Subsea
PJ Valves Bags Culzean Contract from Maersk Oil
PJ Valves (PJV) has been awarded more than GBP 1m (USD 1.3m) worth of contracts to supply over 1,000 valves to Maersk Oil’s Culzean field in the UK North Sea. PJV will manufacture forged cast gate globe and check valves in super duplex and super alloys for the well head, living and central processin
Fugro Lines Up More Layoffs, Dumps Asia Pacific Subsea Unit
Fugro has revealed additional workforce trimming plans and disposal of its subsea services unit in efforts to align its business to current market conditions and lower activity levels. The Dutch subsea and survey specialist has ended the first six months of 2016 (1H 2016) with a loss or €202 million
Siem Offshore Seals ‘Hugin Explorer’ Deal
Oslo-listed offshore and subsea shipping company, Siem Offshore, has reached an agreement to extend the current charter period for the seismic node vessel “Hugin Explorer”. The extension is for the period of 15 months, which will see the vessel carry on its firm charter up to July 1, 2019. In additi
TGS Books Lower Quarterly Profit, Improves Sequentially
Geophysical contractor TGS has posted second-quarter 2016 net profit of $16.8 million, compared to net profit of $24.5 million in the same period in 2015. This comes down to quarterly earnings per share (fully diluted) of $0.17, down from $0.24 in Q2 2015. For the first six months ended June 30, 201
NOC Names New Director of Science & Technology
The National Oceanography Centre (NOC) has appointed Professor Angela Hatton as its new director of science & technology to succeed Professor Ian Wright who is leaving NOC to take up the position of deputy vice chancellor (research & innovation) at the University of Canterbury in New Zealand. Angela
MPS Completes Scaled Tank Testing of WaveSub
Marine Power Systems (MPS), a Swansea-based company, has recently conducted scaled tank testing of its WaveSub device. The tank scale power-take-off systems have been developed in collaboration with the University of Bath. In addition to validating MPS’ computational simulations, the test programme
Italian Coast Guard Acquires VideoRay ROVs
VideoRay has delivered VideoRay Pro 4 remotely operated vehicles (ROVs) to the Italian Coast Guard, along with sonars and accessories. The ROV manufacturer said the equipment is worth more than 200,000 euros. ROVs will be used for several tasks including underwater police tasks, search and recovery,
Subsea in July
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. Industry majors made the news again last month with new contract awards, including Saipem’s field development project for the Zohr gas field, located off the Egyp
OGA Awards UKCS Surface and Subsurface Study Contracts
The Oil and Gas Authority (OGA) has awarded four contracts with a combined value of more than £6 million over three years for surface and subsurface studies to improve understanding and maximise value by integrating exploration, development, production, late-life planning and decommissioning in the
Bourbon Revenues Drop
Bourbon has posted lower adjusted revenues for the quarter ended June 30, 2016 as low oil price environment keeps dragging utilization and daily rates down. The French vessel owner and offshore services provider generated a total of €284.7 million in second-quarter adjusted revenues, down some 24% f
Saab Seaeye’s Falcon Surveys HMS Hampshire Wreck
Saab Seaeye Falcon ROV operated by Roving Eye Enterprises examined the wreck of HMS Hampshire in a collaborative project that includes the University of the Highlands and Islands Archaeology Institute, with licensed permission from the Ministry of Defence. A secret mission to persuade Tsar Nicholas
SHEPD Seeks Public Comment on Subsea Cables Replacement
Scottish Hydro Electric Power Distribution (SHEPD) is hosting a series of pre-application consultations in Orkney to discuss the replacement of three north isles submarine electricity cables. The cables, which together measure 28 km in length, are approaching the end of their operational life. The a
Diving Equipment Market to Reach $3.2 Bln by 2021
Global diving equipment market is expected to grow from $2.72 billion in 2016 to $3.21 billion by 2021, at a CAGR of 4.05%. According to market researcher ReportsnReports, the growth will be driven by the increasing number of underwater projects, exploration of oil rigs, underwater construction, and
Seiche Boosts AutoNaut
AutoNaut has secured investment from the Seiche Group to advance R&D aims, assure long-term growth and develop business across UK and international markets. In September 2015, Seiche agreed its first investment in AutoNaut and this new deal sees them take a majority stake in the company. AutoNaut Lt