Subsea
OEEC 2018: Offshore Energy to Remain Strong Part of Market
Offshore Transport, Installation and Removal is one of the two thematic sessions wrapping up the Day-1 of the OEEC 2018 action-packed program set up at Amsterdam RAI. It was a full room as the session attracted major players in the offshore execution arena, including Allseas, Bourbon, Boskalis, Van
OEEC 2018 Tackles Faults in Subsea Power Cables
Interesting thematic sessions have spiced up this day of Offshore Energy Exhibition and Conference 2018. For the first time, the event welcomed the session on Subsea Cables Systems, hosting speakers from Shell, CWind, DNV GL, ECE Offshore and Irish Sea Contractors. Electrification of offshore oil an
Siem Offshore Secures Work for Subsea Vessel Siem Barracuda
Siem Offshore has secured a 15-month contract for the offshore subsea construction vessel ‘Siem Barracuda’. The contract with an unnamed client includes 6 x 1 month options. Under the contract, Siem Barracuda will conduct operations in the renewable energy sector. The vessel will start operations du
Helix Ups Q3 Profit
Offshore services player Helix Energy Solutions has seen profit increase in the third quarter of 2018, compared to the same period in 2017. Helix reported net income of $27.1 million, or $0.18 per diluted share, for the third quarter of 2018 compared to net income of $2.3 million, or $0.02 per dilut
Johnston Carmichael Appointed as Administrators of The Underwater Centre
Johnston Carmichael’s Gordon MacLure and Donald McNaught have been appointed as joint administrators of The Underwater Centre in Fort William. The Underwater Centre, recognized as a centre of excellence for diver training, subsea trials and testing, had to cease trading on October 15, 2018, putting
HC2 Explores Strategic Alternatives for Global Marine
HC2 Holdings (HC2) has started exploring strategic alternatives, including a potential sale for its Global Marine subsidiary. The company, who acquired Global Marine in 2014, received support from Fugro, who holds interest in Global Marine, for the sale. In November 2017, Fugro sold its non-core tre
Subsea UK’s Life of Field Conference Announced
The innovations required to support the British subsea industry in the lower oil price environment will be explored at Subsea UK’s Life of Field conference in Bristol next month. Sponsored by Baker Hughes, Frazer Nash Consultancy and Viper Innovations the conference will take place on November 06, a
Offshore Energy Awards Winners Unveiled
Offshore Energy Awards winners have been revealed during the Gala Dinner held on Monday in front of 400+ attendees at the National Maritime Museum (Scheepvaartmuseum) in Amsterdam, the Netherlands. The ceremony, hosted by Viktoria Koblenko, was officially opened by Shell executive vice president, Ba
Solstad Starts Negotiations with Lenders Over Liquidity Concerns
Norwegian owner and operator of offshore vessels Solstad Offshore has started negotiations with lenders to improve the overall liquidity situation prior to the North Sea winter season. According to the company, the winter season is expected to be challenging for the company’s liquidity position. Sol
Zennor Gets OGA Approval for Finlaggan Development
Zennor Petroleum has received approval from the Oil & Gas Authority (OGA) for the Finlaggan field development in the UK Central North Sea Block 21/05c, which it owns 100%. The development project to recover 26 mmboe of 2P gas condensate reserves will include two subsea production wells tied back to
ROVOP Buys M2 Subsea’s ROV Fleet
ROVOP, the independent provider of underwater remotely operated vehicles (ROVs), has purchased the entire fleet of 28 ROV systems from M2 Subsea. The fleet expansion will enable ROVOP to better support customer operations in the future by strengthening deployment capabilities across the world, with
Bourbon Subsea Services Nets WindFloat Atlantic OWF Deal
Bourbon Subsea Services has been selected by Windplus to install three floating wind turbines of 8.3 MW for the WindFloat Atlantic floating offshore wind farm located 20 km off Viana do Castelo, Portugal. The project includes project management, engineering and the procurement of the complete moorin
BP Gets Green Light for Alligin Development
BP has received approval from the Oil and Gas Authority (OGA) to proceed with the Alligin field development located west of Shetland. The Alligin development will target 20 million barrels of oil equivalent, and is expected to produce 12,000 barrels gross of oil equivalent a day at peak. The field,
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 15 – October 21). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Saipem Nets Usd 400 Mln Worth Of Offshore Contracts This content is ava