Top News of the Week of Sep 15 – Sep 21, 2014

1. Subsea 7 Reduces Norwegian Workforce

Oil services company Subsea 7 is reportedly reducing its Norwegian workforce between 100 and 150 employees due to project delays.

2. Scientists Find Large Submarine Canyon in Med

A massive underwater canyon has been discovered in the Mediterranean near Italy by an international team of scientists that includes mapping experts from the National Oceanography Centre.

3. Unique Hydra to Deliver Dive System for UDS’ Newbuild

Unique Hydra, a division of Unique Maritime Group (UMG) an integrated turnkey subsea and offshore solutions provider, has been selected by Ultra Deep Solutions (UDS) to design, build and integrate the dive system for a multipurpose Diving Support Construction Vessel (DSCV).

4. Subsea 7 Brings Back Two Directors

Subsea 7 S.A. has re-appointed (co-opted) Allen Stevens and Robert Long to the Company’s Board of Directors with immediate effect.

5. Ranger Buys Technip’s North American Diving Assets

Technip has signed an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.. Technip’s strategy focuses on high technology and ultra-deep water products and services.

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