Subsea
Halbesma Family Nods to Oceanteam Refinancing Plan
Oceanteam has reached an agreement with its founders, the Halbesma family, to support the proposed refinancing plan of the company. The plan will be voted upon as part of the extraordinary general meeting of shareholders to be held on April 13, 2018, the company informed. The news came shortly after
Balmoral Acquires Seaproof Solutions
Balmoral Offshore Engineering has acquired Norwegian manufacturer, Seaproof Solutions, to accelerate its expansion into the offshore renewables market. Established in 1989 Bergen-based Seaproof designs and manufactures advanced cable protection systems, bend stiffeners and flexible J-tubes and is fo
Vroon Agrees Restructuring with Its Lender Group
Vroon has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is subject to final documentation and credit committee confirmation, is an important step forward towards the finalization of Vroon’s financial restructuring. “Th
ION Introduces New Version of Marlin Software
ION Geophysical has launched its enterprise version of Marlin software to more broadly optimize offshore operations. Marlin supports a step change offshore from traditional manual processes to digital solutions that integrate and share information in real time to enable better, safer decisions. Marl
Sumitomo Corp. Buys into Airborne Oil & Gas
Airborne Oil & Gas (AOG), the manufacturer of thermoplastic composite pipe (TCP) for oil & gas applications, said that Sumitomo Corporation has acquired a significant shareholding in the company. The investment by Sumitomo Corporation strengthens a strategic partnership which both companies entered
Global Marine to Replace Subsea Cable in Orkney Isles
Scottish and Southern Electricity Networks (SSEN) has awarded a contract to Global Marine Group to install and commission a 10.8km electricity cable between Rousay and Westray in the Orkney Isles. The new cable is being installed as part of SSEN’s ongoing electricity distribution subsea cable replac
Atlantis Sees MeyGen Project Enter Operations Phase
Renewable energy developer Atlantis said that the MeyGen tidal energy project has formally entered the 25-year operations phase. The Phase 1A of the MeyGen project has now completed the construction phase. This follows on from an extended period of array operation since the turbines were reinstalled
Maersk Drilling, Maersk Supply Service Form JV Decom Company
Maersk Drilling and Maersk Supply Service have established a 50:50 joint venture (JV) to provide decommissioning services to oil and gas operators. Due to high demand for decommissioning, especially in the North Sea where more than 400 fields are expected to cease production by 2026, the JV will off
Petrobras Signs Up Two Solstad Farstad Ships
Petrobras has awarded Solstad Farstad a one-year firm contract to the AHTS Far Scout and to the AHTS BOS Turquesa. The Far Scout will be equipped with Fugro’s FCV work-class ROV suitable for 3.000 meters water depth. Both vessels will support exploration and production activities in Brazilian contin
Bibby HydroMap Expands Asset Inspection Services
Bibby HydroMap has expanded its asset inspection survey technology with the purchase of the Carlson Software Merlin LiDAR mapping system. The Merlin LiDAR system will complement the existing marine and terrestrial survey equipment to deliver improved high-resolution datasets of objects of interest,
Nord Stream 2 Completes Permitting Process in Finland
Project developer Nord Stream 2 AG said it has received the second of two permits required to construct and operate the planned natural gas pipeline in the Finnish Exclusive Economic Zone (EEZ), completing the permitting procedure in Finland. The permit was granted by the Regional State Administrati
Industry Teams Up to Reduce Offshore Wind Cable Failure Costs
DNV GL, ECN, WMC, BREM, VanderHoekPhotonics, Deltares and other partners have started a Joint Industry Project (JIP) named “Cables Lifetime Monitoring” to reduce failure levels in offshore wind farm cables. Power-cable failures offshore are often the main risk affecting the development and operation
Hydro Group in New Business Partnerships
Hydro Group has formed new business partnerships, as a part of its global expansion strategy, with firms in West Africa, South Korea, Thailand and Japan and added two new members to its team. Hydro Group will work in tandem with their business partners to underpin operations in each region, the comp
Magseis Relocates HQ; Adds New Members to Its Team
Magseis has expanded its global operations and relocated its head office to Lysaker, Norway, effective April 09, 2018. Per Christian Grytnes, acting CEO said: “The new offices enable all Magseis Oslo based staff to work from the same premises. We are expanding our global operations and the new headq