Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (November 09 – Nvember 15).


Subsea-7-Premier-Oil-Ink-Partnership-Frame-AgreementSubsea 7 signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a preferred supplier basis.

The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes.

 


GC-Rieber-Takes-Over-Polar-Onyx-Secures-Work-Off-Nigeria

Norway’s GC Rieber Shipping has taken over the subsea vessel ‘Polar Onyx’ after its charterer Ceona went into administration and failed to fulfill its obligation under the charter agreement.

After seeking coverage for its claims, GC Rieber has achieved final settlement with the Administrators to take ownership of the VLS tower and associated parts installed on the Polar Onyx.


Lower-Activity-Levels-Hit-Subsea-7-Profit

Subsea 7 announced revenue for the third quarter 2015 of $1.2 billion, a decrease of $702 million compared to the prior year quarter.

Adjusted EBITDA of $351 million and margin of 29.2% reflected significant progress on several projects and included positive contribution from projects in the final stages of execution.


OSCV-Normand-Maximus-Launched

Solstad Offshore’s NB 830 offshore subsea construction vessel, Normand Maximus, was launched yesterday from Vard’s Romanian yard.

The hull of the vessel, of VARD 3 19 design, was built at Vard Tulcea and Contsanca in Romania.

The 178 meters long Normand Maximus will now be towed by NOR Chief to Norway for final outfitting at Vard Brattvaag.


DeepOcean-Bags-Nemo-Link-Interconnector-Work

DeepOcean 1 UK has been awarded a contract by J-Power Systems for the provision of all marine works for the Nemo Link Interconnector Project.

The Nemo Link interconnector will deliver a 1000 MW electricity link between the UK and Belgium.

Nemo Link will consist of subsea and underground cables connected to a converter station and an electricity substation in each country.


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OTC ASIA 2020

The Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange…

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

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Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

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