Subsea World News has put together a recap of the most interesting articles from the previous week (August 24 – August 30). Schlumberger and Cameron have signed a definitive merger agreement in which the companies will combine in a stock and cash transaction. Under the terms of the agreement, Camero
VIDEO: Panama Canal’s Pacific Locks Spring Leak The newly constructed third set of locks of the long-awaited Panama Canal expansion project are leaking based on the latest photos and videos that emerged in the … Read More DSME Shipyard in Flames Two workers died and seven were injured in a fire that
VIDEO: Panama Canal’s Pacific Locks Spring Leak The newly constructed third set of locks of the long-awaited Panama Canal expansion project are leaking based on the latest photos and videos that emerged in the … Read More DSME Shipyard in Flames Two workers died and seven were injured in a fire that
One of the world’s largest suction hopper dredger, Jan de Nul’s Leiv Eiriksson, was successfully dry-docked at Nakilat-Keppel Offshore & Marine (N-KOM) recently. Capable of dredging up to a depth of 155m, the 78,000dwt vessel has a 46,000m3 hopper capacity and a total trailing pump power of 13,000kW
DEME reported another particularly active first half-year in 2015. A net profit of 119.8 million euros (1H14: 62.6 million euros) was realized on an (economic) turnover of 1,218.7 million euros. Besides the many ongoing projects on all continents, several largescale projects in Australia (Wheatstone
Italy’s Saipem has been awarded by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City, for a total amount of approximately $1.3 billion, Saipem share. The Al-Zour NRP will be one of the largest oi
Bakker Sliedrecht has won a contract to upgrade obsolete inverter units, both the cutter and the winches, on board the National Marine Dredging Company (NMDC) cutter dredger Umm al Anbar in Abu Dhabi. A team of Bakker’s engineers will use their knowledge and expertise from previous dredging projects
Indian Register of Shipping (IRClass), a classification society covering a range of shipping, offshore and industrial projects, has opened an office in Abu Dhabi. Abu Dhabi is the second office location for IRClass in the Middle East, following Dubai, and reflects the society’s strong commitment to
The strength of the tanker market which has enjoyed pretty high rates may be threatened by the inflow of the new tonnage scheduled for delivery in the following two years. “Given the positive outlook of the tanker market we expect very little scrapping and the orderbook is a concern. As the delivery
The strength of the tanker market which has enjoyed pretty high rates may be threatened by the inflow of the new tonnage scheduled for delivery in the following two years. “Given the positive outlook of the tanker market we expect very little scrapping and the orderbook is a concern. As the delivery
McDermott has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. Work on the contract is expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement (LTA) between McDerm
McDermott has secured a contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. The U.S. based company said that work on the contract was expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement
The market for chartering of LNG shipping deteriorated further during the second quarter of 2015, Golar LNG said in its second quarter business results. As explained, chartering activity and rates both remained low for much of April and May. During the latter half of May and into June the number of
The market for chartering of LNG shipping deteriorated further during the second quarter of 2015, Golar LNG said in its second quarter business results. As explained, chartering activity and rates both remained low for much of April and May. During the latter half of May and into June the number of
