Subsea
Akastor Slips into Red
Oilfield services investment company Akastor recorded loss of NOK 380 million ($48 million) for the fourth-quarter 2017 compared to profit off NOK 77 million ($10 million) same time in 2016. The net loss for the year was NOK 58 million. The Oslo-listed company as a group generated some 34 per cent l
MDL Supports Subsea 7 Umbilical Installation Campaign in GoM
Flex-lay equipment specialist Maritime Developments Limited (MDL) has completed a deepwater project in the Gulf of Mexico for Subsea 7. The project work scope included handling and installation of a deepwater umbilical using the MDL RDS-400-02, supported by the company’s offshore personnel. The reel
TMC Wins Work on Subsea 7 Reel Lay Vessel
Royal IHC has signed up Norway-based TMC Compressors of the Seas (TMC) to deliver a complete marine compressed air system to the integrated reel lay vessel the Dutch shipbuilder is constructing for Subsea 7. TMC’s scope of work includes the provision of a complete marine compressed air system, inclu
The Ocean Cleanup Orders Seatools Offshore Monitoring System
The Ocean Cleanup, developer of technologies to extract plastic pollution from the oceans, has awarded subsea technology company Seatools a contract for a remote offshore monitoring system. The monitoring system will be used to gain real-time insight into the performance of the first-ever ocean clea
Trump Proposes 2019 BOEM Budget of $179M
The United States president, Donald Trump, has proposed a $179.3 million fiscal year 2019 budget for the Bureau of Ocean Energy Management (BOEM) to manage offshore energy and mineral resources. Trump’s FY 2019 budget request focuses on the development of BOEM’s mission, including offshore oil and g
Fleet Cleaner Eyes Autonomous Hull Cleaning
Dutch-based ship hull cleaning service provider Fleet Cleaner has said it aims to set an even higher standard for hull cleaning. The company strongly believes that robotic hull cleaning is the future. “Already we constantly see that our autopilot can control the robot better than any human operator.
DOF Subsea Keeps Fleet Busy
DOF Subsea has been awarded various contracts, securing utilisation for vessels in the subsea IMR projects segment. In the Atlantic region, the contracts for Skandi Neptune and Skandi Constructor have been extended until the beginning of April and end of February 2018. Skandi Skansen’s contract with
BP Kicks Off at Atoll
BP has started gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate, according to BP. The project is now producing 350 million cubic
Interventek Gets New Sales and Business Development Director
Interventek Subsea Engineering has appointed Bruce Stuart to the role of sales and business development director. Stuart joins Interventek from Proserv where he was VP Business Development Subsea, having previously held a seven year tenure at FMC Technologies, responsible for UK and Canada sales and
Nautilus Wraps Up Seafloor Production Tools Trials in PNG
Nautilus Minerals has completed the submerged trials for its seafloor production tools In Papua New Guinea. The equipment is currently being prepared for shipment to China where it will be integrated onto the production support vessel (PSV) being built for Nautilus’ Solwara 1 subsea mining project.
IKM Subsea Bags Two Contracts
IKM Subsea Singapore has secured a double contract award. The first is a contract to provide 2 ROVs for a FNLG mooring installation in Bangladesh. IKM Subsea provided one Merlin WR200 and a Comanche with the necessary tooling onboard the vessel Jumbo Javelin. IKM was chosen due to previous experienc
Ultra Deep Solutions Eyes Pipe Layer Project
Ultra Deep Solutions has said it is exploring the cost to build a 5000-ton lift DP3 deepwater flexible pipelay vessel. Reportedly, the vessel would be capable of S-lay and J-lay installation method down to 3800 msw. According to UDS, the vessel will be built for an end client who is looking also at
NOC Tests New System at PLOCAN Test Site
National Oceanographic Centre (NOC) has started trials at the PLOCAN facilities on a new autonomous oceanographic device consisting of a wireless submarine telemetry system for great depths. The objective of the trials is to assess the performance and functionality of the wireless communications sys
Wood Secures New Saudi Aramco Deal
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia. Engineering and project management services to develop the Marjan oil field in the state’s eastern province will be provided under the c