Subsea
OAP and Interoil Angola Enter Strategic Partnership
Ocean Atlantic Petroleum (OAP) and Interoil Angola have expanded their portfolio of services after entering into a strategic partnership. OAP is an Angolan company providing oil and gas operators and contractors with subsea production and well intervention systems engineering, maintenance and operat
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 02 – November 08). Fugro said it will lay off around 500 employees in the coming quarters as it feels the pressure of deteriorating market and anticipates an even more challenging times ahead
Hibernia Scoops Two Awards for Hibernia Express
Hibernia Networks was awarded two top honors for its recently launched Hibernia Express submarine cable at 2015 Global Carrier Awards in Paris. Hibernia Networks received “Best Project of the Year – Subsea” and “Best Subsea Innovation” awards in recognition of the performance capabilities of Hiberni
Dolphin in Potential Library Sale
Oslo-listed provider of marine geophysical services, Dolphin, is looking into a possible financing or sale of its multi-client library. Namely, the company said today it has received a non-binding term sheet in regards to financing the multi-client library, and has also received interest for sale of
Seamec Secures Swiber Charter
India’s provider of diver support vessel-based diving services, Seamec, has entered into a contract with Singapore-listed EPIC contractor Swiber for the charter hire of vessel Seamec II. According to Seamec’s BSE notice, the vessel will be undertaking PRP4 & CO26 project in Mumbai High. Built in 198
Energinet.dk Calls for Bids for Kriegers Flak CGS Cable Job
The Danish grid operator, Energinet.dk, has invited contractors to apply for design, production, delivery, execution and completion of 2 x 25 km 3 core 150 kV subsea cable, intended for Kriegers Flak Combined Grid Solution (KF CGS). The work scope also includes transport and laying of the 150 kV sub
Dolphin Takes On India Gig
Norwegian seismic player, Dolphin, has received a Letter of Award (LOA) to execute 3D seismic projects offshore India. The contracts, for a repeat client, were previously announced by Dolphin in Oslo Stock Exchange filing on October 15, 2015, where the company was selected as the preferred contracto
BIRNS Introduces New Coaxial Subsea Connector Contacts
BIRNS has launched a new range of coaxial subsea connector contacts. According to the company, the BIRNS Millennium series connectors developed with the new contacts have had great testing results, including a maximum insertion loss of 0.7 dB at signal frequencies to 3GHz, with an associated maximum
NPD OKs Start-up of Two North Sea Pipelines
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea. Start-up of the Edvard Gr
BP and Shell Order Fastwave’s Oil Spill Tracking Buoys
Australia’s Fastwave has recently received orders on behalf of BP and Shell for its Voyager oil spill tracking buoys. The orders include provision of Fastwave’s satellite telemetry and data management service. This was the second tranche of buoys to be supplied to BP, and follows orders from Woodsid
UTEC NCS Survey, LDD Secure Wikinger OWF Contract
UTEC NCS Survey has been awarded a contract for heavy lift support services for the Wikinger offshore wind farm project in the Baltic Sea. The Wikinger offshore wind farm is located 34 kilometers northeast of the island of Rügen and will generate a total capacity of 350 MW. Partnering with LDD the c
Van Oord to Install Walney Extension Foundations
Van Oord has reached an agreement with DONG Energy for the transport and installation of the 87 foundations at Walney Extension offshore wind farm in the United Kingdom. After completion in 2018 the wind farm will deliver sustainable energy to 460,000 households. The Walney Extension offshore wind f
EMGS Looks for Cash Boost as Red Ink Flows
Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slide into the red in the third quarter of 2015 on weak market and impairments compared to a year-ago period. Despite tightening up the wallet, the Oslo-listed company posted net loss of USD 25.4 million, compared to net income of USD 7
Seabird Narrows Losses
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has narrowed its net loss in the third quarter, following the company’s financial restructuring and further implementation of cost cutting measures. SeaBird posted net loss of $1.7 million for the third quarter of 2015, compared