Maersk Supply Service has appointed Mark Andrew Handin as chief operating officer (COO), effective March 01, 2020, heading the Vessel Management function. Mark Handin will assume the position of COO, replacing Claus Bachmann, who has taken a position within the Maersk Drilling organisation, as SVP,
Norwegian subsea technology provider Norbit said that its chief financial officer (CFO) Stian Lønvik has given notice to the company that he will resign from his position. Lønvik has a 6-month termination period hence he will remain in position until end July 2020. The company said it will promptly
Subsea World News has put together a recap of the most interesting articles from the previous week (January 27 – February 02). https://subseaworldnews.com/2020/01/27/star-of-the-south-survey-to-start-in-february/ https://subseaworldnews.com/2020/01/27/damen-rolls-out-new-osv-concept/ https://subseaw
The Myklebust shipyard in Gursken has signed its fourth wellboat contract with Sølvtrans Rederi in Ålesund. The vessel is based on Kongsberg NVC 389, the design being used for one vessel already under construction at Myklebust for Sølvtrans. The new hull will be built at the Turkish shipyard Hat-San
All components of the converter for the 50Hertz and Energinet interconnector Combined Grid Solution are ready to be energized and put into operation. This includes the converter-components as well as the expansion in the substation in Bentwisch and control technology. Danish Energinet and German 50H
Fugro is set to cash in close to USD 40 million from the sale of Global Marine Group (GMG) through its ownership of 23.6% in GMG. As reported earlier, a subsidiary of Global Marine Holdings, in which Fugro holds a 23.6% equity interest, has entered into a definitive agreement to sell 100% of GMG, ex
MacArtney said it will soon supply and test several underwater connectors for INFN – the National Institute for Nuclear Physics. INFN for the IDMAR Research Infrastructure in Sicily supports, among others, the KM3NeT (Cubic Kilometre Neutrino Telescope) infrastructure in the Mediterranean Sea. MacAr
MODEC, Mitsui, MOL and Marubeni have agreed to invest in a long-term charter business, currently promoted by MODEC, to provide a floating production, storage, and offloading system (FPSO) for use at the Marlim field, offshore Brazil. Based on the agreements, Mitsui, MOL and Marubeni will invest in M
Norwegian company specializing in the distribution of fish feed, Eidsvaag, has contracted Damen to carry out a conversion of a platform supply vessel into a fish feed carrier. Damen Shiprepair Amsterdam (DSAm) will conduct the conversion work. “One of the main things that made Damen stand out as a s
Global Marine Holdings, in which HC2 holds an approximate 73% equity interest, has entered into a definitive agreement to sell 100% of Global Marine Group (GMG) to an investment affiliate of J.F. Lehman & Company (JFLCO). The sale includes GMG’s operating subsidiary Global Marine Systems, a provider
Portugal’s Navalrocha shipyard has completed repair and refit of Polarcus Naila vessel. The drydock project involved a broad package of work for the ultra-modern 14 streamer 3D/4D seismic vessel. Navalrocha commercial director Sergio Rodrigues said: “The Polarcus Naila visited Navalrocha shipyard fo
MODEC has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia, a subsidiary of Equinor, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau field in Brazil. MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in
Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 2019, as revenues hiked some 23 per cent from same time last year. The Oslo-listed seismic player reported quarterly profit of $10.7 million, or 3 cents per share on revenues of close to $333 million, ag
Van Oord has awarded Vos Prodect Innovations (VPI) a contract to supply cable hang-off systems for Windpark Fryslân. As a part of the agreement, VPI will develop a custom made cable hang-off system, which is to be qualified with mechanical tests. “We are delighted to be contracted by Van Oord for th
