Subsea
Canadian Startup Setting Up Life of Field Service Centre
The new company, Canadian Supply Base Company, is gathering resources, opportunities and cluster participants to explore the development of a proposed multi-user, ‘one-stop shop’ port cluster at Bull Arm, Newfoundland. This ‘Life of Field Service Centre’ concept would incorporate supply base service
New VP Customer Center & Services Joins Teledyne Marine
Teledyne Marine has named Lars Aggerholm Nielsen as the vice president Customer Center & Services for imaging product lines globally. “It is key for us to secure an excellent service and support of our customers as we know how important our products are to them in their daily operations and projects
Prysmian Cable Layer Utilizes MakaiLay Software
Makai Ocean Engineering’s MakaiLay software has been commissioned on the cable-laying vessel Giulio Verne by the Prysmian Group. It is expected that MakaiLay with its power-cable-specific module will be used by the Giulio Verne when it starts working on the North Sea Link installation. North Sea Lin
Add Energy and Trendsetter Win Well Control Contract
Add Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 2018. The contract will provide the
German AWI Purchases Sercel’s Sentinel HR
CGG informed that Sercel has sold one of its new Sentinel HR high-resolution solid streamers to the German research foundation, the Alfred Wegener Institute (AWI). AWI will use the Sentinel HR on research projects it is conducting to record critical data about the relationship between geological act
Magseis Strengthens Its Team
Norwegian seabed seismic services player Magseis has strengthened its team with several new appointments. Tom Henrik Sundby has accepted the position as CFO and will join Magseis in April 2018, the company informed. Sundby has more than 25 years’ experience in finance and management roles most recen
Aker Solutions’ Subsea Equipment for Wintershall’s Nova Field
Aker Solutions has won an order from Wintershall Norge to provide a subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway. The system will consist of two templates with manifolds, seven subsea trees including one spare, umbilicals and associated tie-in and
Subsea 7 Scoops Up Nova Tieback Prize from Wintershall
Subsea 7 has been awarded a contract between USD 50 million and USD 150 million by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kilometers from the Gjøa field, in a water depth of approximately 36
Polarcus Reduces Quarterly Deficit
Polarcus has narrowed its quarterly loss when compared to fourth-quarter 2016, despite lower revenues and impairment charges. The Oslo-listed company reported net loss for the quarter of $91.7 million or 60 cents per share, versus loss of $97 million in Q4 2016. Sequentially, the net loss widened fr
Global Eagle Inks Seabed Constructor Deal with Swire Seabed
Global Eagle Entertainment has signed a three-year agreement with Swire Seabed, a specialist subsea company based in Bergen, Norway. The agreement will allow Global Eagle to provide connectivity for the multi-purpose offshore vessel, Seabed Constructor. Seabed Constructor is currently on long term c
Polarcus Takes Ownership of Two Vessels
Polarcus has taken over ownership of Polarcus Nadia and Polarcus Naila following the finalization of restructuring. In January 2018 Polarcus launched an equity private placement and announced a financial restructuring, which was subject to the satisfaction of certain closing conditions, including th
More Red Ink for Reach Subsea
Reach Subsea has seen quarterly loss widened for the period ended December 31, 2017, explained by lower equipment utilization when compared to the corresponding period in 2016. Despite revenue growth of close to 70 per cent, the Norwegian contractor booked loss of NOK 10 million, or NOK 0.07 per sha
ECA Group Rolls Out New Mid-Size Mine Warfare AUV
ECA Group has unveiled its new generation mid-size AUV A18-M for underwater mine warfare. The company has carried out live demonstration in Toulon area to showcase theperformance of this new maritime drone that is completing ECA Group’s AUV family. A18-M is the new generation of autonomous underwate
AML Moving Vessel Profiler for Xiamen University
Xiamen University has purchased a moving vessel profiler (MVP) from AML Oceanographic for the research vessel JIA GENG. The university’s State Key Laboratory of Marine Environmental Science will use the deep water underway profiling system, MVP300, to collect CTD, sound velocity, and environmental d