Subsea
McDermott Takes Ownership of CSV North Ocean 102
Oslo-listed Oceanteam Shipping has completed the transfer of its 50% ownership stake in the to date jointly owned Pipelay Vessel North Ocean 102 to J. Ray McDermott Norway. The company said that the proceeds from the sale will go towards a USD 35 million amortization on Oceanteam’s bond loan debt du
CSL Nets Shell Extension
The project services division of CSL has been awarded the extension of an existing onshore and offshore frame agreement with Shell UK across their Upstream International Europe region for the provision of client representation (OOER and QAQC). The contract covers provision of experienced senior clie
Wintershall Ups Maria Appraisal
Wintershall has announced higher recoverable resource estimates for its operated Maria Field. Following intensive internal studies, Germany’s largest internationally active oil and gas producer now estimates that the planned technical recoverable resources will reach about 180 million barrels of oil
Mermaid Bags Subsea Job in Gulf of Thailand
Mermaid Maritime has secured a 2-year contract for its dive support vessel, ‘Mermaid Commander’, to provide subsea construction support in the Gulf of Thailand for a repeat customer. The contract has an estimated value of USD 50 million. The 2-year contract for subsea construction will be performed
Nexans Delivers First Batch of DEH System for BP Shah Deniz
Nexans has provided to BP the first delivery in what will be the world’s largest and most complex Direct Electrical Heating (DEH) system to date. Nexans is supplying a comprehensive subsea DEH system solution including complete system design and 130 km of cables with accessories for installation. Th
Cecon Secures Funds for Third Subsea Vessel
Cecon Shipping 3 AS, a subsidiary of Rever Offshore AS, has secured a USD 35 million senior bond financing deal with York for the purpose of starting the completion of Hull 719, the third in line of Cecon’s 130 meters long SURF subsea construction vessels. To enable an earlier start-up of the Hull 7
VIDEO: Swire Seabed’s Excavator Vehicle in Action
The Seabed Excavator, a multipurpose subsea tool carrier and dredging vehicle, developed by Swire Seabed, is capable of working at 2500 metres water depth. The video shows Seabed Excavator vehicle in action. The system is delivered with a Kongsberg Evotec active heave compensated LARS system, and th
TITAN Refloats and Scuttles Bow of Wrecked Bulk Carrier
TITAN Salvage, Crowley Maritime’s, Houston-based marine salvage, emergency response and wreck removal company, has successfully refloated and scuttled the largest and most challenging section of the wrecked bulk carrier, Smart. The vessel was carrying a load of coal when it went aground in August 20
Nord Stream Names Compliance Director
Reinhard Ontyd (51) from E.ON Global Commodities will join the Nord Stream executive management on 1 January 2015 as Compliance Director. This new appointment completes the adjustment of the company structure to meet the challenges of providing efficient and secure long-term operation of the Nord St
Ocean Yield Sells Geco Triton Seismic Vessel
Ocean Yield ASA has announced the sale of its seismic survey vessel ‘Geco Triton’ to the charterer for USD 8.2 million. Built in 1991 by Jurong Shipyard, Singapore, the ex-trawler is currently on charter with Schlumberger company, WesternGeco, until December 2015. The sales price includes full payme
AOG 2015 to Highlight Subsea
The critical subsea sector of the oil and gas industry will be a key topic at Australasian oil and gas Exhibition & Conference 2015 at the same time as Australasia continues to be at the forefront of global investment destinations. According to a recent report produced by leading international energ
VIDEO: Ceona Amazon Naming Ceremony
Shipbuilding company Lloyd Werft delivered the Ceona Amazon in Bremerhaven where the vessel was officially christened this month by her Godmother, Cynthia Huber. Following its christening, the Ceona Amazon will be equipped with a 570 tonne multi-lay pipe tower and two heavy duty 400 tonne offshore c
Carnegie Director Appointed to Board of OEE
Wave energy developer Carnegie Wave Energy Limited announces the appointment of its Executive Director of Business Development, Mr. Kieran O’Brien, to the Board of Directors of Ocean Energy Europe (OEE). Kieran O’Brien joins Oliver Wragg of Orkney-based European Marine Energy Centre (EMEC) and the C
Damen Delivers OCSV ‘Fugro Frontier’
Three months after its last delivery, Fugro has received the third of a series of three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen, on December 12th 2014. Like its sister vessels, Fugro Frontier is a compact, diesel-electric FOCSV designed for a variety of tasks. However, Fug