Subsea
New Zealand Navy to Get New Dive and Hydrographic Vessel
New Zealand Government has approved the purchase of a dive and hydrographic support vessel for the Royal New Zealand Navy. An 85-meter Norwegian built multi-role offshore support vessel, the MV Edda Fonn, will be purchased to fill an existing capability gap. Following purchase, the Edda Fonn will be
Red Ink for DOF Subsea
DOF Subsea, a subsidiary of DOF Group, reported loss in the second quarter of 2018 of NOK 292 million ($35 million), compared to profit of NOK 88 million ($10.5 million) in the corresponding period in 2017. First-half result for 2018 came out negative, with net loss of NOK 112 million ($13.4 million
4Subsea Bags Equinor Contract
4Subsea has received a three-year master service agreement for processing of BOP measurement data for a selection of Equinor’s mobile drilling units operating on subsea wells. Under the contract 4Subsea will provide well monitoring services and rental of sensors to support Equinor’s need for collect
Tekmar Snaps Up Subsea Innovation
Tekmar has signed a sale and purchase agreement for the acquisition of Subsea Innovation. The proposed acquisition represents the Group’s first transaction since its successful AIM admission in June 2018, launching the Group’s strategy to acquire offshore energy businesses. Subsea Innovation, which
OPT Makes Eni Delivery
Ocean Power Technologies said it has shipped its PB3 PowerBuoy to Ravenna, Italy for Eni deployment and use in its subsea operations. OPT will also provide to Eni deployment support, remote data collection and monitoring. Since signing in March 2018, OPT and Eni have attained several key milestones
Teledyne RD Instruments’ DVL for Riptide’s Micro UUV
Teledyne RD Instruments (TRDI) will supply 600 kHz Pathfinder Doppler Velocity Log (DVL) to provide precision navigation capability for Riptide’s Micro UUV for a recent order for the US Navy. Riptide’s Micro UUV provides users with an affordable platform suited for new autonomy, power system, subsea
Wärtsilä Extends Lifetime of De Beers’ Diamond Mining Vessel
Wärtsilä and De Beers Marine have signed an agreement for the replacement of generating sets aboard De Beers’ diamond mining ship Debmar Pacific. The vessel, originally built in the 1970s, will be outfitted with new Wärtsilä gensets to extend their lifetime and improve reliability, the company said.
PDi Gets New CEO
Project Development International (PDi), part of the Tattva Group, has appointed Michael O’Sullivan as its new chief executive officer and board member. Bringing over 25 years’ subsea oil and gas experience to PDi, Michael began his career in the subsea industry with riser consultancy MCS, serving i
Saipem Lands Liza Phase 2 Deal Off Guyana
Saipem has secured a contract for Phase 2 of the ExxonMobil-led Liza development offshore Guyana, awarded by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil. This contract follows from the contract awarded to Saipem in 2017 for Liza Phase 1. Following engineering a
Schlumberger Sells WesternGeco to Shearwater
Shearwater GeoServices has entered into a definitive agreement to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. Shearwater will own and operate a fleet of 14 seismic vessels offering a full range of acquisition ser
SMD Wins with TE SubCom
Subsea equipment designer and manufacturer Soil Machine Dynamics (SMD) has signed a contract to supply a QTrencher 500 cable maintenance ROV to TE SubCom. The QTrencher 500 will be delivered in Q1 2019. The vehicle will come equipped with SMD’s latest surface control and power cabin layout. SMD’s De
JDR Introduces IWOCS Rental Service
JDR Cable Systems has launched a global intervention, workover and control systems (IWOCS) rental service. JDR’s IWOCS rentals offer offshore oil and gas operators the ability to increase production from subsea wells without capex investment by providing a temporary connection. The systems can also
OceanGate Picks Island Offshore
OceanGate Expeditions has selected Island Offshore as its preferred partner for deep sea exploration. As part of the agreement, a vessel from Island Offshore’s fleet of subsea construction and accommodation vessels will be used as the primary topside support vessel for the 2019 Titanic Survey Expedi
Sonardyne Names Subsea Asset Monitoring Business Manager
Sonardyne International has appointed Stephen Auld as its new global business manager for Subsea Asset Monitoring. Stephen, who joined Sonardyne in June 2017, takes over the role from Stephen Fasham, who has been promoted to a newly created role within the business focusing on growth and investment