Equipment
Nautilus Makes New Appointments
Toronto-based underwater mineral exploration company, Nautilus Minerals, has appointed Stuart MacKenzie as company secretary and legal counsel, and Glenn Withers as acting chief financial officer, effective October 14, 2016. MacKenzie has over 30 years experience in the mining industry. He has serve
Malaysia’s Perisai Petroleum ‘insolvent’
Perisai Petroleum, a struggling Bursa Malaysia-listed oilfield services provider, is now a PN17 company, after failing to pay its interest to noteholders, and declaring itself insolvent. According to a definition by KLM Management, PN17 is issued by Bursa Malaysia, to companies that are in financial
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
Huawei, LTI Partner on Middle Package of Palapa Ring Project
Huawei and PT.LEN Telekomunikasi Indonesia (LTI) have signed an agreement to design and construct a portion of the Palapa Ring Project in Indonesia. The Palapa Ring is a broadband network project that is led by Indonesian government for the purpose of increasing broadband penetration in the more rem
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
C-Kore Provides PTTEP Australasia with Tools for Subsea Testing
C-Kore Systems has completed another campaign with PTTEP Australasia by supplying them with its C-Kore subsea testing tools. The C-Kore tools, designed and built to speed up and simplify subsea testing, were used to fault-find electrical cables subsea. According to the company, the C-Kore units save
Technip Scoops Petronas Malaysia Subsea Work
Technip has been awarded a subsea contract by Petronas, for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia. Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4” to 6”,
Vard Aquires Aquaculture Equipment Suplier
Vard, a designer and shipbuilder of specialized vessels, has entered into an agreement to acquire Storvik Aqua, equipment provider to the aquaculture industry. The purchase price is approximately NOK 35 million or some $4.3 million. Headquartered in Sunndalsøra, Norway, Storvik Aqua has a production
MacArtney’s Docking Head for Schmidt Ocean Institute ROV
MacArtney has supplied Mermac D docking head for Schmidt Ocean Institute remotely operated vehicle (ROV), soon to be deployed on a sea study. The SuBastian ROV will be deployed onboard R/V Falkor during the surface microlayer and air-sea boundary cruise. The Mermac D will aid in launch and recovery
Kraken Sonar Welcomes New Board Member
Kraken Sonar has added Larry Puddister to the company’s board of directors. Puddister is co- chairman of Pennecon Limited, and also a majority shareholder and CEO of Newcrete. Karl Kenny, Kraken’s president and CEO, said: “We are delighted to welcome Larry to the Kraken Board of Directors. His exten
TE SubCom Launches Ocean Spectrum Bandwidth Manager Software
TE SubCom has released Ocean Spectrum bandwidth manager software, which should in conjunction with TE SubCom’s Ocean Gateway products, enable cable operators to select their preferred submarine line terminating equipment (SLTE) line card supplier and create an interoperable and complementary dry and
Matecs: Producing High Pressure Dredge Valves for DEME
Matecs BV, a Roosendaal based developer and producer of metal industrial parts for heavy duty usage, is currently producing high pressure (up to 40 bars) dredge valves for DEME’s newbuilding trailing suction hopper dredger Bonny River. These valves have been equipped with wear-resistant liners and a
Motive to Build Carousel Loading Tower for Swan Hunter
Swan Hunter has awarded Motive Offshore Group a Letter of Intent (LoI) for the design and build of a basket carousel loading tower. Swan Hunter expects its modular basket carousel and tower lay spread to be available for cable, umbilical and flexible pipeline installations for the 2017 summer season