Subsea
Saipem Nets Over $500 Million in Contracts
Saipem has won a number of contracts in various countries, mostly related to subsea work, worth over $500 million.
Red Ink for Aker Solutions
Norwegian services player Aker Solutions booked Q4 2019 loss of NOK 148 million, against profit of NOK 178 million in the prior-year comparable period. The result was impacted by restructuring and impairment costs as well as ‘very competitive market’ and contracts taking longer to be awarded. Loss p
Fugro Surveys i3 North Sea Assets
Dutch survey specialist Fugro has recently started a site survey in support of i3 Energy’s planned 2020 drilling program in the UK North Sea. The survey is expected to conclude during February and covers the remaining areas of Serenity and Liberator West’s Minos High structures not covered by i3’s 2
Site Survey Kicks Off at Sofia Offshore Wind Farm
German developer Innogy has marked the beginning of the first phase of Sofia offshore wind farm’s six-month site investigation as the vessel Fugro Pioneer left the Port of Sunderland to survey the project’s 220-kilometre export cable corridor. As part of this phase, both geophysical and geotechnical
MacArtney Eyes Future Growth
Denmark-based subsea technology company MacArtney has announced it plans to focus on improving and strengthening the Group’s overall scalability to support future development, after reporting positively on the 2018/19 financial year. MacArtney said that its 2018/19 financials demonstrate a growing t
SES and Optimum Program in Drilling Riser Maintenance Pact
Stress Engineering Services (SES) has entered into an agreement with Optimum Program to form the RiGUARD joint venture. RiGUARD combines SES’ offshore drilling analytics expertise with the Optimum Program data-driven drilling riser maintenance program that delivers drilling riser condition-based mai
Interventek Marks £10M in Deals with New Base
Subsea systems technology specialist Interventek has been awarded a multi-million-pound contract to supply three 10,000psi in-riser landing string completion systems for an international OEM client. With this and other new business wins over the last twelve months valued in excess of £10 million, In
Aleron Partners with Blue Logic
ROV, tooling and equipment specialist Aleron has agreed a partnership deal with Norway-based connector specialist Blue Logic. The deal will see the company, based just outside Aberdeen, Scotland, provide the UK North Sea subsea market with a service hub for Blue Logic’s subsea technologies, which pr
Pommec Delivers eLARS to Dutch Diving School
Pommec, a diving systems manufacturer and supplier, has delivered the eTWIN, a fully electrical driven twin basket diver Launch and Recovery System (LARS) to BC-opleidingen, a diving school in the Netherlands. The eLARS will give the diving school the opportunities to train their commercial and navy
EMGS Reports Q4 and Full-Year Profit
Norwegian geophysical services company EMGS has returned to profit as revenues hiked close to 180 percent for the period ended December 31, 2019. The Oslo-listed company reported profit for Q4 2019 of $18 million or 14 cents per share, versus loss of $7 million in Q4 2018. Revenues for the quarter r
Legasea and Infinity Team Up
Legasea and Infinity Oilfield Services have formed a strategic alliance to pursue and execute offshore topsides and subsea projects in the UK North Sea and internationally. The alliance should open up further opportunities by combining Infinity’s engineering capabilities and oilfield services experi
New Engineering Manager Joins InterMoor in Aberdeen
InterMoor has welcomed Stuart Brazewell as a new engineering manager in Aberdeen. As the engineering manager, Stuart will be responsible for the delivery of services lines within the InterMoor engineering function, including the execution of projects and engineering services in relation to the desig
Prysmian Relaunches 100Pct Recyclable P-Laser Cable
Italian subsea cables giant Prysmian said it is relaunching its P-Laser cable as the first 100% recyclable, eco-sustainable, high-performance cable technology based on a zero-emission process that reduces CO2 emissions by 40%. According to Prysmian, P-Laser is fully compatible with existing cables a
Nemo Link Marks First Full Year of Operation
Nemo Link, a power cable between the UK and Belgium, is celebrating its first full year of operation with outstanding performance figures. The subsea cable has been available to import or export power more than 96% of the time in the last 12 months. Stretching 140 km from Bruges on the Belgian side