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Business & Finance

June 19, 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 (June 13 – June 19). Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently

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Subsea World News has put together a recap of the most interesting articles from the previous week (June 13 – June 19).

Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently a 50:50 joint venture company owned by Ezra and Chiyoda.

Through the acquisition of shares from Ezra and Chiyoda, NYK will own 25% of ECS, with Ezra and Chiyoda retaining 40% and 35% shareholding, respectively, upon completion of the transaction.

Forum Energy Technologies UK has unveiled a deep-water test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen.

The indoor test tank is one of the largest in the North-east of Scotland and is dedicated to testing subsea tooling and survey sensors as well as work-class remotely operated vehicles (ROVs).

Technip USA has awarded a contract to Norwegian offshore contractor BOA for light construction, heavy lift and possible umbilical lay operations and installations in the Gulf of Mexico.

For this scope of work the company said it will utilize its offshore construction vessel Boa Sub C, along with the 400 t AHC main crane supported by the 30 t AHC crane, both OI Millennium WROV’s and the 2500 t carousel.

Egyptian Aircraft Accident Investigation Committee has confirmed the discovery of several main locations of the wreckage of EgyptAir Flight 804, which crashed into the Mediterranean Sea last month.

Survey vessel ‘John Lethbridge’, contracted by the Egyptian government to join the search, has identified the locations and provided the investigation committee with first images of the wreckage.

IHC has introduced a new inter-array cable-laying vessel designed to facilitate more efficient offshore wind farm installations.

The vessel is approximately 106 meters long with breath of 22 meters. According to IHC, the new design should reduce costs for inter-array cable-laying operations by 20 to 30%.

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