Mitsui’s STATS Rolls Out Titanium Connector for Oil and Gas Sector
STATS Group, a wholly owned subsidiary of Mitsui & Co, has developed mechanical pipe connectors, aimed at addressing increased demand in the Norwegian oil and gas sector.Titanium is better suited to high-stress corrosive environments found in the Norwegian North Sea where it can resist high chloride and corrosive gases better than conventional steels and the Norwegian offshore sector is expected to increase usage of titanium connectors as it expands into deeper fields in more challenging environments, according to STATS Group.Its usage is primarily concentrated in subsea risers and flowlines
DEME Acquires 50% Stake in BAUER Offshore Technologies
DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company.BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms.The company will become part of DEME’s Offshore Energy segment.The experienced eight-person team will continue to deliver its consulting and engineering services, along with specialized equipment developed and manufactured by the BAUER Group.The company will maintain operations under the Bauer Offshore Technologies brand and continue to
Kraken Robotics Brings 3D at Depth Into Its Fold
Canadian marine technology company Kraken Robotics has completed the acquisition of 3D at Depth, a subsea services company specializing in high resolution LiDAR imaging and measurements.3D at Depth is now a wholly owned subsidiary of Kraken. As it transitions to the Kraken brand, it will continue to operate as a trusted partner in subsea LiDAR imaging, complementing Kraken’s suite of synthetic aperture sonar and sub-bottom imaging technologies.“We are pleased to welcome 3D at Depth to the Kraken Robotics team and look forward to offering our comprehensive subsea intelligence solutions to
Solstad Offshore Bolsters Ownership Stake in Omega Subsea
Solstad Subsea, a wholly owned subsidiary of Solstad Offshore, has agreed to acquire a 35.8% shareholding in ROV and subsea services provider Omega Subsea for an undisclosed amount.Following completion of all transactions, Omega Subsea will own 100% of Omega Subsea Robotics.Shareholders of Omega Subsea will be Omega (60%), Solstad Subsea (35.8%) and key employees of Omega Subsea (4.2%).The transaction is subject to customary closing conditions including approval from the Norwegian Competition Authority, satisfactory due diligence and final transaction documentation. Completion of the transaction is
Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Thai oil company PTTEP’s subsidiaries in Malaysia.The contract, effective from February 21, 2024 for a period of five years, have been awarded to Sapura by PTTEP Sabah Oil Limited for deepwater Package B1, and PTTEP Sarawak Oil Limited for Package C1 – Sarawak.Under the call-out contracts with agreed unit rates, Sapura’s scope of work comprises of the provision of diving support vessel, air and saturation diving systems
Sapura Energy to Provide Subsea Services for Shell Off Malaysia
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum.The contract for the provision of pan-Malaysia underwater services for Petronas group of companies and Petroleum Arrangement Contractors, whose value was not disclosed, takes effect from January 31, 2024 for a period of five years.The scope of work comprises of the provision of diving support vessel, air and saturation diving systems, remotely operated
Boskalis Wraps Up Moray West Offshore Wind Farm Ops
of the development of Ocean Winds’ 882 MW Moray West offshore wind farm in Scotland.As part of its multidisciplinary role in the project, Boskalis deployed six vessels to carry out large number of activities off the east coast of Scotland in the Moray Firth.First, Boskalis’ wholly-owned subsidiary Gardline carried out extensive geotechnical and geophysical survey works prior to the installation work.Then, Boskalis’ subsea rock installation vessel Rockpiper installed more than 110,000 tons of rock as scour protection for the 62 XXL monopiles required for the project.Boskalis then
Mermaid Sets Up Subsea Services JV in Vietnam
Corporation (SNP), which has existed for more than 30 years in Vietnam.The company's primary activity is oil-related services and port exploitation. TCO owns and operates large-capacity ships, as well as barges and more than 20 modern machines.Mermaid Subsea Services (Thailand) Limited is fully-owned subsidiary of Mermaid Maritime, offering subsea services to the offshore industry
Solstad Scoops $7M for Two AHTS Vessels
Norwegian vessel owner Solstad Offshore has sold two anchor handling tug supply (AHTS) vessels, securing a profit of approximately $7.1 million for the transaction.The AHTS vessels, Far Sound and Far Scimitar, have been in layup in Asia since 2016 and 2018.Fars Sound is a 2007-built AHTS, with the length of 78.1 meters and of UT 712 L design.Far Scimitar is of the same design, with 78.3 length. It was built in 2008.The sale was made through Solstad Reder, a wholly owned subsidiary of Solstad Maritime Holding.Delivery of the vessels to the new owner took place on February 23, 2024.
February 2025
