Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 01 – May 07). A subsea technology spin-off from Norwegian firm Fuglesangs has signed an agreement with Aker BP, Lundin and NOV to develop and test a full scale prototype of what is marketed as ‘th
Energinet.dk Invites Tenders for Pipeline Surveys
Danish transmission system operator Energinet.dk is looking for a contractor to conduct seabed surveys for a new offshore pipeline in the North Sea and for two alternative routes in Lillebælt in the inner Danish Seas. The scope of work along the routes includes geophysical seabed survey, geotechnica
Tendering Starts for Balticconnector Pipeline Work
Baltic Connector Oy and Elering AS have invited tenders to apply for the installation of the Balticconnector pipeline, a bi-directional natural gas pipeline to connect Finland and Estonia. The scope of work includes management, engineering, construction of seabed intervention and offshore pipeline c
All Set for Moyle Interconnector Repair
The vessel Elektron is being mobilised to carry out emergency repair work on the southern Moyle Interconnector power cable in the North Channel between Northern Ireland and Scotland. This work is scheduled to begin on the May 6, 2017, with cable repair work carried out in two campaigns. The first ca
MMT and Reach Subsea Order Another Surveyor Interceptor
Norwegian ROV specialist Kystdesign has been awarded a contract to build another Surveyor Interceptor remotely operated vehicle (SROV) for a joint venture between MMT and Reach Subsea. The Surveyor Interceptor is designed to carry survey instrumentation to perform pipeline inspection, route surveys,
DONG Energy, Technip, Daewoo Settle on Hejre
Following a dispute regarding the termination of the engineering, procurement and construction (EPC) contract for the Hejre platform, DONG Energy and the supplier consortium have entered into a settlement agreement, including the arbitral claims, related to the contract. The supplier consortium cons
SeaBird Swings to Loss
Oslo-listed SeaBird has slipped into the red in the quarter ended March 31, 2017 as revenues fell close to 70 percent on weak market demand. The seismic data provider for oil and gas companies posted loss of around $7.9 million or $2.57 per diluted share for the first quarter of 2017, compared to pr
The Ocean Cleanup Project Secures Major Funding
The Ocean Cleanup, the Dutch foundation developing technologies to rid the oceans of plastic, has raised $21.7 million in donations since last November. This latest funding round brings The Ocean Cleanup’s total funding since 2013 to $31.5 million. This new contribution allows The Ocean Cleanup to i
Vallourec Develops New Drill Pipe Connection
French tubular solutions specialist Vallourec has launched a new drill pipe connection designed to drill in the most challenging environments. The ‘VAM X-Force’ connection was developed to push the limits of the existing technologies to reach deeper, more remote hydrocarbon reservoirs, the company e
NKT Names Its New Cable Layer
NKT has held a naming ceremony for its new cable-laying vessel, the NKT Victoria, at the power cable plant in Karlskrona, Sweden on Thursday. The cable-laying vessel was delivered by Norwegian shipbuilder Kleven to NKT in April. NKT Victoria is capable of laying high-voltage offshore cables with hig
Gassco Takes Over at Polarled Pipeline
Statoil has transferred the operatorship for the Polarled pipeline to Gassco. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget. Polarled is the first subsea pipeline crossing the Arctic circle o
Polarcus Books Loss, Improves Q-on-Q
Seismic contractor, Polarcus has posted quarterly loss on 26 percent lower revenues when compared to first-quarter 2016, but said it had managed to narrow its loss sequentially by $59 million. The Oslo-listed company reported net loss for the quarter of $38 million or $0.05 per share, versus profit
Kongsberg to Deliver Integrated System for Atair II Research Vessel
Kongsberg has signed a contract with the Fassmer for the delivery of a technical solution for the German Federal Maritime and Hydrographic Agency (BSH) research vessel Atair II. Atair II will be the first government owned LNG powered research vessel, and the first newbuild to use Kongsberg’s integra
Bourbon Revenues Fall 30% in Q1
Bourbon has seen its revenues decline almost 30 percent year-on-year for the quarter ended March 31, 2017 impacted by lower activity levels in the shallow and deepwater offshore segments. The company said it had stacked up to 102 vessels as of end-March this year, including 76 shallow water vessels