Subsea
Korean Coast Guard Takes Saab Seaeye Falcon ROV
The Korean Coast Guard has ordered a Saab Seaeye Falcon remotely operated vehicle (ROV) for undersea investigations and research. The order follows the sinking of the MV Sewol ferry in 2014, resulting in the deaths of 304 passengers, that generated a need for more response resources including underw
SeeByte Bags US Navy Deal
SeeByte has been awarded a Naval Sea Systems Command five-year contract valued at $22.6 million to provide engineering, technical support, and training services for the MK18 unmanned underwater vehicle (UUV) family of systems (FoS). The award allows the government to execute task orders with SeeByte
Prosafe Wins Accommodation Deal with TechnipFMC
Semi-submersible accommodation vessels operator Prosafe has won a contract to support TechnipFMC in Bahr Essalam Phase II development in the Central Mediterranean Sea. The Oslo-listed company is acting as commercial manager for the Axis Offshore-owned ‘Safe Swift’ monohull accommodation vessel which
Vroon PSVs Support TechnipFMC Mediterranean Subsea Campaign
Dutch-based shipping company Vroon has informed that its two vessels VOS Patience and VOS Partner recently started a charter for TechnipFMC. The two platform-supply vessels (PSV) were delivered in Malta and will support TechnipFMC, supplying pipelines and subsea materials to TechnipFMC’s constructio
EBRD Acquires Stake in Black Sea Oil & Gas
European Bank for Reconstruction and Development (EBRD) has become a minority shareholder in the Black Sea Oil & Gas (BSOG) company. BSOG, who is currently backed by The Carlyle Group, informed that EBRD will receive one board seat as part of the investment. The transaction is significant for BSOG a
Olympic Subsea Expects Slow Market Recovery
Olympic Subsea has reported consolidated net revenues of NOK 200 million for the third quarter of 2017. Earnings before interest, tax & depreciation (EBITDA) was NOK 84 million and net profit after tax was negative NOK 36 million ($4.36 million). The Norwegian shipowner said it has seen increased ac
Siem Offshore Ends Cable Lay Business Sale Talks with Subsea 7
Siem Offshore, a Norwegian shipping company, has terminated discussions about the potential sale of its cable lay business Siem Offshore Contractors GmbH (SOC). The discussions were held with Subsea 7 due to the strategic fit between Subsea 7’s renewables business and Siem Offshore Contractors’ cabl
VBMS Launches New Subsea Cable Storage and Handling Base
VBMS has expanded its subsea cable storage and handling facilities as it looks to provide its clients with a one-stop shop for subsea power cable installation and repair solutions. The Boskalis subsidiary has opened a new ISPC-certified cable storage facility at the port of Vlissingen in the Netherl
COSCO Delivers Another Stingray to MSS
COSCO (Dalian) Shipyard has delivered the subsea support vessel “Maersk Involver” to offshore marine contractor Maersk Supply Service (MSS). The delivery follows the “Maersk Installer”, who was handed over in October this year. The two vessels are part of the $470-million contract a subsidiary of CO
4Subsea and RusselSmith Enter Subsea Asset Integrity Pact
RusselSmith Nigeria has sealed a technical partnership with Norwegian company 4Subsea to collaboratively deliver solutions for ensuring the lifespan of subsea assets. This partnership will see RusselSmith improve its monitoring and repair services for flexible pipes, umbilicals and ancillaries. Of p
Deep Down Scores Over $4M in West Africa
Deep Down, an oilfield services company, said it has received orders for subsea equipment valued at over $4 million directly from two West African operators, one of whom is said to be a new customer. The orders include a full suite of Deep Down’s own Multi-Quick Connect (MQC) plates, some of which w
IMCA Names New Head of Communications
International Marine Contractors Association (IMCA) has appointed Achilleas Georgiou as a head of Communications. Achilleas Georgiou joins IMCA from Amec Foster Wheeler. Prior to the role in Amec Foster Wheeler he managed corporate communications for two of IMCA’s member companies – McDermott Intern
Orca Subsea Becomes UK Distributor of PartnerPlast Equipment
Orca Subsea has signed a deal to become the sole UK supplier for PartnerPlast’s offshore equipment. As part of the deal, Orca will provide buoyancy and other assorted products; focusing on offshore and subsea, rotational moulding and aquaculture. Callum Masson, commercial director at Orca Subsea, sa
Trelleborg Business Area President Steps Down
Trelleborg has informed that Fredrik Meuller will leave his position as business area president of Trelleborg Offshore & Construction effective December 31, 2017. The announcement comes after Trelleborg’s decision on a number of strategic measures as a consequence of the ongoing review of its offsho