Project & Tenders
KIASMA Takes Part in Magdalena River Project
KIASMA and Odebrecht, through their Colombian subsidiary – Consortium Navelena Construction, have signed a cooperation agreement under which KIASMA will supply the HDPE floating pipelines with KFC system (for abrasion reduction) to be used for dredging operations on the Magdalena River in Colombia.
Salix Creating the New Wildlife Reserve
Salix River & Wetland Services Limited has started dredging/desilting activities at the Woodberry Wetlands in East London. The work is part of the London Wildlife Trust’s £1.5 million project to bring new nature reserve to London, opening this summer. As part of the development, the company will be
RentOcean to Invest in Rental Equipment
Oceanteam Shipping informed that its subsidiary RentOcean has successfully signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. According to the company’s filing to Oslo Stock Exchange, the facility matures in 3 years after the facility start date. Proceeds of drawdowns un
Aker Solutions Takes Profit Hit
Aker Solutions’ net income for the quarter fell to NOK 220 million ($28.7 million) from NOK 283 million ($37 million) in the same period last year. Earnings per share (EPS) fell to NOK 0.79 in the quarter from NOK 1.03 a year earlier. Earnings were impacted by costs of overcapacity in the maintenanc
Atlantis Resources Buys Marine Current Turbines
Atlantis Resources has reached an agreement to acquire the entire issued share capital of the Bristol-based tidal business, Marine Current Turbines Limited, (“MCT”) from Siemens AG in an all share deal. The acquisition is conditional upon certain conditions precedent being satisfied. Siemens will re
Few More Facts on Tuas Terminal Project
Last week marked the signing of a $1.8 billion Tuas Terminal Phase 1 agreement between the Maritime Port Authority of Singapore (MPA) and the Dredging International Asia Pacific – Daelim Joint Venture (DDJV). The contract was signed on April 23rd 2015, during the inaugural Singapore Maritime Technol
Kleven Gets Green Light for De Beers’ Newbuild
De Beers Marine Namibia, part of diamond company De Beers Group, has lifted all subjects, thus confirming its contract with Norwegian ship builder Kleven on the building of a highly specialised vessel for deep water mineral exploration. The contract was initially announced in October 2014, but sub
Alcatel-Lucent Bags Orval Subsea Cable Deal
Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications, have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. With completion expected in 2016, the 100
Global Marine Lands Tampnet Double
UK-based Global Marine Systems Limited has landed a pair of contracts from Tampnet, who operates the “largest offshore high-capacity communication network in the world” in the North Sea and the Gulf of Mexico. The first project is for a platform to platform cable system that includes four branching
GBV Wins Flood Management Project
A flagship flood risk management scheme has been awarded to GBV, a joint venture comprising Galliford Try and Black & Veatch. By creating three kilometers of flood defenses GBV’s work will rejuvenate areas of Derby city center currently underutilized because of insufficient flood protection. “The sc
Tebodin, Gate sign framework agreement
Tebodin informed it has signed a framework agreement with Gate terminal for projects in the future.
Tebodin, Gate sign framework agreement
Tebodin informed it has signed a framework agreement with Gate terminal for projects in the future.
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
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 20 – April 26). The Houston-based oilfield services major, Schlumberger, is slashing another 11,000 jobs as it fells the impact of downturn in oil prices and lower E&P spending. In January this