Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (September 04 – September 10).

Subsea 7 has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated pipe lay equipment.

The cost, excluding capitalised interest, is expected to be below USD 300 million with an early 2020 delivery. The firm contract with Royal IHC is expected to be awarded before the end of 2017, subject to certain conditions and final board approval.

Heerema Marine Contractor’s semi-submersible crane vessel Hermod will retire at the end of this year after an operational performance of nearly 40 years.

Designed and constructed in the 70’s, Hermod and its sister vessel Balder were the first semi-submersible crane vessels of its kind in the offshore construction industry, the company said.

Global Marine is one of the leading providers of engineering and underwater services, responding to the subsea cable installation, maintenance and burial requirements of its customers around the world.

In an interview with Subsea World News Global Marine’s Chief Executive Officer, Ian Douglas, told us more about the company and its future plans.

Mermaid business units have been awarded three subsea contracts in South East Asia and the Middle East with a combined estimated value of USD 12 million.

The first contract award, with work scheduled to start in the third quarter of 2017, will involve use of the DP2 saturation diving vessel (DSV) Mermaid Commander with a Quasar work-class ROV carrying-out a 60-day saturation diving and ROV inspection, repair & maintenance (IRM) project in Malaysia.

Bibby Offshore has completed two contracts with Perenco and Endeavour Energy UK.

Perenco appointed Bibby Offshore to perform subsea integrity inspections and maintenance works on the Inde Joint pipeline, which runs to the Bacton Gas Terminal in the Southern North Sea.