Subsea
Norway Approves Oseberg Vestflanken 2
The Ministry of Petroleum and Energy has sanctioned the plan for development and operation (PDO) of Oseberg Vestflanken 2. Reserves projected at 110 million barrels of oil equivalent the investments are estimated at NOK 8.2 billion (2015). The Oseberg Vestflanken 2 development consists of an unmanne
MMT Bags COBRA Cable Route Survey
Marine survey specialist MMT has been awarded a cable route survey contract for the COBRA subsea cable, connecting Denmark with the Netherlands. The survey contract, awarded by Prysmian, includes inshore and offshore parts, consisting of geophysical, geotechnical and visual surveys including cable t
Tideway Scoops Hornsea One Cable-Laying Job
Tideway BV, a subsidiary of the Belgian dredging, environmental and marine engineering group DEME, has been awarded a design and build cable installation contract by DONG Energy for the Hornsea Project One offshore wind farm. For this project, Tideway will deploy DEME’s newest DP3 subsea cable-layin
Aibel Names OneSubsea’s President as Its New CEO
President and CEO of Aibel, Jan Skogseth, will retire following his 62nd birthday, the company informed. According to the company, Mads Andersen (51), current president at the Schlumberger-owned OneSubsea, will take over as the new president and CEO from January 01, 2017. Skogseth will hold an advis
Eidesvik Finds Work for Viking Poseidon in Wind Sector
Norwegian vessel owner Eidesvik has secured another contract from Siemens Wind Power for the offshore construction vessel Viking Poseidon to support its operations in the German offshore wind sector. The contract, scheduled to start in June this year, is the second contract the company has been awar
UK Subsea Sector Needs Government Support, Industry Body Says
Subsea UK, is leading a delegation of subsea companies across the country’s supply chain to Westminster on June 15th to outline what is required of Government to help the industry in the lower, for longer oil price environment. Subsea UK believes that out of 120,000 job losses in the oil & gas indus
Statoil Ahead of Schedule and Below Budget with Gullfaks Template
The Norwegian Petroleum Directorate (NPD) has granted the licensees in Gullfaks (production licence 050) consent to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Rutil is a gas-filled structure on Statoil-operated Gullfaks South, located in the Tampen area i
EMAS CHIYODA Subsea Gets New Major Shareholder
Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently a 50:50 joint venture company owned by Ezra and Chiyoda. Through the acquisition of shares from Ezra and Chiyoda, NYK wi
Plexus to Raise $8.5 Mln to Support Firm Through Oil Downturn
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6 million ($8.5 million) before expenses, by way of a placing of 9,230,770 new ordinary shares at a price of 65 pence per ordinary share to new and existing investors. The placing is intended to strengthen Plexus’ balanc
IHC Designs New Inter-Array Cable Layer
IHC has introduced a new inter-array cable-laying vessel designed to facilitate more efficient offshore wind farm installations. The vessel is approximately 106 meters long with breath of 22 meters. According to IHC, the new design should reduce costs for inter-array cable-laying operations by 20 to
Polarcus Bags XArray Project in Barents Sea
Polarcus Limited has received a Letter of Intent (LoI) for an XArray project in the Norwegian Barents Sea for an undisclosed client. The survey is due to start in August 2016, after required authorization has been obtained. It will run for approximately four weeks, the company informed. This extends
DNV GL Helps Trim Subsea Documentation
A two-year cross-industry project led by DNV GL has delivered a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ detail
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 06 – June 12). Det norske has awarded a subsea contract for christmas trees to Aker Solutions for Alvheim field, Det norske’s core area of production. In addition, Subsea 7 has been awarded a con
Dragados 4 Jackets for Hornsea Project One Substations
Dragados Offshore has been awarded a contract by DONG Energy for delivery of four substation jackets for its Hornsea Project One offshore wind farm. The 1.2 gigawatt project consists of 174 wind turbines connected to three offshore collector substations and a reactive compensation substation, the la