of the product extracted from the company’s Solwara 1 deposit located in the Bismarck Sea of Papua New Guinea, with first delivery expected in the first half of 2018. On April 21, 2012, Nautilus and Tongl
BOP Technologies Unveils New ‘Failsafe’ BOP Design
Houston-based BOP Technologies has revealed a new approach to allow a BOP to work if the drilling rig loses power or hydraulic pressure. The company announced release of CIRBOP, its patented design for a completely new type of BOP that can deliver 5 million lbs. of shear force to the rams. BOP Techn
Ezra Gets Nod for EMAS CHIYODA Subsea JV
Ezra’s shareholders approved today the proposed 50:50 subsea joint venture with Japan’s ECS player Chiyoda. Singapore-listed offshore O&G contractor said that 99.97% of shareholders voted in support of Chiyoda’s investment in its subsea services division, EMAS AMC, to form EMAS CHIYODA Subsea (ECS).
AGR and IOG Execute Skipper Well Management Contract
Following the signing of a Memorandum of Understanding (MOU), AGR and Independent Oil and Gas (IOG) have agreed to execute the collaboration by signing a Well Management contract for delivering an appraisal well on Skipper field. Skipper is expected to have a spud date in late January or early Febru
Subsea Compression Innovator Scoops SUT President’s Award
The Society for Underwater Technology (SUT) has presented its President’s Award to Dr Kjell Olav Stinessen in recognition of his long term services to industry at the Society’s AGM and annual dinner in London. Dr Stinessen has been an engineer for over 50 years and is now a First Chief Engineer at A