Subsea
Equinor Hires Aquaterra for Johan Sverdrup Work
Aquaterra Energy has been selected by Equinor to deliver early well construction operations, via its Well Start solution, for the Johan Sverdrup field. Johan Sverdrup is one of the largest offshore oil fields on the Norwegian continental shelf, with estimated reserves of up to 3.1 billion barrels of
SME Completes First Phase of PLAT-I Tidal Platform Testing
Sustainable Marine Energy’s (SME) PLAT-I tidal energy platform hosting four Schottel Hydro SIT 250 turbines has completed the first phase of its testing programme at Connel, on the West coast of Scotland. The company is now preparing to ship the platform to Nova Scotia and install it for a second ph
Shell Takes Fram Field FID
Shell said it has made a final investment decision (FID) for the Fram gas and condensate field in the UK North Sea. This FID adds momentum to Shell’s North Sea production growth, following the decision to redevelop the Penguins field in the northern North Sea. At peak production, the Fram field is e
DOF Subsea Nets IMR Work
DOF Subsea has been awarded several contracts in the Atlantic region, securing utilisation for the vessels Geosund and Skandi Skansen throughout Q2 and Q3. The awarded works are all within the Subsea IMR Projects segment. The scopes include seabed mapping, surveys, pipeline and structure inspection,
IKM Subsea Wins Equinor Job
Equinor, Norske Shell and IKM Subsea have agreed to adopt the terms and conditions of the contract originally signed between Norske Shell and IKM Subsea for provision of light ROV & inspection services for Equinor operations. The services specifically ordered by Equinor will include onshore project
NOC Contracts Cellula for STEMM-CCS Project
Cellula Robotics has been awarded a contract from the National Oceanography Center (NOC) in the UK. The contract covers the design, build, testing and offshore support of a tool to place a seven meter curved pipe into the seabed. This tool will be used to enable the controlled injection of CO2 at an
Supreme Court Reverses Decision in WesternGeco-ION Case
ION Geophysical has informed that the Supreme Court of the United States reversed a lower court’s determination that lost profits of the type WesternGeco sought against ION, attributable to foreign conduct by third parties, are not available as a matter of law. The Supreme Court reversed the Federal
MMT Gets New CEO
MMT board of directors has welcomed Per-Olof Sverlinger as new CEO. Sverlinger comes from the management consultancy firm Triathlon Group where he is one of two founders and has been the CEO for more than 15 years. During his time at Triathlon, the firm has grown into a sizeable, stable and successf
New CEO for SeaBird
Marine seismic survey provider SeaBird Exploration has appointed Hans Petter Klohs as new CEO of the company. The appointment takes effect as of June 24, 2018, replacing Christophe Debouvry, who served as CEO of the company since 2016. Klohs’ previous senior positions include serving as CFO and late
Global Maritime Adds New Member to Its Houston Team
Global Maritime has appointed Eric Frank to oversee its United States operations based out of Houston. Eric, who will also be responsible for Global Maritime’s Dynamic Positioning (DP) services throughout the US, brings 27 years’ offshore and onshore experience to Global Maritime and has been tasked
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 18 – June 24). https://subseaworldnews.com/2018/06/20/conocophillips-names-barossa-feed-players/ https://subseaworldnews.com/2018/06/18/subsea-7-scoops-up-vito-prize/ https://subseaworldnews.com/
Tekmar Debuts on AIM
Subsea cable protection specialist Tekmar has been admitted on the AIM market of the London Stock Exchange. Dealings in the shares started on June 20, under the ticker – TGP. Upon admission, the company had a market capitalisation of approximately £65 million, following a successful total fundraise
Salt Ship Designs Fish Carrier for Alsaker Fjordbruk
Salt Ship Design has designed a live fish carrier for Alsaker Fjordbruk, a vertically integrated fish farming group. The vessel will be built by Astilleros de Murueta in Spain and will be delivered from the yard in 2020. The parties have cooperated for a long time to develop a live fish carrier desi
Vattenfall and AREG Share EOWDC Project Insights
UK subsea companies are set to be given an insight into supply chain opportunities for the European Offshore Wind Deployment Centre (EOWDC) ahead of the project going live later this summer. Those attending the Subsea UK organised lunch and learn at The Village Hotel in Kingswells, will hear how the