Subsea
Tribute Buys Stake in Tocardo
Tribute Resources announced the purchase of a 46.5% stake in tidal and free-flow water turbines producer Tocardo International. Tocardo, located in Den Oever, the Netherlands, together with Tribute, will be working to provide energy project development through site selection, feasibility studies, fr
Celtic Interconnector Project Enters Next Phase
The French President and An Taoiseach Enda Kenny have launched the next stage of the Celtic Interconnector, a proposed €1 billion subsea electricity cable linking Ireland and France. The capacity of the Celtic Interconnector is estimated at approximately 700 megawatts (MW), enough to power 450,000 h
NOV Snaps Up Kongsberg’s Subsea Products Division
Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of Subsea Products. According to Kongsberg, the sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM, PLETS, Wyes, Tees, Foundations, Spools, Jump
2H Offshore Gets New Managing Director
2H Offshore, an Acteon company, has appointed Yann Helle as managing director. Helle replaces Tim Eyles, who is moving to the role of vice president with parent company Acteon. Helle, who previously held the position of technical manager, will have responsibility for the leadership and development o
PGS Shrinks Q2 Losses
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a 28 percent decline in revenue during the second quarter of 2016. The Oslo-listed seismic player, posted net loss of $51.8 million or 22 cents per share for the second quarter of 2016, compared with $63.8 million net loss or
Fraunhofer IWES Surveys Enable Construction of Arkona OWF
E.ON and Statoil gave the green light to the construction of the 385 MW Arkona Becken Südost wind farm, 35 km northeast of the island of Rügen. The use of seismic surface surveys made it possible to stick to schedule on the EUR 1.2 billion project despite changes to the wind farm design – 60 turbine
CenturyLink Utilizes Aqua Comms’ AEConnect Subsea Link
CenturyLink has activated two 100 Gigabit waves of high capacity connectivity between New York and London on Aqua Comms’ America-Europe Connect (AEConnect) subsea cable system. The provisioning of secure and reliable capacity on the next-generation subsea fibre optic network will support CenturyLink
First Subsea Bend Stiffener Connector for Gina Krog FSO
First Subsea, has supplied a relatchable bend stiffener connector (BSC) to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, floating storage and offloading (FSO) vessel in the Norwegian sector of the North Sea. The Type II BSC comprises a
ExxonMobil Joins Viper JIP to Develop V-IR
Subsea engineering company Viper Subsea informed that ExxonMobil has joined the joint industry project (JIP) to develop the company’s V-IR system. ExxonMobil has joined the V-IR project, which has been established through the Industry Technology Facilitator (ITF), at a crucial phase of development a
AgileTek to Assist Hydro Group on Wave Energy Project
London-based engineering consultancy, AgileTek, has been awarded a contract to support Hydro Group on an undisclosed wave energy project. The work will see AgileTek assist the umbilical manufacturer with design and engineering of accessories for the cable connected to a wave energy conversion device
Romica and Its Partner Get DNV GL Accreditation
UK winch maker Romica is to ‘redouble its exports drive’ after its Romania-based manufacturing partner acquired accreditation with DNV GL. Romica is owned and run by Bob Turner and works in partnership with TIE Services International SRL, based in Satu Mare, Romania. “Romica and TIE work in partners
Aker Rejects Rem Offshore Restructuring Plan
Norwegian vessels owner, Rem Offshore, has not secured backing for its refinancing plan after the bondholders controlling more than 1/3 of the bonds in the company’s REM04PRO bond issue turned down its proposal. Namely, the industrial investment company, Aker, which earlier this year invested around
Havila Alters DeepOcean Vessel Deal
Oslo-listed Havila Shipping and subsea contractor DeepOcean have decided to modify the chartering contract for the vessel Havila Phoenix. The 2009 built subsea vessel was previously signed on a contract, with commencement in Q1 2014, for a firm period of 7 years with 4 optional periods each of 1 yea
MMT Nets Framework Agreement with TenneT
MMT has signed a four year framework agreement with TenneT. The framework agreement runs from 2016 to 2020 and MMT has been selected for geophysical and geotechnical investigations both offshore and nearshore. The area to be surveyed is the electrical grid connection of offshore wind farms within Ge