Boskalis has acquired the remaining 37.5% in the UAE-based survey specialist Horizon. The acquisition follows the deal from earlier this year when Boskalis acquired 62.5% of the shares in Horizon. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 20
Subsea World News has put together a recap of the most interesting articles from the previous week (November 11 – November 17). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Report Major Industry Move Ahead As Saipem And Subsea 7 Enter Merger
Eco Wave Power has started the assembly phase of the hydraulic land-located conversion unit for its first grid connected installation in Israel. This will be the first time that wave energy will connect to the national electric grid in Israel and a special Feed in Tariff (FIT) will be determined for
Polarcus has signed a memorandum of understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the MENA region. Polarcus provides marine seismic acquisition capabilities and cloud-based priority processing services, while ARGAS provides regional expert
James Fisher Offshore (JFO) supports Saudi EPC business, NPCC to deliver time and cost savings in offshore decommissioning operations in the Middle East. According to JFO, its ultra-high-pressure (UHP) abrasive water jet internal cutting system has delivered NPCC a 60% reduction in overall cutting t
Innovo and Sparrows have completed a flexible lay spread contract for a major oil and gas, tier 1 contractor in Angola. The contract has been executed with Innovo’s Innodrive 700T electrical Reel Drive System (RDS) and a Sparrows tensioner integrated with under-deck carousel. The Innodrive RDS, desi
IMEWE (India-Middle East-Western Europe), the ultra-high capacity fiber optic submarine cable system, is deploying Ciena’s coherent optical solutions and automation software to address network capacity requirements in the region. Ciena’s solutions provide IMEWE with a network capable of delivering i
Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue t
Subsea World News has put together a recap of the most interesting articles from the previous week (October 14 – October 20). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Bhge Becomes Baker Hughes Company This content is available after accep
Weatherford has signed a $220 million, three-year contract with ADNOC to provide directional drilling services in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells. “Magnus is demonstrating consistent reliability, a critical elem
Offshore engineering specialist James Fisher Offshore (JFO) has established bases in Saudi Arabia and Dubai. JFO said that its commitment to the region follows a series of project wins for its abrasive cutting solution that will be resourced and managed in country. Ross Anderson, regional manager –
Subsea World News has put together a recap of the most interesting articles from the previous week (September 16 – September 22). https://subseaworldnews.com/2019/09/18/oceaneering-to-supply-subsea-umbilicals-for-project-in-bay-of-bengal/ https://subseaworldnews.com/2019/09/17/deep-down-appoints-chi
Eco Wave Power (EWP) has applied for a new international patent (PCT) and a new Israeli patent for an integrated wave and solar system and started the initial testing for the combined solution. The idea for the combined solution was conceived from interest of several of EWP’s potential clients in ha
James Fisher Offshore (JFO) has won a decommissioning project in the Middle East with a new offshore platform jacket removal in Saudi Arabia. The work will utilise its pioneering cutting solution which is, according to JFO, capable of delivering significant time-saving efficiencies. The project, whi
