Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (August 22 – August 28).

Allseas’ single-lift installation / decommissioning and pipelay vessel “Pioneering Spirit” has executed its maiden heavy lift project.

The Project involved removal ofthe 13,500 tonne Yme mobile offshore production unit (MOPU) in the North Sea, 100 km off the coast of Norway, on August 22, 2016 for Repsol Norge.

GE Oil & Gas has been awarded a multi-million dollar frame agreement by Oil and Natural Gas Corporation Limited (ONGC).

Under the agreement, GE will provide an estimated 55 subsea wellheads over next three years for the operator’s offshore drilling campaign, in shallow to medium waters offshore India.

Huisman, a specialist in lifting, drilling and subsea solutions, has secured new crane contracts with a total value of around 300 million Euro from various offshore, shipping and wind farm installation contractors.

Namely, 2 x 900mt Heavy Lift Mast Cranes for BigLift Shipping; 1 x 1,600mt Leg Encircling Crane for Van Oord; 4 x 2,200mt Offshore Mast Cranes for OOS International; 1 x 3,000mt Offshore Mast Crane for Boskalis; 1 x 5,000mt Tub Mounted Crane for Allseas.

Nautilus Minerals has signed a subscription agreement with Mawarid Offshore Mining and Metalloinvest Holding to sell such number of common shares of the company that will raise gross proceeds of up to US$20 million.

As previously disclosed, Nautilus requires significant additional funding in order to complete the build and deployment of the seafloor production system to be utilized at the Solwara 1 Project.

Fugro has been appointed by Nexans Norway for the provision of environmental advisory services as part of its global environmental advisor framework.

The global framework agreement with Fugro started this month and will be in place for one year.