Subsea
Vattenfall to Use HVDC for OWFs Connection to UK National Grid
Vattenfall, the Swedish energy group, plans to deploy High Voltage Direct Current (HVDC) cable technology to connect Norfolk Vanguard offshore wind farm and its sister project Norfolk Boreas to the UK National Grid. The wind farm developer said that it has made a strategic decision to back HVDC on t
Dragados to Build Two Jackets for Maersk’s Tyra Redevelopment
Dragados Offshore has won a contract from Mærsk Oil and Gas for the Tyra East G & Tyra East H jackets for the ‘Tyra Future Development Project’, both to be installed in the Danish sector of the North Sea. Dragados Offshore’s scope of work includes project management, HSEQ management, procurement, co
JFD Finalizes Submarine Rescue System for Indian Navy
Following deep search and rescue vehicle (DSRV) trials, JFD said it has completed the build of the first of its two new submarine rescue systems, due to be delivered to the Indian Navy in March 2018. The completion of the build will be commemorated by a ceremony hosted by JFD and attended by senior
Fugro Cuts Losses
Dutch subsea and survey specialist Fugro has posted net loss of €160 million for the year 2017, against net loss of €309 million in 2016. The company’s revenue, however, fell close to 16 per cent from €1.77 billion in 2016 to €1.5 billion in 2017. Fugro’s marine division, with revenue at €947 millio
Schlumberger Bags Leviathan Contract from Noble Energy
Schlumberger has received an engineering and supply contract from Noble Energy for a two-thousand-ton single-lift process module to be installed on the Leviathan Platform in the Eastern Mediterranean. The scope of the contract includes pre-treatment, salt removal and regeneration of monoethylene gly
Magseis Enters Node Lease Contract in NE Asia
Norwegian seabed seismic services player Magseis has signed a Letter of Intent (LoI) for a lease contract of its proprietary MASS nodes. Magseis will mobilize a fully containerized handling system (MASS Modular) and field technicians for the project in North East Asia, the company informed. The dura
TechnipFMC Swings to Loss Despite Subsea Order Boost
TechnipFMC has reported fourth-quarter 2017 net loss of $154 million or 33 cents per diluted share. One of the industry majors has booked quarterly after-tax charges and credits of close to $245 million or 53 cents per share. This came down to adjusted earnings of 20 cents per share during Q4 2017.
Rotech Subsea Set for Harbour Clearance Work
Rotech Subsea is set to deploy a new RS1 excavation tool for the recently secured harbour clearance work scope in UK. The RS1 excavation tool has been specially adapted by the Aberdeen group’s on-site fabrication unit, Rotech Fabrication, to meet demand from Port Authorities for excavating difficult
McDermott Sees Profits Rise
Houston-based McDermott posted quarterly profit of $25.5 million, or 9 cents per fully diluted share, compared to $500K loss in the fourth quarter 2016. McDermott’s result for the full-year 2017 was profit of $178.5 million or 63 cents diluted EPS, versus $34 million profit of 12 cents per diluted s
Ardmore Craig Wraps Up Cable Spread Modifications
Ardmore Craig has completed modifications of a cable lay spread for an undisclosed client. The company modified the cable lay spread design to allow integration of a new carousel and deck layout on the client’s vessel. Following contract award in early 2018, Ardmore Craig completed the design, analy
Forum Appoints New Senior VP and CFO
Forum Energy Technologies has appointed Pablo G. Mercado to serve as senior vice president and chief financial officer. The appointment, part of the company’s succession planning process, is effective March 01, 2018. In addition, James W. Harris, the current CFO who has been leading the Drilling and
Innospection Gets General Manager
Inspection provider for the oil and gas industry, Innospection, has appointed Alex Crossland as general manager based at the headquarters in Aberdeen. The role at Innospection is a newly-created position following growth of the company and a strong backlog of work across onshore and topside, splash
WFN Strategies Nets EAUFON Subsea Cable Survey Deal
WFN Strategies has received a contract by Kativik Regional Government, Canada, to provide cable route survey for the proposed Eastern Arctic Undersea Fibre Optic Network (EAUFON) submarine telecoms cable system. EAUFON is a planned submarine cable with landing points at multiple communities in Canad
Fugro Wins Gas Hydrate Investigation Project in South China Sea
Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate research on the northern continental slope of the South China Sea. The contract is valued at approximately $40 million and the project is expected to start in the second quarter of 2018. This is the fifth