Subsea
Aker Solutions Snaps Up Brazilian Services Player
Aker Solutions agreed to buy 70 percent of Brazilian C.S.E. Mecânica e Instrumentação, with intention of strengthening its foothold in Brazil’s oil and gas fields services market. The agreement includes an option to purchase the remaining 30 percent of the company three years after the expected clos
Oceanteam Looks for Restructuring Options
Norwegian-Dutch offshore service provider Oceanteam said it is in the process of developing a restructuring plan in order to support the value preservation and financial flexibility while also enabling value creation for its stakeholders. Oceanteam has started talks with its stakeholders to shape it
DNV GL and EPCRC in JIP on CO2 Pipelines
The Norwegian CLIMIT Programme and Australian Department of Industry, Innovation and Science have awarded DNV GL and Energy Pipelines CRC (EPCRC) just over NOK 40 million for a test programme for CO2 pipelines involving large scale testing at DNV GL’s Spadeadam test site in the UK. Pipelines are the
N-Sea and BODAC Team Up for UXO Services
Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, identification and removal projects across Belgium, the Netherlands, Germany and Scandinavia. In doing so, the two companies believe they will have the capability to offer developers, contractors a
Helix Ups Q3 Profit by 16 Pct
Offshore services player Helix Energy Solutions has posted improved results in the third quarter of 2016, backed by its well intervention division. Despite revenue drop of close to 12 percent year-over-year, the Houston-based well intervention and robotics specialist generated net income of $11.5 mi
MacArtney Delivers ROV Multiplexer to Unique System
Newly established MacArtney Canada office has delivered EMO multiplexer systems designed to offer up to 2000 watts of DC power distribution. Unique System LLC (USA), a Unique Maritime Group company, which specialises in the supply of equipment for sale and rental to the diving and offshore industrie
FMC Technologies Marks Its Best Result in 2016 (So Far)
The largest provider of subsea equipment to the industry, FMC Technologies, has recorded its best result so far in 2016, despite a 60 percent drop in profit year-over-year. In the third quarter of 2016, the Houston-based subsea specialist generated more net income than in the first six months of the
Subsea 7 Bags Atoll Field Contract Off Egypt
Subsea 7 has secured a substantial contract, in the Atoll field offshore Egypt, by Pharaonic Petroleum Company. The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tyi
ACE Winches Presents New Linear Winch at OEEC 2016
ACE Winches will reveal its new 500te Linear Winch at this year’s Offshore Energy Exhibition & Conference in Amsterdam. The new 500te Linear Winch has been designed, engineered and manufactured at ACE Winches facilities in Aberdeenshire, UK. The new product is now in its final stages of FAT testing,
Sofec’s External Turret for FSO Benchamas 2
Sofec has been awarded a contract by MISC Offshore Floating Terminals (MOFT) to supply of an external turret for the Benchamas 2 floating, storage and offloading vessel (FSO) to be installed in the Gulf of Thailand. Sofec will be responsible for the engineering, procurement and construction of the e
Seafloor Systems Inks Distribution Deal with Teledyne
Seafloor Systems has signed international distributorship agreement with Teledyne RESON and Teledyne BlueVew, business units of Teledyne Instruments. Seafloor Systems provides and supports customized integrated turnkey sonar solutions. The company recently supplied multiple SeaBat T-series sonars to
ECA, Vestdavit Cooperate on New Launch and Recovery Systems
ECA and Vestdavit have signed a cooperation agreement to develop new launch and recovery systems for unmanned maritime systems (UMS). As part of the agreement ECA will bring its knowledge in operating unmanned underwater and surface vehicles, in particular the launch and recovery of autonomous under
High Tech Diving and Safety Becomes Cortland’s Dealer
Customized cable and rope specialist Cortland has appointed High Tech Diving and Safety Inc. to distribute its surface dive umbilicals, dive hoses and cables in the US market. Cortland has more than 25 years of manufacturing experience supplying products to the diving sector, and the company believe
TE SubCom Begins MAREA Subsea Cable Manufacture
TE SubCom, a TE Connectivity company, has been named the system supply partner for the new MAREA submarine cable across the Atlantic Ocean. TE SubCom has completed the route survey and began manufacture of the system at its facility in Newington, New Hampshire. The parties are on track to begin layi