Subsea
Petrofac Bags Hess Decommissioning Contract
Petrofac has secured a well plugging and abandonment contract from Hess Limited, a wholly owned subsidiary of Hess Corporation. The agreement includes provision of well operator and well engineering project management services for four wells within the Rubie and Renee fields, 200 km north east of Ab
Slight Drop for Reach Subsea
Norwegian contractor booked profit of NOK 4 million on revenues of NOK 181 million, versus profit of NOK 5 million, on revenues of NOK 191 million in the year-ago quarter.
TechnipFMC Splits in Two
TechnipFMC has said it plans to separate into two independent, publicly traded companies – RemainCo and SpinCo. The transaction is expected to be structured as a spin-off of TechnipFMC’s Onshore/Offshore segment to be headquartered in Paris, France. The separation is expected to be completed in the
GCE Partners with German Subsea Monitoring Network
GCE Ocean Technology has signed a memorandum of understanding (MoU) with the Subsea Monitoring Network that allows for the development of new ocean technologies and ensuring sustainable use of ocean resources. The Subsea Monitoring Network is a corporate network for innovation in underwater technolo
Better Risk Provides Triton Knoll UXO Support
UK-based Better Risk has been contracted to provide specialist unexploded ordnance (UXO) risk management support for the Triton Knoll offshore wind farm. The company has led on industry best-practice for dealing with UXO in the marine environment and provides operational response training support to
Nord Stream 2 Installation in Finland Complete
Installation of the Nord Stream 2 twin pipelines in the Finnish Exclusive Economic Zone has been finalized with the end of pipelaying on the second line of the 374-kilometer long section. The first line was completed in Finnish waters in April 2019. In total, to date over 1,800 kilometers of the Nor
JFD to Re-Establish Closed Bell Diver Training
JFD has acquired the closed bell saturation diving system and associated assets formally owned by The Underwater Centre. The acquisition should enable JFD to re-establish the global closed bell diver training programme – also known as sat diver training – and the only UK-based training capability th
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 19 – August 25). https://subseaworldnews.com/2019/08/21/adnoc-dishes-out-3-6b-in-deals/ https://subseaworldnews.com/2019/08/20/subsea-7-eyes-fresh-ideas-with-engineering-conversion-programme/ h
DOF Subsea Returns to Profit as Group Seeks Refinancing Deal
DOF Subsea, a subsidiary of DOF Group, reported profit in the second quarter of 2019 of NOK 14 million ($1.5 million), compared to loss of NOK 292 million ($32.4 million) in the corresponding period in 2018. Year-to-date result for 2019 came out negative, with loss of NOK 10 million ($1.1 million),
OPT Debuts for Premier in North Sea
Ocean Power Technologies said it has deployed its PB3 PowerBuoy in the North Sea for Premier Oil. This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central N
NKT Firms Up Viking Link Deal
NKT had received the award by Energinet and National Grid to supply a onshore cable system for Viking Link interconnector project, connecting the Danish and British power transmission grids. The deal will see NKT deliver approximately 150 kilometers of 525 kV MI high-voltage DC onshore power cables.
Bibby HydroMap Extends Hollandse Kust Zuid UXO Hunt
Bibby HydroMap has kicked off UXO survey operations on the 760MW Hollandse Kust Zuid (HKZ) Wind Farm Zone Sites III & IV on behalf of Vattenfall. The second UXO survey for the UK-based seabed survey company on the Hollandse Kust Zuid Wind Farm Zone comes after Vattenfall was announced as the winner
Shearwater Wraps Up Pensacola Shoot for Shell
Shell and its partner Cluff Natural Resources have completed a 3D seismic survey extending to approximately 420 square kilometers over the Pensacola Prospect in the Southern North Sea. The survey, conducted by Shearwater GeoServices using the Polar Empress, was completed on time and with no health,
Ultra Deep Solutions Lands Contract for DSCV Matisse
The vessel will be delivered in Q2 2020 on a contract said to be between $50 million – $250 million.