Venture News

(Photo: MHI Vestas)

MHI Vestas signs MOU with TECO, The Switch

MHI Vestas, an offshore joint venture between Vestas and Mitsubishi Heavy Industries, said on Tuesday it signed its 5th MOU with TECO and The Switch for the delivery of generator products.The company also confirmed that its 9 MW turbine platform will be typhoon ready in 2020, in time for all offshore wind projects in the Taiwanese market.

NORBIT Establishes Oceans Business Unit

which provides wideband multibeam sonars for hydrographic applications and subsea leakage detection for the oil and gas and maritime industries.•NORBIT Aptomar AS, which provides integrated field monitoring services for the marine and offshore industries. NORBIT acquired the company from a group of venture investors last year.•NORBIT Aqua; a range of specialized solutions for the aquaculture industries, including high power submersible and dimmable multispectral lights for fisheries and cage-based farming.•NORBIT Defense; customized underwater acoustics, radar and camera command and control

Photo: Trident Winds Inc

EnBW, Trident Winds JV for Offshore Wind Project in California

continuing its strategy of capturing growth in new international markets in the renewable energy sector.  Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc. to develop an offshore wind project off the coast of in Central California. This represents the EnBW Groups first step toward tapping into the high potential of the American market. Several of the United States have set ambitious goals for the expansion of offshore wind

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor, formerly known as Statoil, was awarded five licences and will participate as a non-operating participant in a further two.Shell, Aker BP, Lundin, OMV and Spirit Energy, a Norwegian joint venture between Britain's Centrica and Germany's Bayerngas, were also offered operatorships.Licence operators determine exploration programs and sign contracts with suppliers, in coordination with partners.In addition, DEA, Idemitsu, M Vest Energy, VNG and Wintershall were awarded participating

Photo: Alpha Offshore Services

​​​​Alpha Offshore Bags Offshore Wind Blade Repair Contract

Alpha Offshore Service A/S has been awarded a contract with NoordzeeWind, a Joint Venture between utility company Nuon and Shell, for blade repair on the Offshore Windfarm Egmond aan Zee (OWEZ).The first large windfarm built in the Dutch sector of the North Sea, OWEZ consists of 36 3MW turbines and sits approximately six miles off the coast from the village of Egmond aan Zee.Alpha Offshore will be providing experienced personnel with specialist knowledge of the 44 meter Vestas V90 turbines to undertake independent blade repair of around 80 blades. The scope of work will depend on the requirement of

© Nicolas Faramaz / Adobe Stock

Peru Will Likely Create Pacific Ocean Reserve in 2019

this year.The proposed area includes feeding and breeding grounds for turtles, humpback whales, seals, seahorses and commercial fish species, according to the document.The companies that have exploration or drilling rights inside the borders of the proposed reserve include Savia Peru - a joint venture of Ecopetrol and Korea National Oil Corp - BPZ Exploracion & Produccion, Karoon Gas Australia Ltd and China National Petroleum Corporation.(Reporting by Mitra Taj; editing by Jonathan Oatis

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

rooms onshore will see live what tools are in place and how well charged they are, etc. The docking station would also have batteries, a bidirectional smart charger.Is it Commercial?Glancy says the UID concept could be more attractive if it could be a shared service, for example, operated on a joint venture or leased to other operators, as well as for civilian, surveillance, security or other mapping applications. Further into the future, unmanned surface vessels could assist unmanned subsea operations.Glancy says there are still various challenges, however, including the readiness of subsea infrastructure

Allan Pirie (Photo: Ashtead Technology)

Ashtead Invests $3.9 Mln in Its Rental Fleet

company has stocked up with core survey, imaging, mapping and positioning systems from a range of industry suppliers including Teledyne, Sonardyne, R2Sonic, EdgeTech and Geometrics, in order to fully support customer projects. The announcement follows the recent completion of Ashtead’s joint venture with Forum Energy Technologies to provide subsea survey and ROV equipment rental services. The combined business, trading as Ashtead Technology, now boasts a fleet of 19,000 assets worth in excess of £100 million supported by 120 staff from its facilities in Aberdeen, Abu Dhabi, London, Houston

Steve Swindell (Photo: Xodus Group)

Xodus Delivers Tunisian Decommissioning study for TPS

aspects for facility and infrastructure removal.   The scope of work also included the creation of an asset register, the development of an abandonment strategy and site remediation in line with current industry best practice and in-country regulations.   The study allows the joint venture partners to define their cost liabilities towards decommissioning as well as a timeline for the project.    Xodus views Tunisia and North Africa as growing areas for decommissioning. Last year, the company delivered a similar scope of work for a large offshore complex in Tunisia.  

