HAL to Sell 60% Stake in Offshore Foundation Installation Specialist IQIP
HAL, the Dutch investment subsidiary of HAL Holding, has agreed to sell 60% in IQIP, a supplier of foundation and installation equipment to the offshore wind, coastal & civil, and oil & gas markets.HAL acquired IQIP from Royal IHC in March 2023.The company has now agreed to sell 40% of IQIP to AvH Growth Capital NV1 (“AvH”) and 20% to MerweOord B.V.MerweOord can increase its shareholding to 33.33% during 2024, which would result in HAL, AvH, and MerweOord owning one-third of IQIP’s shares, each.The transaction is based on an equity value of IQIP, adjusted for dividend, of
HAL Buys Offshore Installation Equipment Firm IQIP from Royal IHC
HAL, the Dutch investment subsidiary of HAL Holding, has acquired IQIP, a supplier of foundation and installation equipment to the offshore wind, coastal & civil, and oil & gas markets from Royal IHC for an undisclosed fee.IQIP is active worldwide and both sells and rents out equipment. According to HAL, IQIP's revenue over the financial year ending December 31, 2022, amounted to € 102 million. IQIP is based and has approximately 300 employees.The sale involves the transfer of 100% of the shares of IQIP Holding B.V. to HAL. "For Royal IHC, this is an important
Oil Spill Response Limited to Use Saipem's FlatFish Drone
the provision of FlatFish, Saipem’s underwater drone for environmental monitoring and inspection of asset integrity.The existing contract between Saipem and OSRL provides for the storage, maintenance, training of personnel, and readiness including the remote emergency response of the Offset Installation Equipment (OIE).According to Saipem, the OIE is a unique system designed to intervene in case of subsea well spills in shallow water (up to approximately 600 meters water depth), when direct vertical access is not possible.The expanded Services Agreement encompasses the deployment of FlatFish, the
Prysmian Takes Delivery of High-tech Cable Layer Leonardo da Vinci
slight above 16 knots; two carousels of 7,000 and 10,000 tonnes, which ensure the highest carousel capacity in the market, two independent laying lines; bollard pull in excess of 180 tonnes. In addition, the vessel is equipped with a DP3 positioning and seakeeping systems. All cable handling and installation equipment has been designed by Prysmian.The high cable load capacity and navigation speed of Leonardo da Vinci also allow the number of cable installation campaigns of any project to be significantly reduced, Prysmian said, adding that the lower number of transits and the reduced transit time needed
Industry's First: Oceaneering's 20.000-psi Equipment for Chevron's Anchor project
20,000 psi-rated fields to be developed in the Gulf of Mexico. A portion of the order has already been delivered to OneSubsea, Oceaneering said. Oceaneering will oversee the design, engineering, and production of the hydraulic connection hardware along with integrated flying lead assemblies and installation equipment.In 2019, OneSubsea won a contract from Chevron to provide an integrated subsea production and multiphase boosting system for the deepwater Anchor field in the US Gulf of Mexico.Under the deal, OneSubsea was to supply vertical monobore production trees and multiphase flowmeters rated up to
Wind Energy: The Good News in Offshore
announced wind-vessel) design. We may not take much market share in install vessels but in cable-layers, hook-up and service. We’ll focus on that,” Mr. Urke says. Houston’s GustoMSC — a wind pioneer with a hand in “80 percent” of the offshore wind-installation equipment out there, including Bold Tern and Brave Tern — has adapted a new jack-up installation concept to its view of the U.S. wind market as “emerging”. GustoMSC offers shipyards and the growing numbers of U.S. wind operators self-propelled and unpropelled jack-ups, the latter
Submarine Power Cables Protection
of Nantes University and Centrale Nantes) to answer the specific expectations of the Marine Renewable Energy industry. The aim of the project was to develop a full range of articulated cast iron shells that protect, ballast and stabilize subsea conducts (cables, pipes, etc) and semiautomatic installation equipment. The primary goal of the protecting and ballasting shells is to significantly reduce the cost of the electrical connection for MRE solutions and through it, to reduce the cost of the kWh. After several months of intense collaboration, the IBOCS consortium designed
Phase 1 Cable Laying Complete at Rampion Wind Farm
some 75 kilometers of cable to the Rampion site on its 2,000t carousel. Sister vessel Fugro Saltire completed cable burial in November using Fugro’s high performance Q1400 subsea trenching system. Both vessels will return next spring, complete with Fugro’s full cable installation equipment spread, to install the remaining 62 cables in phase two. Completion is expected by summer 2017. Mike Daniel, business manager for construction at Fugro Subsea Services, said, “The cable laying operation at the Rampion site shows the successful integration of our trenching services
Damen Builds Cable Installer For Maersk Supply Service
,” reported DeepOcean Commercial Director Pierre Boyde. So far the vessel has been contracted to undertake marine works for the Walney Extension Project, the Nemo Link interconnector and the Bligh Bank Phase II Offshore Wind Farm. In combination with new survey, trenching and installation equipment, much of which has been awarded to U.K. manufacturers, Maersk Connector enables DeepOcean to deliver more efficient, cost-effective and safer cable installation, Damen said. Contributing to production efficiency, the vessel is capable of grounding out with its seven points mooring
February 2024
