Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month.
The month of August has seen companies adjusting to tough market environment with further workforce reductions, shipowners laying-up vessels and some major deals being struck among contractors. Some could be facing corruption charges while others are enjoying historic contract awards.
Offshore services provider Fugro will slash 200 jobs in the next six months and Norway’s Solstad said 300 of its workers will have to go due to its plans to lay-up 10 ships by the end of the year.
Japan’s front end engineering design (FEED) and engineering procurement and construction (EPC) company, Chiyoda, ventured into subsea market by acquiring 50% of Ezra’s EMAS AMC.
Schlumberger went Cameron shopping for $14.8 billion, while the largest ROV owner Oceaneering bought a minority stake in UK’s Viper Subsea and also introduced its most recent innovation, a deepwater Phased Array ultrasonic inspection tool.
Italian authorities will be looking into Saipem books on suspected corruption in Brazil. Meanwhile, Houston-based contractor, McDermott, has secured the largest single award for the company’s Middle East Area operations in history.
For the month of August, our 10 most-read articles were: