Subsea
Trelleborg to Set Up New Production Line for Subsea Market Materials
Trelleborg’s offshore operation in Norway is expanding its production capability with a new manufacturing line. The addition will complement its current range of thermal insulation materials by adding fusion bonded epoxy (FBE) powder coating and polypropylene (PP) to its portfolio. Hans Leo Hals, ma
Olympic Ship Writes Down Fleet Value
Norwegian provider of subsea and offshore construction vessels, Olympic Ship, has seen red at the end of second quarter of 2016 on fleet write-downs and revenue drop of some 31 percent when compared to the prior-year quarter. The company reported second-quarter 2016 consolidated net revenues of NOK
CGG, Lundin Present New Solution for Seismic Acquisition
CGG has launched its latest offshore broadband seismic technology, the so-called TopSeis, specifically designed to overcome the intrinsic lack of near offsets inherent in 3D towed-streamer seismic. According to CGG, the lack of near offsets leads to an inability to image shallow geological features,
Norwegian Offshore Developments See $14.5 Bln Cost Drop
The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40 per cent since the autumn of 2014, according to the Norwegian Petroleum Directorate’s (NPD’s) analysis of eight planned developments that are approaching start-up. The decline is a result of a comb
Power Failure Shuts Down Goliat
Eni Norge informed that production from the Goliat FPSO was stopped following a power outage on Friday evening, August 26. The Goliat is located in production licence 229, 85 kilometers northwest of Hammerfest in the Barents Sea offshore Norway. The field, which started production in March this year
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 22 – August 28). Allseas’ single-lift installation / decommissioning and pipelay vessel “Pioneering Spirit” has executed its maiden heavy lift project. The Project involved removal ofthe 13,500
Caithness-Moray Project to Award $850M to UK Firms
A study of the economic contribution made by the Caithness-Moray transmission project has found that it is supporting the equivalent of over 10,000 years of employment in the UK, around half of which are in Scotland. Economic modelling included within a report found that: Of the £1.1 billion total i
Solstad Posts Quarterly Profit Drop
Oslo-listed Solstad Offshore, has recorded a profit of NOK 171.2 million ($20.8 million) for the second quarter of 2016, a decrease from NOK 218.3 million ($26.5 million) from the prior-year comparable period, mainly on fleet-related impairments. Namely, the Norwegian vessel owner who entered into a
EMGS in New Barents Sea Shoot
Electromagnetic Geoservices (EMGS) said it has entered into a data licensing agreement with an undisclosed repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea. According to the Oslo-listed company, the pre-funding amounts to USD 1 million. This new acquisition is expe
Kongsberg Maritime Revenues Slip on Offshore Division Slowdown
Kongsberg Maritime (KM) has reported operating revenues for the second quarter 2016 of NOK 2.36 billion ($287 million) against NOK 2.5 billion ($305 million) same time last year. The EBITDA margin was 10 per cent, and was adversely influenced by NOK 5 million related to restructuring costs in offsho
Hunting Scores Licence Deal for Interventek’s Well Intervention Valve
Interventek Subsea Engineering has awarded a sole license for its new surface well intervention valve to international energy services specialist, Hunting. The product will join Hunting’s pressure control equipment portfolio and will be called the Ezi-Shear Seal. According to Interventek, the valve
Ashtead Expands Rental Portfolio with iXblue Tech
Ashtead Technology has expanded its equipment rental pool following an investment in a subsea navigation system iXblue RAMSES. The iXblue RAMSES is an acoustic synthetic baseline positioning tool with real-time underwater navigation. According to Ashtead, when coupled with iXBlue inertial navigation
ABB Strengthens UK Marine Business with New Appointments
ABB has appointed Philip Lawson as the UK business leader for marine and ports based out of its Aberdeen office. Lawson has sales and operations experience in the oil and gas industry having spent over 15 years as a field service manager with other blue chip organisations throughout Europe. Commenti
NRC to Support EMSA in North Sea Oil Spill Response
NRC has launched a new oil spill response equipment assistance service for the European Maritime Safety Agency (EMSA) in Oldmeldrum, near Aberdeen, Scotland. Under this deal, awarded to NRC subsidiary Sureclean, NRC will be responsible for maintaining and storing EMSA’s equipment and ensuring its re