Subsea
Buckthorn Partners, APICORP Take Over Ashtead
Buckthorn Partners and the Arab Petroleum Investments Corporation (APICORP) have acquired Ashtead Technology. The undisclosed funding package from Buckthorn and APICORP will allow Ashtead to further expand its service offering through both organic and acquisition led growth. The investment will also
Polarcus in Indonesia Shoot
Seismic player Polarcus has received a letter of intent (LOI) from an undisclosed client for a 3D marine seismic deal in Indonesia. The survey will be acquired by utilizing Polarcus’ XArray technique, the company said in Oslo Stock Exchange filing on Tuesday. Cameron Astill, senior vice president As
Minesto, Schottel Hydro Push Deep Green Forward
Minesto and German tidal turbine manufacturer Schottel Hydro have completed the turbine design of Minesto’s tidal power plant Deep Green. The Swedish marine energy company has placed an order for a prototype of the turbine, with delivery planned for early 2017. During 2016 and 2017, Schottel Hydro w
AccessESP Appoints Europe and Africa Region Manager
AccessESP, a provider of rigless electric submersible pump (ESP) solutions, has named John Algeroy as the Europe and Africa region manager. Based in Houston, he will be responsible for all marketing, sales and operations for clients throughout the region. Algeroy most recently worked as the product
Italian Navy Minesweeper Inspects Destroyer Wreck
Italian Navy’s minesweeper Gaeta has conducted an underwater research on the wreck of the Oriani-class Destroyer Vincenzo Gioberti. The ship sank in August 1943, during the WWII, west of Punta Mesco (La Spezia). It was sunk by a British submarine, the HMS Simoom, which blasted the ship with two torp
Subsea in March
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. In March, more layoffs were announced in Norway when Aker Solutions informed its employees in subsea division it will cut as many as 600 permanent positions at fa
Damen Equips Nautilus’ Mining Vehicles
Damen Dredging Equipment has delivered dredge pumps and valves, fitted on the remote operated deep sea mining vehicles, which will be deployed on Nautilus Minerals’ Solwara 1 project offshore Papua New Guinea. The UK-based company, Soil Machine Dynamics (SMD), designed and built three Seafloor Produ
Skandi Açu Pipelay Vessel Christened
Huisman, together with VARD, DOF Subsea and Technip celebrated the christening of a pipe lay support vessel (PLSV), Skandi Açu, the Dutch specialist in lifting, drilling, and subsea solutions informed through its social media on Monday. The PLSV, equipped with Huisman’s 650mt flex-lay system and the
GE Begins Prelude HPHT Risers Job
GE Oil & Gas has started production of four high pressure, high temperature (HPHT) dynamic flexible risers destined for Shell’s Prelude FLNG facility, located 250km off the coast of Western Australia. GE has partnered with Shell on the project since 2011, following an initial order for turbomachiner
Mooreast Secures Its First Project in Papua New Guinea
Mooreast has been awarded a major project to upgrade and replace the entire multi-buoy mooring systems in the seas of Papua New Guinea. Mooreast will supply the complete mooring system, comprising six mooring lines, 15 ton Mooreast MA5S anchors with additional 5 ton ballast, grade R3 chains, connect
PGS to Nominate Qvam as Chairman
Petroleum Geo-Services (PGS) informed that Walter Qvam, currently board member of PGS, will be proposed as new chairperson at the upcoming annual general meeting scheduled for May 11, 2016. Qvam has been a PGS Board Member since 2013 and is currently president and CEO of Kongsberg, a position he wil
DEME Takes Small Stake in Tidal Power Scotland
Atlantis has agreed to sell a minority stake in its Scottish tidal development company, Tidal Power Scotland Limited (TPSL) to DEME for cash consideration, subject to satisfaction of certain conditions precedent which are scheduled to be achieved during the coming weeks. Reportedly, DEME has agreed
RAN Inspects Sunken Japanese Midget Submarine
The Royal Australian Navy (RAN) has revisited the final resting place of a Japanese midget submarine M24 as part of a program to preserve the Second World War wreck. Involved in the attack on Sydney Harbour which resulted in the sinking of accommdation ferry, HMAS Kuttabul, the location of the subma
DNV GL Introduces Offshore Leak Detection Systems Guidance
DNV GL has launched globally applicable guidance for leak detection systems for offshore fields. The Recommended Practice (DNVGL-RP-F302) is based on the findings of a DNV GL led joint industry project (JIP) completed in 2015 with 19 companies, including Eni, Lundin, Petrobras and FMC technologies,