Highlights of the Week

Highlights-of-the-week..Subsea World News has put together a recap of the most interesting articles from the previous week (July 25 – July 31).


Pirates-Attack-Cable-Layer-in-Red-Sea

Pirates have attacked a cable laying vessel during operations in the Red Sea on Friday, International Chamber of Commerce (ICC) informed.

Sixteen pirates in two skiffs armed with AK47 and an RPG reportedly approached and fired upon a cable laying vessel.

The master of the vessel activated ship security alert system (SSAS) and raised the alarm.


Technip-Bags-IRM-Contract-in-North-Sea

Technip has been awarded a contract by Repsol Sinopec Resources UK Limited for inspection, repair and maintenance (IRM) works on its North Sea subsea infrastructure.

The frame agreement with Repsol Sinopec Resources UK will see Technip provide diving support and IRM services for 2016, with possible extension to include 2017 and 2018, the company informed.

 


Swiber-Fills-Winding-Up-Application-Looses-Several-MembersSingapore-listed EPCI contractor, Swiber Holdings, has filed an application to wind up the company, after receiving close to $26 million in ‘letters of demand’ from its creditors earlier this month.

The company ended 2015 in $18.7 million loss and also failed to bounce back to profit during the first quarter of this year.

The winding-up application has been fixed for hearing on August 19, 2016.


Bibby-Offshore-Looks-to-Shut-Boycott-in-NorwaySubsea specialist Bibby Offshore has secured a preliminary injunction, namely a court order which prohibits Industri Energi going to boycott.

The boycott was scheduled for July 25, but will now be postponed pending a decision in court.

Norway’s biggest offshore union issued a boycott warning, earlier this month, after Bibby Offshore denied its claim for collective agreement for the company’s offshore workers engaged on the Norwegian Shelf.


Subsea-7-Boosts-Q2-Profit

Oslo-listed Subsea 7 has lifted its profit in the second quarter ended June 30, 2016, on nearly-halved restructuring costs, foreign currency gains and more favorable tax rate compared to the prior-year quarter.

The subsea engineering and construction specialist generated net income of $136 million, or 40 cents per diluted share, on revenue of $961 million, versus net income of $88 million, or 27 cents per diluted share on revenue of $1.53 billion same time last year.


 

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

IMCA ROV SEMINAR

This seminar is designed to assist IMCA members in dealing with these, with a programme of technical and operational topics affecting…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >