Saipem Cuts 800 Jobs

Stefano Cao, Saipem CEO

Italian oilfield services player Saipem said it will reduce workforce by some 800 at its European based facilities ...

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Osbit Backs DeepOcean’s Inter-Array Cable Project


Osbit said that its quadrant handling system, designed and built for offshore contractor DeepOcean, has completed ...

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Pemex Hires CGG for Deepwater Perdido Shoot


CGG said it has been awarded a contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed ...

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Keppel Set to Deliver Armada Olombendo FPSO for East Hub


Keppel Shipyard is on track to deliver, reportedly, one of the world’s largest floating production storage ...

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NPD Gives Nod for Ivar Aasen Start-Up

Photo: AkerBP

The Norwegian Petroleum Directorate (NPD) has granted consent for production start-up on the Ivar Aasen field in ...

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France and UK Continue MMCM Partnership


Thales, BAE Systems and their partner SAAB, ECA Group and ASV Global have welcomed the confirmation by the ...

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Oceanteam Defaults on Interest Payments


Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October ...

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Keppel On Schedule with Armada Sterling III FPSO Project


Keppel Offshore & Marine’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a ...

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Highlights of the Week


Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – ...

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WATCH: Maria Subsea Pipeline Project


The video above shows summer 2016 subsea pipeline installation campaign on the Maria field, Wintershall’s flagship ...

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IKM Completes Zeepipe IIA Retrofit Hot Tap Tee Project

Statoil’s project manager Bjørn Bakkevig and general manager for IKM Ocean Design Peder Hoås.

IKM has completed and delivered Zeepipe IIA retrofit hot tap tee (RHTT) to Statoil. The final inspection with ...

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Sea Trucks Wins West Africa IMR Job


Sea Trucks Group said it  has been awarded a contract in West Africa by an undisclosed oil company. The contract is ...

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Schlumberger Sees Profits Plunge


Oilfield services major Schlumberger has posted third-quarter 2016 profit of $176 million, or 13 cents per diluted ...

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Aker Solutions Snaps Up Brazilian Services Player


Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação, with intention of ...

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N-Sea and BODAC Team Up for UXO Services


Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, ...

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Helix Ups Q3 Profit by 16 Pct


Offshore services player Helix Energy Solutions has posted improved results in the third quarter of 2016, backed by ...

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TE SubCom Begins MAREA Subsea Cable Manufacture


TE SubCom, a TE Connectivity company, has been named the system supply partner for the new MAREA submarine cable ...

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Halliburton Returns to Profit


Oilfield services major Halliburton has bounced back in black in the third quarter, ended September 30, 2016, as it ...

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Fugro Sees Quarterly Sales Drop by Over 20 Percent


Fugro has recorded third-quarter 2016 revenue drop of some 22 percent, compared to the same time last year. The ...

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Ofgem Sets Lower Revenue Cap for NSL Interconnector


Ofgem has proposed lower levels for the range in revenues that the developers of the North Sea Link (NSL) can earn, ...

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Ile de Re Makes Auckland Pit Stop Prior to TGA Cable Ops


Alcatel-Lucent Submarine Networks’ (part of Nokia) specialised subsea cable ship ‘Ile de Re’ has arrived in ...

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REPORT: 3 Billion BOE Remains in UKCS Small Pools


More than three billion barrels of oil equivalent (boe) remain in approximately 350 unsanctioned discoveries across ...

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PT.OSI Wraps Up Phase 1 of Indonesia Subsea Campaign


PT.OSI (Offshore Services Indonesia) said it has completed phase 1 of a 3-year technical services contract, secured ...

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InterMoor Wins SPM Work on Pertamina Balong Refinery


InterMoor, an Acteon company, has been awarded a single point mooring (SPM) installation from PT Pertamina in ...

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Polarcus, TGS Ink 3D Seismic Deal


Polarcus has entered into a memorandum of understanding (MOU) to collaborate with TGS to jointly develop selected ...

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Oceaneering Buys RLWI Services Provider Blue Ocean


Oceaneering International has acquired the assets of Blue Ocean Technologies, a privately held provider of ...

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McDermott's DLV 2000 Gears Up for Ichthys Subsea Work


McDermott’s Derrick Lay Vessel 2000 has left Port of Broome on Sunday to carry out subsea installation work on ...

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