Latest News

Equinor Starts Sverdrup – Mongstad Oil Flows
Mon, 21 Oct 2019 14:13:51

Oil from the Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway,...

McDermott Secures $1.7B Funding
Mon, 21 Oct 2019 12:46:38

McDermott has entered into an agreement with certain of its secured lenders under which the company will have access to up to $1.7 billion of additional financing, including letter of credit...

Neptune Shareholders Approve Acquisition by MMA Offshore
Mon, 21 Oct 2019 10:19:29

Neptune Marine Services’ shareholders have approved the acquisition of the company by MMA Offshore. MMA will acquire Neptune business through the acquisition of its key operating subsidiaries....

Seabed Geosolutions Wins OBN Project Off Brazil
Mon, 21 Oct 2019 08:54:45

Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a contract to provide a 3D ocean bottom node (OBN) survey in 2000 meters of water in the Santos Basin, offshore Brazil....

SalMar Names Witzøe New CEO
Mon, 21 Oct 2019 08:35:50

Norwegian fish farm company SalMar has appointed Gustav Witzøe as it chief executive officer, effective 21 October 2019. From this date the current CEO, Olav Andreas Ervik, will become managing...

CSBC-DEME JV Lands Offshore Wind EPCI Deal in Taiwan
Mon, 21 Oct 2019 08:12:19

Hai Long Offshore Wind (OFW) project signed Taiwan’s first large-scale balance of plant (BOP) preferred supplier agreement (PSA) with local company CSBC DEME Wind Engineering (CDWE). The Hai Long...

SeaBird Appoints New Interim CEO
Mon, 21 Oct 2019 07:12:05

SeaBird Exploration board of directors has named Gunnar Jansen to the position of interim CEO, effective immediately. Gunnar Jansen replaces Hans Petter Klohs, who has informed the board of directors...

Balticconnector Compressor Station Trial Run Completed
Mon, 21 Oct 2019 06:44:34

The trial run of the Balticconnector project’s Inkoo compressor station has been completed, ensuring that the compressor station can be commissioned according to schedule. Completing the compressor...

Aquatic Supports Airborne O&G Spooling Works
Mon, 21 Oct 2019 06:35:31

Aquatic recently completed spooling support work scope to Airborne Oil & Gas at their base in Ijmuiden, in The Netherlands. Aquatic supplied a 200Te Powered Reel Drive System, a 15Te Tensioner...

Geoquip’s GMR302 Supports Normand Baltic Work in Taiwan
Mon, 21 Oct 2019 05:54:47

Geoquip Marine’s GMR302 drill rig has supported Solstad’s Normand Baltic in the offshore geotechnical investigation for the renewable energy sector in Taiwan. The system was mobilized...

Highlights of the Week
Sat, 19 Oct 2019 22:05:51

Subsea World News has put together a recap of the most interesting articles from the previous week (October 14 – October 20). BHGE Becomes Baker Hughes Company TechnipFMC Wins Woodside Subsea Prize...

Vail Joins JDR Board of Directors
Fri, 18 Oct 2019 13:52:48

Subsea cables specialist JDR has appointed Jon Vail as strategy director and a member of the board of directors. Jon Vail, who joined JDR on 1st October, 2019, will be responsible for developing...

Schlumberger Takes Major Impairments Hit
Fri, 18 Oct 2019 12:44:58

Schlumberger has seen red in the third quarter 2019 on major impairments on goodwill and assets. The oilfield services giant recognized Q3 2019 loss of close to $11.4 billion, or $8.22 per share, on...

AGS and TGS Deliver Major OBN Survey Off Norway
Fri, 18 Oct 2019 10:04:58

Axxis Geo Solutions (AGS) has completed the Utsira multi-client ocean-bottom node (OBN) survey in the North Sea, Norway. The program is a joint effort with JV partner TGS and covers an area of...

Aker Solutions Enters Korean Floating Wind Pact
Fri, 18 Oct 2019 08:43:30

WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500 megawatt floating wind farm off the coast of Ulsan Metropolitan City in South...

