Equipment
Petronas: Uncertainties remain despite modest oil price recovery
Malaysian oil and gas company Petronas, while acknowledging a slight recovery in oil prices, expects uncertainty to persist for a while. Presenting its half-year results on Monday, the company posted profit after tax of RM6.2 billion ($1.54 billion) for the half-year ended, a 72 per cent dip from RM
ROVOP Enjoys Growth in Houston
ROVOP is set to increase its Houston workforce as a result of further business growth including recent contract wins in the Gulf of Mexico region, the company informed on Monday. The growth follows the successful completion of a pipeline installation campaign in Mexico with Drebbel de Mexico, which
Komatsu Europe Introduces New Dozer
Komatsu Europe recently introduced an all-round performer, the D37EX/PX-24 dozer to the European market. The D37EX/PX-24, standout choice for any grading or earthmoving application, features a Komatsu EU Stage IV engine with class-leading power and unrivaled fuel efficiency, along with improved comf
Pemex terminates rig contract with Seadrill. Driller evaluating legal options
Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year e
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
PHOTO: InterMoor Building ‘Monster’ Suction Pile
Acteon’s mooring technology specialist, InterMoor, has shared an update on its “monster” suction pile project, currently underway at its manufacturing facility in Morgan City, Louisiana in the United States. Suction piles are a long steel cylinder topped with a pile top or cap. The cap comprises val
Hawaiki Inks Hawaii Landing Party Deal with DRFortress
Hawaiki Submarine Cable, the New Zealand owner and developer of Hawaiki submarine cable system, has selected DRFortress as its landing and operating partner in Hawaii. As part of its system architecture, Hawaiki will land its proposed 14,000 km trans-Pacific cable from Australia and New Zealand to t
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
ROVOP to increase Houston workforce. GoM business grows
An Aberdeen-based operator of remotely operated vehicles (ROVs), ROVOP, will increase its Houston workforce after enjoying a spell of business growth including recent contract wins in the Gulf of Mexico. The company said on Monday that the increased work comes off a successful pipeline installation
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
Mud Cat ROV Operating in Singapore
Ellicott Dredge Technologies (EDT) has announced the successful start up and installation of a state-of-the-art Mud Cat brand ROV (remote operated vehicle) at the world famous Gardens by the Bay nature park in central Singapore. ML Trading International purchased a Mud Cat Model SRD-6EHV ROV System