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ONSHORE NEWS

Technip outlines operational responses to oil price decreases

 PARIS – Technip has begun a restructuring plan and has accelerated its cost reduction in response to the decrease in oil prices.

PRODUCT NEWS

ROS LTD. Supply ROVOP Subsea LEDs

Remote Ocean Systems Ltd. (Aberdeen, Scotland) is pleased to announce the sale of a significant number of subsea LEDs to ROVOP, an independent provider of subsea remotely operated vehicles (ROVs).


 
 

ACQUISITION/MERGER NEWS

Shandong to acquire Northern Offshore

HOUSTON – Shandong Offshore (Bidco) has agreed to acquire drilling contractor Northern Offshore (OSE: NOF) for around NOK 1.3 billion ($165 million).

Assuming shareholder approvals, the acquisition should be completed during the first half of August.

 

 

JOB NEWS

Statoil to cut up to 2,000 staff, consultants

STOCKHOLM (AP) — Norwegian oil and gas company Statoil says it will lay off up to 1,500 staff and 500 consultants by the end of 2016 to slash costs.

The state-controlled company said Tuesday the layoffs are a continuation of a cost-cutting program started in 2013, "well ahead of the current downturn" and the slump in the oil price.

INSPECTION NEWS (Subsea)

The Power of One Percent

It is very easy for companies to fall into a habit of “this is how we have always done it” or “if it ain’t broke don’t fix it.” There are many articles, motivational posters, white papers, blogs and cartoons all across the online media world outlining the downfall of stagnation in business. There are also many more advocates for innovation now compared to previous decades, most likely due to all of the content pushing innovation on us.

Via: Cody Warner, Deep Trekker Inc. 

JOB NEWS

FMC Technologies Slashes More Norway Jobs

 Houston-based subsea specialist, FMC Technologies, has reportedly started a next stage of workforce reduction in Norway as it marks a drop in offshore activity and feels the cost control sting from the oil companies.

PRODUCT NEWS

Fastest ROV Sprints with Sonardyne SPRINT

MMT, specialists in high-resolution marine surveys, has successfully completed offshore integration trials of their new high-speed remotely operated vehicle with Sonardyne International’s SPRINT inertial navigation system.

The 2,000 meter rated vehicle, named Surveyor Interceptor, has been developed by MMT to improve the speed and efficiency of seabed mapping and pipeline inspections surveys. Its revolutionary design features a hydrodynamic hull and powerful drivetrain enabling the vehicle to travel at up to six knots, around 50% faster than conventional Work-class ROVs. The accuracy of SPRINT complements the vehicle’s state-of-the-art imaging and mapping sensors, resulting in improved survey data quality and substantially reduced ‘cost per kilometer’ of surveys.

JOB NEWS

Aker Solutions Cuts Up to 200 Jobs in Subsea Division

 Aker Solutions has notified employees at its subsea services facility in Ågotnes, Norway, that it has become necessary to adjust the plant’s workforce capacity because of a decline in activity in the Norwegian market.

CONTRACT AWARDS

McDermott contracts Asset Guardian for pipelay vessels

 LIVINGSTON, Scotland – McDermott Asia Pacific Pte. Ltd. has contracted Asset Guardian Solutions Ltd. to provide theAsset Guardian software management suite to protect and manage software on several pipelay vessels.

News

Fugro completes wellhead monitoring project for BP in deepwater GoM

HOUSTON – Fugro has successfully completed a year-long wellhead monitoring project for BP Americas Inc. measuring BOP stack motions and calculating wellhead fatigue in the Gulf of Mexico.

The drilling campaign was conducted in 6,000 ft (1,829 m) of water and used the Fugro Wellhead and Riser Instrumentation Service (WARIS).

 


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