Supreme Court Drops PGS Charges Against Armada
The Supreme Court has dismissed claims of €9 million from PGS against Armada in connection with the delivery of 3D seismic vessel Polar Duchess. Earlier this year PGS Geophysical (UK) appealed Gulating Court of Appeal`s decision in favor of GC Rieber Shipping’s subsidiary. To remind, in 2012 Arrow (now PGS Geophysical UK) […]
URI-led Consortium to Operate New Oceanographic Vessel
The National Science Foundation (NSF) has selected the East Coast Oceanographic Consortium, led by the University of Rhode Island’s Graduate School of Oceanography, to operate a new oceanographic research ship, which will replace R/V Endeavor. Owned by NSF and valued at over $100 million, the vessel will be constructed in Louisiana, delivered to Rhode Island […]
Dril-Quip in Sea Lion Deal with Premier Oil
Dril-Quip’s European subsidiary, based in Aberdeen, has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 development located offshore the Falkland Islands. The scope of work includes plans for 23 subsea production systems, including wellheads, trees, control systems, associated production and injection manifolds, […]
Balticconnector Excavation Work Set to Begin in Finland
Baltic Connector Oy is set to start the excavation work for the Balticconnector offshore pipeline in Inkoo, Finland, as a part of the preparatory work for the installation of the pipeline. The first excavation work will be carried out in front of Fjusö in Inkoo with the dredging of the seabed and the preparation of the […]
Kvaerner to Prepare Njord A for Fenja
Equinor has awarded Kvaerner an additional scope at Njord A to enable the platform to receive oil from the Fenja field. The additional scope has an estimated value of approximately NOK 500 million. In March 2017, Kvaerner signed a contract with Equinor for the complete upgrading of the Njord A floating production […]
Fairfield Geo to Acquire OBN Data in Gulf of Mexico
Fairfield Geotechnologies has been awarded a contract by BHP to acquire ocean bottom node (OBN) seismic data in the Alaminos Canyon and East Breaks areas of the Western Gulf of Mexico. The data will be acquired over the 1,004 sq. miles area, the company informed. The survey, located in water depths ranging […]
Akastor Reduces Quarterly Deficit | Subsea World News
Oilfield services investment company Akastor recorded loss of NOK 251 million ($31 million) for the second-quarter 2018 compared to loss off NOK 321 million ($40 million) same time in 2017. Akastor generated profit of NOK 121 million from continuing operations. However, the result for the second quarter was primarily impacted by impairment of […]
Tekmar Energy in New Wins with Orsted
Tekmar Energy has secured an order from Ørsted to supply its patented cable protection system (CPS) TekLink Mecahnical Latch for Borssele I and II offshore wind farm projects. Alongside the order, Tekmar has also won a place on Ørsted’s 6-year framework for providing cable protection system on its future projects. As part […]
Saga Subsea Expand at Killingøy Base
Saga Subsea has entered into a 10-year rental agreement with Karmsund Port Authority to for Hall C at Killingøy offshore and subsea base, where the company operates since its establishment in 2011. The hall contains 200m2 of office space, 870m2 workshop and 200m2 outdoor area. Saga Subsea already has a rental in Hall A, in […]
European Commission Sees EC-OG as Rising Stars
EC-OG were this month named as ‘Rising Stars’ in the European Business Awards for the Environment. After being shortlisted to represent the UK, EC-OG’s Subsea Power Hub was put forward in the ‘Product’ category to the European Business Awards for the Environment jury. With 161 applications from 19 different countries across Europe, […]