Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (January 30– February 05).

The Houston-based offshore EPCI player, Mcdermott, has reportedly struck a deal to acquire the pipelay and construction vessel Ceona Amazon, previously owned by the SURF contractor Ceona.

According to the shipbroking company Nor-Ocean, who cited industry sources in its weekly newsletter, the acquisition price for the vessels is estimated around USD 80 million.

Vessel owner Toisa Ltd. has filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, Southern District of New York.

Reportedly, slowdown in the oil & gas and dry-bulk markets has left the company in debt of some USD 1 billion.

Subsea 7, a provider of seabed-to-surface engineering, construction and services, has taken delivery of two newbuild vessels, Seven Arctic and Seven Kestrel.

With this delivery, Subsea 7 has completed its fleet investment programme that has added six newbuild vessels to the company’s fleet since 2014.

Subsea services business M² Subsea has opened its new office in Aberdeen and created 30 jobs. The company expects to create an additional 150 jobs by the end of the year.

The fledgling subsea business, which secured private equity investment towards the end of 2016, has moved people and equipment into headquarter premises in Arnhall Business Park at Westhill in Aberdeenshire.

Lloyd’s Register (LR) has established Subsea Inspection Service to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore.

Services include project management, consultancy, personnel, quality control, data processing and data management, applicable to ROV, AUV and diver projects.