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Home›Business & Finance›Highlights of the Week
Business & Finance

January 31, 2016 · about 10 years ago

Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (January 25 – January 31). The MV Fugro Discovery has lost the sonar vehicle deep tow (towfish) being used to search the ocean floor for the missing Malaysian Airline MH370 while conducting search acti

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Subsea World News has put together a recap of the most interesting articles from the previous week (January 25 – January 31).

The MV Fugro Discovery has lost the sonar vehicle deep tow (towfish) being used to search the ocean floor for the missing Malaysian Airline MH370 while conducting search activities in the southern Indian Ocean.

According to the Joint Agency Coordination Centre (JACC), the towfish collided with a mud volcano which rises 2,200 metres from the seafloor resulting in the vehicle’s tow cable breaking.

McDermott has been awarded a subsea umbilical and flowline installation contract by Anadarko Petroleum Corporation in support of its Phase II development of the Caesar/Tonga field located in the U.S. Gulf of Mexico.

Caesar/Tonga Phase II is being developed as a subsea tieback to the Anadarko-operated Constitution spar, located in Block Green Canyon 726 and 727, with the new development in approximately 5,000 feet of water.

FMC Technologies has signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia.

The contract is valued at approximately $180 million for FMC Technologies and includes: subsea production trees, wellheads, manifolds, subsea and topside controls, and flowline connection systems.

Aberdeen headquartered engineering consultancy Project Development International (PDi) has been acquired by Tattva International Holdings.

Tattva International, based in Singapore, is a part of the India-based Tattva Group. The acquisition sees Tattva International take full ownership of all PDi assets from the Ceona Group which is currently in administration.

Offshore contractor Jan De Nul will install two 115 kV cables, supplied by Nexans Norway, for the Marjan Gas Oil Separation Plan (GOSP’s) project executed by McDermott, the company said on Thursday.

Both cables, with a total cable weight of 8,500 tonnes have been loaded and will now be transported and installed in one single trip with Jan De Nul’s cable laying vessel Isaac Newton.

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