Subsea 7 Norway News

Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea. The contract underlines the growing significance of offshore wind projects to Topaz.The oilfield services company providing marine and engineerig solutions to the global energy industry said that the charter contract will take effect from February 2019 for a firm duration of seven months, with options to extend to late 2020.

Subsea 7 was awarded of a long-term agreement to provide support to Centrica throughout early phase Concept engineering, FEED, SURF project execution and Life of Field operations on an exclusive basis. The agreement is applicable to the Centrica portfolio on the Norwegian Continental Shelf and has a duration of five years plus options for extension. The objective is to provide Centrica with development solutions that minimize complexity, cost and risk in order to generate sanctionable business cases. The partnership approach supports delivery of projects safely, predictably and competitively so that sanctioned value is fully realized. Work has commenced immediately, with execution of a FEED study for the planned Butch Field Development from our office in Stavanger, Norway.

Ole Sanne has accepted the new position of CCO at Ocean Installer, and Jim Dåtland will join Ocean Installer as the new CFO. Mr. Sanne and Mr. Dåtland enter their new positions mid-February 2013. Mr. Sanne has been with Ocean Installer since the company’s inception and has more than 15 years of experience from the subsea sector, of which 12 years in senior managerial positions, including as Finance and Company Director for Subsea 7 Norway. Mr. Dåtland has spent the last seven years with the offshore drilling contractor Seadrill Limited focusing on investor relations and corporate finance activities. Seadrill has grown to become the world`s largest driller by market capitalization and enterprise value.

Aker Solutions has acquired the Norwegian companies Subsea House and SSH Engineering and plans to further expand and recruit 50-100 people in Stokke, located in the Vestfold county of Norway. The transaction value is undisclosed. Subsea House and SSH Engineering, currently owned by Subsea Holding, employs 40 people in total. The companies were established in 2007 and have a solid background within development, assembly, testing and refurbishment of subsea tools and products. The companies developed a state-of-the-art subsea facility in Stokke…

When news broke regarding the explosion onboard and sinking of the Russian nuclear submarine Kursk in August 2000, the world watched with wonder as a massive rescue effort was launched to save sailors believed to have survived the disaster. With the effort to save lives failed, the ensuing weeks and months saw a political storm, as accusations of circumstances surrounding the sinking led to charges (as it turns out, unfounded) that an errant mine or ship of Western origin had run into the 9,000 ton Oscar type 2 nuclear sub. Once political fervor and emotions subsided, the question stood: What exactly should be done with the ship, which housed the bodies of 118 sailors, two nuclear reactors, and a slew of Russian military secrets.

Aker Kvaerner signed a contract with Subsea 7 Norway for the manufacturing and supply of steel tube umbilicals for Norsk Hydro's Vega and Troll O2 developments in the North Sea. The contract, worth $74.5 m, is one of Aker Kvaerner's largest stand-alone umbilical contracts to date. Aker Kvaerner Subsea will deliver approximately 60 km of static and dynamic umbilicals to Subsea 7 for its developments at Norsk Hydro's Vega and Troll 02 fields. Work on the umbilicals will commence immediately. They will be manufactured at Aker Kvaerner Subsea's facility in Moss, Norway. Delivery is scheduled for April 2009.