Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 20– November 27). Subsea contractor DeepOcean has a new majority owner in the company. Funds advised by a private equity investment firm, Triton, will become the largest shareholder and shoul
Seaway Gets Trianel Windpark Borkum II Foundations EPCI Project
Seaway Heavy Lifting has been awarded a contract for engineering, procurement, construction and installation (EPCI) of the turbine foundations for the Trianel Windpark Borkum II wind farm on the German continental shelf. According to the company, the award is still subject to financial close of the
DONG Contracts EEW SPC for Hornsea One Monopiles Job
Rostock-based company EEW Special Pipe Constructions has been awarded an order from the Danish energy company DONG Energy to manufacture 116 monopiles for the 1.2 GW offshore wind park Hornsea Project 1. The contract signing took place in Rostock on November, 21. “Due to the scale of the project, Ho
Ithaca Energy Delays Stella Start-Up
Ithaca Energy notified that the production start-up from the Stella field in the UK North Sea has been delayed due to faults discovered on electrical junction boxes on FPF-1 vessel’s processing facilities. The faults were discovered during the routine inspections, and a programme of necessary repair
Lamprell Lands $225 Mln East Anglia One OWF Deal
Lamprell has received a new contract award from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One offshore wind farm. The East Anglia One project is located in the UK waters of the southern North Sea. It is a large-scale project which will utilise 102
Tekmar to Protect Merkur OWF Cables
Tekmar Energy has recently been awarded a contract with Tideway B.V to supply 150 of its patented TekLink cable protection systems (CPS) on the Merkur offshore wind farm project in Germany. Tekmar’s new production facility in the North East of England will supply the CPS and manufacturing is expecte
Hydrasun Builds Specialist Subsea Intervention Line
Aberdeen-based Hydrasun has developed a load bearing flexible hose solution for subsea applications. A 2-inch lightweight flexible service intervention line, called the ‘Interventor’ was designed to both deploy the subsea chemical dispersant manifold to depth, and to deliver the dispersants from the
University Students Test DP Algorithms Onboard RV Gunnerus
Students and researchers from the Norwegian University of Science and Technology (NTNU) were given the opportunity to test their Dynamic Positioning (DP) algorithms in a full-scale setting. The trials took place in the Trondheimsfjord aboard the RV ‘Gunnerus’, the NTNU-owned research and education v
Siem Strikes Binding Deal for Controlling Interest in Farstad
Farstad and Siem Oilservice Invest Holdings have signed a binding term sheet for a restructuring of Farstad. Namely, Farstad will issue a minimum of 702 000 000 ordinary shares (new shares) for a total subscription of minimum NOK 1 billion at a price per share of approximately NOK 1.4245. Siem will
Farstad Names New Head of Australian Division
Norwegian shipowner Farstad Shipping has appointed Brett Silich as the new managing director of its Australian organisation. This follows Farstad’s plans to consolidate the Australian offices and locating the head office to Perth. Silich will replace Wayne Aitken, who has headed local Farstad Shippi
TechnipFMC Wins EU Nod, Nominates Board Members
FMC Technologies and Technip have received a clearance decision from the European Commission under Council Regulation for the proposed combination of the two companies into TechnipFMC. Clearance decisions have previously been provided by antitrust authorities in the United States, India, Turkey, Mex
DeepOcean Gets New Majority Owner
Subsea contractor DeepOcean has a new majority owner in the company. Funds advised by a private equity investment firm, Triton, will become the largest shareholder and should, in collaboration with some of the existing shareholders in DeepOcean, support the company’s growth over the coming years. De
Akastor, Mitsui Complete Joint Venture Transaction
Akastor, an oil service investment company, informed that the agreement with Japanese company Mitsui to create a 50/50 joint venture between the two companies has been approved and concluded. The companies signed heads of agreement in September under which they agreed that the joint venture will acq
FSP Secures Development Project Funding
Bergen-based Fjell Subsea Products (FSP) has received 5.2 million Norwegian Kroner in public funding. The project is also sponsored by Shell and is part of a 30 million Norwegian Kroner development project. The grant pertains to ‘Qualification of a Unified and Modularized Flying Lead System’. The pr