Subsea
DOF Subsea in Vessel Sale
DOF Subsea has struck a deal to sell the vessel Skandi Inspector to an undisclosed international buyer. The UT 705 design vessel was built in 1979 by Hatlo Verksted – Ulsteinvik, Norway as platform supply vessel only to be converted in 1999. Previously known as Tender Captain, Far Captain and Skandi
Cambla Bags Its First Decommissioning Contracts
Cambla has been awarded decommissioning contracts with two operators in the oil and gas industry. The contracts will see Cambla provide project services support and utilise its Schedule Animation Tool (S.A.T) software to ensure efficient and effective planning for decommissioning projects in the Nor
TGS to Let Go 130 Workers
Seismic contractor TGS will reduce its global workforce capacity by some 130 people, corresponding to around 16 per cent of its total workforce. According to Oslo-listed company, this would reduce operating expenses by approximately USD 13 million per annum from the beginning of 2016. “This was a ve
CIS Wraps Up Second Subsea Piling Campaign for Technip
Conductor Installation Services (CIS), an Acteon company, recently completed its second subsea piling campaign for Technip in Norway. The piles were driven using CIS remotely operated Subsea Piling System to secure the subsea Boa Extension Manifold, which makes up an integral part of the Alvheim dev
Unique Group Adds GSE Rentals
Unique Group has acquired GSE Rentals (Geophysical Survey Equipment), a rental specialist of geophysical, hydrographic and oceanographic marine survey equipment. GSE Rentals is now wholly owned by Unique Group and the company’s workforce will be retained. Former owner, Stan Moroney, will continue as
DW Spots Slowdown in Work-Class ROVs Utilisation
The global ROV market is anticipated to significantly contract in value terms in 2016 (-6.3%) and then plateau in 2017, due to the current oil price downturn, according to a provider of market research & consulting within energy industry, Douglas-Westwood (DW). In its latest ROV market forecast for
MainOne Upgrades Its West Africa-Europe Submarine Cable
MainOne announced the completion of the upgrade of its submarine cable network between Nigeria, Ghana and Portugal to a 100G wavelength system. The 100G wavelength upgrade, implemented using the Xtera Nu-wave Optima optical networking platform is expected to provide additional capacity support for M
NPD Gives Nod for Edvard Grieg Start-Up
The Norwegian Petroleum Directorate (NPD) has granted consent to start production on the Lundin Norway-operated Edvard Grieg field in production licence 338 in the North Sea. Production start-up is scheduled in accordance with the Plan for Development and Operation (PDO). Development costs have incr
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 09 – Nvember 15). Subsea 7 signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a pref
PHOTO: Normand Maximus Starts Transit to Norway
Following the launching ceremony, Normand Maximus, an offshore subsea construction vessel, started its journey from Romania to Norway. Solstad Offshore informed through its social media that the NB 830 started the journey to Norway for final outfitting at Vard Brattvaag. Normand Maximus, which was b
DOF Subsea Plunges to Loss
DOF Subsea reported loss for the third quarter 2015 of NOK 312 million compared with NOK 91 million in profit for the corresponding period in 2014. The company reported operating revenue of NOK 1 904 million in third quarter of 2015, compared to NOK 1 815 million in third quarter 2014. EBITDA was NO
IMES Nets Contracts from Fugro and Harkand
Aberdeen-based IMES secured new contracts with Fugro and Harkand worth £750,000. IMES has been awarded a three-year contract for the provision of lifting inspection services on behalf of Fugro, covering four vessels. Second contract, secured from Harkand, is for the provision of lifting inspection,
Magseis Bags LoA for Seabed Seismic Survey
Magseis, a Norwegian geophysical company, has received a Letter of Award to conduct seabed seismic acquisition outside the North Sea. The survey will be undertaken using the company’s proprietary MASS system and the DP 2 class vessel ‘Artemis Athene’. The crew will mobilise directly from the recentl
Magseis, Shell Ink Joint Development Agreement
Magseis has entered into an agreement with Shell for the further joint development of a system to deploy Magseis’ MASS technology in ultra-deep water. According to the company, the agreement regulates the further work leading up to a full-scale pilot test which is planned for completion early Q1 201