Subsea
JFD Boosts Saturation Diving Capabilities
JFD said it has delivered the world’s first saturation diving products rated to a depth of 500 meters. The products have been developed as part of a saturation diving system for what JDF says is a leading offshore service provider. According to the company, the new products, which include environmen
NPD Green Lights Equinor’s Johan Sverdrup Start-Up
Equinor has received consent from the Norwegian Petroleum Directorate for start-up of the Johan Sverdrup field in the North Sea. The field is expected to produce oil for the next 40 years. Equinor plans the start-up sometime this autumn for the first phase of the field development. Construction phas
Transmission Capital Partners Preferred Bidder for Rampion OFTO
International Public Partnerships Limited (INPP) has informed that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure and Transmission Investment, has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission projec
IMCA Welcomes New Technical Adviser
International Marine Contractors Association (IMCA) has appointed Reza Yaghoobi as the technical adviser – Marine specializing in DP electrical, control and automation. He has joined the global trade association from London Energy where he was electrical and instrumentation engineering manager. Reza
Total Picks Subsea 7 for Lapa Field Work Off Brasil
Subsea 7 has secured a contract from Total for the development of the Lapa North East field offshore Brasil. The field is located approximately 300 kilometres off the coast of the State of São Paulo, at 2,150 metres water depth in the pre-salt Santos Basin. The work scope includes the transport, ins
OGTC Announces TechX Pioneers Programme Graduates
Eleven companies have graduated from the Oil & Gas Technology Centre (OGTC) TechX Pioneers Programme – a technology accelerator and incubator helping start-ups take their solutions to the energy market. In four months, the 11 pioneering companies have completed more than 200 meetings with industry l
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 26 – September 01). https://subseaworldnews.com/2019/08/27/technipfmc-splits-in-two/ https://subseaworldnews.com/2019/08/26/jfd-to-re-establish-closed-bell-diver-training/ https://subseaworldne
Boskalis Subsea Services Seeks New Ideas for SURF Arena Play
Boskalis Subsea Services is creating new opportunities for the supply chain by inviting companies to come forward with fresh, innovative ideas and new technology. Aberdeen-based firm, which secured a series of inspection, repair and maintenance (IRM) projects in the North Sea, said it is also turnin
Equinor Completes Increase of Interest in Johan Sverdrup
Equinor has completed the sale of shares in Lundin Petroleum and acquisition of further direct interest in Johan Sverdrup field. Equinor agreed to divest a 16 percent shareholding in Lundin for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 mi
Olympic Subsea Swings to Profit
Olympic Subsea has reported profit of NOK 8.4 million (close to $1 million) for the quarter ended June 30, 2019, versus net loss of NOK 3 million ($330K) same time last year. The Oslo-listed company generated operating income of NOK 183 million for the second quarter of 2019, compared to NOK 178 mil
TGS Names New Executive Team After Spectrum Acquisition
TGS-NOPEC Geophysical has announced a new executive team following the finalization of acquisition of Spectrum. The company completed the acquisition of Spectrum, creating a global multi-client geophysical data provider, on August 14. The team, led by CEO Kristian Johansen, consists of the following
Oceaneering Relocates Aberdeen Ops to New Site
Oceaneering International has announced plans to relocate its Aberdeen operations, combining seven properties into one office location and a new purpose-built workshop. The relocation efforts will enable Oceaneering to support continued growth in the U.K., Europe, Africa, and Middle East regions and
Solstad Narrows Quarterly Loss
Oslo-listed Solstad Offshore has recognized loss of close to NOK 343 million ($38 million) for the second quarter of 2019, compared to loss of NOK 788 million ($87 million) from the prior-year comparable period. The Norwegian vessel owner’s operating revenue for the second quarter 2019 increased sli
Siccar Point Hires Sembcorp Marine for Cambo FPSO FEED Work
Siccar Point Energy E&P has awarded an exclusive Front-End Engineering and Design (FEED) contract to Sembcorp Marine Rigs & Floaters for the design of a Sevan cylindrical FPSO for its Cambo field development on the UKCS. The Cambo field, located 125km northwest of the Shetland Islands in a water dep