Subsea
Forum Takes Over Global Tubing, Gets Quantum as Major Shareholder
Forum Energy Technologies has signed a definitive agreement to acquire the membership interests in Global Tubing from its joint venture partner Quantum Energy Partners. As part of the transaction, Forum will also acquire management’s interest in the joint venture and repay Global Tubing‘s net debt.
Kraken Project Aims to Reduce IRM Costs
A new European project named Kraken has started. The project received €350.000 through financing of OCEANERANET (Ocean Energy European Research Area Network) and gathers four partners of three different countries: WavEC Offshore Renewables and Instituto Super Técnico (Portugal), SIANI (Canary Island
Nexans to Add New Cable-Laying Vessel to Its Fleet
Nexans informed that it has started the construction of a new cable-laying vessel for submarine HV cable systems installation. “The construction of this new cable-laying vessel is a fundamental milestone in our commitment to cleaner energy,“ said Arnaud Poupart-Lafarge, Nexans CEO. “For many decades
PGS Gets New President & CEO
Norwegian seismic player Petroleum Geo-Services (PGS) has appointed Rune Olav Pedersen as the new president & CEO of the company. He will succeed Jon Erik Reinhardsen on September 1, 2017. “The Board has run a thorough succession process since early spring, and assessed a number of very qualified No
BW Catcher FPSO Sails Away to North Sea
BW Offshore informed that the FPSO BW Catcher has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon the arrival, BW Catch
Crown Estate Scotland Makes Offshore Data Available to Public
Crown Estate Scotland now has spatial data relating to the organisation’s offshore assets freely available on its website for the first time. The data covers infrastructure projects and undersea cabling and can be used by a range of organisations from oil and gas companies to consultancies and educa
Royal Navy Unveils New Futuristic Submarine Concepts
The Royal Navy has unveiled a number of futuristic submarine concepts, looking forward to well beyond 2050 to mark the 100th anniversary of the launch of the USS Nautilus, the world’s first nuclear powered submarine. The Royal Navy’s submarine service, often known as the ‘silent service,’ challenged
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 21 – August 27). Total is set to acquire Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, for $7.45 billion in a share and debt transaction. Under the agreed terms, A.P. Møll
Glomar Offshore Completes Its First Project for Briggs Marine
Glomar Offshore has completed its first project for Briggs Marine & Environmental Services using the ‘Glomar Wave’ multi-purpose DP2 subsea support vessel. The project, mobilizing from the Fairlie Quay, near Glasgow, involved inspection of submarine electricity cables. These cables provide a reliabl
Beatrice OWF Jackets Installation Moves Forward
Heavy lift vessel Oleg Strashnov has completed the installation of the sixth jacket foundation, out of 86 total, for the Beatrice offshore wind farm. The Strashnov will complete the installation of the first phase of jackets over the coming months, Beatrice Offshore Windfarm Ltd (BOWL) said in a pre
i3 Finalizes Site Surveys for Liberator Field Development
i3 Energy has completed all site survey and pipeline route sampling operations at its 100% operated and owned Liberator field in the North Sea. The MV Poseidon, operated by MG3, conducted site surveys across two areas close to the Liberator field, identified by i3 as development drill centres for ex
MacArtney Nets Oceanographic Instruments Order from University of Bergen
MacArtney has secured an order for LISST instruments from University of Bergen, Norway. LISST instruments are manufactured by Seattle based oceanographic instrument manufacturer, Sequoia Scientific, and used for environmental monitoring, industrial, and scientific application. The order placed by Un
Deep C Adds New Member to Its Management Team
Deep C has appointed Simon James as chief commercial officer with additional duties as managing director for the UK business. James joins Deep C Group with more than 25 years’ experience in the subsea oil & gas and renewables sectors, having held senior and executive positions in both operators and
PSA Inspects Teekay’s Management of Petrojarl Knarr
Petroleum Safety Authority (PSA) Norway has carried out an audit of Teekay Petrojarl Production AS (Teekay) and its management of maintenance of Petrojarl Knarr. Knarr is an oil field in the northern sector of the North Sea, around 50 kilometers north-east of Snorre. Knarr has been developed using a