Subsea
CGG Gets Green Light for Restructuring Plan
CGG said that its shareholders have approved all the resolutions required to implement the financial restructuring plan. Jean-Georges Malcor, CEO of CGG, said: “We thank the shareholders for their decisive support for the future of the company. This favorable vote is a new key step forward in the im
Trelleborg Forms Subsea Storage Pact with Safe Marine Transfer
Trelleborg’s offshore operation has signed a strategic alliance agreement with Safe Marine Transfer to collaboratively mature and commercialize Safe Marine Transfer’s subsea chemical storage and injection system. Art J. Schroeder, Jr. Principal with Safe Marine Transfer, states: “After performing ev
Carnegie Updates CETO 6 Design
Carnegie Clean Energy has updated the design of its commercial prototype CETO 6 unit. The new CETO 6 unit will have a nominal capacity of 1.5MW up from 1MW for the previous design. This capacity will vary in accordance with the specific site conditions for each project and the specific design tailor
Fugro Adds MV Kobi Ruegg Survey Vessel to Its Fleet
The newly named MV Kobi Ruegg has joined Fugro’s vessel fleet and is set to begin its first project in the Egyptian sector of the Mediterranean Sea. Working on behalf of Saipem, Fugro will deploy its large diameter piston core system to collect soil samples in the Zohr gas field, and geophysical sur
DOF Wins Skandi Olympia Extension with Fugro
Fugro has extended the firm contract with DOF for Skandi Olympia in the North Sea until end September 2018. Skandi Olympia is a multipurpose field support vessel, configured by Fugro Subsea Services to carry out offshore infrastructure inspections. Built in 2009, the 79.6 meters long vessel accommod
NKT Preferred Bidder for Moray East Export Cable
NKT has signed a preferred bidder agreement (PBA) for delivery and installation of export cable for the Moray East offshore wind farm, developed by Moray East Offshore Windfarm Ltd (MOWEL), owned by EDP Renováveis and ENGIE. A PBA is a key step towards a final order which is conditional upon final n
Ocean Discovery XPRIZE Semifinals Round 1 Involves Site Visits
XPRIZE has announced updates to the first round of testing for the 19 semifinalist teams competing in the $7-million Shell Ocean Discovery XPRIZE. Before Hurricanes Irma and Maria, the deep sea off the southern coast of Puerto Rico was chosen as the original Round 1 Field Test location for the 19 se
PSA Inspects Statoil’s Johan Castberg Subsea Solutions
Patroleum Safety Authority (PSA) Norway has carried out an audit of subsea solutions at Statoil’s Johan Castberg project. The objective of the audit was to verify that, in the early stages of Johan Castberg, Statoil is planning and engineering in accordance with internal and regulatory requirements,
Huawei Marine, Tropical Science Begin PEACE Subsea Cable Work
Huawei Marine has, in conjunction with Tropical Science, started work on desk study and marine survey for the construction of the Pakistan East Africa Cable Express (PEACE) submarine cable. The cable, with a total length of 13,000km, will connect South Asia (Pakistan) and East Africa (Djibouti) and
L&T Bags Another ONGC Deal
L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has won an offshore contract for the balance work for pipeline replacement project-4 from Oil & Natural Gas Corporation (ONGC). To remind, L&t has also recently secured a $177-million contract with ONGC for the
CGG Books $124M Loss
French seismic contractor CGG has reported net loss of $124 million for the quarter ended September 30, 2017, against net loss of $88 million same time last year. For the third quarter 2017, the company generated $320 million in revenue and EBITDA of $90 million, against revenue of $264 million and
PSA Checks Flexible Pipelines at Statoil
Petroleum Safety Authority (PSA) Norway has carried out an inspection of flexible pipelines at Statoil. The objective of the audit was to verify that Statoil is following up on challenges involving flexible pipelines using an integrated approach, and that the pipelines are operated in compliance wit
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 06 – November 12). The National Subsea Research Initiative (NSRI) is looking for a new director who will replace current project director, Dr Gordon Drummond, who is returning to Subsea 7 fol
ISCF Sets £68M for Robotics and AI Development
The Industrial Strategy Challenge Fund (ISCF) is awarding £68 million to the latest ground-breaking research and innovation projects in robotics and artificial intelligence systems. The awards announced today are part of the government’s £93 million of funding for the robotics and artificial intelli