Aberdeen-based well management specialist, Exceed, has secured a contract to support Fairfield Energy in its upcoming North Sea well plugging and abandonment campaign. Fairfield’s program includes 45 platform wells and 16 subsea wells, all of which will be plugged and permanently abandoned. The deco
The Netherlands-based Royal Boskalis Westminster N.V. has signed a Letter of Intent to acquire offshore activities from compatriot VolkerWessels. Under the intended transaction, Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, which include VBMS, Stemat an
S. B. Submarine Systems, a joint venture between China Telecom and Global Marine Systems UK, (SBSS) has been awarded the contract for ROV inspection of the Hainan 500kV cable system by China Southern Grid. SBSS said it will mobilize its cable ship Fu An and Sea Lion III ROV from Shanghai to undertak
Subsea World News has put together a recap of the most interesting articles from the previous week (February 29 – March 06). Oil services company Subsea 7 has recorded a loss at the end of fourth quarter on high impairments and lower fleet activity. In the fourth quarter 2015, the Oslo-listed firm b
Femern, a subsidiary of the Danish state-owned Sund & Bælt Holding, has today announced its intention to award a contract related to the construction of a tunnel connecting Denmark and Germany to the Fehmarn Belt Contractors consortium including Boskalis. Besides Boskalis, the consortium includes Ho
RTE, the electricity transmission system operator of France, has issued call for bids for subsea cable laying studies services for projects located in metropolitan France, outside France and in Europe. The studies involve marine navigation and fishing and the associated risks for energy cables. Name
Clean Sea, proprietary technology designed by Eni’s research laboratories, will be used for the first time for marine environmental monitoring and offshore asset inspection in the Mediterranean region and West Africa. Clean Sea is the result of one of Eni’s most recent R&D projects, focusing on envi
Elia, Belgium’s electricity transmission system operator, has issued a tender invitation for providers of seabed survey and seasoil sampling on the East Coast of Belgium for submarine power cables and an offshore platform. Elia plans a high-voltage substation located on an offshore platform in the N
The European Commission has found the Host Government Agreement between the Greek authorities and the Trans Adriatic Pipeline to be in line with EU state aid rules. The project should improve the security and diversity of EU energy supplies without unduly distorting competition in the single market.
Guangdong Jingyin Machinery Co. Ltd. and China Ming Yang Wind Power Group Limited have signed an agreement to cooperate on the development of offshore wind services through a joint-stock company – Zhejiang Huayun Hai Yang Engineering and Technology Services. The two companies agreed to collaborate o
McDermott has been awarded a contract by an undisclosed oil and gas operator for a project offshore in the Middle East. The scope includes engineering, procurement, fabrication, transportation and installation of offshore pipelines. Engineering and offshore mobilization of McDermott’s in-house vesse
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
French seismic contractor, CGG, has widened its loss in 2015, despite improved quarterly results, on high impairment and non-recurring charges, and as the market slump drove the revenues down by some 32 per cent. In the fourth quarter 2015, CGG generated revenues of $589 million, down 35 per cent co
Ocean Networks Canada (ONC), an initiative of the University of Victoria, will develop a regional earthquake early warning system for southern British Columbia. Naomi Yamamoto, minister of state for emergency preparedness, announced that $5 million will go to Ocean Networks Canada (ONC) and their pa
