Subsea
Teledyne Gavia Upgrades Turkish Navy AUVs
Teledyne Gavia has delivered Blueview modules and associated Teledyne software for all Gavia autonomous underwater vehicles (AUVs) operated by the Turkish Navy Mine Countermeasures Command in Erdek. The Blueview MB2250 will be used in conjunction with the existing Edgetch 2205 side scan sonars that
Advance Global Recruitment Expands in Aberdeen
Energy industry recruitment specialists, Advance Global Recruitment Limited (AGR) said it will be relocating from Westhill to new city centre premises in Albert Street due to an increase in business and the expansion of its Aberdeen workforce. Edinburgh-based AGR said although market conditions cont
Rovco Secures Funding for Live 3D Subsea Tech Launch
Rovco, a subsea services company, has secured a £1.2m investment, enabling the firm to launch its advanced live 3D subsea survey system and triple its workforce. The company has attracted backing from three UK-based investment houses, Green Angel Syndicate, Cambridge Angels and Bristol Private Equit
Proserv Gets New CEO After Restructuring
Proserv, an energy services company, has completed financial restructuring with aim to strengthen the long-term plans of the company. Through a debt-for-equity exchange and injection of a $50 million investment, the company’s two largest lenders – KKR and funds managed by Oaktree Capital Management
Solstad Farstad Gets New Board Chairman
Solstad Farstad (SOFF) has appointed Harald Espedal as the new chairman of the board. The appointment to the board comes after Terje Vareberg stepped down as chairman and board member after seven years of service. Harald Espedal is a graduate from The Norwegian School of Economic (NHH) in economics
Statoil Switching to Equinor this Week
Norwegian oil and gas company Statoil said it will vote on the proposal to change the company’s name to Equinor this week. The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under [
NKT Victoria Starts Johan Sverdrup Power Cable Installation
Statoil has informed that the laying of the cable supplying Johan Sverdrup with power from shore has started. On Wednesday the cable laying vessel NKT Victoria began laying the cables that will supply the Johan Sverdrup field with power from shore. The starting point was the Johan Sverdrup converter
Shearwater Scores Double in North Sea
Shearwater GeoServices has been awarded two 4D surveys for the North Sea market. The 4D surveys will begin in the second quarter of 2018 and will be conducted back-to-back over a period of approximately two months. Shearwater has during the first months of 2018 secured more than additional 15 vessel
Innospection and SENAI to Develop Inspection Robot for Shell
Shell Brazil has recently signed a partnership agreement with the British company Innospection and SENAI CIMATEC for the development of a robot for the inspection of cargo tanks in service of ship-platform (FPSOs). This robot called MCCR (MEC Combi Crawler Robot) will be launched from the main deck
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 07 – May 13). https://subseaworldnews.com/2018/05/09/statoil-hires-subsea-7-for-ncs-work/ https://subseaworldnews.com/2018/05/07/mcdermott-bags-qatar-petroleums-north-field-expansion-deal/ https:/
SCS Inks UK Business Development Deal with Pommec
Subsea Commercial Services (SCS) has signed a UK focused business development contract with Pommec of the Netherlands. According to SCS, Pommec, a manufacturer and supplier of commercial diving equipment and hyperbaric tunnelling solutions, aims to increase its penetration and presence in the UK div
Reach Subsea Bags Statoil IMR Deal
Reach Subsea has been awarded a frame agreement by Statoil for the inspection, maintenance and repair (IMR) services in the North Sea. The frame agreement has a duration of five years, and will start in 2019. Commercial terms under the agreement are confidential between the parties, Reach said. The
Polarcus Posts Profit
Seismic player Polarcus has returned to quarterly profit when compared to first-quarter 2017, despite revenue drop of some 35 percent. The Oslo-listed company reported net profit for the quarter ended March 31, 2018 of $2.8 million or 1 cent per share, versus loss of $38 million in Q1 2017. Sequenti
Hydratight and Altus Join Forces on North Sea Contract
Hydratight has signed a three-year contract with a major North Sea operator to support flange management and end-to-end process services. The contract covers the North Sea operator’s onshore and offshore assets and facilities and has scope for future development following a move to integrate its pro