Subsea
New Subsea Player Wins Decom Support Gig in Tunisia
The newly merged Underwater Engineering Services (UES) and Seanic Oceans Systems has secured its first contract in Tunisia. As part of the merger between their parent companies ATR Group and Centurion Group last year, the newly formed business of UES Seanic will support Oceana Subsea on a decommissi
In Photos: Subsea Expo 2017 – Day 2
It is day two of the Subsea Expo 12th annual event at the Aberdeen Exhibition and Conference Centre. Here are some of the photo highlights from the exhibition floor Subsea World News took on Thursday. We spoke to several industry players during the event and you will soon be able to read their stori
TGS Returns to Profit
Geophysical contractor TGS has posted fourth-quarter 2016 net profit of $24 million, compared to net loss of $121.5 million in the same period in 2015. This comes down to quarterly earnings per share (fully diluted) of $0.23, against $1.19 loss per share same time last year. For the full year 2016,
TechnipFMC to Work on Energean’s Project Offshore Israel
Energean Oil & Gas has appointed TechnipFMC as the concept and front end engineering design (FEED) contractor for the Karish and Tanin development programme. This follows Energean’s recent decision to develop the fields using a floating production, storage and offloading (FPSO) unit to facilitate th
AIS Preps DeepOcean for Upcoming Offshore Wind Projects
AIS Training has secured a contract with offshore cable installation contractor, DeepOcean to upskill its workers as the company prepares to deliver several new contract wins. The scope of the contract will see AIS train up to 100 of DeepOcean’s workers in mandatory global wind qualifications at its
Ithaca Hires Peterson Logistics Services for Harrier Development
Energy logistics provider Peterson has been awarded a contract to provide integrated logistics for Ithaca Energy UK. The contract, Peterson’s first with Ithaca, will be in support of the Harrier field development, which is part of the Ithaca operated Greater Stella Area, located in the heart of the
Geoex Counters Spectrum in MCG Bid War
Geophysical and geological services company Geoex has decided to increase its offer for all outstanding shares of MultiClient Geophysical (MCG) to NOK 1.40 per share. The new offer valuates the total share capital of MCG at approximately NOK 130.0 million. The initial offer made by Geoex was NOK 1.2
Plexus Inks Shell Extension
Plexus said it will continue to supply wellhead and mudline equipment to Brunei Shell Petroleum for additional two years. The contract extension covers the supply of both Plexus’ High Pressure/High Temperature (HPHT) and standard pressured Wellhead and Mudline systems and services. Today’s contract
In Photos: Subsea Expo 2017 – Day 1
The 12th annual conference and exhibition, Subsea Expo, has launched with more than 5000 delegates and around 150 exhibitors expected from all over the world. Organised by the industry body – Subsea UK – the event is taking place at the Aberdeen Exhibition and Conference Centre from 1-3 February 201
Plexus in Revenue Warning, But Eyes Recovery
Plexus Holdings, oil and gas engineering services business, has noted that its revenue for the current financial year, ending 30 June 2017, is currently running materially behind expectations. The company is said to be in negotiations for the conclusion of several new contracts which if they fall wi
Namaka Subsea Scores UK North Sea Deal
Namaka Subsea, an Aberdeen based subsea consulting company, has secured a 5-year contract with an undisclosed UK North Sea operator to act as their diving technical authority. This scope of work outlines the requirement for Namaka Subsea to provide diving technical authority, dive assurance and dive
Genesis Scoops BP FEED Award
Engineering company Genesis has been awarded two frame agreement contracts by BP covering work in the Conceptual, Pre-FEED and FEED stages of the project lifecycle. These frame agreement contracts have global reach and ensure that Genesis will continue to engage early with BP to support them in thei
Subsea 7 Expands Fleet with Two Newbuild Vessels
Subsea 7, a provider of seabed-to-surface engineering, construction and services, has taken delivery of two newbuild vessels, Seven Arctic and Seven Kestrel. With this delivery, Subsea 7 has completed its fleet investment programme that has added six newbuild vessels to the company’s fleet since 201
Reach Subsea Enters Survey Deal for Edda Fonn
Norwegian IMR, ROV, survey construction support and decomissioning services provider, Reach Subsea, has entered into an ROV/survey contract for the vessel Edda Fonn. Reach said in an Oslo Stock Exchange filing on Wednesday that the new contract covers the next 40 days and that it is set to start thi