Subsea
IWCF to Launch New Australia Office
The International Well Control Forum (IWCF), the independent organisation that sets international well control standards, with an active branch in Australia, plans to expand its presence by opening its first local office in the region. Expected to be ready by the middle of the year, the new office w
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 11 – May 17). Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organis
Mermaid Maritime Swings to Loss
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has recorded a net loss $15.9 million for the three months period ended 31 March 2015. Compared to the last year, the Group’s net profit decreased for US$21.1 million from net profits of US$5.2 million
VBMS in Gwynt y Môr Cable Repair
Balfour Beatty, the international infrastructure group, has contracted VBMS to conduct cable repairs at Gwynt y Môr offshore wind farm. The repairs on the cable are undertaken by multipurpose vessel, NDurance, in Mostyn area, the company’s spokesperson confirmed. The work, which started on May 12, 2
Seatronics Makes Management Promotions
Seatronics Ltd, an Acteon company and part of its survey, monitoring and data business, has promoted Phil Middleton from deputy managing director to group managing director. Middleton will be responsible for managing and developing Seatronics’ global business with a particular focus on long-term gro
TCP Preferred Bidder for Westermost Rough Transmission
Ofgem has appointed Transmission Capital Partners (TCP) as the preferred bidder to own and operate the offshore transmission link to the Westermost Rough windfarm for the next 20 years. Transmission Capital Partners, a consortium comprising Transmission Capital Partners Limited Partnership and Inter
Saipem Greenlights ShawCor’s South Stream Contract
ShawCor informed that its Canusa-CPS division has received notification from Saipem SpA that the suspension of the work on the Saipem contract in relation to South Stream Pipeline has been lifted with immediate effect and that work on this contract is to be resumed. The notification follows Saipem’s
Seatronics Delivers Predator ROVs to Great Eastern Group
Seatronics, an Acteon company, announced that (GEG) has taken delivery of two Predator inspection-class ROV systems integrated with SeeByte’s SeeTrack CoPilot. Great Eastern Group will use the Predators to provide enhanced capabilities for their survey and inspection tasks. SeeTrack CoPilot will all
WASSP Appoints Sales Manager EMEA
WASSP Ltd, based in New Zealand, has appointed Justin Kiel to the position of Sales Manager EMEA. “Interest in WASSP from many different commercial sectors, particularly the Hydrographic Survey market requires sales professionals with strong technical knowledge and industry insight. Justin will serv
Sonardyne Opens Another Office in Brazil
Sonardyne Brasil Ltda., specialists in subsea navigation and positioning technology, has opened its second office in the country. Strategically located in the Energy Industries Council (EIC), the new office will act as a commercial and technology training hub, supporting the company’s main operation
Flyover: Far Sleipner Parked in Ålesund
The following video shows Farstad Shipping’s new subsea construction vessel Far Sleipner parked at Ahlsell in Ålesund. The vessel is designed for subsea construction/IMR operations to 3,000 meters water depth, has an overall length of 142.6 meters, beam of 25 meters and a deck area of 1,800 m². The
Fugro Discovers Shipwreck While Looking for MH370
Fugro Equator’s deep tow system detected a cluster of small sonar contacts in the southern part of the search area, 12 nautical miles to the east of the 7th arc. The sonar data was carefully analysed and categorised as Class 2, “of potential interest but unlikely to be related to MH370.” It could no
Swiber Profit Dips to $70K
Singapore-listed EPIC contractor, Swiber, has just barely remained in black for the three months ended March 31, 2015 (1QFY15) as it prepares for a business recovery in the coming months. In the first quarter 2015, Swiber recorded net profit of US$70,000 compared to US$52.8 million in 1Q2014. The co
Magseis Posts Quarterly Loss
Norwegian geophysical contractor, Magseis, has reported net loss of USD 6.5 million or NOK -0.24 basic earnings per share in the first quarter 2015, compared to net loss of USD 3.9 million or NOK -0.21 basic earnings per share during Q4 2014. The Oslo-listed company has also seen its revenues drop a