Subsea
Sea Trucks Divests Four Vessels
Offshore contractor Sea Trucks, currently in liquidation, has transferred accommodation and construction DP3 vessels Jascon 25, Jascon 28, Jascon 31 and Jascon 34 to a new owner, by bondholder appointed receivers. The Sea Trucks Group also transferred shares in associated operating companies, in a r
Ecosse Subsea Systems Boosts Business Development Team
Ecosse Subsea Systems (ESS), has taken further steps to strengthen its management team and to boost international sales with a senior appointment. Andy Readyhough will be charged with global business development for the seabed clearance and trenching specialist. Readyhough has joined ESS after havin
Oceanteam Gets Oslo Stock Exchange Penalty and Delisting Warning
The Oslo Stock Exchange has imposed a violation charge on the offshore services provider, Oceanteam, of NOK 1.3 million for breach of the duty to disclose inside information to the market and other continuing obligations for stock exchange listed companies. Namely, Oceanteam ASA did not publicly dis
Aker Solutions Appoints New UK Country Manager
Aker Solutions has appointed Sian Lloyd Rees as UK country manager, based in Aberdeen. Lloyd Rees takes over country management responsibility from David Clark who will now focus on his role as executive vice president for Aker Solutions’ global services organization. Her career started in the oil a
Coda Octopus Rolls Out New Alternative for Geophysical Acquisition
Coda Octopus has released a new variant of the DA4G, the DA4G-USB and smaller package for analogue and digital acquisition. The DA4G-USB runs Coda’s GeoSurvey software for either single sensor acquisition (sidescan or sub-bottom profiler) or dual sensor acquisition (DA4G-USB 1000 or 2000). Existing
Report: AUV Market Reaches $671M in 2017
The global market for autonomous underwater vehicles (AUVs) reached $671 million in 2017, according to ReportLinker. Estimated values used have been based on manufacturers’ total revenues. The market should reach $835 million by 2022, growing at a compound annual growth rate (CAGR) of 4.5% from 2017
Turkish Petroleum Extends Polarcus Support Services Deal
Polarcus has been awarded a one-year extension of the support services agreement with Turkish Petroleum. The deal follows the extension of the support services agreement secured in January 2016, covering seismic operational support, maritime management and crewing support. The initial contract was c
OGTC Highlights Successful First Year
The Oil & Gas Technology Centre has, in just 12 months, co-invested £37 million ($51 million) in more than 70 projects to develop and deploy new technology that could transform the future of the UK North Sea. With more than 80 memberships across five solution centres, the OGTC is bringing together o
RUD Chains Introduces ROV Hook for Safe Subsea Lifting
RUD Chains based in Whitstable Kent, a subsidiary of Rieger & Dietz, recently designed an ROV Hook with aim to offer a product that meets the operational safety standards and speed of use requirements the industry faces. According to the company, the RUD ROV Hook is a completely new design that has
Plexus Non-Exec Director to Step Down
Plexus has informed that Geoffrey Thompson will retire from his role of non-executive director and from the board of the company with effect from May 4, 2018. This Board change follows the recent completion of the sale of Plexus’ wellhead exploration equipment and services business for jack-up appli
Bourbon Restructuring Move Lines Up 41 Ships for Sale
French vessel owner and offshore services provider Bourbon is accelerating its transformation and announced its action plan, called #BOURBONINMOTION, which should enable it to meet the need for competitiveness and to respond to customers’ new demands. The board of directors approved the plan and its
Croonwolter&dros and Bakker Sliedrecht Work on Subsea 7 Newbuild
Croonwolter&dros and Bakker Sliedrecht have obtained the order to engineer, manufacturer, install and commission the complete electrical installation of the new reel lay vessel that Royal IHC is building for Subsea 7. The vessel is intended for the installation of complex rigid flowlines, including
Akastor Slips into Red
Oilfield services investment company Akastor recorded loss of NOK 380 million ($48 million) for the fourth-quarter 2017 compared to profit off NOK 77 million ($10 million) same time in 2016. The net loss for the year was NOK 58 million. The Oslo-listed company as a group generated some 34 per cent l
TMC Wins Work on Subsea 7 Reel Lay Vessel
Royal IHC has signed up Norway-based TMC Compressors of the Seas (TMC) to deliver a complete marine compressed air system to the integrated reel lay vessel the Dutch shipbuilder is constructing for Subsea 7. TMC’s scope of work includes the provision of a complete marine compressed air system, inclu