Subsea
Gassco to Initiate Knarr Pipeline in Spring
Gassco has taken over as operator of the Knarr pipeline, which will transport rich gas to the Shell-Esso Gas and Liquids (Segal) system and St Fergus in Scotland. Knarr is a gas and oil field located about 100 kilometres north of Statfjord in the northern North Sea. “We’ve had a close and good colla
TLP Submits EIA for Cardiff Tidal Lagoon
Tidal Lagoon Power will take a first significant step towards the delivery of full-scale tidal lagoon infrastructure in the UK with the submission of an Environmental Impact Assessment scoping report for a tidal lagoon between Cardiff and Newport. The project will have an installed capacity, depende
Eni Hires Maersk Voyager on OCTP Project
Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. The total estimated revenue from the firm contract is USD 545m including mobilisa
Ecosse Nets LoI for Caithness-Moray Transmission Link
Ecosse Subsea Systems (ESS) has signed a Letter of Intent with ABB for a seabed clearance and trenching project in the north of Scotland. The Aberdeenshire-based subsea technology firm will prepare the route for the 100-mile interconnector cable at the centre of SHE Transmission’s £1.2 billion Caith
WGK Names New CEO
Wood Group Kenny (WGK) has appointed Bob MacDonald as chief executive officer (CEO), effective 6 April. Bob moves into the role from his position as WGK regional director for the North Sea. Bob succeeds Steve Wayman who now becomes Wood Group’s head of strategy and development. He is replacing Ali G
CGG Starts Davros Multi-Client Survey in Australia
CGG has started acquiring the Davros 3D BroadSeis™and BroadSource™ multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia. Covering in excess of 11,000 km2, Davros is the largest seismic survey ever to be acquired by CGG in the Asia-Pacific region, the compa
Havyard Ship Technology Gets New Boss
Havyard Group ASA has appointed Lasse Stokkeland as head of the business area Ship Technology. Kenneth Pettersen will continue as Chief Operating Officer (COO) of Havyard Group ASA. Kenneth Pettersen has over a period, in addition to his role as COO of Havyard Group ASA, headed the business area Hav
Tritech Sensor for Student AUV
Tritech’s Micron sonar has been selected for the latest academic Autonomous Underwater Vehicle (AUV). The acoustic design team at McGill Robotics, McGill University, Montreal, Canada, chose to incorporate a mechanical scanning sonar into their new build AUV. The team now plans to integrate the Micro
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 23 – March 01). Building on the previous award by Total E&P UK of the contract for the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters, Techn
Nemo Link Moves Forward
Elia, the Belgian electricity transmission system operator, and National Grid will today sign a joint venture agreement to move ahead with the Nemo Link, the first electricity interconnector between the two countries. When completed the interconnector will provide 1000 MW of capacity. The link will
Hydrex in Uruguay Propeller Refit
Hydrex diver/technician team performed a successful propeller blade cropping operation on a 190-meter bulker at anchorage in Punta del Este, Uruguay. An underwater inspection revealed that all five blades were bent severely, with three of the blades bent over more than 90°. Cropping was the only opt
Dril-Quip Ups Earnings, Drops Guidance
Dril-Quip has earned $59.1 million, or $1.50 per diluted share, for the three months ended December 31, 2014, versus net income of $47.1 million, or $1.15 per diluted share, for the fourth quarter of 2013. According to the company, the fourth quarter 2014 results were favorably impacted by an after-
Vard Down 83 Percent
Shipbuilder and designer of offshore and specialised vessels, Vard Holdings, has seen its profit slip on operational expenses, despite revenue growth. Namely, the Singapore-listed company’s profit after tax decreased 83 percent from NOK 300 million in the previous year to NOK 50 million at the end o
Specialist Subsea Services Enters Administration
Blair Nimmo and Geoff Jacobs of KPMG LLP were appointed as Joint Administrators of Specialist Subsea Services Limited (“S3”) on 25th February 2015. The business has been trading since 2007 and was acquired by the Reef Group in 2009. S3 operated from leasehold premises in Aberdeen and specialised in