Castoro 10 Prepares for Nord Stream 2 Pipelaying
The offshore installation barge ‘Castoro 10’ (C10) has started preparatory works for Nord Stream 2 pipelaying in the Baltic Sea. The C10 assumed its starting position with the help of its eight anchors in the shallow waters of Lubmin, Germany. During operations, pipe segments are welded together on board the vessel and pulled ashore […]
Solstad Farstad Secures Contracts for Two Vessels
Solstad Farstad (SOFF) has secured contracts for two of its construction support vessels (CSVs) Nor Australis and Normand Pacific. The company has entered into a contract with Magseis for the CSV Nor Australis for operations in South East Asia using proprietary MASS nodes. The project includes several major oil companies as end clients, the […]
Saipem Posts Wider 1H Loss, Maintains 2018 Guidance
Italian oilfield services player Saipem has reported loss in the first half of 2018 of €323 million ($377.5 million), on revenues of €3.8 billion ($4.4 billion). This result compares to net loss of €110 million ($128.6 million) on revenues of €4.6 billion ($5.4 billion) for the first six months of 2017. For […]
Sabertooth Pairs with Smartrak | Subsea World News
Innovatum has teamed up its Smartrak magnetic sensor system to a Saab Seaeye Sabertooth autonomous robotic vehicle to hunt down and survey buried submarine pipelines, energy cables and communication cables. The Sabertooth is said to be the only autonomous vehicle able to handle the out-rigged Smartrak as the smallest survey system of its type. […]
IWCF Initiates Course to Cut Human Error in Oil and Gas Incidents
A new training initiative to help prevent oil and gas incidents by focusing on human behaviours has been launched free to industry by the International Well Control Forum (IWCF). Experts in human factors and strategic leadership developed the online training course with IWCF, the independent, not-for-profit organisation which sets international training standards for well control. […]
Incus Investor Appoints Interim CEO
Oslo-listed Nordic industrial investment company Incus Investor has appointed Kjetil Flesjå as its acting CEO until a new one is recruited. Flesjå is also Incus’ chief financial officer and will hold both positions in this interim phase. During the period he will take care of the operational and daily operations of the […]