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Subsea in March

Business & Finance
April 11, 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.

In March, more layoffs were announced in Norway when Aker Solutions informed its employees in subsea division it will cut as many as 600 permanent positions at facilities in Fornebu, Moss, Tranby and Ågotnes. News about Subsea 7 slashing more than previously announced 2500 also attracted many readers last month.

Also in March, Danish offshore wind farm installation and services company A2SEA informed that its cable installation subsidiary CT Offshore will not be taking on any more projects and that all of its vessels and equipment will be sold.

DW said that the subsea OEMs are up for a very difficult year and that they will feel the full impact of the downturn in 2016.

On a brighter note, OneSubsea secured two 5-year global frame agreements (GFA) from BP to provide engineering, procurement and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services, while Statoil awarded Technip Norway a contract for marine operations at Hywind Scotland Pilot Park project.

Other interesting stories came from Jumbo who installed the world’s largest underwater restaurant, located in Hurawalhi, Maldives, and another from OneSubsea and its R&D project which will create five new jobs and safeguard a further 35.

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

Subsea 7 Axes 3600 Jobs in 2015
Subsea 7 reported workforce of around 9,800 people at the end of 2015, down from approximately 13,400 a year earlier. This brings the total number of workforce reduction to 3600. 13 vessels have been removed from the active fleet, with one on its way in Q1 2016.
Subsea 7 and Technip to Dive for Det norske
Det norske has been given permission to carry out manned underwater operations in the period from January 1 to December 31, 2016. Under framework agreement, diving operators Technip Norway and Subsea 7 will perform the work. The consent is for ops down to 130 meters.

                                                                  Subsea 7 Axes 3600 Jobs in 2015                             Subsea 7 and Technip to Dive for Det norske

Aker Solutions Lines Up Another 600 Layoffs
Aker Solutions is reducing management and other staff of its subsea business in Norway. As many as 600 permanent positions at facilities in Fornebu, Moss, Tranby and Ågotnes may be affected. Reductions will be made through normal employee turnover and redundancies.
Oceaneering ROVs for Statoil
Oceaneering has won an eight-year contract with Statoil. The agreement is to provide two work class electric remotely operated vehicles (ROVs) for Statoil’s CAT-J Platforms in the North Sea. The new ROVs are currently being built in-house and called the eNovus.

                                                     Aker Solutions Lines Up Another 600 Layoffs                                Oceaneering ROVs for Statoil

OneSubsea Invests in New R&D Project
OneSubsea is to invest £1.8 million in a new project for the development of its Standardised Modular Injection System (SMIS). The project, which will create five new jobs and safeguard a further 35, is being supported with a £434,126 R&D grant from Scottish Enterprise.
Hywind illustration
Statoil has awarded Technip Norway a contract for marine operations at Hywind Scotland Pilot Park project. The project is a result of the Hywind Demo project where Statoil and Technip worked together to install the world’s first floating wind turbine in operation since 2009.

                     

 

 

                OneSubsea R&D Project Creates New Jobs                            Technip Scoops Hywind Contract

Underwater Restaurant credits Google Images
Jumbo has installed the world’s largest underwater restaurant, located in Hurawalhi, Maldives. The restaurant consists of an acrylic dome on a steel structure, has a weight of 410 metric tons and is the second one of its kind. It will welcome its first guests in August this year.
Subsea Manufacturers to Feel Full Force of Downturn in 2016
DW anticipates deepwater spending to total $137 billion between 2016 and 2020. A rapid 35 per cent drop compared to DW’s previous deepwater forecast, covering the 2015-2019 period. The number of projects declined form 210 to 118 expected to be realised 2016-2020.

                            Jumbo Installs Largest Underwater Restaurant               Subsea to Feel Force of Downturn in 2016

CCB, Logiteam Join Forces on Subsea Services
OneSubsea has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services. The deal covers SPS technology and subsea aftermarket services.
A2SEA Dumps CT Offshore
Danish offshore wind farm installation and services company A2SEA has decided that its cable installation subsidiary CT Offshore will not be taking on any more projects and, according to the company, all vessels and equipment will be sold.

                                                       OneSubsea Lands BP Deal                                     A2SEA Dumps CT Offshore

Subsea World News Staff
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