Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 10 – October 16). DEA has awarded the EPCI (engineering, procurement, construction and installation) contract for the smaller structures and pipelines, as well as the subsea installation work
Prysmian Bags Rentel OWF Cable Deal
Prysmian Group has been awarded a contract, worth up to EUR 13 million, by Tideway B.V. for the Rentel offshore wind farm project. The Rentel wind farm is located approximately 34 km from the Port of Zeebrugge and approximately 40 km from Oostende off the Belgian coast. It will consist of 42 Siemens
IHC Cuts 425 More Jobs
Royal IHC has informed that, due to persistently poor market conditions, it will be making additional capacity adjustments, which will have an impact on around 425 employees in The Netherlands. The company said it will hold staff meetings at all locations today where the management will provide staf
ISIF Invests $25M in Aqua Comms
Aqua Comms, the operator of Ireland’s first dedicated subsea fibre-optic network interconnecting New York, Dublin and London, has secured an investment of $25 million in equity capital from the Ireland Strategic Investment Fund (ISIF). Aqua Comms said it will use the funds to further accelerate cust
UK’s Marine Robots Mission Complete
A fleet of ten marine robots has completed two-week mission off northwest Scotland. The mission comprised the largest simultaneous deployment of marine robots in UK waters, with seven submarine gliders and three surface Wave Gliders operating in waters around the Outer Hebrides, National Oceanograph
Vard Aquires Aquaculture Equipment Suplier
Vard, a designer and shipbuilder of specialized vessels, has entered into an agreement to acquire Storvik Aqua, equipment provider to the aquaculture industry. The purchase price is approximately NOK 35 million or some $4.3 million. Headquartered in Sunndalsøra, Norway, Storvik Aqua has a production
TE SubCom Launches Ocean Spectrum Bandwidth Manager Software
TE SubCom has released Ocean Spectrum bandwidth manager software, which should in conjunction with TE SubCom’s Ocean Gateway products, enable cable operators to select their preferred submarine line terminating equipment (SLTE) line card supplier and create an interoperable and complementary dry and
Eidesvik and CGG Scrap Viking Vision Contract
Norwegian vessel owner Eidesvik and French seismic player CGG have agreed to terminate the contract for Viking Vision seismic vessel. The contract termination has an immediate effect despite its due term at end July 2017. Nevertheless, the Oslo-listed Eidesvik confirmed that payment of the charter r
MMT Welcomes New UK Sales Manager
MMT has appointed Phil Wilson as UK sales manager based in the Banbury office. Phil will work to strengthen and grow MMT’s position in the UK. Phil joins MMT from Baker Hughes, where he was responsible for business development and sales of geomechanics and reservoir consulting services. Stefan Elias
Motive to Build Carousel Loading Tower for Swan Hunter
Swan Hunter has awarded Motive Offshore Group a Letter of Intent (LoI) for the design and build of a basket carousel loading tower. Swan Hunter expects its modular basket carousel and tower lay spread to be available for cable, umbilical and flexible pipeline installations for the 2017 summer season
Lloyd’s Register Wins Maersk Oil Asset Integrity Job
Maersk Oil has awarded a long-term contract to Lloyd’s Register for asset integrity services to support the development of Maersk Oil’s offshore operations. Lloyd’s Register will provide support in areas of operational risk – change management, contractor management, inspection plans and reporting,
GC Rieber and Rasmussengruppen to Launch New Seismic Player
GC Rieber Shipping has signed an agreement with Rasmussengruppen to establish a new, jointly-owned marine geophysical company called Shearwater GeoServices. Starting out with a fleet of four seismic vessels, Shearwater GeoServices will become an integrated provider of marine geophysical services to
Statoil Reports Gas Poisoning at Sture Terminal
Norwegian oil & gas major Statoil informed that yesterday, October 12, at 4:05 pm notice was given of a workplace accident at the Sture terminal in Hordaland. Namely, five people were sent to Haukeland Hospital after having been exposed to H2S gas (hydrogen sulfide). The five people were exposed to
AGR Well Management Division in Norway Gets New Boss
AGR has appointed Tore Øian to lead the company’s well management business in Norway. Øian has over 20 years experience in the oil and gas industry and has managed drilling projects for operators including Statoil and Det norske. Svein Sollund, AGR’s chief executive, said: “We have been providing we