Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 01 – September 06). Aker Solutions notified employees that it has become necessary to reduce the workforce capacity in its Norwegian subsea business because of a continued market slowdown. A
GC Rieber Breaks Off Polar Onyx Deal
Norway’s GC Rieber Shipping has terminated a charter agreement for the subsea vessel “Polar Onyx” by reason of Ceona`s default. Namely, Ceona has provided security, by way of cash deposit in a Norwegian bank, equivalent to nine month`s hire, towards GC Rieber Shipping for the fulfillment of Ceona`s
Green Light for Wintershall’s Maria
Wintershall and its partners Petoro and Centrica have today received approval by the Ministry of Petroleum and Energy for the plan for development and operation (PDO) for the Maria development, offshore Norway. The approved development solution for the Maria field involves two subsea templates locat
Companies Ink Nord Stream 2 Deal
The companies involved in the Nord Stream 2, which should boost supply of natural gas to the EU market, have signed a Shareholders’ Agreement, setting up a new project company, New European Pipeline AG, to develop the export pipeline project trough the Baltic Sea. According to the document, Gazprom
Coast Guard Rescues Man from Cable Layer Rene Descartes
A U.S. Coast Guard helicopter crew medevaced a Frenchman reportedly suffering from a heart attack aboard a vessel, 80 miles west of Coos Bay. An MH-65 Dolphin helicopter crew from Coast Guard Air Station North Bend safely transferred the 55-year-old man to emergency medical personnel, Thursday at 6:
OSIL Delivers Vibrocorer to VLIZ
UK-based marine systems manufacturers Ocean Scientific International Ltd (OSIL) has supplied the Flanders Marine Institute (VLIZ) with a high-powered Vibrocorer system. The OSIL Vibrocorer can collect cores up to 9 meters in length in dense and compacted sediments. A vibrating motor in a sealed pres
Swagelining Completes North Sea Work
Swagelining Limited has completed work across eight North Sea assets over the last 12 months. These contracts saw Swagelining design, fabricate and install almost 90km of polymer liners into water injection pipeline in total. The work has involved the lining of a 4′ line, the smallest ever subsea wa
More Jobs Axed at Expro
UK oilfield services player, Expro, is forced to make further job cuts as a response to the progressing challenges on the market. In addition to workforce reduction announced earlier in March, Expro plans to make approximately 60 further redundancies across its Europe and Commonwealth of Independent
Prysmian Charters C.S. Sovereign for Wikinger OWF Job
Prysmian Group has chartered Global Marine Systems’ cable-laying vessel, the C.S. Sovereign, from mid-2016 into early 2017 for work on the Wikinger offshore wind farm in the Baltic Sea. The vessel will install inter array cables at the offshore wind farm that is currently estimated to be providing p
Subsea in August
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of August has seen companies adjusting to tough market environment with further workforce reductions, shipowners laying-up vessels and some major deals
Aquatic Names New Managing Director
Aquatic Engineering & Construction, an Acteon company, has appointed Martin Charles as group managing director. Charles replaces Aquatic’s former president, Chris Brooks, who has departed Aquatic after eight years. Charles joined Aquatic in 2014 as regional general manager, Europe, Middle East and A
Atlas Professionals Adds Subserv Pro & ORCA
Atlas Professionals has completed the acquisition of a 100% interest in Subserv Pro (SSP) and ORCA Offshore (ORCA). Based in Banbury, the office will expand Atlas’ UK network, bringing together two agencies in the niche markets of ROV, Diving, Inspection and Renewable Energy. Marcus Chandler, Managi
Nexans Subsea Cables for Nasr Oil Field
Nexans’ subsea cables will power the new super complex at the heart of the future development of the Nasr oil field, offshore from Abu Dhabi in the UAE. This follows the award of a contract worth around € 90 millions by the EPC contractor, Hyundai Heavy Industries (HHI), for Nexans to supply high vo
Heerema Gets Another Culzean Project
Heerema Fabrication Group (HFG) has been awarded the Engineering, Procurement & Construction contract from Maersk Oil North Sea UK for the Culzean jackets for both the central processing facilities platform and the utility & living quarter platform. This contract is the second HFG has won for the Cu