Nexans to Provide Umbilicals for BP’s Mad Dog 2 in GoM
BP has selected Nexans to supply umbilicals for the second stage of the Mad Dog field development in the Gulf of Mexico. Within an existing five-year frame agreement, BP has ordered Nexans’ static and dynamic umbilicals and accessories that will be deployed in water depths from approximately 1,280 m to 2,160 m […]
Maersk Supply Service Kicks Off Seabed Minerals Environmental Study
The Maersk Supply Service multi-purpose vessel, Maersk Launcher, has left San Diego port for its first deep sea mineral offshore study. The departure marks a milestone for Maersk Supply Service’s work with deep sea metal company, DeepGreen. MSS began working with DeepGreen in 2017, to bring marine knowledge to the development of a method for […]
Van Oord Awards New Subsea Cable Protection Contracts to Tekmar
Cable protection specialist for offshore wind farms, Tekmar, has been awarded multiple contracts by Van Oord to supply its systems for both the Deutsche Bucht and BorWin3 projects. For the Deutsche Bucht, located in the German Bight, 95 kilometres northwest of the island of Borkum, Tekmar will supply its CPS to protect […]
Saipem Slips into Red on 15 Pct Lower Revenues
Italian oilfield services player Saipem has reported loss in the first quarter of 2018 of €2 million ($2.4 million), on revenues of €1.91 billion ($2.32 million). This result compares to profit of €47 million ($57.2 million) on revenues of €2.23 billion ($2.71 billion). Revenues fell some 15 per cent year-over-year. Adjusted result […]
UAE Divisions of Flowline and Motive Join Forces
Flowline Specialists FZE, the United Arab Emirates arm of Flowline Specialists, and Motive FZC, a part of Motive Offshore, have joined forces on projects in the Middle East and North Africa. The move will see Flowline Specialists FZE and Motive FZC jointly bid on projects in the region, providing a more cost-effective and […]
Oceaneering Posts Quarterly Loss | Subsea World News
Subsea engineering specialist Oceaneering has reported net loss of $49 million, or 50 cents per share, for the three months ended March 31, 2017. Adjusted net loss was $40 million, or $41 cents per share. During the corresponding period in 2017, the Houston-based company reported net loss of $7.5 million, or $8 […]
Aker Solutions Opens Upgraded Aberdeen Services Hub
Aker Solutions has officially opened its upgraded Aberdeen services facility to help capture subsea sector growth. “Our investment in the Aberdeen services base demonstrates our commitment to the North Sea, a mature basin where we see opportunities,” said Sian Lloyd Rees, Aker Solutions’ UK country manager. “It’s also part of our wider […]
BP Names Helge Lund as Its New Chairman
BP has appointed Helge Lund to succeed Carl-Henric Svanberg as the chairman of the company. Lund will join the BP board as chairman designate and a non-executive director on September 01, 2018, and will have a base in London. Lund, who is also chairman of Novo Nordisk in Denmark, will stand down […]
Red Ink for Subsea 7
Oslo-listed Subsea 7 has booked loss in the quarter ended March 31, 2018 on revenue drop of 10% due to lower activity levels in all business units and forex losses. The subsea engineering and construction specialist posted quarterly loss of $18 million, or $3 cents per diluted share, on revenue of $809 million, versus profit of […]
Oregon University Submits Wave Test Site License Application
Oregon State University has submitted a plan for the construction and operation of a wave energy test site off the Oregon coast. The project is designed to allow commercial wave energy developers the opportunity to test different technologies for harnessing the untapped energy of ocean waves, OSU explained. Submitting the draft license application to the […]