Global Cloud Xchange (GCX) subsea cables FALCON between Muscat and Suez, and FEA between Mumbai and Suez, are back in business following cuts offshore Port Suez in the Red Sea. GCX mobilized a cable ship through its partner in the Middle East, E-Marine to support with the repairs. The repairs of FAL
Energy services group Hunting has acquired Enpro Subsea from members of the Enpro management team and Energy Ventures Private Equity for a total consideration of $33 million. The deal also has a potential maximum earn out of $3.0 million based on EBITDA performance in 2020. The Aberdeen-based busine
Subsea technology and engineering firm Viper Innovations said it has booked record sales of its V-LIM cable integrity monitoring technology during 2019, almost trebling sales compared to that of the previous year. The company has increased its export sales overall by 20% and enjoyed significant grow
Xergy, the startup company aiming to revolutionise resourcing in the energy industry, has invested £120k in opening an office in Aberdeen with plans to recruit an additional 15 employees. Led by industry stalwarts, James McCallum and Colin Manson, Xergy has moved into Rubislaw Terrace in the city’s
Aberdeen-based subsea equipment solutions specialist Ashtead Technology has secured a new contract with Ocean Installer following the completion of subsea installation project in 2019. Ashtead will provide its Deflection Monitoring System (DMS) and field engineers to install six integrated template
Optime Subsea have secured a large international contracts as a direct result of increasing its product portofolio. Optime have developed its competence, as well as products and systems, to include topside equipment interfacing to its subsea systems. In order to control Opime’s existing subsea syste
The Europe India Gateway (EIG) submarine cable system has been upgraded to accelerate and strengthen connectivity between businesses in the UK, Europe, the Middle East and India. Using Ciena’s submarine network solution, the upgrade allows EIG to utilize flexible, express wavelengths, also known as
First Subsea, part of Aberdeen-based First Tech Group, has secured the inter-array cables protection contract from DEME at the Neart na Gaoithe offshore wind farm. The cable protection system will be designed to protect the cable during installation and during the operating lifespan of the wind farm
Orange has teamed up with Telxius to collaborate in Europe and the United States on backhaul extensions for the Dunant cable, a Google project. This 6,600km-long transatlantic cable will connect the United States to the French Atlantic coast and aims to launch services in late 2020. Under this agree
Eddyfi/NDT has acquired Norway-based subsea inspection and pipeline inline inspection specialist Halfwave. Halfwave is the owner of the proprietary acoustic resonance technology (ART), an ultrasound-based technique which allows measurements in imperfect conditions and without the need for liquid cou
The supervisory board of Fugro has nominated Ron Mobed as member of the supervisory board for a four-year term, as per the annual general meeting that will be held on 30 April 2020. Mobed will fill the vacancy that arises as Maarten Schönfeld, current member of the supervisory board, will retire at
i-Tech 7, Subsea 7’s Life of Field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalisation, initially for a period of five years from the fourth quarter of 2019. The agreement will help fast-track innovation and streamline the adoption of a
Sonardyne underwater instrumentation is to help scientists across the US better understand and possibly predict earthquake and tsunami risk at a far greater scale. Scripps Institution of Oceanography, through a $5.5 million grant from the US National Science Foundation (NSF), is procuring equipment
Seismic player SeaBird Exploration has secured a three-year credit facility with SpareBank 1. The company said it will use the proceeds from the loan to repay the bond loan expiring in June, and to outfit the vessel Fulmar Explorer for seismic operations. The outfitting project should start in Q1 wi
