Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 09. – October 15). Baker Hughes, a GE company, reportedly held talks with the London-based offshore engineering, construction and services player Subsea 7 about a possible acquisition. Accordi
Seamec Wins Short-Term Charter with IGOPL Offshore
India’s provider of diver support vessel-based diving services Seamec has entered into a contract for charter hire of the vessel ‘SEAMEC III’ with a subsea solutions company IGOPL Offshore. The tenure of the contract, for undertaking a job in Mumbai Offshore, is for about 10 days with option for ext
UWA Heads JIP on Hydrate Risk Management in Jumpers
The University of Western Australia (UWA) is leading a joint industry project (JIP), supported by the Industry Technology Facilitator (ITF), to provide industry with a better understanding of the mechanism of hydrate growth and blockages. The 12-month study, entitled ‘Hydrate Deposit Growth in Subse
Fugro Strengthens Foothold in Taiwan Offshore Wind Services Market
Fugro said it has recently signed a memorandum of understanding (MoU) with International Ocean Vessel Technical Consultant (IOVTEC) to boost its involvement in the emerging offshore wind farm market in Taiwan, following joint projects in the region’s oil and gas sector. Under this MoU, Fugro and IOV
Marine Power Systems Enters New Phase of WaveSub Trials
Marine Power Systems (MPS), a wave power technology development company based in Wales, UK, said it will unveil its quarter-scale, prototype WaveSub wave energy generator, marking its move to a new, sea-based phase of its development. Designed to operate around 10 kilometers from shore, the WaveSub
Subsea UK: Last Call for 2018 Awards Nominations
Industry body, Subsea UK has issued a final call for entries ahead of its 2018 business awards. The awards recognise companies and individuals who are leading the way in Britain’s £9-billion subsea sector. Entries are being sought for the subsea company of the year (large and small), the most promis
MDL Delivers Its Biggest Reel Drive System to Oceaneering
Oceaneering has taken delivery of an 800-tonne SWL (safe working load) reel drive system from Maritime Developments (MDL). The modular system will be used to deploy and retrieve SURF products (subsea umbilicals, risers and flowlines) on board the company’s new-built multi-service vessel, Ocean Evolu
Offshore Energy Exhibition & Conference 2017 – Celebrating 10 Years of Offshore Energy
Offshore Energy Exhibition & Conference brought together over 550 exhibitors and 12,145 visitors in halls 1, 2 & 5 of Amsterdam RAI. While the number of exhibitors slightly decreased compared to 2016, the visitor number increased. The conference attracted over 1,300 delegates who attended 20 session
OceanWorks Strengthens Team as Grob Returns as Technical Director
Subsea solution engineering company OceanWorks International has welcomed back Harald Grob as technical director. Having spent almost half of his 30+ years of experience with OceanWorks, it’s a befitting role that Grob takes on; leading the technical staff and providing innovative solutions to Ocean
RED Engineering Monitoring Tech for Beatrice Jackets Installation
RED Engineering has developed new monitoring technology to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Beatrice Offshore Wind Farm project in the Moray Firth, Scotland. The development by the North East-based firm of engineers features re
ONGC Hands Daman EPCIC Work to L&T
L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro, has secured an offshore contract from Oil & Natural Gas Corporation (ONGC) for the transportation and installation on Daman Development Project. The contract encompasses total engineering, procurement, construction, install
Benbecula Subsea Services Buys Lift-Rite Group
Ryecroft Glenton Corporate Finance and Square One Law have advised on the sale of Lift-Rite Group to Benbecula Subsea Services, a business led by Ally MacDonald, former CEO of Wellstream and MD of Technip Umbilicals and current chairman of Tekmar Energy. Lift-Rite Group, which is based in Wallsend,
Forum Estimates Q3 Revenue at $200M After Harvey Effect
Houston-based oilfield products company Forum Energy Technologies has said it expects third quarter revenue of approximately $200 million and a net loss of approximately $0.20 per diluted share in the third quarter 2017. Excluding approximately $0.10 per share of special items for taxes, restructuri
OEEC: Video Highlights of Day 2
Here are some of the highlights of the final event day at the Offshore Energy Exhibition & Conference 2017 held at Amsterdam RAI on October 11. The event, celebrating its 10-year anniversary, focused on the theme “transformation through collaboration”. The day 2 of the event has seen some inspiring