Project & Tenders
Charter Termination for Viking Poseidon
Norwegian vessel owner, Eidesvik Offshore, has received a charter termination notice from the administrators of Harkand Gulf Contracting Ltd for the vessel Viking Poseidon. Harkand Gulf Contracting Ltd is part of the group of companies that fell into administration on May 4, 2016 due to financial pr
McDermott Shrinks Loss as Revenue Grows
McDermott reported that its first-quarter 2016 loss narrowed some 85 per cent on better-than-expected revenue boost. The Houston-based company recognized quarterly loss of $2.2 million, or $0.01 per fully diluted share, compared to net loss of $14.5 million, or $0.06 per fully diluted share same tim
VIDEO: Installation of Cofferdam on the Savannah River
The U.S. Army Corps of Engineers, Savannah District, has just released this video about the installation of a cofferdam on the bank of the Savannah River. Workers are installing the cofferdam as part of what will become the foundation for a series of Speece cones. The cones, which are part of the di
More than 170 Jobs Lost as Harkand Goes Under
Over 170 employees will have to go as Harkand’s European business (based in Hammersmith and Aberdeen) is to be wound down by Deloitte’s Joint Administrators, appointed on May 4, 2016. According to Deloitte, 39 staff will be retained for a short period to assist with the wind-down of the European bus
McDermott Bags Three EPCI Projects in Arabian Gulf
McDermott International has been awarded three separate projects by an unnamed national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition to this, there has also been an award of an additional s
IIG and Cabot in Subsea Insulation Deal
Johns Manville Industrial Insulation Group (IIG) and Cabot Corporation have reached an agreement that should enable IIG to produce and market thin, high-performance insulation in the subsea market, using Cabot’s proprietary technology and aerogel products. According to IIG, this strategic agreement
Primeline enters second phase of exploration in East China Sea block
Primeline Energy has agreed with China National Offshore Oil Corp. (CNOOC) that it will enter the next and second phase of exploration commitment under the petroleum contract for Block 33/07, in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea, with w
Orion Marine Group Q1 2016 in Line with Expectations
Orion Marine Group, Inc. (ORN), today reported a net loss for the three months ended March 31, 2016, of $1.2 million. These results compare to a net loss of $0.3 million for the same period a year ago. According to Mark Stauffer, Orion Marine Group’s President and Chief Executive Officer, the first
Minesto Orders SRP’s Bottom Joint System for Deep Green
Minesto has ordered a modified version of Subsea Riser Products’ (SRP) Rocksteady bottom joint system, for its tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017. The bottom joint functions as a locking mechanism between Deep Green’s tether and the seabed founda
Neptune Takes MV Offshore Guardian on Charter
Neptune has signed a 12 month vessel charter for the 34 meter DP1 MV Offshore Guardian, with Guardian Offshore AU Pty Ltd. Built in 2015, the MV Offshore Guardian is a shallow draft survey, AUV, dive and ROV support vessel and will be based in Exmouth, Western Australia. Neptune expects to take deli
Kraken in CAD 400K Defence Deal
Kraken Sonar Systems has invoiced a major European defense contractor for over CAD 400,000. Proceeds are expected to be received during Q2 2016. The company was unable to disclose the customer at this time, reportedly, due to competitive reasons. Kraken recently provided an AquaPix Miniature Interfe
Westcon Clinches Statoil Subsea Maintenance Deal
Westcon has been awarded a maintenance contract for subsea tools and equipment at all Statoil base locations in Norway. The scope of the agreement is maintenance and overhaul of defined parts of the subsea equipment Statoil has at its bases, in addition to an option for extension of the scope both o
Nexans’ Cables for Arkona Offshore Wind Farm
Nexans Deutschland’s Hanover plant will supply 76 kilometers of energy cables to E.ON for the Arkona offshore wind farm, the company informed. The submarine cables are designed for operation at 33 kV and will serve as the internal cabling for the nearly 385 MW wind farm, which is due to be built bet
Subsea in April
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. Tragic incident struck Aker Solutions after helicopter crashed with three of its employees on board on route to Bergen from the Statoil-operated Gullfaks B platfo