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Subsea in September

Business & Finance
October 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.

The most attention from our industry readers was reserved for the recently launched company, Rovco. The Bristol-based firm, focused on underwater integrity, remotely operated vehicles (ROVs), surveying and subsea services has secured its first contract, awarded by UK Marine Trust.

Nevertheless, most of the positive news were shadowed by continuous industry struggle to adjust to lower activity levels and slowdown in new orders. Norwegian provider of subsea equipment to the industry, NLI Subsea, has been declared bankrupt, causing over 70 job losses at its subsidiary in Odda, with other two subsidiaries still unresolved.

Capacity adjustments are expected at Technip UK as it’s set to axe some 130 jobs. Job cuts in Norway also continue with two major equipment manufacturers FMC Technologies and Aker Solutions line up more layoffs of 200 and 100 respectively.

In addition, Aker Solutions has introduced a new executive management team as part of the company’s broader reorganization. The new organization will have five delivery centers: Customer Management, Front End, Products, Projects and Services.

Shell Starts Up Stones Development

To in-a-way lighten up the mood in the industry, Shell informed it has begun production from the “world’s deepest offshore oil and gas project” the Stones development in the Gulf of Mexico.

The host facility for the Stones is a floating production, storage and offloading (FPSO) vessel, Turritella. It is the thirteenth FPSO in Shell’s global deep-water portfolio and produces through subsea infrastructure beneath 9,500 feet (2,900 meters) of water. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017.

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

A new subsea company has officially launched on Monday with the announcement of its first UK contract. An independent company focused on underwater integrity, remotely operated vehicles (ROVs), surveying and subsea services for both oil and gas, and renewables, Rovco has secured a contract with UK Marine Trust.
A new subsea company was officially launched last month and announced its first UK contract. The Bristol-based Rovco focused on underwater integrity, remotely operated vehicles (ROVs), surveying and subsea services has secured a contract with UK Marine Trust.
norwegian-subsea-company-goes-under
Norwegian provider of subsea equipment to the industry, NLI Subsea, has been declared bankrupt. NLI Subsea, comprising NLI Asker Subsea, NLI Odda and NLI Subsea Service, was spun out of NLI as a separate priority area in 2013.

                                                              New Subsea Company Wins First Contract                   Norwegian Subsea Company Goes Under

technip_workforce_reduction_in_ukm
Technip is said to be looking into staff reductions at its UK North Sea subsea delivery business. According to reports, Technip UK Limited, a UK subsea engineering and construction division of the French oil services provider, is set to cut up to 130 jobs out of a total of 600.
fmc-technologies-and-aker-solutions-line-up-more-layoffs
American provider of equipment and services for the energy industry, FMC Technologies, and Norwegian oil services company, Aker Solutions, are planning additional workforce reductions, both at their subsea services businesses at Ågotnes, Norway.

                                                                               Technip to Cut UK Jobs                                     FMC Tech and Aker Solutions Line Up Layoffs

Shell Begins Production from Stones
Shell has started production from the Stones development in the Gulf of Mexico. The host facility for the “world’s deepest offshore oil and gas project” is an FPSO vessel, Turritella. It produces through subsea infrastructure beneath 2,900 meters of water.
subsea-7-det-norske-and-aker-solutions-announce-norway-pact
Aker Solutions, Det norske and Subsea 7 agreed on a so-called “one for all, all for one” collaboration model that should, as the companies believe, mark a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.

                     

 

 


            Shell Starts Up Deepest Offshore O&G Project          Subsea 7, Det norske and Aker Solutions Ink Pact

Aker Solutions Sets Up New Leadership
Aker Solutions has introduced a new executive management team as part of the company’s broader reorganization. The new organization will have five delivery centers: Customer Management, Front End, Products, Projects and Services.
swan-hunter-moves-into-subsea-and-renewable-sectors
Former Tyneside shipbuilding and engineering company, Swan Hunter, is moving into the subsea oil and gas and renewable energy sectors. The company will now be providing specialist offshore equipment for the installation of power cables, umbilicals, and flexible pipelines.

                                 Swan Hunter Enters Subsea and Renewables                    Aker Solutions Sets Up New Leadership

Integrated-VesselConcept-700x351
Kongsberg Maritime has launched a new portfolio of fully ‘Integrated Vessel Concepts’ designed to harmonise handling, operations and energy systems on a wide range of specific vessel types. The concepts are the product of the company’s new ‘Integration’ strategy.
mermaid-scoops-close-to-7m-in-new-deals
Mermaid’s subsidiary, Seascape, has been awarded two additional subsea contracts in South East Asia with a total estimated potential value of USD 5.1 million. The first package of work involves the DSV Mermaid Nusantara with ROVs for a 30-day project in the Natuna Sea.

Kongsberg Presents ‘Integrated Vessel Concepts’            Mermaid Wins Close to $7M in New Deals

Subsea World News Staff
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