Rijkswaterstaat awards Afsluitdijk project to Levvel Photo Van Oord

Afsluitdijk project awarded to Levvel Consortium

Rijkswaterstaat (part of the Dutch Ministry of Infrastructure and the Environment and responsible for the design, construction, management and maintenance of the main infrastructure facilities in the Netherlands) has awarded the Afsluitdijk project to the Levvel consortium. This joint venture is formed by Van Oord Aberdeen Infrastructure Partners B.V. (46%), BAM PPP PGGM Infrastructure Coöperatie U.A. (46%) and RebelValley B.V. (8%). Levvel will be responsible for design, build, finance and 25 years maintenance of the strengthened Afsluitdijk. Construction works are expected to start in the

Statoil signs letters of intent for Johan Sverdrup phase 2 with Aibel and Aker Solutions-Kværner joint venture Image Statoil

Statoil Inks LOI for Johan Sverdrup Phase 2

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field center modifications is also issued to a joint venture of Aker Solutions and Kværner. Total value is estimated at more than NOK 11 billion ($1.4 billion).   Phase 1 of the Johan Sverdrup development is well underway with planned startup in late 2019. To promote synergies, continuity and a holistic development of the entire field the Johan Sverdrup partnership is issuing letters of intent

(Photo: Subsea 7)

Subsea 7 Awarded Contract Offshore Nigeria

from Q3 2018 to Q1 2019, using the Subsea 7 vessel, Seven Antares. NigerStar 7 is a non-wholly owned subsidiary of Subsea 7. Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said, "Subsea 7 has a long track record of successful operations in Nigeria, enabled by our local joint venture, NigerStar 7. This award reflects our strong reputation for successful Conventional project execution in the region and offers us a further opportunity to support the continued development of the country's oil and gas industry."

(Photo courtesy Maersk Supply Service)

Maersk Establishes Decomissioning Company

A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life. In the North Sea alone, more than 400 fields are expected to cease production by 2026 at an estimated cost of $56 billion. Globally, more than 700 fields are expected to require decommissioning.  The JV will initially offer bundled solutions for up to 80 percent of the oil field decommissioning process, including project

Fugro/CGG JV Wins Seismic Survey Contract

Fugro and CGG joint venture Seabed Geosolutions said it was awarded a contract for an ocean bottom seismic project in the Middle East. The survey to acquire 3D seismic data is planned to commence in the fourth quarter of 2018. The contract value of around $25 million.

Photo: Kreuz Subsea

Newbuild Kreuz Challenger Mobilized for Brunei Shell Contract

recognized diving system assurance, DNV class standards and IMCA regulations. The vessel can accommodate 105 personnel and is equipped with a 100-ton active heave compensation crane, a 12-man saturation diving system, and a self-propelling hyperbaric lifeboat.Kreuz Subsea has entered into a joint venture (JV) with Bruneian offshore marine services company, SPHI Marine Sdn. Bhd. The partnership has seen SPHI Marine acquire an equity interest in the firm’s Brunei operations.As part of the JV, Kreuz Subsea has committed to developing local personnel with competencies in the field of offshore

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Subsea 7: Offer Could Change if McDermott Cooperates

services group Saipem, which competes with Subsea in providing undersea solutions for oil and gas firms, has said the bid for McDermott is a sign of industry consolidation that has to be monitored closely. The move comes after Schlumberger and Subsea started talks earlier this year to form a joint venture to deliver undersea installations and services. Oil firms have returned to profit thanks to higher oil prices and cost cuts made in the recent downturn, but their suppliers are still feeling the squeeze. Siem has long called for the industry to consolidate as a way of coping. "Siem

© Yauhen Suslo / Adobe Stock

Taiwan: The Next Battleground for Offshore Wind

said Andreas Nauen, offshore chief executive for Siemens Gamesa, adding some European equipment would initially be used.Siemens Gamesa is working to develop the Port of Taichung as a regional hub and has signed non-binding agreements with some local partners that could provide gear locally.MHI Vestas, a venture between Japan's Mitsubishi Heavy Industries and Danish turbine maker Vestas, is also considering developing local manufacturing."We want to produce locally because we want to be competitive," the joint venture's chief executive, Philippe Kavafyan, told Reuters.(Reporting by Stine

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