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Home›Business & Finance›Subsea in February
Business & Finance

March 3, 2016 · about 10 years ago

Subsea in February

Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. In February, the industry was saddened by the death of a young diver from Karmoy, who reportedly ran out of air after getting stuck underwater during maintenance

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Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month.

In February, the industry was saddened by the death of a young diver from Karmoy, who reportedly ran out of air after getting stuck underwater during maintenance work on a platform at Westcon’s shipyard in Ølensvåg.

More bad news came from Norway when Aker Solutions informed its employees in maintenance, modifications and operations (MMO) division it will temporary reduce wages of senior management by 10 percent while the remainder of the staff will see reductions of 5 percent.

On a brighter note, major players, such as Technip and Subsea 7 confirmed significant contract awards despite tough times in the industry. Subsea 7 landed a three-year frame agreement, with four one-year options, for six North Sea clients and secured a $750-million deal offshore Egypt from BP. Technip was successful in scoring a job on one of the largest oil fields in the North Sea, Johan Sverdrup and in Gulf of Mexico for its pipelay vessel the Deep Blue, while its spoolbase in Mobile, Alabama, USA will be busy fabricating flowline system for the same project.

Other interesting stories came from Bibby Offshore who is said to have developed a new vessel share option for clients, and from Saipem who filed a €759 million claim against Gazprom over the scrapped South Stream pipeline project.

For the month of February, our 10 most-read articles were:

Diver Dies After Accident in Norway Bibby Offshore in New Vessel Share Option

Aker Solutions to Trim Salaries Subsea 7 Scores Long-Term Gig Off UK

Saipem Hits South Stream with €759M Claim A2SEA’s Barge Capsized Off Denmark

North Sea Giant Docks at Aibel Helix Plunges into Red

Technip Confirms Statoil Contracts Technip Scores GoM Subsea Prize

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