Equipment
‘Subsea Power Hub’ Developers Get £1M Funding Boost
East Coast Oil and Gas Engineering (EC-OG) has secured over £1 million of external investment from Castle View Ventures and the Scottish Investment Bank, the investment arm of Scottish Enterprise. This long-term strategic investment follows the announcement of a £1.2-million research and development
U.S. weekly rig count climbs
The rigs are on the rise. Baker Hughes reported an increase in U.S. weekly rig count on Friday, both offshore and onshore. Canadian numbers are up as well. Worth noting, the numbers are down when compared to the same period last year. BHI Rig Count: U.S. +7 to 447 rigs U.S. Rig Count is […]
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (July 11 – July 17). Norway’s offshore union Industri Energi (IE) plans to boycott Bibby Offshore to prevent it from securing more work on the Norwegian Continental Shelf due to information suggesting
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (July 11-17, 2016). Boskalis Announces Job Cuts and Fleet Reduction Royal Boskalis Westminster N.V. has completed its fleet rationalization study announced earlier this year. The Netherlands to Implement New Flo
Faroe raises cash for Dong Energy, Brasse
Faroe Petroleum, the independent oil and gas company focusing on the North Sea exploration and production has completed the placing of the shares announced on July 14, 2016. A total of 88,500,000 new Ordinary Shares in Faroe were placed, raising gross proceeds of £62.0 million at a price of 70 pence
AquaTerra Brings in New Manager of Engineering Projects
AquaTerra Group, specialists in offshore construction, rigging and lifting and decommissioning has appointed Stephen Taylor as the company’s new manager of Engineering Projects. AquaTerra believes Taylor, who started his new role in the company earlier this month, will play a crucial role in the fir
PHOTO: Aker Wayfarer Takes On Renewables
The 157 meters long subsea equipment support vessel (SESV) Aker Wayfarer has been engaged in a tidal energy project for the French developer Sabella to retrieve its D10 tidal turbine from the bottom of the Fromveur Strait, off Ushant island, France. Ocean Yeald’s vessel, on a long-term charter with
Akastor Sees More Red Ink
Oilfield services investment company, Akastor, has booked a second-quarter 2016 loss as revenue declines in the weak market. The Oslo-listed company recorded loss of NOK 838 million (approx. $100 million) for the second quarter 2016, compared to loss off NOK 298 million ($35.5 million) in the corres
MPS, Hunger Hydraulic in WaveSub Equipment Supply Deal
Marine Power Systems (MPS), a Swansea-based company, has signed a contract with Hunger Hydraulic UK for the supply of hydraulic cylinders and seals for its WaveSub device. Hunger Hydraulic is providing MPS with hydraulic cylinders for the WaveSub’ power take off system. In addition, Hunger Hydraulic
Unique Hydra Comes Up with New Diver LARS Solution
Unique Group’s diving & life support equipment manufacturing division, Unique Hydra, has developed its new LRE50-A2 extended reach diver launch and recovery system. The LRE50-A2 is designed to resolve an operational requirement to deploy divers a distance off of the side of a vessel. Namely, DP divi
Lankhorst Ropes Keeps Ocean Cleanup System in Place
Maritime ropes supplier, Lankhorst Ropes, and synthetic fibre specialist DSM Dyneema have collaborated in supplying Dutch foundation ‘The Ocean Cleanup’ with synthetic mooring ropes for a prototype ocean cleanup system. The Ocean Cleanup was founded with the aim of developing advanced technologies t
GE to power world’s largest crane vessel
GE has signed a deal which will see it provide equipment for one of the world’s largest crane vessels – Heerema Marine Contractors’ Sleipnir. The Sleipnir semi-submersible crane vessel is currently under construction at Sembcorp Marine’s Singapore yard. Under the recently signed deal between GE’s Ma
Oceaneering Lands Heerema Subsea Deal
Oceaneering has entered into a master service agreement with Heerema Marine Contractors (HMC) through December 2020. During this time Oceaneering will provide up to ten remotely operated vehicle (ROV) systems with associated subsea tooling, engineering and technicians to support HMC’s global operati
MacArtney Supplies Mermac Winches to Canyon Offshore
MacArtney has supplied Mermac winch systems to Canyon Offshore, the marine contracting unit of Helix Energy Solutions, to be used on the latest two ‘Grand Canyon’ range offshore support vessels. MacArtney has supplied a total of four winch systems, all featuring active heave compensation (AHC) allow