Subsea
Aker Wayfarer Arrives to Myklebust Verft for Modification
Kleven welcomed Aker Wayfarer to its Myklebust Verft yard this morning, where the modification of the vessel is set to take place. The vessel will be modified in order to become a deepwater subsea equipment support vessel, enabling it to install and retrieve subsea trees and modules, including subse
Update: Nord Stream Resumes Ops; Munitions Object Removed
The Swedish Armed Forces have cleared the munitions object found near Nord Stream Line 2. The works were safely completed, despite windy conditions in the Baltic Sea. “Nord Stream AG appreciates the professional and prompt assistance by the Swedish Armed Forces. Line 2, which had been closed at inle
Premier: First Oil from Solan by Year End
Premier Oil reported that it continues to anticipate first oil from Solan field before the end of the year. Good offshore productivity and high uptime has been achieved with the Regalia flotel during September and October, the company said. Commissioning of the offshore installation systems required
PHOTO: Island Venture in Final Stage of Sea Trials
Norwegian shipbuilder and designer, Ulstein, informed that the ‘Island Venture’ offshore construction vessel has entered the final stage of sea trials. The final works will be completed when the vessel returns to the yard by the end of the week. According to the company, Island Venture is the larges
Subsea 7, Premier Oil Ink Partnership Frame Agreement
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 preferred supplier basis. The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes. The
Update: Armed Forces Work on Object Removal near Nord Stream
Swedish Armed Forces will work on identifying and disposing of a ‘piece of munitions’ that was found during routine survey operations near Nord Stream pipeline in Baltic Sea. The object has been located in the Swedish Exclusive Economic Zone (EEZ) approximately 120 km away from the island of Gotland
ACE Winches Strengthens Senior Management Team
ACE Winches has appointed new directors to strengthen its senior management team. Richard Wilson, who recently joined ACE Winches to head up the Engineering Division, joins the Board of Management from 30th November 2015 as Chief Operating Officer. Richard will be replacing current Chief Operating O
PSA Gives Nod to Gassco for Utsira High Gas Pipeline
The Petroleum Safety Authority Norway has given Gassco consent to use the Utsira High Gas Pipe (UHGP). Utsira High is a 94-kilometre-long gas pipeline running from the Edvard Grieg field 57 km north of Sleipner in the northern North Sea. Gassco is the operator for the Utsira High Gas Pipeline Joint
VARD Broadens Losses in Q3
Vard Holdings Limited (VARD) continues to face slowdown in activity at its yards on the back of continued weakness in the offshore market, and operational issues at its Brazilian facilities. VARD recorded a net loss of NOK 845 million for 3Q2015, against a loss of NOK 160 million in the correspondin
Lower Activity Levels Hit Subsea 7 Profit
Subsea 7 announced revenue for the third quarter 2015 of $1.2 billion, a decrease of $702 million compared to the prior year quarter. Adjusted EBITDA of $351 million and margin of 29.2% reflected significant progress on several projects and included positive contribution from projects in the final s
EMGS Welcomes New CEO
The Board of Directors of Electromagnetic Geoservices ASA (EMGS) has appointed Christiaan A. Vermeijden as new Chief Executive Officer (CEO). Vermeijden is 42 years old and comes from the position as Global Offshore Geotechnical Director of Fugro N.V., where he was part of the Executive Management T
VARD Bags Offshore Vessel Order
Vard Holdings Limited (VARD), a global designer and shipbuilder of offshore and specialized vessels, has secured a new contract for the design and construction of an offshore vessel. The order was secured from an undisclosed international customer. The new offshore vessel is designed by Vard Design
Russian Navy to Get New Hydrographic Boats
The Russian Navy will receive two new hydrographic motor boats (project 19920) by the end of November. The boats will be capable to perform tasks at the distance of up to 100 nautical miles, RF Ministry of Defence wrote. One of them will be part of the hydrographic service of the Pacific Fleet, the
GC Rieber Takes Over Polar Onyx; Secures Work Off Nigeria
Norway’s GC Rieber Shipping has taken over the subsea vessel ‘Polar Onyx’ after its charterer Ceona went into administration and failed to fulfill its obligation under the charter agreement. After seeking coverage for its claims, GC Rieber has achieved final settlement with the Administrators to tak