Subsea
Technip Shows Interest in Marine Renewable Energies
French oil services provider Technip has acquired stake in the new industrial player in marine renewable energies established by DCNS and Bpifrance, and also supported by BNP Paribas Development. DCNS Energies, majority owned by DCNS and 36% by the SPI fund of Bpifrance, will devote its activity to
Nexen Submits Ettrick and Blackbird Decom Plan
Oil company Nexen, a subsidiary of CNOOC, has submitted a plan for decommissioning of the Ettrick and Blackbird fields, located in the UK North Sea. Ettrick field, operated by Nexen, has been producing oil and gas through subsea wells tied back to the FPSO Aoka Mizu. Blackbird field was also tied ba
Gondan Delivers New Research Vessel to Norwegian IMR
Spanish Gondan Shipyard has delivered oceanographic research vessel ‘Dr Fridtjof Nansen’ to the Norwegian Institute of Marine Research (IMR). After recently completing the sea trials, the vessel is heading to Bergen, its port of registry. The vessel, of Skipsteknisk ST 369 design, is 74,5 meters lon
Solstad Ships to Work for Dong Energy Wind Power
Solstad Offshore (SOFF) has entered into a contract with Dong Energy Wind Power for hire of the CSV Rem Installer. The contract is for a period of 23 months firm with further 6 months option and an additional CSV from the SOFF fleet, to be nominated at a later stage, for a period of 7 […]
BAS Extends RRS Ernest Shackleton Charter
British Antarctic Survey (BAS) has declared its fourth option with GC Rieber for an extension of the bareboat charter for ‘RRS Ernest Shackleton’. The extension is for one-year, and will be effective from August 2017, GC Rieber informed. RRS Ernest Shackleton, built by Kverner Klevin Leirvik, was la
ESS Enjoys Early Renewables Shift
Subsea and engineering technology company, Ecosse Subsea Systems (ESS), said it had benefited as an ‘early adopter’ as it moved from its traditional focus in oil and gas in to the renewables and interconnector markets. Banchory-based ESS forecast turnover in the current financial year will double to
Allspeeds to Showcase New Cable Retrieval Tool at Subsea Expo
Allspeeds informed that it will introduce its latest developments in cable gripper and retrieval tools, and electrically operated subsea cutters, at Subsea Expo 2017. Reportedly, the new Webtool cable gripper allows the safe and controlled recovery of damaged power and telecoms cable up to 8” diamet
Expro Boosts Well Abandonment Services Management
Oilfield services provider, Expro, has strengthened its well abandonment services with the appointment of senior project manager, Bill Inglis. Expro launched four new business capabilities last year, including well abandonment services encompassing; late-life reservoir management, permanent reservoi
Acteon Buys Bruce Anchor
Subsea services group Acteon has acquired Bruce Anchor to enhance its capabilities in the provision of temporary and permanent mooring systems. Bruce Anchor will retain its independence within the Acteon portfolio. Bruce Anchor’s director of Sales, Steve Broadbent, will manage the business, reportin
CGG Looks to Restructure Debt as ‘Very Difficult Market’ Bites
French seismic survey specialist, CGG, said on Thursday it intends to start discussions with all the stakeholders in order to achieve a financial restructuring. As CGG considers its debt level to be too high, the objective of this restructuring would be to provide the company with a level of indebte
Forum Delivers 350th RT Torque Machine to TAM International
Forum Energy Technologies has delivered its 350th rotational torque (RT) machine to TAM International. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in Aberdeen, UK. This represents the sixth unit that TAM has purchased from Forum in three
Siem Backs Out of Farstad Rescue Deal
Farstad Shipping and Siem Oil Service Invest (SOSI) informed that the companies have not succeeded in finding a solution for the restructuring of Farstad which is acceptable to all affected creditors. Farstad has for a period of time negotiated with its key creditors to obtain a financial restructur
EMGS’ Vessel Utilization Increases
Norwegian geophysical services company, EMGS, has seen increased vessel utilization in the fourth quarter of 2016, compared to the corresponding period in 2015. Vessel utilization for the fourth quarter 2016 came in at 89% compared with 21% for the fourth quarter in 2015. For the full year 2016, the
Schlumberger Adds Peak Well Systems
Schlumberger has acquired Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention should, according to Schlumberge