Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (May 23 – May 29).


Subsea 7 Goes Offshore Wind

Subsea 7 has been awarded a contract by Beatrice Offshore Windfarm Limited (BOWL), for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland, UK.

Subsea 7, in alliance with Seaway Heavy Lifting, will project manage, design, engineer, fabricate and install EPCI jacket foundations and array cables for 84 wind turbines, and perform the transportation and installation of the offshore transmission modules.


Siem Offers Subsea 7 Shares as Option for New Bond

Siem Industries has launched an offering of EUR 200 million senior secured exchangeable bonds due 2021, exchangeable for common shares of Subsea 7, exclusively by way of a private placement to international institutional investors.

Siem added that the offering amount may be increased by up to EUR 75 million should the increase option be exercised prior to pricing, at the sole discretion of the issuer and depending on the aggregate principal amount of 2019 exchangeable bonds to be repurchased pursuant to the concurrent repurchase.


Boskalis Subsea Services has been awarded a subsea IRM contract by Maersk Oil for the provision of air and saturation diving services from 2016 to 2019.Boskalis in Multi-Year Subsea IRM Campaign for Maersk Oil

The framework agreement includes the two yearly inspection campaigns of the subsea structures of the 40 production platforms in the Danish sector of the North Sea. The contract also includes diving construction/intervention scopes throughout these years as well, Boskalis said.

 


Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the subsea construction vessel Olympic Athene and Canyon’s ROV systems.Olympic Athene

Under the agreement the companies will work together to secure utilization for the vessel and ROV systems and services with third party clients. According to Olympic Shipping, the framework agreement will operate initially for six months, with the potential to become evergreen thereafter.

 


Bibby Offshore has won a contract with Apache North Sea to provide subsea construction, ROV and diving services at the North Sea oil field.thumbnail_DSV Bibby Topaz 3

The contract, due to begin this month, will utilise Bibby Offshore’s multi role diving support vessel the Bibby Topaz, equipped with an inspection class ROV, the company informed.

 

 


 

Share this article

Follow Subsea World News

Events>

<< Jan 2018 >>
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

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >