Subsea
JDR Bags McDermott Umbilical Deals
JDR, the UK-based supplier of subsea umbilicals and power cables to the offshore energy industry, has been awarded two umbilical contracts by McDermott Middle East Inc., for undisclosed operators. The umbilicals will be delivered to two projects in the United Arab Emirates and Qatar. The first proje
IMCA Updates Wire Rope Integrity Management Guidance
The International Marine Contractors Association (IMCA) has published a revised version of ‘Guidance on wire rope integrity management for vessels in the offshore industry’ (IMCA SEL 022 Rev. 2/IMCA M 194 Rev. 2). This document provides guidance on the necessary elements of an integrity management s
Cairn, EnQuest Buy Additional Interest in Kraken
Cairn’s wholly owned subsidiary, Nautical Petroleum Limited, has acquired additional 4.5% interest in the Kraken development in the UK North Sea from First Oil bringing Cairn’s total working interest to 29.5%. Cairn and EnQuest, the operator of the Kraken development, are both taking up First Oil’s
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 15 – February 21). Norway’s Statoil has reportedly given up on constructing a new platform to develop its Snorre 2040 project offshore Norway for a subsea solution which should cut costs, hel
GE Lands Statoil Subsea Deal
GE Oil & Gas has signed a master service agreement with Statoil for new subsea projects. The global agreement forms the basis for potential new contracts for subsea equipment and services on new projects and field developments. The contract is valid globally until 2025. “We are pleased to have secur
GC Rieber Takes NOK 400 Mln Hit
GC Rieber Shipping, has booked quarterly loss of NOK 400.1 million, compared with loss of NOK 201.4 million in 2014, due to loss from the bankruptcy of Dolphin Geophysical, impairment of the fleet and expensing of previously capitalized deferred tax assets. The loss of NOK 189.7 million is related t
DOF Subsea Profit Declines
DOF Subsea reported profit for the fourth quarter 2015 of NOK 53 million compared with NOK 63 million profit for the corresponding period in 2014. In the 4th quarter 2015, the Bergen-based company had operating income of NOK 1 565 million versus NOK 1 931 million in 4th quarter 2014. DOF Subsea gene
Scotrenewables Sets Up Anchoring System at EMEC
Scotrenewables Tidal Power has completed the deployment of its advanced modular anchoring system at the European Marine Energy Centre, Orkney in preparation for the installation of its SR2000 2MW floating tidal turbine. The anchor deployment formed part of a novel tidal anchors project for floating
Wood Group PSN Axes Contractor Rates in UK
Wood Group PSN (WGPSN) has announced plans to reduce the rates paid to approximately a third of its UK-based limited company contractors by an average of 9 per cent, in line with competitive market rates. James Crawford, managing director of WGPSN in the UK and Africa, said: “This is not a decision
Rolls-Royce to Provide Mooring for Sleipnir Crane Vessel
Rolls-Royce has signed a GBP 8 million (USD 11.4 million) contract to supply mooring system for the semi-submersible crane vessel (SSCV) Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services. Asbjørn Skaro, Rolls-Royce, Executive Vice Pres
Statoil Goes Subsea for Snorre 2040
Norway’s Statoil has reportedly given up on constructing a new platform to develop its Snorre 2040 project offshore Norway for a subsea solution which should cut costs, help improve recovery and extend the lifetime of the North Sea field. In October 2013, Statoil and its licence partners recommended
PGS in Nordland Ridge Survey
PGS will conduct a 8 200 sq. km survey of the Nordland Ridge area of the Norwegian Sea, starting early May and to be completed in 2016, the company informed on Thursday. This prefunded GeoStreamer project extends the existing PGS library coverage of the Halten Terrace to provide a regional dataset o
DOF Keeps Fleet in DNV GL Class
The offshore energy service provider DOF and DNV GL have recently signed a global frame agreement. Reportedly, the agreement will see DOF keep its entire fleet of 70 vessels in class with DNV GL, as well as launching a cooperative effort to identify and realize efficiency gains and cost savings. The
Red Ink for Oceanteam
Norway-based Oceanteam has booked net loss of $2.9 million for the fourth quarter ended December 31, 2015. The Oslo-listed company, comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions, generated $12.4 million in operating revenues, down approximately 21% compared to $15.8