Equipment
Saipem Hikes Profit
Italian contractor Saipem has seen profit rise despite tough market conditions. The company posted earnings for the first quarter of 2015 (ended March 31, 2015) of €77 million, versus €61 million in the first quarter of 2014. Revenues in the fourth quarter were up, amounting to €3 billion, an increa
Keynvor MorLift Expands ROV Fleet
Keynvor MorLift Ltd has added a second Saab Seaeye Cougar XT to their ROV fleet. Keynvor MorLift (KML) specialises in deploying Cougars for operational, installation and maintenance work at tidal energy project sites in the UK and Northern Europe, Saab Seaeye wrote. “Being able to work in a strong t
Subsea Innovation Revamps LARS
Subsea Innovation has refurbished a Launch and Recovery System (LARS) for a major offshore oil & gas contractor. In its most recent project, the Darlington-based company undertook the complete strip down of the Launch and Recovery System at its new, purpose-built manufacturing facility. The LARS was
Carimin Teams Up with MOS and PAI
Malaysia’s Carimin Engineering has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd. (MOS) and Petro Allied International (PAI). Carimin Engineering has experience and expertise on Hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine ve
Stork Secures Bibby Offshore Deal
Stork has been awarded a three year Frame Agreement focusing on the UKCS and Norwegian sectors, by Bibby Offshore. It is the first Frame Agreement Stork has signed with Bibby Offshore. The agreement, which comes with two one year extension options, will allow Stork to deliver subsea bolt tensioning
News in Photos: Keel Laying for New IHC Dredger
The keel laying event for the 1,840 m3 trailing suction hopper dredger took place at MTG Dolphin Shipyard in Varna, Bulgaria, on 22nd of April, 2015. The vessel, being built under yard number BN802 by order of Royal IHC for Dutch Dredging, will be delivered in late autumn of 2015. She is a standardi
Siemens Hands Over SylWin1 to TenneT
Siemens has handed over SylWin1, the third North Sea grid connection this year, to its customer TenneT. The German-Dutch transmission grid operator has now put the “world’s most powerful grid connection to date” into commercial operation. The offshore platform of the SylWin1 grid connection is locat
Photo Update: Busy Day in New Suez Canal
Fifty kilometers to the south of Port Said on the Mediterranean Sea, a new waterway is being excavated parallel to the existing canal. This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Ismailia
New Investments in Small Craft Harbors
Senator Fabian Manning, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans, has announced that the Government of Canada will invest in major improvement projects at small craft harbors in Newfoundland and Labrador. This funding will provide a safer and more efficient working envi
McDermott, Hydra in Ghana JV
McDermott has created of a new joint venture, McDermott Marine Construction Ghana Limited (MMCGL), that will pursue key offshore opportunities in Ghana and other developments in the African market. Building McDermott’s presence in Ghana with minority partner Hydra Offshore Group of Accra, Ghana, the
Falck adds to its offshore fire training assets
Falck Safety Services (Falck), has recently enhanced its fire training asset, installing a new three-storey fire rig, located at Aberdeen Airport. The new investment, working in partnership with The Fire Training Group (FTG), will enable Falck to continue to provide offshore workers with fire traini
C-MAR launches new dynamic positioning training facility in China
C-MAR, an international marine and offshore services provider, and the Shanghai Maritime University (SMU) have officially launched the Dynamic Positioning training facility (DPC-SMU) at a ceremony in Shanghai, China. C-MAR will provide dynamic positioning (DP) training to Chinese nationals and vesse
Stork lands three-year deal with Bibby Offshore
Stork, a provider of asset integrity management services focused on the oil & gas sector, has won a three-year frame agreement with Bibby Offshore for subsea mechanical and environmental and decontamination services. The agreement, which comes with two one year extension options, will allow Stork to
New Mini Excavator Unveiled at Intermat
Hitachi Construction Machinery (Europe) NV (HCME) has unveiled new ZX26U-5 mini excavator as part of its impressive new line-up at Intermat 2015 show in Paris, France. Designed to be user-friendly, offering high levels of performance, comfort and easy maintenance, the Zaxis-5 model can be easily tra