Page 92: of Offshore Engineer Magazine (Oct/Nov 2013)

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Companies

Activity

Ocean Installer, McDermott alliance ends will not impact any of Ocean Installer’s current contracts.

Stavanger-based Ocean Installer AS and Houston-based McDermott

International, Inc. mutually agreed to dissolve their North Sea project-

Ocean Installer and McDermott entered the alliance to pursue specifc alliance that the two companies entered in December 2012.

and execute North Sea rigid pipelay projects. The partnership was projected to pave the way for a more permanent relationship.

McDermott said that opportunities under the alliance have not materialized, however, the relationship

The end of the alliance has not deterred McDermott from between McDermott and Ocean Installer pursuing future partnerships, the company said in a press remains amicable. In recent months it has statement: “McDermott may undertake timely and appropri- become apparent that the long term strate- ate strategic partnerships with leaders and niche players in the industry in support of reaching global tier-one status in gic aims of both companies are not aligned. subsea project execution.” “We had diferent strategies,” said Ocean

Ocean Installer maintains focus on expansion. The company

Installer CEO Steinar Riise. “As you may- established a Houston ofce earlier this year.

have seen of their recent press releases, “Houston is an extremely important market because of the

McDermott has a lot of changes going on.

Steinar Riise, Chief resources there. We strive to beco

Their strategy did not ft with ours.” me a global service provider

Executive Ofcer of

Riise said the dissolution of the alliance Ocean Installer and Houston is a part of that,” Riise said.

A new company, , be approved by competition authorities was set up in 2012 with US$300 million

DNV GL Group has been formed following the merger in South Korea, USA, EU, and China. backing from Norwegian private equity of DNV and GL Noble Denton. DNV GL frm HitecVision.

Group is now a major ship and offshore Directors of Aberdeen-based

Bridge classifcation society, providing techni- have approved a £103 million

The University of Stavanger

Energy cal assurance and risk management takeover bid from Norway’s has been chosen as the home for a new

Spike services to the oil and gas industry and . The deal would see

Norwegian national research center for

Exploration expertise in wind, power transmission Spike acquire the entire issued share increased oil recovery. The University and distribution. DNV GL employs capital of Bridge Energy at a premium of Stavanger (UiS), the International 17,000 people across 300 sites in more of about 41% to Bridge’s share price on

Research Institute of Stavanger (IRIS) than 100 countries. The merger had to its last trading day. Spike Exploration and Institute for Energy Technology (IFE) are the main partners in the new research consortium. Associate Professor

Entries are now open for the , 2014 Offshore Achievement Awards

Merete Vadla Madland will be the presi- hosted by SPE Aberdeen and supported by Offshore Engineer and TAQA. For more than 27 years, the awards have recognized outstanding success and innova- dent of the new center. It will be funded tion in the oil and gas sector. Last year’s awards ceremony attracted a record 530 by the Norwegian government with industry professionals. This year, two new categories have been introduced—

NOK50 million over the next fve years. the Inspiring Leader and the Environmentalist awards. Deadline for entries is

December 1. The awards will be held at the Aberdeen Exhibition and Conference Abu Dhabi-based subsea engineer-

Centre on March 20, 2014. For more information go to: www.spe-oaa.org. ing and diving services frm

DCN has been bought by

Global Fugro . The com-

Subsea Middle East pany, which will be renamed

Fugro (Middle East),

Subsea Services has primarily operated in the Middle

East, Caspian, and African regions.

DCN Global employs about 39 people with about 170 contract staff. Annual revenues are about US$30 million.

Fugro Subsea Services (Middle East) will continue to work with DCN Diving (L-R) SPE Aberdeen chairman Anthony Onukwu with Ian Phillips, SPE board member in the Netherlands.

responsible for organising the OAAs, and Pete Jones of principal sponsor TAQA.

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