Subsea
Proserv Introduces New Subsea Sampling Solution
Proserv has launched a new subsea sampling cylinder that can improve the quality of results and reduce risks associated with sample transfer. The Proserv subsea sampling cylinder (SSC) accurately captures well properties throughout the lifetime of a field, the company explained. Subsea cylinders all
Siem Offshore Contractors Hires NSW for Trianel Windpark Borkum II Cables
Norddeutsche Seekabelwerke (NSW) has been awarded a contract by Siem Offshore Contractors (SOC) for planning, producing and delivering of the inner-array cable for the Trianel Windpark Borkum (Phase II). The contract between NSW and SOC was signed in Leer, Germany in January this year. The order inc
Plexus Nets New Order from Nexen
Plexus Holdings has been awarded a well order from Nexen Petroleum UK (Nexen) for the Glengorm exploration well in the Central North Sea. Under the terms of the contract, Plexus will supply Nexen with its POS-GRIP wellhead and Tersus mudline equipment. Nexen has selected Plexus’ high pressure/high t
Subsea 7 Books $418 Million Profit in 2016
Oslo-listed Subsea 7 has substantially narrowed its loss, compared to the prior-year quarter, and bounced back in black on an annual basis, after implementation of cost reduction measures in order to adjust to current offshore oil & gas market. To remind, Subsea 7 has since the start of 2014 reduced
EMAS-AMC Norway Set for Liquidation
Emas Chiyoda Subsea has placed its Norway based wholly owned subsea subsidiary, EMAS-AMC AS under members’ voluntary liquidation in Norway. This announcement is made separately to the company’s previous announcement to seek financial restructuring through chapter 11 of U.S. Bankruptcy Code, and ECS
ABB Wraps Up Sale of Cable Business to NKT
ABB has completed the divestment of its high-voltage cables and cable accessories businesses to NKT Cables. The divestment was announced in September 2016. As part of the strategic partnership, ABB and NKT Cables will work together on future project opportunities and R&D. “We are pleased to close th
DEME to Boost Installation Capacity with New Vessel Order
DEME has ordered an offshore installation vessel ‘Orion’ at COSCO in China, set for delivery in 2019. The ‘Orion’ will be deployed by DEME’s subsidiary GeoSea for the construction of the offshore wind farms, to service the oil and gas industry and for decommissioning of offshore installations. With
Boskalis Gives Up on Fugro
The Dutch dredging and marine specialist Boskalis has sold all of its remaining share in Fugro. Boskalis started divesting its holding in the Dutch provider of geotechnical, survey, subsea and geosciences services in December last year. In the last two years, Boskalis had gradually increased its sta
Dril-Quip Axes Jobs as Profits Dip
Dril-Quip has generated net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015. Total revenues were $106.1 million during the quarter ended December 31, 2016
PSA Releases Diving Activity Report for 2016
Petroleum Safety Authority (PSA) Norway has released a report on diving in 2016. There were no personal-injury incidents reported in 2016, but one near-miss during saturation diving in connection with petroleum activities. The results that are presented in the report are from the DSYS diving databas
Emas Chiyoda Subsea in Bankruptcy Filing
Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the company’s financial and operational restructuring. In connection with the filing, ECS has received a commitment on an up to US$90 million financing facility from
Eidesvik Sinks Deeper into Red
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by close to 40 percent in the weak market. In the fourth quarter 2016, Eidesvik generated revenues of NOK 209 million. Revenues in the corresponding period in 2015 wer
Forum Delivers Mojave ROV to ESEA Submarine
Forum Energy Technologies has delivered a remotely operated vehicle (ROV) to ESEA Submarine to perform a variety of offshore roles, including inspection, survey and salvage work. The Sub-Atlantic Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine. In addition, the Mojave will p
EU Commission Nods NKT’s Acquisition of ABB’s Business Units
The European Commission has cleared the proposed acquisition of ABB’s high voltage cable business and power cable accessories business by NKT. NKT announced its intention to acquire ABB’s businesses in September 2016, for a total enterprise value of EUR 836 million (USD 934 million). The Commission