Subsea
IOG Submits Blythe Field Development Plan
Independent Oil and Gas (IOG) has submitted the Blythe Field Development Plan (FDP) to the Oil and Gas Authority (OGA). The Blythe gas field, which is 100% owned and operated by IOG, is located in the Southern North Sea close to existing infrastructure and other IOG-owned licences. It contains indep
Allseas Grabs Nord Stream 2 Pipelay Job
Nord Stream 2 AG and Allseas have signed a letter of intent covering the offshore pipelay capacities for the Nord Stream 2 Pipeline through the Baltic Sea. The Letter of Intent ensures that Allseas will undertake offshore pipelay works for the first line and also provides the option to book capaciti
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 05– December 11). Subsea Integration Alliance between OneSubsea, a Schlumberger company, and Subsea 7 has secured a contract from Murphy Oil for engineering, procurement, construction, instal
Solstad, REM Seal Merger
REM Offshore has completed its financial restructuring and merged with Solship, a wholly owned subsidiary of Solstad Offshore. The merger was completed as a statutory triangular merger, whereby Solship is the surviving company. The consummation of the merger between REM and Solship, with considerati
80 Jobs Lost as Olympic Avoids Bankruptcy
Norwegian provider of subsea and offshore construction vessels, Olympic, said on Friday it has obtained support from its key stakeholders for the financial restructuring of the Group. Through implementation of the restructuring, a new pure-play subsea structure will be created and NOK 400 million in
ROVOP Bounces Back from Ceona Blow with Strong Results
ROV service provider, ROVOP, has recorded sales of almost £10 million in the second half of its financial year and EBITDA of £3.5 million for the six months to September 2016, an increase of 14 percent and 27 percent respectively over the same period in 2015. The company has also welcomed 15 new cus
4Subsea Develops Automated Integrity Testing of Flexible Risers
4Subsea, a Norwegian technology company specialised in production riser systems and subsea well systems, has launched Portable Annulus Tester (PAT), a product that automates integrity testing of flexible risers. According to the company, PAT is an “Engineer-in-a-box” solution that removes the requir
Kraken Sets Up Subsidiary in Bremen
Kraken Sonar Inc. informed that effective January 1, 2017, its new German subsidiary, Kraken Robotik GmbH (KRG) will start operations at the Bremen Innovation and Technology Centre (BITZ). In addition to customer support, KRG will focus on the development of 3D imaging sensors, machine learning and
Global Marine Clinches Oil Field Communications Deal
UK-based Global Marine Systems has secured a contract from Tampnet to enhance inter oil-field communication networks in the North Sea. The work, which focuses on the installation of a platform to platform fibre optic cable, will be undertaken in 2018 by one of the company’s installation vessels. It
SBM Feels Weak Market Sting as DSCV ‘SBM Installer’ Hurts Its Bottom Line
Dutch company SBM Offshore has lowered its forecast for operating profit (EBITDA) in 2016 as it will recognise a write-down of $30 million on a contract around a diving support and construction vessel (DSCV) SBM Installer. Due to the continuing downturn in the oil industry, the operating profit is n
Allseas Lands TurkStream Job
South Stream Transport B.V. has awarded the Swiss-based Allseas a contract to lay the first line of the TurkStream offshore gas pipeline in the Black Sea, with an option for laying the second line. According to the contract, Allseas is to lay more than 900 km of pipes on the seabed. Allseas will eng
Petrofac Helps to Protect Lincs OWF Cables
Petrofac has completed the provision of risk assessment and engineering support on the two 48 km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system. Following a full assessment of the impact of external risks to the cable, such as fishing and anchor damage in
Magseis Bags ConocoPhillips Deal in North Sea
Norwegian seabed seismic services player, Magseis, has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic survey in the North Sea. The company will be using its proprietary ‘marine autonomous seismic system’ (MASS) for the acquisition. MASS consists of the in-sea cable
WATCH: SOC Executes Nordsee One Inter-Array Cable Project
The video above shows inter-array cables installation project by Siem Offshore Contractors on the Nordsee One offshore wind farm in the German Bight of the North Sea. SOC installed approximately 70 kilometres of inter-array grid cables on the Nordsee One OWF between June and August 2016. All 59 cabl