Subsea
ASV Global Appoints New UK Managing Director
Autonomous vessel technology developer, ASV Global, has named Mark Exeter as the new managing director of its Portchester, UK office. Exeter’s predecessor, Dan Hook, moves into a new role as senior director – Business Development focusing on further market expansion. Thomas Chance, CEO of ASV Global
Kitron Inks 5-Year Deal with Kongsberg Maritime
Kitron has signed a frame agreement with Kongsberg Maritime with a potential value of NOK 200 million for the next five years. Kitron will produce and deliver existing and future electronic modules and products to Kongsberg Maritime and actively collaborate on design, development, industrialization
BW Offshore, Addax Agree Sendje Berge FPSO Contract Extension
Addax Petroleum Exploration (Nigeria) has withdrawn contract termination notice for the Sendje Berge FPSO following the contract extension with BW Offshore’s subsidiary. Sendje Berge Limited, a subsidiary of BW Offshore, and Addax have agreed terms of the contract extension for the FPSO on the Okwor
Byron Sets Up South Marsh Island 71 Oil & Gas Lines
Byron Energy, the operator of the South Marsh Island 71 (SM 71) oil and gas development, has completed the installation of the 500 foot 4-inch oil and 7,000 foot 6-inch gas pipelines. Each pipeline has been laid and buried to within tie-in distance to the SM 71 F platform location and their respecti
Helix Trims Q3 Profit
Offshore services player Helix Energy Solutions has recorded lower profit in the third quarter of 2017. On revenue increase of some $2 million year-over-year, the Houston-based well intervention and robotics specialist generated net income of $2.3 million, or 2 cents per diluted share, against some
BW Catcher FPSO Arrives to North Sea; Commissioning Underway
BW Offshore informed that the BW Catcher floating production storage and offloading (FPSO) vessel has arrived at the Catcher field in the central North Sea on Wednesday. The hook up of the submerged turret production (STP) buoy mooring system was completed on Thursday with the vessel completing a ro
NEC Europe Names New President and CEO
NEC Europe has appointed Hironobu Kurosaki as president and CEO. In this role, Kurosaki will lead the growth of NEC Europe’s business for a broad range of customers spanning across its key business segments of public safety, public IT services and telecom carrier solutions in the EMEA region (Europe
Expro Launches New TCP Gun System
Expro has launched a new extreme high pressure tubing conveyed perforating (TCP) gun system. Designed specifically for challenging deep water environments in the Gulf of Mexico (GoM), the Extreme Pressure Series 30,000 PSI TCP gun system utilities super big hole charge technology, providing area-ope
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 16 – October 22). Solstad Farstad has agreed to sell its 50% of the shares in the 50/50 owned joint venture company Normand Oceanic AS to Subsea 7. Normand Oceanic is the vessel owning entity
Shell Divests from Polarled and Nyhanma
Shell, has entered into an agreement with CapeOmega for the sale of Shell’s 9.02% stake in the Polarled offshore gas pipeline and 3% of the 15.03% stake in the gas plant Nyhamna, one of the largest gas-processing plants on the Norwegian continental shelf. CapeOmega is owned by HitecVision, acquisiti
Boa Pursues Money-Back Enforcement Over Cancelled Vessel Order
Norwegian offshore vessel owner Boa has initiated an enforcement procedure against Fevamotinico S.á.r.l. over missed deadline related to a refund of advance payments Boa IMR had made prior to cancellation of a shipbuilding contract with Noryards Fosen back in September 2015. Namely, on October 5 thi
MODEC Nets Petrobras Sepia FPSO Deal
MODEC has signed a contract for the supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with Petróleo Brasileiro (Petrobras). The firm charter period of the contract is 21 years. The FPSO will be deployed at the Sépia field operated by Petrobras, located in
Vattenfall Starts Construction of Horns Rev 3 OWF
Vattenfall has informed that construction work is set to begin on Denmark’s largest offshore wind farm, Horns Rev 3, in October. The project will kick off with the Vattenfall’s installation of the first of a total of 49 foundations in the North Sea. “Horns Rev 3 is the first of three offshore farms
Ocean Infinity to Hunt for MH370
The Malaysian government is entering into an agreement with Ocean Infinity to search for Malaysia Airlines flight MH370, Darren Chester, Australia’s minister for infrastructure and transport said on Thursday. Namely, the Malaysian government has accepted the earlier announced offer from Ocean Infini