Subsea
AKVA Group Sees Profits Double
Norwegian equipment provider for aquaculture industry, AKVA group, has boosted its profit in the second quarter of 2017 as all of its business segments upped their quarterly performance and saw the revenues grow. Namely, the company booked profit before tax of NOK 39.5 million and net profit of NOK
KBR Lands PMC Deal with ADNOC
KBR has been awarded a project management consultancy (PMC) contract by Occidental of Abu Dhabi Ltd. on behalf of Abu Dhabi National Oil Company (ADNOC) for management of the front end engineering and design services (FEED) phase of the Dalma gas field development and the detailed design and surveys
Equinix Expands Its Presence Across Asia Pacific
Equinix, the interconnection and data center company, has expanded in Hong Kong with the opening of its fifth International Business Exchange (IBX) data center, known as HK5. Built in close proximity to financial data center hubs and subsea landing stations, the new US$32-million facility is tailor-
WATCH: Balmoral Subsea Test Vessel Moves through Aberdeen
Balmoral Subsea Test Centre on Wellington Road has recently received a pressure test vessel which had to be moved from Aberdeen Harbour through city streets. The vessel itself weighs 285tonne but when the weight of the transportation vehicles is added the total amounted to well over 420tonne – a cit
Boskalis Buys Gardline
Royal Boskalis Westminster has acquired all shares of the Gardline Group (Gardline). The UK based company’s main activities include marine geophysical surveys, offshore geotechnical services and environmental surveys. With the acquisition Boskalis fulfils its strategic ambition to build a position i
SBSS Secures Two New Contracts
S.B. Submarine Systems (SBSS), a subsea cable installation joint venture between China Comservice and Global Marine Systems, said it has signed two contracts last week: the Hainan OBS Phase 3 project, and the Wando-Jinsan project with Haechun. OBS is a subsea observation cable system in Chinese wate
Siemens Taps DOF Subsea for Galloper Work
DOF Subsea has been awarded a contract for Skandi Constructor for Siemens on the Galloper offshore wind farm project in the North Sea. The contract ensures that the vessel is utilized until the end of the year, the Oslo-listed company noted. Siemens is to supply, install and commission 56 wind turbi
J2 Subsea and Moog Ink Distribution Deal
J2 Subsea, ROV and survey tools rental and sale specialist in subsea services group Acteon, has secured a new distribution agreement with Moog, a designer and manufacturer of control systems and components. J2 Subsea’s global clients are now able to obtain a wider range of Moog products, including e
Subsea UK Events Explore International Opportunities
Industry body Subsea UK is hosting two briefing sessions with the Department for International Trade (DIT). The first briefing on August 28 will focus on the post-energy reform oil and gas sector opportunities in Mexico. Mariana Garay, energy senior officer for the DIT team in Mexico along with Chri
Deep Down Returns to Profit
Deep Down, an oilfield services company, has reported quarterly net income of $0.5 million, or $0.03 per diluted share, compared to a net loss of $0.5 million, or ($0.03) loss per diluted share for the second quarter of 2016. Revenues for the quarter ended June 30, 2017 were $5.4 million compared to
Minesto Finds New GBS Foundation Supplier
Minesto has awarded Jones Bros Ruthin (Civil Engineering) the contract to construct the foundation for Minesto’s first commercial-scale tidal energy power plant. Minesto has completed the procurement of a new gravity-based structure (GBS) foundation construction supplier, following the announcement
U.S. Navy Demonstrates Autonomous Naval Technology
The Naval Surface Warfare Center (Panama City Division) and the team of Northrop Grumman, Battelle, Huntington Ingalls Industries (HII), and Riptide will demonstrate multi-platform autonomy, advanced communications and real-time mission awareness for battlespace preparation in a contested battle spa
CMA Examines Wood-Amec Merger Competition Remedy
The Competition and Markets Authority CMA has accepted in principle the remedy formally offered by Wood Group on August 09, 2017. The remedy consists of the majority of Amec Foster Wheeler’s UK upstream oil and gas business located in the UK and serving UK customers (excluding its commissioning busi
Woodside in Persephone Start-Up
Woodside and BP have started production from the Persephone project off the coast of Western Australia as part of the North West Shelf Project joint venture. The development comprises two subsea wells tied back to the existing North Rankin complex by a 7-kilometres flowline. Located about 140 kilome