Subsea
Aker BP Buys Hess Norge for USD 2.0 Billion
Aker BP has entered into an agreement to acquire Hess Norge for the cash consideration of USD 2.0 billion. The transaction includes Hess Norge’s interests in the Valhall (64.05 per cent) and Hod (62.5 per cent) fields in which Aker BP becomes the sole owner. Aker BP will also assume Hess Norge’s tax
Coda Octopus’ Echoscope Sees Deployment on Race Bank OWF
Coda Octopus’s Echoscope real-time 3D sonar system has been deployed on the Race Bank offshore wind farm project by DeepOcean. The Echoscope was used for a vast number of tasks including live cable touch-down monitoring and position recording, monitoring of first and second end pull-ins, cable-cut m
NKT to Repair Norway – Denmark Subsea Power Link
NKT, the power cable system provider, has been selected by Statnett to repair the Skagerrak 2 cable, which is one of the four links connecting Norway and Denmark. The cable between Kristiansand in Norway and Tjele in Denmark was damaged in end-July due to external impact and NKT is going to do a tur
ASV Global Appoints New UK Managing Director
Autonomous vessel technology developer, ASV Global, has named Mark Exeter as the new managing director of its Portchester, UK office. Exeter’s predecessor, Dan Hook, moves into a new role as senior director – Business Development focusing on further market expansion. Thomas Chance, CEO of ASV Global
Kitron Inks 5-Year Deal with Kongsberg Maritime
Kitron has signed a frame agreement with Kongsberg Maritime with a potential value of NOK 200 million for the next five years. Kitron will produce and deliver existing and future electronic modules and products to Kongsberg Maritime and actively collaborate on design, development, industrialization
BW Catcher FPSO Arrives to North Sea; Commissioning Underway
BW Offshore informed that the BW Catcher floating production storage and offloading (FPSO) vessel has arrived at the Catcher field in the central North Sea on Wednesday. The hook up of the submerged turret production (STP) buoy mooring system was completed on Thursday with the vessel completing a ro
NEC Europe Names New President and CEO
NEC Europe has appointed Hironobu Kurosaki as president and CEO. In this role, Kurosaki will lead the growth of NEC Europe’s business for a broad range of customers spanning across its key business segments of public safety, public IT services and telecom carrier solutions in the EMEA region (Europe
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 16 – October 22). Solstad Farstad has agreed to sell its 50% of the shares in the 50/50 owned joint venture company Normand Oceanic AS to Subsea 7. Normand Oceanic is the vessel owning entity
Shell Divests from Polarled and Nyhanma
Shell, has entered into an agreement with CapeOmega for the sale of Shell’s 9.02% stake in the Polarled offshore gas pipeline and 3% of the 15.03% stake in the gas plant Nyhamna, one of the largest gas-processing plants on the Norwegian continental shelf. CapeOmega is owned by HitecVision, acquisiti
Boa Pursues Money-Back Enforcement Over Cancelled Vessel Order
Norwegian offshore vessel owner Boa has initiated an enforcement procedure against Fevamotinico S.á.r.l. over missed deadline related to a refund of advance payments Boa IMR had made prior to cancellation of a shipbuilding contract with Noryards Fosen back in September 2015. Namely, on October 5 thi
Vattenfall Starts Construction of Horns Rev 3 OWF
Vattenfall has informed that construction work is set to begin on Denmark’s largest offshore wind farm, Horns Rev 3, in October. The project will kick off with the Vattenfall’s installation of the first of a total of 49 foundations in the North Sea. “Horns Rev 3 is the first of three offshore farms
JFMS to Provide Marine Services for East Anglia ONE
James Fisher Marine Services (JFMS) has been announced as the integrated marine services contractor for the East Anglia ONE offshore wind farm project. As part of its integrated marine services package, JFMS will provide a range of services including marine coordination through its Offshore Wind Man
Aker Solutions Sees Slight Profit Increase
Norwegian oil services company Aker Solutions has reported net income of NOK 124 million ($16 million), or NOK 0.40 in the third-quarter 2017, versus net income of NOK 120 million ($15 million), or NOK 0.37 in the prior-year comparable period. The company, however, has seen its revenue decline 9 per
Eldar Sætre Stays with Statoil as CEO
Statoil’s board of directors and chief executive officer Eldar Sætre have agreed that Sætre will continue as CEO after he turns 62 in February 2018. Eldar Sætre will thus not use his contractual right to retire at the age of 62. “It has been a wish from the board of Statoil that Eldar Sætre continue