GC Rieber Shipping has agreed with Nexans to extend the charter of the construction support vessel (CSV) Polar King. The extension is valid for additional two months, making the charter firm until September 2020. The extended period is in direct continuation of the ongoing charter, which started in
Wintershall Dea has installed two manifolds in the templates on the seabed of its Nova field project located offshore Norway.
Oceaneering board has approved voluntary base salary reductions of the executive management and other members of senior management. Effective 1 May, the company’s CEO Roderick A. Larson agreed to base salary reduction of 15 per cent. Base salaries for executive level, including the executive leaders
Saipem has won a gas pipeline transportation and installation contract between Denmark and Poland in the Baltic Sea. The contract, signed by its controlled subsidiary in U.K. Saipem Ltd, is worth approximately 280 million euro. The Baltic Pipe Project is a strategic infrastructure project between GA
2H Offshore has installed another lightweight, conductor supported, minimum facility wellhead platform offshore Sarawak, Malaysia. The Acteon company delivered the concept, detailed design, transportation and installation of the platform in 35 metres water depth. The work is part of the D18 Phase 2
The International Marine Contractors Association (IMCA) said that Phil Towers has joined its team as Technical Adviser – Diving. Towers has experience in the subsea construction industry having held diving roles with operators BP, ExxonMobil, Qatargas and Repsol Sinopec. He also spent major part of
A comprehensive cost reduction programme is being developed and will be announced in the second quarter.
Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Exclud
Island Offshore vessel Island Victory is working for Ocean Installer in the Barents Sea installing two subsea frames at the Askeladd field. This is so far the heaviest lift by an Island Offshore vessel, with a load of 175.2 tonnes in the crane hook. “This is a milestone within subsea operations for
Aker Solutions and Ocean Installer have completed umbilical loadout for CNOOC Liuhua project ten days ahead of schedule. Six umbilicals totaling 115 kilometers have been loaded onto the CSV Connector from Aker Solutions’ facility in Mobile, US. Aker Solutions won orders to deliver dynamic and static
IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding. Eastern Mediterranean (EastMed) is a 1,900 kilometers long natura
2H Offshore, a riser and conductor specialist in subsea services group Acteon, has made several promotions within the organization. Yussof Ismail is the new director of the 2H Kuala Lumpur and will co-manage the business with Shreenaath Natarajan. As a result, they will together lead the day-to-day
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. Tec
Rever Offshore has been awarded a major contract from Perenco UK in the Southern North Sea. The contract was awarded as a part of the larger Southern Hub Area Redevelopment Project (SHARP), comprising two campaigns which will take place over the course of the next 18 months. Under the contract, Reve
