Equipment
RentOcean to Invest in Rental Equipment
Oceanteam Shipping informed that its subsidiary RentOcean has successfully signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. According to the company’s filing to Oslo Stock Exchange, the facility matures in 3 years after the facility start date. Proceeds of drawdowns un
Aker Solutions Takes Profit Hit
Aker Solutions’ net income for the quarter fell to NOK 220 million ($28.7 million) from NOK 283 million ($37 million) in the same period last year. Earnings per share (EPS) fell to NOK 0.79 in the quarter from NOK 1.03 a year earlier. Earnings were impacted by costs of overcapacity in the maintenanc
Port of Gothenburg introduces robot for containing oil spills
A new robot for deploying booms in the event of an oil spill has been introduced at the Port of Gothenburg. According to the Port of Gothenburg, this new technology is supposed to secure more rapid and safer oil spill clearance. Dan-Erik Andersson, Head of Operations at the Energy Port in Gothenburg
Kongsberg in cooperation agreement with KBC
Kongsberg Oil & Gas Technologies and KBC Advanced Technologies have entered into a non-exclusive cooperation agreement to develop stronger simulation software integration and more effective engineering and operations workflows for the oil and gas marketplace. Kongsberg says that the objective is to
AFG to supply HVAC equipment for Johan Sverdrup
Statoil has awarded AF Gruppen (AFG) the framework agreement for the supply of HVAC Equipment (Heating, Ventilation and Air Conditioning) for Johan Sverdrup Field Centre, offshore Norway. The contract period is 5 years with the option for Statoil to extend the contract by up to two consecutive perio
Wello Continues Penguin Trials at EMEC
Finnish wave energy developer Wello Oy is extending its testing programme at the European Marine Energy Centre (EMEC) in Orkney having signed a one year extension to their original contract. Their 1MW Penguin wave energy converter has been undergoing testing in Orkney since June 2011, and was first
Jobs Lost as X-Subsea UK Goes Under
Aberdeen-based subsea dredging and excavation specialist, X-Subsea UK Holding and its subsidiaries, have entered into Administration on April 27, 2015 following the collapse of wider Norwegian-based parent group. The company informed that Alexander Iain Fraser and Thomas Campbell MacLennan from FRP
VIDEO: Smals’ Dredger Staaij at Delfzijl Project
Koninklijke Smals, a Dutch company involved in hydraulic and civil-engineering works, has released a video about their environmental dredging project in Delfzijl. This dredging program included removal of mercury contaminated silt from Eemskanaal and Oosterhornkanaal. To accomplish this task, Smals
Hetzner Online Buys into Germany-Finland Subsea Link
German web hosting company and data center operator, Hetzner Online, is investing in a 1,100 km long deep sea cable from Rostock to the capital of Finland, Helsinki. The fiber-optic link is expected to be put into operation in the spring of 2016. Preparations for cable system implementation have sta
Kleven Gets Green Light for De Beers’ Newbuild
De Beers Marine Namibia, part of diamond company De Beers Group, has lifted all subjects, thus confirming its contract with Norwegian ship builder Kleven on the building of a highly specialised vessel for deep water mineral exploration. The contract was initially announced in October 2014, but sub
Alcatel-Lucent Bags Orval Subsea Cable Deal
Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications, have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. With completion expected in 2016, the 100
Cargotec’s MacGregor Cuts 220 Jobs
Cargotec is laying off some 220 employees globally at its MacGregor business, in order to respond to the weakening market situation due to the low oil price and low number of new merchant ship orders. The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singa
MacGregor letting more than 200 workers go
MacGregor, a deck equipment provider and a subsidiary of Cargotec, will start cutting workforce to respond to the deteriorating market situation caused by the low oil price and low number of new merchant ship orders. More than two hundred workers will be let go. MacGregor is planning to reach saving
Nexans Boosts Revenue
Nexans saw its stock price jump 13% today after the French cable giant posted revenue increase boosted by steady growth in submarine cables. For the first quarter, ended March 31, 2015, Nexans generated sales of 1.6 billion euros, compared to 1.56 billion in the corresponding period in 2014. At cons