Subsea
Aker Wayfarer Gets New USD220 Mln Credit Facility
Ocean Yield ASA has signed a new revolving credit facility of USD 220 million with maturity in 2021 with a group of banks for the long-term financing of the vessel Aker Wayfarer. The vessel is on bareboat charter to AKOFS Wayfarer AS until 2027, and the charter is fully guaranteed by Akastor ASA. Th
Gardline CGG Concludes Gippsland 2D Infill Survey Gig
Gardline CGG (GCGG), a Joint Venture between Gardline Geosurvey and CGG, has completed the Gippsland 2D Infill survey for Geoscience Australia on Friday 24th April. The project was conducted and completed by the Gardline CGG-operated vessel MV Duke, on time, within budget and without any incidents d
N-Seatec Scoops Winch Order
N-Seatec has been awarded an order for delivery of a complete deepwater CTD winch system. System will be an extended version of the earlier delivered CTD Winch-045 units but suitable for 3000m waterdepth. Scope of delivery will be including: electrical rotating davit device; cable counter, lighting
Schlumberger, Spectrum in Pelotas Deal
Spectrum has entered into a cooperation agreement with Schlumberger to acquire 50% ownership in Spectrum’s Pelotas multi-client program. The cooperation agreement includes more than 30,000 km of regional 2D seismic data in the new frontier Pelotas Basin, offshore Brazil. The program includes the rec
Huisman Installs Pipelay Tower Onboard Skandi Africa
Huisman, the specialist in lifting, drilling, and subsea solutions, has completed the installation of 650mt Pipelay Tower onboard DOF’s Skandi Africa. Earlier this month, the company also installed the crane house of the 900mt Crane onboard the vessel. All the equipment installation work is being do
Forum Earnings Down 22%
Forum Energy Technologies has posted first quarter 2015 revenue of $348 million, a decrease of $56 million, or 14%, from the first quarter 2014. The Houston-based oilfield products company recorded net income for the quarter of $29 million or $0.31 per diluted share compared to $37 million or $0.38
Gardline Environmental Limited Opens in New Zealand
Gardline Environmental Limited (GEL) announces the opening of their New Zealand entity Gardline Environmental (New Zealand) Limited (GENZL), based in Wellington. GENZL provides Marine Mammal Observers (MMO) and Passive Acoustic Monitoring Systems (PAMS) and Operators, Marine Mammal Impact Assessment
Novacavi Cables for INGV Equipment
Novacavi has recently engineered and supplied a special marine seismic data acquisition cable for INGV, the Italian National Institute of Geophysics and Volcanology. It is a custom designed and built cable to suit the needs of early detection and in real-time acquiring data of the Institute’s marine
OneSubsea Lands BP Taurus Libra Deal Off Egypt
OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt. The subsea systems scope of supply includes 10 large bore gas trees and related subsea equipment. According to
Orbis Ups Subsea 7 Stake
UK-based offshore engineering company, Subsea 7, has today in its Oslo Stock Exchange filing informed that Orbis Investment Management’s aggregate holdings in the company exceeded 5 percent. Orbis Investment Management, with its general office in Hamilton, Bermuda, has hereby become Subsea 7’s third
Antin IP Buys BP’s Stake in CATS Pipeline
Antin Infrastructure Partners (‘Antin IP’) has agreed to increase its stake in the Central Area Transmission System (CATS). Antin IP will acquire BP’s 36.22% share of the CATS system and will own 99% of the business, subject to the receipt of regulatory and other third party approvals. The investmen
INTERVIEW: Impact Subsea, New Player on the Market
Newly established subsea company, Impact Subsea, developer of products for Oil and Gas, Renewables and the Underwater Scientific industry introduced themselves to the market recently. The Aberdeen-based company, and a member of Subsea UK, already signed its first contract with Chinese firm Qingdao H
Heerema Hires Applus RTD for Kaombo Testing Gig
Applus RTD, a provider of integrity technology services, has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola. As part of the SURF (subsea, umbilicals, risers, flowlines) development, Applus RTD will provide non-destructive testing for offshor
Reef Subsea UK Asset Up for Sale
Lambert Smith Hampton (LSH) have been appointed to sell an SMD Heavy Duty Inter Array Flexibles Plough formerly operated by Reef Subsea UK as the subsea services specialist fell into Administration earlier in March this year. Following the bankruptcy of the wider group, the directors have sought to