Subsea
Nexans Expects EUR 150M Impairments
Nexans will book asset impairments of approximately 150 million euros due to commodities price decline in the second half of 2015, the French subsea cable specialist said on Tuesday. According to Nexans, aproximatelly two thirds are related to goodwill and intangible assets and one third to tangible
SST Finalizes WaveSub Pump Testing
Marine Power Systems (MPS), a Swansea-based company, has recently completed testing of its prototype pump, a key subsystem of the company’s WaveSub wave energy converter (WEC). The project has been part-funded by the European Regional Development Fund through the Welsh Government, with MPS receiving
Aker Solutions Gets Concept Study for Johan Castberg FPSO
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker Solutio
Plexus Inks Licence Agreement with Russian Gusar and Konar
Plexus Holdings has entered into a license agreement with Russian Gusar and Konar for the rental, manufacture and servicing of Plexus’ jack-up drilling wellhead exploration equipment into the Russian Federation and the other CIS states oil and gas markets. Entry into the Russian Federation and other
Norfolk Marine Wraps Up Scroby Sands OWF Phase 1 Checkup
Norfolk Marine has completed the 1st phase of a three-year framework agreement with E.on Climate & Renewables UK Offshore Wind to provide subsea inspection services to Scroby Sands OWF. The contract is being carried out as a turnkey service package utilising the company’s own vessels, specialist div
VIDEO: Damen Refit of Research Vessel Marion Dufresne II
Damen Shiprepair Dunkerque carried out renovation and lifetime extension work to oceanographic research vessel ‘Marion Dufresne II’ in 2015, owned by French administration Les Terres Australes et Antarctiques Françaises (TAAF) and managed by CMA CGM. The renovation should extend the vessel’s life fo
Tattva Snaps Up Ceona’s PDi
Aberdeen headquartered engineering consultancy Project Development International (PDi) has been acquired by Tattva International Holdings. Tattva International, based in Singapore, is a part of the India-based Tattva Group. The acquisition sees Tattva International take full ownership of all PDi ass
Nexans Wins LofotKraft Subsea Cables Deal
LofotKraft AS has selected Nexans to deliver and install 170 kV XLPE cables to upgrade the current systems in three fjords Gimsøystraumen, Nappstraumen and Flakstadpollen to strengthen the power supply for residents throughout Lofoten, Norway. This will include upgrading the current grid capacity fr
Forum Subsea Rentals, Aquatec Ink Rental Agreement for LEAKlog
Forum Subsea Rentals, a subsidiary of Forum Energy Technologies, and Aquatec Group have signed a global agreement for the rental of Aquatec’s LEAKlog leak detection and inspection suite. The Aquatec LEAKlog leak detection sensors are utilised for routine inspection and surveillance of subsea install
Plexus in Profit Warning
UK’s Plexus has seen a significant slowdown in planned activity by its customers to the extent that it cannot see the reduced activity levels being recovered in the current financial year as a result of a number of projects being delayed, postponed or cancelled, the company said Monday. This has aff
SEA Secures Work on Baltic Gas Project
Perth based Subsea Engineering Associates (SEA) has been awarded detailed design, procurement and construction management for the Baltic Gas Project in the Polish sector of the Baltic Sea for Baltic Gas. The project is being undertaken on behalf of Baltic Gas, a partnership established specifically
BPP Cables Adds Director of Cable Operations
BPP Cables has expanded its team with appointment of Tony Zymelka to the role of director of cable operations. Zymelka has worked for many decades in the submarine cable industry, in both the telecommunications and power transmission fields. He has experience in submarine cable manufacturing, testin
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 18 – January 24). Subsea 7’s pipelay vessel ‘Seven Waves’ is returning to the yard in the Netherlands for repairs after a fire on its lay assembly. The vessel was hired by Petrobras on a five-
Proserv Integrates Nautronix
Proserv has now fully integrated the through water communication, positioning technology and survey services specialist, Nautronix, which will now be officially recognised and branded as Proserv. The company’s location will remain in Dyce, Aberdeen. Nautronix was acquired by Proserv in September las