Subsea
Siem Offshore Secures Charter for ‘Siem Stingray’
Siem Offshore has entered into a bareboat charter agreement with an international subsea contractor for the offshore subsea construction vessel “Siem Stingray”. According to the Oslo-listed vessel owner, the contract is for a firm period of 2 years with options. The vessel should start operation dur
Fugro Sees Revenue Slip
Dutch subsea and survey specialist Fugro has posted revenue decline of some 23 percent in the third quarter of 2017, mostly impacted by lack of activity in its geoscience division. The company’s revenue fell from €474 million in the third quarter of 2016 to €364 million for the period ended Septembe
CGG Delivers Cairenn Survey PSDM Data
CGG has completed a Pre-Stack Depth Migration (PSDM) of its Cairenn multi-client survey in the Porcupine Basin, west of Ireland. Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before the
DeepOcean CEO Steps Down
The board of directors of DeepOcean has informed that COO Ottar Mæland will take over the responsibilities as acting CEO of DeepOcean. The current CEO of DeepOcean Bart Heijermans has decided to step down from his position as CEO effective November 18, 2017, but has agreed to remain on the board as
VBMS Grabs Borssele Beta Export Cabling Work
VBMS, a subsidiary of Boskalis, has, in consortium with NKT Cables, been awarded the Borssele Beta cable contract by TenneT. The contract is for the installation of two 67 kilometer long export cables that will connect the Borssele offshore wind farms 3 and 4 to TenneT’s onshore grid in the Netherla
AISUS Launches New Offshore Inspection Tool
AISUS has launched an improved internal gravity deployed ultrasonic scanning tool, SIRIUS-X, for completing ultrasonic corrosion mapping within offshore caissons, risers and conductors. Following the field trials, it recently completed its first caisson inspection programme for a UK oil and gas oper
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 23 – October 29). Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with approximately 250 jobs lost. The restructuring is related to the con
Remøy Disposes of ‘Ocean Odyssey’
A Remøy Group subsidiary, Remøy Standby, has sold the Ocean Odyssey to a Norwegian client, Maritim Research I AS, a subsidiary of Maritim Management. Ocean Odyssey is a seismic source vessel of Aker AH 03 design, built by the Norwegian Søviknes yard in 2005 and has ever sailed on a time charter with
Polarcus Sees Loss Shrink
Polarcus has narrowed its quarterly loss when compared to third-quarter 2016, as the seismic player managed to lower its operating costs by close to 16 percent year-over-year. The Oslo-listed company reported net loss for the quarter of $9.1 million or $0.06 per share, versus loss of $17.4 million i
¡VAMOS! Technology Demonstrated in UK
¡VAMOS! consortium has held a live demonstration of the ¡VAMOS! technology at the Imerys Minerals test site in Lee Moor, Devon, UK. The 29 visitors were divided up in small groups and guided around the premises by representatives of SMD, Damen Dredging Equipment and INESC TEC, who have been working
Bureau Veritas Bags £7.5m in North Sea Deals
Bureau Veritas is looking ahead to positive start to 2018 securing contracts worth more than £7.5 million over the past two months, for its North Sea Offshore Operations business. Bureau Veritas has won new contracts with several operators, as well as a number of extensions on existing contracts, wi
Aker Solutions in LNG Skills Boost
Aker Solutions is bolstering its liquefied natural gas capabilities to capitalize on an expected surge in global demand for the fuel as energy companies transition to a low-carbon future. The subsea production and processing expert has hired four leading specialists with extensive experience from ex
Perestroika Divests from DOF for $17M
Møgster Offshore and Perestroika have entered into an agreement whereby Perestroika, as part of a capital increase in Møgster Offshore, has transferred its 138 500 000 shares in DOF to Møgster Offshore as contribution in kind in the capital increase in Møgster Offshore. Møgster Offshore is related p
Teledyne Launches New Hydrographic Survey Boat
Teledyne Oceanscience has released the new Z-Boat 1250, a remotely operated hydrographic survey boat that is sturdy enough for tough terrain but light enough to be one person portable. The new Z-Boat 1250 is outfitted with a single beam echosounder and is suited for inland waters such as streams, ri