Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23).


leopard_085whr

Saab Seaeye manufactures electric powered remotely operated vehicle (ROV) systems for a wide range of professional applications. The range currently extends from the portable and versatile Seaeye Falcon to the revolutionary electric work class Seaeye Jaguar.

In an interview with Subsea World News, Jon Robertson, managing director of Saab Seaeye, told us more about the company and its future plans.


Stefano Cao, Saipem CEO

Italian oilfield services player Saipem said it will reduce workforce by some 800 at its European based facilities as it expects the market recovery to take longer than previously estimated.

The company has also decided to set up five divisions for the following sectors: Offshore Construction; Onshore Construction; Offshore Drilling; Onshore Drilling, and a new entity dedicated to high added value engineering activities and services.


aker-solutions-lands-two-subsea-deals-with-bp

Aker Solutions has secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated oil and gas fields globally.

The first five-year contract covers engineering, procurement and construction of subsea production systems for new and maturing developments worldwide.

 


oceanteam-defaults-on-interest-payments

Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016.

As part of the financial restructuring that was announced October 20th 2016, Oceanteam has already entered into dialogues with its banks and largest bondholders.

 


technip-increases-q3-profit-and-full-year-target

French oil services provider, Technip, has boosted its third quarter 2016 result as it continues its cost reduction plan due to extended oil industry slowdown.

In the second quarter 2016, Paris-based subsea major generated adjusted revenue of €2.9 billion, down some 6% compared to €3.1 billion in 3Q 2015. Subsea revenues were roughly 10% lower for the quarter, at €1.4 billion.

 


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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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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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