Subsea
PHOTO: Siem Names New Cable Laying Vessel
Siem Offshore’s new cable laying vessel, Siem Aimery, was named on Wednesday at the Remontowa Shipyard in Gdansk, Poland. The godmother and sponsor of the vessel was Karin Muck, wife of Lars Muck, business area manager of Siem Offshore Contractors. The vessel, designed by VARD, is 95.3 meters long a
Subsea 7 Stacks Two More Vessels
Oil services company, Subsea 7 has recorded a net income of $147 million in the Q1 2016 compared to $151 million in the Q1 2015. During the quarter Subsea 7 released one chartered vessel and stacked two owned vessels, including Seven Waves which returned to Europe for extensive repairs following dam
Kongsberg Equipped KRI Spica Goes to Indonesian Navy
The second of two oceanographic and hydrographic vessels designed and built by OCEA in France for the Indonesian Navy was handed over following a commissioning ceremony in Jakarta. The KRI Spica (934), is the sister ship to the June 2015 delivered KRI Rigel (933), which is already on active survey d
Aker Solutions Profit Falls
Aker Solutions has reported a net income of NOK 169 million in the first quarter 2016 versus net income of NOK 220 million a year earlier. Revenue declined to NOK 6.5 billion in the quarter from NOK 8.5 billion a year earlier amid a market slowdown. The company posted earnings before interest and ta
WFS Appoints UK Sales Manager
WFS Technology has appointed Graeme Slater as Sales Manager for the UK, Australia and SE Asia. Since joining the company in March, Graeme has been supporting WFS’s UK and international customers in their use of Seatooth-enabled products. Prior to joining WFS Graeme spent 13 years at Schlumberger. Be
NERC Invests into NOC Autonomous Systems
UK’s Natural Environment Research Council plans to invest £15 million in marine autonomous systems (MAS) and sensors over a five-year development programme. A £10 million investment will be made through the National Oceanography Centre (NOC) for the development of a new 1500 meters depth-rated Autos
Aker Solutions and ABB in Subsea Alliance
Aker Solutions and ABB have joined forces to develop new oil and gas production solutions. The cooperation will integrate Aker Solutions’ subsea capabilities and ABB’s subsea power and automation system expertise. Reportedly, this partnership will deliver solutions that will enhance how production e
Aker Solutions Picks Glassfiber Produkter for Kaombo Subsea Protection
Glassfiber Produkter has been awarded a contract from Aker Solutions as part of its Total Kaombo project in Angola. Kaombo is one of the world’s largest subsea developments, located in Block 32 about 150 kilometers off the coast of Angola. According to the company, the contract will see Glassfiber P
DUC Marine to Name Its New MPSV in May
DUC Marine Group, the Dutch-based specialist in diving, marine and offshore construction services, will christen its new multi-purpose support vessel “Solution”, on May 9, at Urk, The Netherlands. According to the company, the new vessel has been purpose built for DUC Marine Group with aim to fill a
N-Sea Wins Galloper UXO Gig
Subsea IMR provider, N-Sea, has been awarded a new contract with Galloper Offshore Wind Farm. The contract for pre-construction unexploded ordnance (UXO) clearance works started in April 2016 and includes UXO risk management, target investigations and clearance on the Galloper Wind Farm, off the coa
Polarcus Posts Profit Hike
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
Xodus Inks Employers Representative Deal with SSE
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
Harkand Loses Two Vessels
Nordic Trustee ASA and Harkand Finance Inc. have exercised their rights to terminate the internal bareboat charters for the dive support vessels Harkand Da Vinci and Harkand Atlantis. The two vessels were scheduled to deliver subsea support services for Maersk Oil’s Flyndre development. Nordic Trust
BP Extends Operating Life of Ula Oil Export Pipeline
BP has received consent to extend the operating life of the Ula oil export pipeline. BP Norge (BP) is the operator of the Ula field, located in the southern North Sea. It is located in about 70 meters of water, and consists of three conventional steel facilities. The oil from Ula is transported to T