GC Rieber Shipping has scored a charter deal with DOF Subsea Norway for one of its subsea vessels. The 111 meters long CSV Polar King will start its work for DOF in April, for a fixed period of 100 days. According to GC Rieber, DOF has the option to extend the charter contract for five […]
Subsea World News has put together a recap of the most interesting articles from the previous week (March 02 – March 08). Oil services company Subsea 7 has plunged into the red on fourth quarter revenue drop and hefty impairment charge, following a downward revision of forecast activity levels, driv
SPT Offshore has been awarded the design, fabrication and installation of the suction pile foundation for Statoil Siemens Dudgeon Transformer Substation to support Sembmarine SLP being the main fabricator for this substation. Sembmarine SLP has been awarded a contract to design and build the offshor
BP has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12 billion by BP and its partner. Production from WND is expected to reach up to 1.2 billio
Oslo-listed Subsea 7 is considering a potential downsize of its fleet as it looks to cut down costs amid offshore oil & gas Exploration & Production slowdown. The seabed-to-surface engineering contractor revealed it had recognised a prospect to reduce its fleet by 10 vessels, over a two year period,
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP. Through this merger, IHC is taking the next step in offering a fully integrated solution
Energinet.dk, the Danish power transmission company, has appointed Hollandia Offshore with the procurement, fabrication, load out and transport of the Horns Rev C Jacket. The Jacket is to be installed in the Horns Rev 3 Offshore wind farm near the Danish Coast. The scheduled delivery date is April 2
AWE Limited as Operator of PMP 38158 has advised that the Pateke-4H subsea tie-back and installation project kicked off on Thursday March 5, with the arrival of the DOF Subsea Diving Support Vessel, the Skandi Singapore, at the Tui area. Tui area oil fields are located approximately 50 kilometres of
Leading ocean scientists from the U.S. and around the world today urged President Obama to halt a planned oil and gas exploration program off the Atlantic coast that would have “significant, long-lasting and widespread impacts on the reproduction and survival” of threatened whales and commercial fis
Geokinetics has successful launched its AquaVib™ Marine Vibrator, in full production mode, on a Geokinetics ocean bottom crew working in the Gulf of Mexico. According to Geokinetics , the AquaVib™ Marine Vibrator has been long awaited as an alternative to existing compressed air sources with its muc
UK’s Caley Ocean Systems and US’ Umbilicals International have partnered up to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems. Caley Ocean Systems specializes in offshore handling systems, and Umbilicals International
Telekom Malaysia (TM) has signed a Memorandum of Understanding (MOU) with TT dotCom (TTdC), a wholly-owned subsidiary of Time dotCom Berhad (TIME) for the development and construction of a new submarine cable system, called the “Sistem Kabel Rakyat 1 Malaysia (SKR1M)”. TM was awarded a contract, via
Australian energy company WHL Energy Limited reported that the detailed interpretation of the Junon PreSTM 3D data has firmed up key prospects in the Junon area which were initially identified by the previous regional 2D seismic survey. Four key structures have been high-graded within the Junon 3D a
French vessel owner and provider of marine and subsea services, Bourbon, has seen its profit slump on client capex cuts and higher costs. Despite revenue growth, the company recorded a 31.2 percent net income slip of €98.7 million in 2014, from €143.4 million in 2013, down €44.7 million . Net income
