Highlights of the Week

Business & Finance

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (December 18– December 25).


Forland Subsea informed that EMAS AMC AS has defaulted on charter payment for the LCV/IMR subsea vessel “Lewek Inspector” due to financial distress.

According to Forland, the company is behind on the payment for the month of October 2016, due November 30, 2016 and is ‘unable to settle the outstanding charter hire for the time being’.

The Lewek Inspector, built in 2013, is under a long-term contract with EMAS CHIYODA Subsea.


Italian oil and gas industry contractor, Saipem, has completed sea trials of its new remotely operated vehicles (ROVs) line, the Innovator 2.0.

The new heavy work-class ROVs are the result of three years of design and testing, the company said.

The Innovator 2.0 has obtained a declaration of compliance with Norsok U102 standards, as well as DNV-GL certification.


Singapore-listed Swiber informed that India’s Oil and Natural Gas Corporation (ONGC) has suspended projects carried out by its two subsidiaries, reportedly due to ongoing legal actions started by certain creditors in the India Courts against ONGC and Swiber’s two units.

Specifically, subsidiaries affected are Swiber Offshore Construction (SOC) and associated company Swiber Offshore India (SOI) which have been engaged in: C-26 Cluster Pipeline Project; Daman Development Project; and the Pipeline Replacement Project-4.


Maersk Drilling’s ultra deepwater drillship Maersk Voyager has received its first subsea Xmas tree, the company informed through social media.

The vessel received the subsea Xmas tree for the upper completions phase of the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana.

Maersk Voyager secured the 3.5 years’ OCTP contract from Eni Ghana Exploration and Production, a subsidiary of Eni.


Two Maersk Supply Service anchor handling tug supply vessels (AHTS) have sunk offshore France.

Maersk Supply Service confirmed to Subsea World News that Maersk Battler vessel lost two towed supply vessels Maersk Searcher and Maersk Shipper on December 22.

The two AHTS vessels were en route to Turkish shipyard for recycling.

The vessels left Denmark on December 12, after they were emptied of lubricant oil and diesel oil.