Subsea World News has put together a recap of the most interesting articles from the previous week (March 13 – March 19).
According to Norwegian media reports, with reference to an article in the Norwegian Financial daily Finansavisen, the Aker Group, owned by Kjell Inge Røkke, is about to sell its oil services business.
The gas leak in the Norwegian Sea field occurred during a remotely operated vehicle (ROV) operation preparing for a well intervention, Statoil’s spokesperson said in an email statement.
Subsea 7 has acquired the remaining 50% shareholding from K&S Baltic Offshore (Cyprus) Limited. Prior to the acquisition, Seaway Heavy Lifting was a 50:50 joint venture company.
Amec Foster Wheeler and Wood Group have reached agreement on the terms of a recommended all-share offer by Wood Group to acquire the entire issued and to be issued share capital of Amec Foster Wheeler.
Based on the closing price of £7.52 per Wood Group share on March 10, 2017, the terms of the combination value the issued and to be issued share capital of Amec Foster Wheeler at approximately £2.22 billion (approximately $2.71 billion).
Emas Offshore has defaulted to make payment of around US$1.6 million payable under the bareboat charter. In addition, EMAS Chiyoda Subsea (ECS), being the sub-sub-charterers of Lewek Champion, has filed for Chapter 11 under U.S. Bankruptcy Code.