Subsea
Boskalis in Multi-Year Subsea IRM Campaign for Maersk Oil
Boskalis Subsea Services has been awarded a subsea IRM contract by Maersk Oil for the provision of air and saturation diving services from 2016 to 2019. The framework agreement includes the two yearly inspection campaigns of the subsea structures of the 40 production platforms in the Danish sector o
Siem Offers Subsea 7 Shares as Option for New Bond
Siem Industries has launched an offering of EUR 200 million senior secured exchangeable bonds due 2021, exchangeable for common shares of Subsea 7, exclusively by way of a private placement to international institutional investors. Siem added that the offering amount may be increased by up to EUR 75
Bibby Offshore Secures Apache North Sea Contract
Bibby Offshore has won a contract with Apache North Sea to provide subsea construction, ROV and diving services at the North Sea oil field. The contract, due to begin this month, will utilise Bibby Offshore’s multi role diving support vessel the Bibby Topaz, equipped with an inspection class ROV, th
Ross Offshore Wins Det Norske Deal
Norwegian project management and consultancy services provider, Ross Offshore, has secured a 4-year framework agreement with the Det Norske Oljeselskap. The contract will see Ross Offshore provide subsurface specialists, geologists and geophysicists, wellsite and operations geologists, and drilling
Atkins’ Design for Beatrice Jackets
Seaway Heavy Lifting (SHL) has appointed Atkins to carry out the detailed design of the jacket substructure and foundations for the 588MW Beatrice Offshore Windfarm Limited (BOWL) development in the outer Moray Firth, UK. 84 jacket substructures and associated foundations for the Siemens 7MW turbine
SHEPD Preps for Lerwick-Bressay Sub Seabed Link Ops
Scottish Hydro Electric Power Distribution (SHEPD) is preparing to begin work next week to install a new electricity cable between Lerwick and Bressay which will run through a duct bored below the seabed, in a first for inter-island cables in the UK. Specialist contractor Stockton Drilling will bore
Island Constructor Gets Green Light for Another Draugen Job
The Petroleum Safety Authority Norway (PSA) has given permission to use the Island Constructor for start-up and repair of wells on the Shell-operated Draugen field. Draugen is an oil field in the Norwegian Sea in 250 metres of water, around 150 km north of Kristiansund. The field has been developed
Aquatic Supports Bibby Offshore in ETAP Project for BP
Aquatic Engineering & Construction, an Acteon company, will support Bibby Offshore in replacing subsea infrastructure in the North Sea as part of BP’s $1 billion Eastern Trough Area Project (ETAP) life extension project. Aquatic will deploy its carousel system to install 35 kilometers of umbilical e
Volstad Seeks Financial Lifeline
Norwegian vessel owner Volstad Maritime has been looking into commercial and financial options to secure a sustainable financial position going forward as its subsidiary Volstad Subsea does not have sufficient funds to redeem the NOK 600 million ($72 million) bond at its upcoming maturity. Namely, i
PGS Gears for Irish Survey
Woodside, along with its partner Petrel Resources, has received environmental approvals from the Department of Communications, Climate Change, and Natural Resources for 3D seismic acquisition in Porcupine Basin off Ireland. The acquisition, awarded to PGS by Woodside, will include the 3D surveys ove
Magseis Cuts Losses
Norwegian seabed seismic services player, Magseis, has managed to shrink its loss as the revenue increased by close to 220 per cent in the first quarter of 2016. The Oslo-listed company has seen its revenue climb to USD 18.1 million compared to USD 5.7 million same time last year. Increase in revenu
Technip Nets Umbilical Supply Contract from Statoil
Technip’s wholly-owned subsidiary Technip Umbilicals has been awarded a contract by Statoil to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. This field is located approximately eight kilometers North West of the Oseberg field center at Block 30/9-30/6 on the Norwegian cont
MacArtney Increases Footprint in Germany
MBT GmbH, part of MacArtney Germany, has acquired Bremen based CPU GmbH, provider of equipment for underwater technical systems. CPU GmbH remains an independent entity with Christoph Reuter carrying on his job as managing director of the company. The company will relocate to the Innovation and Techn
Ocean Team Launches UK Division
Danish-headquartered Ocean Team Group, specialists in cleaning technical fluids and their transfer systems for the global energy industry, has established its first UK division in Aberdeen. Ocean Team has seven divisions which service the on and offshore energy industry, including the Oil & Gas, sub