Subsea
Spirit Energy Clears PSA’s Oda Probe
Petroleum Safety Authority (PSA) Norway has carried out an audit of Spirit Energy and the company’s project management for the development of the Oda field in the North Sea. The Oda field is in the southern part of the Norwegian sector of the North Sea, 10 kilometres east of Ula. The field is in dev
Nautilus Secures Further Bridge Loans
Nautilus Minerals continues to arrange bridge loans from Deep Sea Mining Finance, which are expected to form part of a larger secured structured credit facility of up to $34 million to be provided by the lender to the company. To date the company has received bridge loans from the Deep Sea Mining Fi
Reach Subsea Charters Olympic Challenger
Reach Subsea has entered into an agreement with Olympic Subsea for use of the subsea vessel Olympic Challenger for 2 years, with an option to extend for 1 year. The commercial terms of the charter agreement are confidential between the parties. The vessel already has two ROVs mobilised onboard, whic
KW Designed Wins Siemens Subsea Contract
KW Designed Solutions have been awarded a contract by Siemens Subsea for the supply of a second pressure vessel. This new pressure vessel will accompany the existing range of subsea electrical testing pressure vessels, previously supplied by KW Designed Solutions and will be used for the production
IMCA Technical Manager Joins IACS Advisory Committee
The International Marine Contractor’s (IMCA) technical manager, Mark Ford, has been unanimously endorsed by the International Association of Classification Societies (IACS) to become a member of the IACS Advisory Committee (AVC). In welcoming Mark Ford to the committee, Knut Ørbeck-Nilseen, IACS cou
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 26 – March 04). https://subseaworldnews.com/2018/03/01/subsea-7-buys-siem-offshore-contractors-and-two-vessels/ https://subseaworldnews.com/2018/02/27/aker-solutions-subsea-equipment-for-wint
Greenlink Interconnector Looks for Route Survey Provider
Greenlink Project, a HVDC interconnector between the Republic of Ireland and the United Kingdom, has invited bidders for route investigation survey services. Earlier this year, Element Power submitted an application to the Department of Housing, Planning and Local Government for a foreshore licence
EMGS Works on Refinancing Deal
Norwegian geophysical services company EMGS has launched a refinancing proposal as it requires additional funding injection to keep the company running. An independent board of directors of EMGS, which did not include board members representing the major shareholders has, in cooperation with the com
Van Oord to Utilize Oceaneering ROVs for Offshore Wind Ops
Oceaneering has secured a three-year frame agreement with Van Oord for remotely operated vehicle (ROV) and trenching support services. As part of this agreement, Oceaneering has agreed to install one work class ROV onboard Van Oord’s cable-laying vessel, the Nexus, for the full three-year term. Addi
Tetra Divests Decommissioning and Maritech Units
Tetra Technologies has completed the divestiture of its offshore heavy lift, plugging and abandonment, decommissioning, cutting, diving and related consulting services businesses and its Maritech operations and offshore leases. This divestiture included the sales of its subsidiaries involved in thes
DEA Norge Gets New Managing Director
DEA Norge has appointed Jon Sandnes as a managing director effective March 01, 2018. Sandnes is following Hans-Hermann Andreae, who has taken on new responsibilities at DEA’s headquarters in Hamburg. “DEA has exiting plans for its activities in Norway. The company has motivated and experienced emplo
Ecosse Nets WES Funding to Aid Wave Energy Development
Ecosse Subsea Systems (ESS) has secured £2.5 million funding by Wave Energy Scotland (WES) to develop a magnetic gear system which could be pivotal in developing wave energy convertors. Development work will take place over the next two years in a collaborative project with Bathwick Electrical Desig
Offspring Becomes Manuli Hydraulics’ International Agent
Offspring International (OIL) has signed an international agent agreement with Manuli Hydraulics’ Oil & Marine Division. Under the agreement, Offspring will offer Manuli single and double carcass floating marine and submarine hoses, dock hoses and long length conduit hoses for offloading at SPM and
DeepOcean Nets Statoil SURF Deal
DeepOcean has been awarded a contract from Statoil to perform riser replacement and construction work in the North Sea and the Norwegian Sea. The firm and optional scope of work comprises complex marine operations for replacement, installation and recovery of subsea lines and installation work at th