Subsea
PGS Sees Drop in Contract Seismic, But Boosts Multiclient Activity
Norwegian seismic player, Petroleum Geo-Services (PGS), has released vessel activity report for the third quarter of 2018. In the Q3, the vessel utilization on the contracted basis has seen a drop to 19 percent compared to 28 percent in the corresponding period in 2017. On the multi-client seismic b
Solstad Farstad Changes Name to Solstad Offshore
Solstad Farstad has changed its name to Solstad Offshore ASA on Monday. The name change of the company, jointly formed by Solstad Offshore, Farstad Shipping and Deep Sea Supply last year, was announced through social media. When established, Solstad Farstad had a fleet of 152 OSVs. As per February 2
Subsea 7, OneSubsea Partnership Clinches New GoM Deal
Subsea 7 has secured the award of a sizeable contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company. According to Subsea 7, a sizeable contract is defined as being between USD 50 million and USD 150 million. The award
Second Tech X Pioneer Programme Open for Applications
Oil & Gas Technology Centre has launched TechX Pioneers programme for the second year in a row. The accelerator and incubator programme backed by more than 120 industry partners and mentors, will support a select group of start-up technology developers to take their solutions to the oil and gas mark
Rotech Subsea Delivers Two Jobs in Vietnam
Subsea excavation specialist Rotech Subsea has completed two scopes of work in Vietnam for an undisclosed offshore energy contractors. The Aberdeen-based contractor put its TRS2 controlled flow excavation (CFE) tool to work offshore Vietnam on a freespan correction scope before a follow-on contract
i-Tech Boosts Inspection Fleet with Mini ROVs
i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments. According to i-Tech, the mini ROVs are quick to deploy and can be transported easily to site vi
NKT Delivers Rentel Offshore Wind Farm Cable System in Belgium
NKT has commissioned the 220 kV AC high-voltage cable system connecting the 309 MW Rentel wind farm to the Belgian shore. NKT has designed, manufactured and installed the 40-kilometer extruded three-core 220 kV XLPE HVAC (alternating current) submarine cable system. The installation was finalized in
Neptune Energy Finalizes VNG Norge Acquisition
Neptune Energy has completed the acquisition of VNG Norge, announced on June 28, 2018. The transaction adds three producing fields, two development projects and 42 licences to Neptune Energy’s existing portfolio. The VNG Norge asset base is complementary to Neptune Energy’s existing Norwegian portfo
GAC UK Opens New Office in Port of Dundee
GAC UK has opened new office in the Dundee harbour to better respond to the growing needs of its offshore and renewables client base in Scotland and beyond. Adrian Henry, GAC UK’s general manager – Oil, Gas & Renewables, said: “The addition of a quayside facility in the Port of Dundee to our already
Optime Subsea to Support ABB’s Joint Industry Project
Optime Subsea has been selected to deliver a new subsea power control module to ABB, for its Joint Industry Project (JIP) started in 2013 with three oil companies . The $150 million JIP, with ABB, Chevron, Total and Equinor, aims to develop transmission, distribution and power conversion systems for
Ardmore Craig Moves to New Office
Ardmore Craig, the North East-based engineering firm, has now settled into its new office in The Beehive at Lingfield Point, Darlington, UK. Andy Stevenson, director at Ardmore Craig said: “It’s been a really successful year for Ardmore Craig and following a period of expansion, it was the right tim
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 24 – September 30). https://subseaworldnews.com/2018/09/26/aker-solutions-technipfmc-to-support-equinor-in-subsea-sector/ https://subseaworldnews.com/2018/09/25/fugro-names-new-ceo/ https://
EMGS CEO Steps Down
EMGS informed that Christiaan Vermeijden has decided to resign from his position as chief executive officer due to personal reasons. Vermeijden, who held the CEO position since February 2016, will step down as per December 31, 2018. Eystein Eriksrud, chairman of the board of directors said: “We regr
Wintershall Gets Nod for Nova Development
Norwegian Ministry of Petroleum and Energy has approved plans for the development and operation of the Wintershall’s Nova field. Wintershall and its partners will invest close to NOK 10 billion in the development project. Recoverable reserves on the field are estimated around 80 million barrels of o