Subsea
Subsea 7 and Sapura Energy Terminate Joint Venture
Subsea 7 has agreed with Sapura Energy Berhad to discontinue the SapuraAcergy joint venture. SapuraAcergy’s heavy-lift and pipelay vessel, Sapura 3000, has been sold to a subsidiary of Sapura Energy Berhad. The decision by Subsea 7 and Sapura Energy Berhad to discontinue the joint venture reflects t
Shearwater Delivers Eastern Mediterranean Data to Edison
Shearwater GeoServices has delivered a 3D Fast Track Pre-Stack Depth Migration (PreSDM) product for Edison International, following the acquisition of a high quality 3D SHarp broadband dataset in the Eastern Mediterranean. Simon Telfer, VP Processing and Imaging of Shearwater, said: “Edison required
Solstad Farstad Secures Two Contract Extensions
Solstad Farstad has agreed contract extensions for two of its vessels. The first extension is for the construction support vessel (CSV) Normand Pacific with Prysmian Powerlink, the Prysmian Group’s company responsible for the development of the “turnkey” submarine cable systems. The contract has bee
Fugro’s CEO to Step Down
Fugro has informed that its current CEO, Paul van Riel, will retire on April 26, 2018. The supervisory board of Fugro has decided to nominate Øystein Løseth for the appointment as a member of the board of management and subsequently as CEO. If Løseth is appointed, he will join the board of managemen
Tekmar Energy Gets API Certification
Tekmar Energy has achieved independent approval for the design and manufacture of its PU bend restrictors for compliance to the American Petroleum Institute’s (API) specification for flexible pipe ancillary equipment. The verification comes after undergoing a 2-year certification program with Lloyds
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 09. – October 15). Baker Hughes, a GE company, reportedly held talks with the London-based offshore engineering, construction and services player Subsea 7 about a possible acquisition. Accordi
Marine Power Systems Enters New Phase of WaveSub Trials
Marine Power Systems (MPS), a wave power technology development company based in Wales, UK, said it will unveil its quarter-scale, prototype WaveSub wave energy generator, marking its move to a new, sea-based phase of its development. Designed to operate around 10 kilometers from shore, the WaveSub
Subsea UK: Last Call for 2018 Awards Nominations
Industry body, Subsea UK has issued a final call for entries ahead of its 2018 business awards. The awards recognise companies and individuals who are leading the way in Britain’s £9-billion subsea sector. Entries are being sought for the subsea company of the year (large and small), the most promis
MDL Delivers Its Biggest Reel Drive System to Oceaneering
Oceaneering has taken delivery of an 800-tonne SWL (safe working load) reel drive system from Maritime Developments (MDL). The modular system will be used to deploy and retrieve SURF products (subsea umbilicals, risers and flowlines) on board the company’s new-built multi-service vessel, Ocean Evolu
Offshore Energy Exhibition & Conference 2017 – Celebrating 10 Years of Offshore Energy
Offshore Energy Exhibition & Conference brought together over 550 exhibitors and 12,145 visitors in halls 1, 2 & 5 of Amsterdam RAI. While the number of exhibitors slightly decreased compared to 2016, the visitor number increased. The conference attracted over 1,300 delegates who attended 20 session
RED Engineering Monitoring Tech for Beatrice Jackets Installation
RED Engineering has developed new monitoring technology to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Beatrice Offshore Wind Farm project in the Moray Firth, Scotland. The development by the North East-based firm of engineers features re
Benbecula Subsea Services Buys Lift-Rite Group
Ryecroft Glenton Corporate Finance and Square One Law have advised on the sale of Lift-Rite Group to Benbecula Subsea Services, a business led by Ally MacDonald, former CEO of Wellstream and MD of Technip Umbilicals and current chairman of Tekmar Energy. Lift-Rite Group, which is based in Wallsend,
OEEC: Video Highlights of Day 2
Here are some of the highlights of the final event day at the Offshore Energy Exhibition & Conference 2017 held at Amsterdam RAI on October 11. The event, celebrating its 10-year anniversary, focused on the theme “transformation through collaboration”. The day 2 of the event has seen some inspiring
Global Marine to Take Over Fugro’s Trenching and Cable Laying Division
Global Marine Group (GMG) has entered into an agreement to acquire Fugro’s trenching and cable lay services business. The purchase consideration, valued at approximately $73 million, consists of the issuance to a subsidiary of Fugro of a 23.6% equity interest in Global Marine Holdings, valued at US$