Subsea
Solstad Financing Approved, Strikes Deal for Normand Maximus
Oslo-listed vessel owner Solstad informed today that banks have approved its financing plan on terms satisfactory to Norwegian industrial investment company Aker. Namely, Aker will inject NOK 250 million in new equity and provide NOK 250 million in the form of a subordinated convertible bond, with m
Gazprom Gets Go-Ahead for TurkStream Pipeline Survey
Gazprom has received a survey permit for two strings of the TurkStream gas pipeline’s offshore section in Turkey’s territorial waters. The TurkStream gas pipeline will run 660 kilometers along the old route of South Stream and cover 250 kilometers of a new route toward the European part of Turkey. “
Global Marine Bolsters Portland Facility with New Power Cable Carousel
Global Marine Systems has extended its capabilities with the installation of a power cable carousel to store and manage power cables at its Portland Port depot on the south coast of England. The company said one OFTO (Offshore Transmission Owner) client is already utilising the facility’s new capabi
Allspeeds Builds ROV Cut Loop Cutter for BOPs
Allspeeds, the designers and manufacturers of Webtool, has released an ROV cut loop cutter for emergency activation of a blow out preventer (BOP). It is used to sever the cutting loop to activate the BOP in the event other measures have failed. Subsea intervention involves the use of remotely operat
UK Universities Launch Decommissioning Masters Degree
University of Aberdeen in partnership with Robert Gordon University (RGU) has launched UK’s first Masters degree in decommissioning oil rigs and platforms. Both universities are developing a suite of joint Masters degrees, and the new programme that will focus on the key aspects associated with deco
Unexploded German Bomb Discovered in Portsmouth Harbour
A barge carrying out dredging works discovered an unexploded World War Two bomb on the seabed of the Portsmouth Harbour on Thursday. The barge was preparing seabed for the arrival of the Navy’s new 65,000-tonne aircraft carrier HMS Queen Elizabeth next spring. Royal Navy bomb disposal experts towed
Seaeye Leopard Arrives at ROVOP’s Houston Base
ROVOP has expanded its fleet of remotely operated vehicles (ROVs) for the US region. Namely, the company said it has taken delivery of Seaeye Leopard electric work class ROV, the first of its kind for the Gulf of Mexico (GoM), and believed it could help operators reduce costs by 40 percent. The ROV
Prysmian Presents Its Latest HVDC Innovation
Prysmian said it is set to launch a new breakthrough cable technology for the development of power transmission grids that should ensure higher electrical performances, lower costs and better environmental sustainability. The company said it has successfully developed and tested its new P-Laser 600
Maersk Oil Begins Culzean Drilling
Danish company Maersk Oil has started drilling of the first production well on the Culzean field off UK on Wednesday, September 29. The well is the first of six production wells to be drilled on the high pressure/high temperature (HPHT) field, with continuous drilling activity planned over the next
Ecosse Subsea Bags Carousel Order
Ecosse Subsea Systems (ESS) has been awarded a £3 million contract by an international infrastructure group to design and build a 1500-ton carousel and associated spread. The carousel will be used for the storage of spare cables required for UK offshore wind farm projects. The carousel will have the
Siem Offshore Contractors Selects JDR for Beatrice Inner Array Cables
Siem Offshore Contractors (SOC) has selected UK based JDR to design, manufacture and supply around 163km of 33kV inner array grid cables for the 588 MW Beatrice offshore wind farm. JDR will be manufacturing the submarine composite cables at its Hartlepool facility. These will be directly loaded out
MacGregor Buys Majority Stake in Flintstone Technology
MacGregor, part of Cargotec, has acquired 51% of shares of the privately owned company Flintstone Technology Ltd. Flintstone specializes in technology and products within the mooring and fluid handling business. “Offshore operators and field owners are looking for cost and weight optimized technolog
Technip to Lay Off All Employees at Pori (Finland)
Technip Offshore Finland is reportedly sending home its entire workforce employed at construction yard in Pori. The manufacturing yard in Finland, lately responsible for delivery of a 23,000-ton truss spar hull for Anadarko’s Heidelberg field development in the US Gulf of Mexico, has experienced a s
UK Subsea Businesses to Discuss Market Challenges
Subsea supply chain businesses in the south-west of England will be joining forces to identify opportunities and debate the challenges facing the sector at an industry networking event organised by Subsea UK. The session on October 12, will be held at the National Composites Centre (NCC), and will f