Subsea
Wärtsilä Thrusters for Bokalift 2
Wärtsilä will deliver thruster solution for Boskalis’ vessel-conversion project to create the crane vessel Bokalift 2. The deal, secured in December last year, will see technology group supply four retractable steerable thrusters and thruster controls, as well as two tunnel thrusters. The retraction
Aker BP Gets Green Light for Skogul Start-Up
The Norwegian Petroleum Directorate has granted a consent to Aker BP for start-up of the Skogul field in the North Sea. Skogul was proven in 2010 and the Plan for Development and Operation (PDO) was approved in early 2018. Recoverable resources are estimated at 1.5 million standard cubic meters of o
GCX Repairs Red Sea Links
Global Cloud Xchange (GCX) subsea cables FALCON between Muscat and Suez, and FEA between Mumbai and Suez, are back in business following cuts offshore Port Suez in the Red Sea. GCX mobilized a cable ship through its partner in the Middle East, E-Marine to support with the repairs. The repairs of FAL
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 17 – February 23). https://subseaworldnews.com/2020/02/21/hunting-buys-enpro-subsea/ https://subseaworldnews.com/2020/02/18/jfms-names-simon-r-james-head-of-subsea-operations/ https://subseaw
DOF Subsea Shrinks Quarterly Loss
DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of NOK 30 million ($3.2 million), compared to loss of NOK 458 million ($49.1 million) in the corresponding period in 2018. Full-year result for 2019 came out negative, with loss of NOK 1.13 billion ($121.
Aleron Welcomes New Strategic Business Adviser
Aleron Group has made another strategic appointment as the company welcomes David Currie to the team. David Currie joins Aleron Group as the strategic business adviser. He will be driving the growth of Aleron over the next few years. The appointment of David comes just few months after the appointme
Wintershall Noordzee Begins Sillimanite Gas Production
Wintershall Noordzee has started gas production from its operated Sillimanite field, located approximately 200 kilometers off the coast of Den Helder. Sillimanite is the unitized gas field that stretches across the UK and the Dutch Continental Shelves. “With first gas from Sillimanite we once more u
Hunting Buys Enpro Subsea
Energy services group Hunting has acquired Enpro Subsea from members of the Enpro management team and Energy Ventures Private Equity for a total consideration of $33 million. The deal also has a potential maximum earn out of $3.0 million based on EBITDA performance in 2020. The Aberdeen-based busine
EMGS Chairman Resigns
Oslo-listed Electromagnetic Geoservices (EMGS) said that Johan Kr Mikkelsen has resigned from his position as chairman of the board for personal reasons. Mikkelsen’s resignation, who joined the board of directors of EMGS in 2014, and assumed the position of chairman in 2019, is effective immediately
EU Gives €2M to Provide Info on Fishery and Aquaculture Sectors
The European Union, under the Horizon 2020 programme, has granted €2 million to provide information services that offer high resolution water quality and met-ocean indicators in coastal and nearshore areas. The FORCOAST (Earth Observation Services for Wild Fisheries, Oysterground Restoration and Biv
Viper Grows Cable Integrity Monitoring Tech Sales
Subsea technology and engineering firm Viper Innovations said it has booked record sales of its V-LIM cable integrity monitoring technology during 2019, almost trebling sales compared to that of the previous year. The company has increased its export sales overall by 20% and enjoyed significant grow
Software Start-Up Invests in Aberdeen Base
Xergy, the startup company aiming to revolutionise resourcing in the energy industry, has invested £120k in opening an office in Aberdeen with plans to recruit an additional 15 employees. Led by industry stalwarts, James McCallum and Colin Manson, Xergy has moved into Rubislaw Terrace in the city’s
Ocean Installer Taps Ashtead for Another Subsea Installation Project
Aberdeen-based subsea equipment solutions specialist Ashtead Technology has secured a new contract with Ocean Installer following the completion of subsea installation project in 2019. Ashtead will provide its Deflection Monitoring System (DMS) and field engineers to install six integrated template
SeaBird Confirms OBN Source Contract
SeaBird Exploration has received a letter of award for an ocean bottom node (OBN) source contract in Asia Pacific. The contract has an expected duration of about five months and it was originally announced in January of this year. The contract is expected to start in April 2020, the company noted. S