Highlights of the Week

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (November 06 – November 12).


The National Subsea Research Initiative (NSRI) is looking for a new director who will replace current project director, Dr Gordon Drummond, who is returning to Subsea 7 following his three year secondment to NSRI.

NSRI facilitates and coordinates research and development activities within the UK’s subsea sector.

Supported by Subsea UK and key sponsor companies, NSRI plays a key role in communicating the needs of the industry to the supply chain, encouraging the technology development.


McDermott International has secured a major contract award from a Middle East customer for offshore engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.

McDermott defines a major contract as between USD 750 million and USD 1,500 million.

Work on the contract is expected to begin immediately and will be reflected in McDermott’s fourth quarter 2017 backlog, the company said.


Oslo-listed Subsea 7 has booked 23 per cent lower profit for the quarter ended September 30, 2017 despite revenue boost of 15 per cent on increased activity in the renewables sector which was partially offset by other business units.

The subsea engineering and construction specialist posted quarterly profit of $111 million, or $34 cents per diluted share, on revenue of $1.1 billion, versus profit of $149 million, or $44 cents per diluted share on revenue of $928 million same time last year.


The first pipeline of the TurkStream offshore gas pipeline has entered the Turkish exclusive economic zone (EEZ) on November 4, 2017.

Pioneering Spirit, world’s largest pipelay and construction vessel, marked the occasion by laying down on the seabed the section of the pipeline with Russian and Turkish flags, symbolizing the crossing of the EEZ border between the two countries.


Subsea UK inaugural chief executive, David Pridden (66), passed away last weekend following a battle with cancer.

David Pridden became the CEO of Subsea UK in 2004, several months after the organisation was formed by Government and the industry.

Pridden was latterly chairman of Seanamic Group, chair of the Trustees of the UK’s National Marine Aquarium in Plymouth and a member of the Simmons Private Equity Investment Committee.


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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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