Subsea
Wärtsilä Goes ‘Ultra Silent’ for Faroese Research Vessel
The technology group Wärtsilä will supply an ultra-silent propulsion package for a new research vessel to be built for the Faroe Islands Marine Research Institute. The solution is made possible through Wärtsilä’s in-house competences in silent diesel generator sets, propeller shaft lines, and electr
Kreuz Subsea Names New CEO and COO
Singapore-based subsea service provider Kreuz Subsea has appointed AJ Jain as its new chief executive officer and Balaji Bhashyam as chief operating officer. Jain was previously managing director at Harkand Group where he was responsible for operations in North America and Africa. Prior to Harkand,
Maersk Forza in Russian Helicopter Salvage
A Russian Mi-8 helicopter, operated by Konvers-Avia, that went missing on October 26, has been found on the ocean floor north-east of Heerodden, Svalbard, at a depth of 209 meters. The helicopter was on its way from Pyramiden, an abandoned Russian mining site, to Barentsburg when it fell into the se
InterMoor Gets New CEO
InterMoor has named Mark Jones, global chief executive officer. Key objectives of this new role include building more structure and greater collaboration among business units, focusing on areas of growth and mobilizing new services across the regions, with the goal of strengthening InterMoor’s globa
IOG Files Vulcan Satellites Plan
Independent Oil and Gas (IOG) has submitted the field development plan (FDP) for the Vulcan satellites hub development to the UK Oil and Gas Authority (OGA). The Vulcan satellites FDP covers the three 100%-owned and operated Southern North Sea gas fields recently officially renamed as Southwark, Nai
Nexans Fixes More Beatrice Export Cable Work
Nexans Norway is set for the installation of the second section of the export cable at the Beatrice offshore wind farm in the Outer Moray Firth. The work is set to begin on November 02, 2017. According to Beatrice Offshore Windfarm Ltd. (BOWL) notice, the second length of export cable EC1 (EC1-2) wi
Dril-Quip Posts Q3 Loss
Dril-Quip has reported net loss of $29.3 million, or $0.78 per diluted share, for the three months ended September 30, 2017, versus net income of $19 million, or $0.51 per diluted share, for the third quarter of 2016. Total revenues were $100 million during the quarter, down 19 percent compared to $
Forum Chops Loss and Ups Revenue Despite Harvey Impact
Forum Energy Technologies recorded net loss in the third-quarter 2017 of $15 million, or 15 cents per diluted share, compared to net loss of $78 million, or 81 cents per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $78 million, or 81 cents per diluted share. Ad
Swire Seabed Confirms Siem Stingray Charter
Swire Seabed said it has signed a bareboat charter with Siem Offshore for up to three years bareboat of Siem’s LCV, Siem Stingray. The contract was announced by Siem Offshore on Oslo Stock Exchange earlier on Monday, without disclosing the other charter party. Siem Stingray, which will be re-named S
Danish Energy Minister Approves Viking Link Cable
The Danish Minister for Energy, Utilities and Climate, Lars Christian Lilleholt, has approved Energinet’s investment in the Viking Link power cable connecting Denmark and Great Britain. “This is really good news. Viking Link to Great Britain and an upgrade of the power grid in western Jutland will c
Flowline Specialists Delivers Subsea Project in Middle East
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a subsea umbilical, riser and flexible (SURF) lay project in the Middle East. Flowline Specialists FZE was contracted to assist in laying various flexible
Companies Team Up to Build Optical Subsea Cable Between Asia and US
A consortium comprising of NTT Communications, SoftBank, Facebook, Amazon, PLDT and PCCW Global, has signed an agreement to participate in the construction and maintenance of the JUPITER optical submarine cable between Asia and the United States. The JUPITER cable system will have a total length of
Nord Stream Pipeline Gets New DNV GL Integrity Confirmation
DNV GL has issued a new certificate confirming the continued integrity of the Nord Stream pipeline system through the Baltic Sea for a five-year period until 2022. The Nord Stream pipeline was designed and built according to the certifying body’s Offshore Standard DNV OS-F101 for Submarine Pipeline
GeoSea Nets Moray OWF East Substructures EPCI Deal
GeoSea has entered into an engineering, procurement, construction and installation (EPCI) contract with the Moray Offshore Windfarm East (MOWE). The contract covers EPCI of around 100 wind turbine foundations and 3 offshore substation platform foundations, and the transport and installation of 3 off