Equipment
Singapore’s Sembmarine buys Norway’s LMG Marine for $20M
Singapore’s offshore rig builder Sembcorp Marine Ltd will buy Norway’s LMG Marin AS $20 million, getting hold of a cache of design patents and expertise in naval architectural design, engineering and technology development. Bergen-based LMG is a naval architecture as well as ship design and engineer
Sembcorp Marine Snaps Up Norwegian Naval Design and Engineering Firm
Sembcorp Marine has agreed to acquire a 100% equity stake in LMG Marin AS (LMG) for US$20 million. LMG is a naval architecture as well as ship design and engineering house headquartered in Bergen, Norway, with offices in Poland and France. Its design and engineering portfolio spans floating structur
Viper Subsea Receives Queen’s Award
Her Majesty’s Lord-Lieutenant of Somerset, Annie Maw, has officially presented Viper Subsea with The Queen’s Award for Enterprise in Innovation at a ceremony at the company’s Portishead head office which took place on Friday August 19. Viper Subsea is an engineering company that provides consultancy
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (August 15-21, 2016). Heron Expands Its Dredging Fleet with New Backhoe Heron Construction Ltd, a New Zealand company involved in dredging and marine construction works, has launched the latest addition to its fle
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 15 – August 21). Oslo-listed DOF Subsea said it has been awarded several contracts in Asia Pacific and Brasil in the past weeks. During Q2 and so far in Q3 2016, DOF Subsea reported contract wi
WATCH: German WW1 Submarine Wreck Found in North Sea
The Danish Maritime Authority confirms having received a report on the finding of a wreck off the west coast of Jutland. According to the report, the wreck found is UC-30. The report also states that there are unexploded mines and torpedoes on board. However, currently the Danish Maritime Authority
Clinton in Seabed Mapping Project for INFOMAR
Sweden-based Clinton Marine Survey has secured a contract with the INtegrated Mapping FOr the Sustainable Development of Ireland’s MArine Resource (INFOMAR). The INFOMAR programme is a joint venture between the Geological Survey of Ireland and the Marine Institute. The programme is a successor to th
MCG Loss Widens
Oslo-listed marine seismic data provider, MultiClient Geophysical (MCG), has plunged deeper into the red on impairment charge of USD 0.9 million, which relates to delays in sales triggers for mostly Norwegian projects. MCG reported revenues in the second quarter 2016 of USD 2.7 million, compared to
VIDEO: Sandbank Inter-Array Cables Setup
In the summer of 2016, VBMS completed their scope of work for Vattenfall’s Sandbank offshore wind farm. A total of 76 inter-array cables were installed and post-lay buried in approximately two and a half months. VBMS deployed its multipurpose vessels Stemat Spirit, Ndurance and Ndeavor in order to s
Helix Delivers First Riser-Based Coiled Tubing Intervention
Aberdeen-based UK subsidiary of Helix Energy Solutions, Helix Well Ops UK has completed the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV). The project was conducted from the company’s vessel Wel
DBL Group Launches DBL Dredging Limited
DBL Group, a Dhaka based diversified business conglomerate, has just launched its dredging business concern named ‘DBL Dredging Limited’. “It is going to be a full service company for valuable contribution towards the dredging and excavating needs of Bangladesh,” the company stated in the announceme
EMGS Cuts Costs to Shrink Loss
Electromagnetic Geoservices (EMGS) has narrowed its loss in the second quarter, ended June 30, 2016, as the company chopped its operating expenses by some 30 percent. The Oslo-listed company posted net loss of USD 11.2 million, compared to net los of USD 26 million in the same period in 2015. EMGS a
Helix in ‘pioneering’ riser-based coiled tubing well intervention
Helix Well Ops (U.K.) Limited, a UK subsidiary offshore energy service company Helix Energy Solutions, has completed what it says it the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV). Helix says
Boskalis 2016 First Half Results: ‘Drastic Measures’ Announced
Royal Boskalis Westminster N.V. realized a net profit of EUR 147.5 million in the first half of 2016 (H1 2015: EUR 306.5 million). Revenue in the first half of the year fell 25% compared to the first half of last year to EUR 1.17 billion (H1 2015: EUR 1.57 billion). Whereas the first half of 2015 wa