Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (May 11 – May 17).


Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organisation.

It is envisaged that the overall reduction in the global workforce would be approximately 2,500 by early 2016, down from the 13,000 reported at the end of 2014. The global fleet will be reduced by up to 11 vessels, based on a mixture of non-renewal of charter vessels and either disposal or stacking of owned vessels.


A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multi Completion System (mCS) can install subsea trees at up to 80% the time and cost of traditional solutions.

Optime Subsea Services is a newly established subsea oil and gas services company. It has set up offices in Houston, USA, and the city of Notodden, which is part of the ‘Subsea Valley’ industry cluster in Norway. The company develops its own technology and provides services within subsea intervention, installation and work over operations.


Saipem is to resume its pipeline construction operations in the Black Sea after receiving a go-ahead notice from South Stream Transport B.V.

The notification comes just a few day after Gazprom, now a 100% owner of South Stream Transport, announced further development on Turkish Stream project, setting its launch date for December next year.

 


Technip has secured a contract with BP E&P for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side of the Thunder Horse production drilling quarters unit.

At a water depth of approximately 1,900 meters, the current field development is located in Mississippi Canyon Blocks 778 and 822, in the ultra-deepwater Gulf of Mexico environment.

 


SapuraKencana’s wholly-owned subsidiary companies within the engineering and construction division have been awarded contracts with a combined value of up to USD269 million in Mexico, Indonesia, Vietnam and India.

Among these contracts awards is the initiation of SapuraKencana’s local operations in Mexico after the company has been hired by Pemex for the installation of structures and superstructures of fixed marine platforms, pipelaying and lifting of major power generation equipment.


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Substructures for UK Offshore Wind

Design, construction and installation

Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

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20th Annual Offshore West Africa

The conference will provide the latest technological innovations, solutions and lessons learned from leading industry professionals and will…

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2nd Annual Offshore Power Cable Engineering and Reliability Forum

This exclusive BIS forum will showcase an analytical insights into how industry leaders are reducing risk and improving efficiency during offshore power cable installation. Participants will learn how to increase cable integrity and manage cost during offshore projects. This interactive forum will explore effective and safe maintenance of offshore cables in deeper, harsher environments. With a two day intimate forum followed by half a day workshop, joining together key industry professionals to discuss, brainstorm, share experience and partake in exclusive networking sessions in a flexible and dynamic platform – together shaping the future of the market.

As Europe strives to meet its 2020 renewable targets the need for infrastructure increases and the integration of renewable energy into the European grid along with the necessity for trade is of huge importance. HVDC offshore cables are a vital investment; both of time and money, and any challenges arising could result in operational and financial losses. An insight on how to efficiently cope with the changes and keeping up with market trends is needed.

This BIS GROUP Forum will allow leading electricity cable and interconnection players to exchange and discuss experience on reliable offshore power cable monitoring, protection strategies, repair and installation technologies that are vital for operating in cost-efficient manner. The forum will also provide solutions and strategies on how to overcome the challenges of laying and installing of offshore power cables in deep water / far offshore.

KEY TOPICS INCLUDE:

  • Deepen your insight into the latest cable design advancements
  • Identify the latest technological innovations in cable laying & installation projects
  • Explore the possibilities of dynamic cables and deep water installation
  • Discover new generation of cost effective burial and trenching methods
  • Ease your cable protection strategy and save your resources
  • Explore how to use the latest monitoring and testing techniques to enhance cable repair
  • Gain invaluable insight into the latest maintenance methodologies to achieve cable integrity and reduce cost
  • Benefit from expert opinion on predictive and preventative maintenance strategy
  • Examine vessel capabilities and availabilities in offshore projects
  • Receive clarification on the roles and responsibilities of Marine Warranty Surveyor
  • Take advantage of an excellent opportunity to meet other stakeholders in an informal setting

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Subsea Expo 2016

Spanning two days, Subsea Expo 2016 will also feature a conference and technology showcase with around 65 speakers presenting and the…

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