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Subsea in April

Business & Finance
May 4, 2016

Subsea_in_AugustSubsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month.

Tragic incident struck Aker Solutions after helicopter crashed with three of its employees on board on route to Bergen from the Statoil-operated Gullfaks B platform in the North Sea.

A week earlier, crew member on board Technip-operated pipelay vessel Deep Energy died as the result of an incident on quayside at Invergordon, Scotland.

IMR and light construction player Harkand was forced to terminate the internal bareboat charters for the dive support vessels Harkand Da Vinci and Harkand Atlantis after its bonds had been declared to be in default.

FMC Technologies notified the employees in Norway of its decision to cut up to 700 jobs due to activity decline in the oil & gas industry. In addition, the company has taken legal action against its four former Norwegian employees and their company Optime Subsea Services, with claims that Optime’s founders have used FMC knowhow and technology for inventions that they have patents pending.

Also in April, Saipem announced new E&C contract awards worth around €430 million, and DOF Subsea said it has won several IMR and subsea installation deals in excess of NOK 500 million.

The Barents Sea Conference in Hammerfest witnessed a new subsea concept by Norway’s Statoil, designed to reduce cost and increase efficiency. The concept, called Cap-X, is estimated to cut costs by as much as 30% compared with conventional technology.

Also on a brighter note, Kongsberg Maritime’s UK division uncovered the long lost model of Nessie which was used during filming of 1970’s “The Private Life of Sherlock Holmes”.

For the month of April, our 10 most-read articles were:

Harkand Loses Two Vessels
Nordic Trustee ASA and Harkand Finance Inc. have exercised their rights to terminate the internal bareboat charters for the dive support vessels Harkand Da Vinci and Harkand Atlantis. Vessels were scheduled to deliver subsea support for Maersk Oil’s Flyndre development.
FMC-Takes-Ex-Employees-to-Court
FMC Technologies is taking legal action against its four former Norwegian employees and their company Optime Subsea Services, established in alliance with DeepOcean last year. Reportedly, Optime has used FMC knowhow and technology for inventions that they have patents pending.

                                                                           Harkand Loses Two Vessels                                      FMC Takes Ex-Employees to Court

Deep Energy Crew member dies
A crew member on board a Technip-operated pipelay vessel Deep Energy has died as the result of an incident on quayside at Invergordon, Scotland. The crewman is believed to had been of Phillipine nationality and the accident reportedly involved a forklift truck.
Saipem Bags USD 487M Worth of Contracts
Saipem has been awarded new E&C contracts valued at approximately €430 million ($487 million). The first is a contract with Statoil for the Hywind Scotland project. Saipem secured additional works related to the installation of multi-phase pipelines in the Caspian Sea.

                                                     Technip’s Deep Energy Loses Crew Member                       Saipem Bags $487 M Worth of Contracts

Subsea 7 Stacks Two More in Q1 2016
During the first quarter 2016 Subsea 7 released one chartered vessel and stacked two owned vessels, including Seven Waves which returned to Europe for extensive repairs following damage to the lay-tower. As at March 31, 2016 there were 38 vessels in the total fleet.
CapX
Norway’s Statoil has presented a new subsea concept at the Barents Sea Conference in Hammerfest, designed to reduce cost and increase efficiency. The new concept, called Cap-X, is estimated to cut costs by as much as 30% compared with conventional technology.

                     

 

 

                             Subsea 7 Stacks Two More Vessels                            Statoil Unveils New Subsea Concept

pioneering spirit stinger
A 150-meter steel structure that weighs about 4,200 tonnes was recently loaded out at Vlissingen yard. The structure is a stinger, a frame that will hang behind the “world’s largest” vessel the Pioneering Spirit. The stinger is used to lead the pipe to the bottom of the sea.
FMC-Technologies
FMC Technologies, has notified the employees in Norway of its decision to cut up to 700 jobs. Workforce adjustment comes as a result of activity decline in the oil & gas industry and the company’s efforts to position its business in response to market conditions.

                                Pioneering Spirit Stinger Completed                          700 Jobs Lost at FMC Technologies Norway

DOF Subsea profit declines
DOF Subsea has been awarded several IMR and subsea installation contracts the past months, with a total contract value in excess of NOK 500 million ($61.4 million). The contracts will secure utilization of the subsea project fleet in the regions.
Kongsberg_Nessie
Kongsberg Maritime’s UK division has uncovered the long lost model of Nessie which was used during filming of 1970’s “The Private Life of Sherlock Holmes”. The discovery was made during a survey of Loch Ness, supported by The Loch Ness Project and VisitScotland.

                                                       DOF Subsea Wins $62 M in Contracts                              Kongsberg AUV in Loch Ness Find

Subsea World News Staff
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