Equipment
All Set for CEDA Dredging Technology Webinar
The next event in the CEDA webinar series on dredging equipment and technology will be a practitioner-level presentation on ‘Production estimation based on specific energy in sand, clay and rock’ and will take place today, from 14:00-15:00 hrs (CEST). The practitioner-level webinars are for professi
Technip Umbilicals Enters Redundancy Talks with Newcastle Staff
Technip’s wholly-owned subsidiary, Technip Umbilicals, has repotedly entered into a period of collective consultation with its workforce over proposed redundancies for its Newcastle-based manufacturing facility. The company, which employs some 500 workers at its Tyneside site, is said to be planning
Ofgem Lowers Revenue Cap for NSL Interconnector
Ofgem has proposed lower levels for the range in revenues that the developers of the North Sea Link (NSL) can earn, which should benefit the consumers of this electricity interconnector between UK and Norway. The NSL project is one of seven new interconnectors that have been proposed to link GB with
Seatools Upgrades HighWire for Boskalis
Seatools has completed the upgrade of a HighWire survey grade taut wire system, to be deployed by Boskalis to determine the position of a subsea cable plough during an installation project. Initially delivered in 2001, the HighWire system served Boskalis during the installation of submerged sewage o
Sonardyne Appoints Scandinavia Agent
Sonardyne International has appointed Scandinavian Aerospace and Industry AB (SAI) as a reseller of its maritime security products in Sweden, Denmark, Finland and surrounding territories. Under the terms of the agreement, SAI will promote Sonardyne’s family of underwater security products: Sentinel
Oil rises as market could be closer to balance than expected
Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.
NOC’s AUV Officially Named ‘Boaty McBoatface’
A new yellow robot submarine, based at Southampton’s National Oceanography Centre (NOC), has been named Boaty McBoatface by Jo Johnson – Minister of State for universities, science, research and innovation. The naming took place alongside the keel-laying ceremony of the UK’s new polar research ship,
REPORT: 3 Billion BOE Remains in UKCS Small Pools
More than three billion barrels of oil equivalent (boe) remain in approximately 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by the Oil and Gas Authority (OGA). Of the three billion, the majority are ‘small pools’, defined as less than 50 mil
Polarcus, TGS Ink 3D Seismic Deal
Polarcus has entered into a memorandum of understanding (MOU) to collaborate with TGS to jointly develop selected 3D multi-client projects. New projects taken under the collaboration agreement will be announced separately as they occur, Polarcus said in Oslo Exchange filing on Monday. Further, under
Aker Solutions to Construct Sverdrup’s Pipeline Receiving Facility at Mongstad
Aker Solutions has won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad terminal to receive oil from the North Sea Johan Sverdrup field. The contract, valued at about NOK 350 million ($42.5 million), is for engineering, procurement, construct
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 10 – October 16). DEA has awarded the EPCI (engineering, procurement, construction and installation) contract for the smaller structures and pipelines, as well as the subsea installation work
IHC Cuts 425 More Jobs
Royal IHC has informed that, due to persistently poor market conditions, it will be making additional capacity adjustments, which will have an impact on around 425 employees in The Netherlands. The company said it will hold staff meetings at all locations today where the management will provide staf
GTIS Introduces New Multi-Functional Pontoon
Saint-Petersburg based engineering company Global Technologies of Innovative Systems (GTIS) has presented a new multi-functional pontoon for dredging and underwater engineering operations. GTIS Director General, Yevgeny Yeryomin, said that the construction was performed at the premises of Interferru
ISIF Invests $25M in Aqua Comms
Aqua Comms, the operator of Ireland’s first dedicated subsea fibre-optic network interconnecting New York, Dublin and London, has secured an investment of $25 million in equity capital from the Ireland Strategic Investment Fund (ISIF). Aqua Comms said it will use the funds to further accelerate cust