Equipment
$600M investment for CHC
Offshore helicopters owner CHC Group Ltd. and Clayton, Dubilier & Rice (CD&R) today announced they have entered into definitive agreements for CD&R managed funds to invest $500 million in CHC through the purchase of convertible preferred shares to be issued in a private placement. As part of the t
Quinns Beach Receives New Sand (UK)
Fred Stubbs Park at Quinns Beach is scheduled to reopen to the public next week as the coastal protections works are nearing their completion. Following a closure of six months due to contractor works, the park will reopen on Friday, 29 August. With irrigation works, topsoil and turf placement alrea
Russia: Sabetta Port Dredging in Full Swing
Arkhangelsk Branch of Rosmorport resumed the Sabetta Port dredging work in early August, as soon as the summer navigation period commenced. The dredging vessels arrived within the planed period on August 1, 2014, while the marine survey and full package of environmental engineering survey had been c
VIDEO: ABB’s New Underground and Subsea Power Transmission Cable System
ABB, the leading power and automation technology group, has successfully developed and tested a 525 kilovolt (kV) extruded high-voltage direct current (HVDC) cable system to make renewable energy installations more efficient and cost-effective. The new cable offers a 64 percent increase over 320 kV,
SNC-Lavalin completes Kentz acquisition
SNC-Lavalin Group Inc. has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries.
Statoil to drill wildcat in Barents Sea
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7125/4-3 in the production licence 393 B, in the Barents Sea. Well 7125/4-3 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig, type Aker H-6e. It was built in 2009 at Aker Stor
DHI: Report on Coastal Erosion Mitigation Guidelines Released
The World Association for Waterborne Transport Infrastructure (PIANC) recently released Report no. 123 – 2014 entitled ‘Countries in Transition: Coastal Erosion Mitigation Guidelines’. Karsten Mangor, one of the DHI experts, was the Chairman of the International Co-operation Commission Working Group
New Orleans to Host ICCE 2014 Symposium (USA)
The International Symposium on Sediment Dynamics: From the Summit to the Sea will take place on December 11-14, 2014, in New Orleans, USA. This International Symposium is part of a series of events organized under auspices of The International Commission on Continental Erosion (ICCE), which is one o
Siem Offshore sells two OSCVs
Norway’s Siem Offshore has entered into an agreement with Daya Materials Bhd. for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of USD 282 million. Daya, based in Malaysia, has been given 150 days to arrange for financi
Georgia: Terek River Dredging Moves Forward
The cleaning works in Devdorak valley have officially commenced following recent landslide that hit the Dariali Gorge on the border between Russia and Georgia. According to the Georgia’s PM Irakli Gharibashvili, “special vehicles were sent to the disaster area to carry out the elimination of the dis
Rosneft, NADL mull assets swap
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL
Bureau Veritas nabs Kaombo FPSOs contract
Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service offshore Angola. The US$4bn project for the FPSOs was awarded to Saipem by Total for the engineering, procurement, installation and commissioning of two conv
HYPACK and HYSWEEP Software for NOAA Fishery Survey Vessels
HYPACK, Inc. recently supplied five NOAA Fishery Survey Vessels with the HYPACK® and HYSWEEP® software solution. The vessels, outfitted with the Simrad ME70 scientific multibeam system on board, is used by NOAA for various missions to support fishery and habitat mapping. The latest version of HYSWEE
Carnegie Signs Collaboration Agreement with European Wave Energy Developers
Wave energy developer Carnegie Wave Energy Limited announces the signing of a Collaboration MOU with leading European power industry firms and a number of UK based wave energy developers aimed at reducing costs and increasing reliability. The collaboration brings together Carnegie’s UK subsidiary, C