Aquatic Delivers Mediterranean Campaign
Fri, 18 Oct 2019 08:01:31

Aquatic has recently completed its work scope in the offshore installation of a threaded tubing pipeline in the Mediterranean Sea. The work was done for Petrobel (a joint venture company between ENI...

New CEO for Wood Americas
Fri, 18 Oct 2019 07:01:20

Wood has appointed Stephanie Cox as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business. Responsible...

TechnipFMC Wins Woodside Subsea Prize
Fri, 18 Oct 2019 06:11:47

TechnipFMC has been awarded engineering, procurement, construction and installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West...

BHGE Becomes Baker Hughes Company
Thu, 17 Oct 2019 12:25:14

Baker Hughes, a GE company, has changed its name to Baker Hughes Company. The company will be known as Baker Hughes, and on October 18, 2019, its Class A common stock will begin trading on the New...

Polarcus in New XArray Project in Australia
Thu, 17 Oct 2019 11:13:31

Polarcus has secured high industry prefunding for a multi-client project in Australia. The project has an approximate duration of one month, the company informed. The project will start in Q1 2020...

New CEO for Bibby Marine
Thu, 17 Oct 2019 10:01:03

Bibby Marine, a Bibby Line Group company, has appointed Helen Samuels as its new chief executive officer. Samuels will join the Group in January 2020 from Network Rail, where she currently holds the...

Woodside Makes Final Investment Decision for Pyxis Hub Project
Thu, 17 Oct 2019 09:49:26

Woodside has confirmed it has made a positive final investment decision (FID) for the Pyxis Hub project, located in Permit Area WA-34-L offshore Western Australia. According to the company’s...

RusselSmith Adds VideoRay MSS ROV
Thu, 17 Oct 2019 09:36:51

RusselSmith Nigeria has acquired a VideoRay Mission Specialist Series (MSS) Defender ROV as part of efforts to strengthen its subsea services division. The MSS Defender ROV utilizes interchangeable,...

Nexans Moves Forward with Aurora Cable Installation Vessel Construction
Thu, 17 Oct 2019 08:41:32

Nexans has hosted the grand block ceremony that represented a key step in the construction of its new cable installation vessel, the ‘Nexans Aurora’. The vessel’s hull is currently...

PGS Returns to Profit
Thu, 17 Oct 2019 07:11:12

Petroleum Geo-Services (PGS), has bounced back in black in the third quarter ended September 30, 2019, as revenues hiked close to 70 per cent from same time last year. The Oslo-listed seismic player...

MDL Wraps Up Another NCS Campaign with TechnipFMC
Wed, 16 Oct 2019 13:29:51

Maritime Developments (MDL) has returned to the Norwegian North Sea for the third year running to support TechnipFMC tie-back campaign in the basin. MDL’s horizontal spread, including a 4-track...

Subsea Power Cables Market to Hit £1.1B by 2023
Wed, 16 Oct 2019 11:51:21

Subsea power cables market will grow by 57% from £717 million this year to over £1.13 billion by 2023, according to a new report by RenewableUK. According to RenewableUK’s Project Intelligence team...

Aleron Names New Business Manager 
Wed, 16 Oct 2019 11:48:44

Aleron Group, Aberdeenshire-based subsea firm, has appointed John Walker as new business manager.   John will be looking at new business opportunities for some new product launches for the Aleron...

NOPSEMA Assesses Tasmanian Gas Pipeline Offshore Environment Plan
Wed, 16 Oct 2019 10:11:45

National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has started the assessment of the Tasmanian Gas Pipeline offshore environment plan. The Tasmanian Gas Pipeline...

INSITE Project Launches Industry-Science Alliance
Wed, 16 Oct 2019 09:55:15

The INSITE Programme has launched a collaboration between offshore industries and researchers, designed to give marine scientists access to industry-acquired ecological data. INSITE is a scientific...