Equipment
NTT Com Launches Asia Pacific Gateway Subsea Cable
NTT Communications Corporation (NTT Com) has launched the Asia Pacific Gateway (APG), a submarine cable network connecting regions and countries in Asia. The APG connects mainland China, Hong Kong, Taiwan, Japan, Korea, Malaysia, Singapore, Thailand and Vietnam. With a total length of 10,400 km, the
Lighthouse to Distribute Sound Metrics Sonars
Lighthouse has recently signed an agreement with the American company Sound Metrics for the exclusive distribution in Italy of their line of ARIS Sonars. Based in Bellevue, Washington, from 2002 Sound Metrics designs and manufactures imaging sonars that can be deployed from vessels, ROVs and AUVs. A
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Saab Seaeye manufactures electric powered remotely operated vehicle (ROV) systems for a wide range of professional applications. The range currently extends from the portable
Royal IHC Wins Important ‘Green’ Award
Royal IHC has been awarded the 2016 International Green Shipping Award for ‘The Most Sustainable Shipping Solution of the Year’. The ceremony took place during the International Green Shipping Summit in Rotterdam, the Netherlands, on 17-18 October 2016. The prize recognizes IHC’s efforts to limit th
VIDEO: New Wasa Giant Working in Klintehamn, Sweden
Wasa Dredging, a Finnish marine offshore and inland water construction company, recently acquired new multi-purpose land machine based on a EX1200 Excavator from Hitachi. The machine features a special Wasa designed 24 meter boom configuration with a 4 m³ heavy duty bucket. The first project for the
VIDEO: Protecting Lake Sedlitz from Erosion
The HUESKER Group, a Germany based manufacturer of geosynthetics and technical textiles, has just released a video about the Lake Sedlitz erosion protection project. This scheme involved works on a 1.500m long cliff erosion protection at the Lake Sedlitz, using SoilTain Coastal Protection Tubes – a
AKVA Group Acquires Subsea Technology Company Sperre
AKVA Group has entered into an agreement to purchase 66 percent of the shares in ROV and subsea technology company Sperre. The purchase price for the shares is based on an enterprise value of Sperre on a 100% basis of NOK 126,900,000, with customary adjustments for net debt and deviations from a nor
Aker Solutions Books Lower Quarterly Profit
Aker Solutions has reported a net income of NOK 169 million, or NOK 0.37 in the third quarter 2016 versus net income of NOK 220 million, or 0.75 NOK a year earlier. Revenue declined to NOK 6 billion in the quarter from NOK 7.5 billion a year earlier amid a market slowdown. In Subsea segment Aker [&h
Oceaneering Retires 39 ROVs in Q3 as Red Ink Flows
Oceaneering reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three months ended September 30, 2016. During the corresponding period in 2015, Oceaneering reported net income of $68.5 million, or $0.70 per share, on revenue of $744 million. Adjusted net in
Forum Swings to Quarterly Loss
Forum Energy Technologies, Houston-based oilfield products company, recorded net loss in the third quarter of $18 million, or $0.20 per diluted share, compared to net income of $6.7 million, or $0.10 per diluted share, for the prior-year period. The revenue recorded for the third quarter 2016 was $1
TGS to Beef Up Seismic Data Library in MSGBC Basin
TGS said it plans to expand its North-West African Atlantic Margin (NWAAM) multi-client library in the MSGBC Basin with acquisition of more than 11,500 km of long-offset broadband 2D seismic data as well as magnetic and gravity data, in the Republic of Guinea, Guinea Bissau and the AGC joint explora
Unique Appoints BD Manager for Subsea Rentals and Sale
Unique Group, a subsea and offshore solution provider, has appointed Felix Peña as the new business development manager for Subsea Rentals and Sales. Peña will be based within the operations team at Unique Group’s Houston office. He has nineteen years of experience in roles within sales and operatio
Jee Secures Funding from Innovate UK for Excalibur
Innovate UK has awarded Jee a GBP 75k in funding to develop a conceptual design of its ‘Excalibur’ system, a subsea infrastructure solution for the deployment of tidal arrays and the protection of subsea array cables. The project, kicked off in October 2016, is due to be completed by June 2017. It w
PGS Cuts Down Q3 Loss
Petroleum Geo-Services (PGS), has narrowed its quarterly net loss despite a slight decline in revenue during the third quarter of 2016. The Oslo-listed seismic player, posted quarterly net loss of $29 million or 12 cents per share, compared with $110 million net loss or 51 cents per share in the cor