Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (September 18 – September 24).
The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Lancaster Early Production System (EPS) project.
The investment should strengthen and grow ACE Winches’ position as mooring, lifting, pulling and deploying solutions provider.
The project has during September continued to survey the Black Sea seafloor off the Bulgarian coast.
This is Lockheed Martin Ventures’ third investment this year, and it should create opportunities for both companies to grow their maritime capabilities, with a focus on multi-domain Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR).
The indoor fresh water tank, which can hold 73,600 litres of water, has been created for the primary purpose of testing ROVs and ancillary equipment. The facility should allow the company to be in control from the planning to completion of asset testing before they are deployed for both domestic and international projects.