Subsea
Subsea 7 braces for headwinds; withdraws 2020 guidance
Engineering and construction specialist Subsea 7 has warned of ‘significant headwinds’ as it expects the coronavirus pandemic and sharp drop in oil prices to impact its capacity to meet 2020 guidance. Subsea 7 has therefore withdrawn its previous guidance and outlook, which saw its revenue and adjus
SSEN places order with Hellenic Cables
Cenergy Holdings subsidiary Hellenic Cables has won a contract from Scottish & Southern Electricity Networks (SSEN) for the supply of medium voltage subsea cables. The cables will replace older submarine cables connecting Scotland’s island communities. SSEN owns and operates the 11kV and 33kV subsea
Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market
Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.
Ocean Installer Names New CFO
Ocean Installer has appointed Ingrid Due-Gundersen as the new chief financial officer. Ingrid Due-Gundersen has worked for the Leif Höegh & Co group for her whole career. She joined Höegh Fleet Services in 2002 as a summer intern and worked within the group in various positions ever since she was em
SSEN Places Order with Hellenic Cables
Cenergy Holdings subsidiary Hellenic Cables has won a contract from Scottish & Southern Electricity Networks (SSEN) for the supply of medium voltage subsea cables. The cables will replace older submarine cables connecting Scotland’s island communities. SSEN owns and operates the 11kV and 33kV subsea
Polarcus in New XArray Seismic Acquisition in North West Europe
Polarcus has secured an XArray 3D marine seismic acquisition project in North West Europe. The project is expected to start in Q2 2020, Polarcus informed. The seismic acquisition will have a duration of approximately three months. Polarcus did not disclose the name of the client nor the value of the
AGS Welcomes Haugestad as CFO
Norwegian ocean bottom node seismic player Axxis Geo Solutions (AGS) has appointed Nils Haugestad as the company’s chief financial officer (CFO). Haugestad comes from Seabird Exploration where he held the position as CFO over the last six years and was instrumental in the refinancing of the company
AGS welcomes Haugestad as CFO
Norwegian ocean bottom node seismic player Axxis Geo Solutions (AGS) has appointed Nils Haugestad as the company’s chief financial officer (CFO). Haugestad comes from Seabird Exploration where he held the position as CFO over the last six years and was instrumental in the refinancing of the company
MCS subsea construction vessel on AAD Antarctic supply duty
Dutch offshore contracting and vessel management firm Maritime Construction Services (MCS) has secured a contract from The Australian Antarctic Division (AAD) for supply services in the Antarctic region. Tasmania-based AAD is part of the Australian Government’s Department of Agriculture, Water and t
MCS Subsea Construction Vessel on AAD Antarctic Supply Duty
Dutch offshore contracting and vessel management firm Maritime Construction Services (MCS) has secured a contract from The Australian Antarctic Division (AAD) for supply services in the Antarctic region. Tasmania-based AAD is part of the Australian Government’s Department of Agriculture, Water and t
Norway MPE Postpones Decision on NorthConnect Project
The Ministry of Petroleum and Energy (MPE) has informed NorthConnect that the Ministry lacks sufficient information at this point to reach a decision on the license applications for a new interconnector for electricity. NorthConnect is a proposed power cable connecting Norway and Scotland. The Norwe
Kongsberg unveils new LARS solution for AUVs
Kongsberg Maritime has developed a new launch and recovery system (LARS) solution for its HUGIN range of autonomous underwater vehicles (AUVs). The company came up with a solution to have the new LARS operating from midships, with the release and capture of HUGIN marine robots occurring beneath the
Kongsberg Unveils New LARS Solution for AUVs
Kongsberg Maritime has developed a new launch and recovery system (LARS) solution for its HUGIN range of autonomous underwater vehicles (AUVs). The company came up with a solution to have the new LARS operating from midships, with the release and capture of HUGIN marine robots occurring beneath the
Stinger wins Kawasaki contract
Kawasaki Heavy Industries has contracted Norwegian marine robotics firm Stinger for services related to planning and preparing site testing of an AUV equipped with a robot arm for performing subsea pipeline inspections. The underwater intervention drone is based on a fusion of submarine technologies