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Business & Finance

June 28, 2015 · about 11 years ago

Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (June 22 – June 28). Technip UK has been fined £160,000 by Aberdeen Sheriff Court after admitting a breach of regulations covering health and safety of workers. Namely, in March 2009, David Stephenson

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Subsea World News has put together a recap of the most interesting articles from the previous week (June 22 – June 28).

Technip UK has been fined £160,000 by Aberdeen Sheriff Court after admitting a breach of regulations covering health and safety of workers.

Namely, in March 2009, David Stephenson died working as rigger on the diving support vessel the Wellservicer, a UK-flagged ship operated by Technip UK Limited.

Red7Marine, a service provider for offshore oil and gas, marine renewables, subsea engineering and marine civil engineering, has gone into administration, with 47 jobs lost.

Administrators from Ernst & Young (EY) have been appointed at Red7Marine Group Ltd, Red7Marine Ltd and Red7Marine Offshore Ltd.

Forsys Subsea, a 50/50 joint venture between FMC Technologies and Technip, was officially launched earlier this month.

We were interested to learn more about one of the biggest alliances in the subsea industry, and and you can read all about it what both companies had to say in a joint interview with Subsea World News.

As part of these developments Shah Deniz has recently awarded two further contracts in support of the development of future flanks following first gas in 2018.

The two newly-awarded contracts, which follow on from the key Stage 2 contracts announced earlier, include: A $297 million contract for the supply of the subsea production system (SPS) hardware has been awarded to FMC Kongsberg Subsea AS. A $66 million contract for the second of three planned batches of subsea production trees and ancillaries required for the full field development has been awarded to OneSubsea (UK) Ltd.

Canyon Offshore, subsea remotely operated vehicle (ROV) operator, has mobilized two new UHD-III ROVs to the Grand Canyon II vessel.

The Grand Canyon II is designed to perform a broad range of subsea operations, with DP3-class station keeping for work in severe weather conditions. It features a 250T heave compensated crane, facilities to launch port and starboard side ROVs simultaneously.

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