Subsea
Liquid Robotics Expands Strategic Advisory Board
Liquid Robotics announced the addition of three former diplomatic and U.S. Defense leaders to the Company’s Strategy Advisory Board (SAB). The new members include: – John J. Young, former Under Secretary of Defense (Acquisition, Technology, and Logistics), and Assistant Secretary of the Navy (Resear
GE to Invest in Indonesia’s Economic Growth
GE will invest up to $1 billion in the power, oil and gas, and healthcare sectors to support Indonesia’s accelerated economic growth. The announcement was made on the sidelines of a meeting between the President of the Republic of Indonesia, Joko Widodo, and the President of United States of America
Flexlife Names New Business Development Manager
UK-based flexible pipe and umbilical specialist, Flexlife, has appointed Richard Gibson as its new BD Manager. He will work part time and will be based in the Aberdeen office. Gibon will be responsible for overseeing engineering, delivery and integrity services in the UK/Europe Region. According to
STR, IKM Technique Form Partnership
Subsea Technology and Rentals (STR) formed a new partnership with Norwegian subsea tooling company IKM Technique. According to STR, the agreement will enable the company to further provide complete technology solutions by offering ROV tooling, service and support from its UK base and regional agents
Unique Group Buys Oceanwide Safety at Sea
Unique Group has acquired Oceanwide Safety at Sea in a deal that joins two companies in the diving industry. Oceanwide provides design, construction and maintenance of self-propelled hyperbaric lifeboats. Founded in 2002, the company will be wholly owned by Unique Group but will continue to be manag
Prysmian Lands USD 140 Mln Interconnection Deal in China
Prysmian has been awarded a contract by Hainan Second Cross-Sea Interconnection Tie Project Management worth more than $140 million for the design, supply, installation, and commissioning of a submarine power cable link for the second interconnection between Hainan island and China mainland. “We are
Divers Set to Recover FV Jubilee Crew
The Canterbury Police SAR recovery phase for the fishing vessel Jubilee continues with members of the NZ Police Dive Squad joining the Royal New Zealand Navy’s Operational Diving Team (ODT) on board the HMNZS MANAWANUI today. The three crew have been missing since the FV Jubilee was lost on Sunday m
DeepOcean Bags Race Bank Cable Work
A contract for the provision of cable installation and trenching work for DONG Energy’s Race Bank offshore wind farm has been awarded to DeepOcean 1 UK Ltd, a subsidiary of DeepOcean Group. Offshore work will be undertaken in 2016/2017 with DeepOcean’s in-house fleet of dedicated cable installation
Small Gas Discovery for Lundin Off Malaysia
Lundin Petroleum’s wholly owned subsidiary Lundin Malaysia has made a small gas discovery with the Mengkuang-1 exploration well in license PM307, offshore Malaysia. The well targeted hydrocarbons in Miocene aged sands 75 km to the northwest of the Bertam field operated by Lundin Malaysia. Mengkuang-
Scientists Embark on Atlantis Massif Core Sampling Campaign
An international team of scientists are setting sail today on board the Royal Research Ship James Cook to explore the Atlantis Massif, a 4000 metre high underwater mountain in the Atlantic Ocean. This is the first time the 89.2 meters long UK research ship will be used to drill through the Earth’s m
Gardline Teams Up with OPT on Offshore Monitoring Solutions
Ocean Power Technologies OPT has entered a memorandum of understanding (MOU) with Gardline Environmental to jointly develop metocean monitoring and maritime security systems for ocean observing and defense and security markets. The MOU outlines a multi-phase effort which is the basis for ongoing col
Marine Harvest Norway Hires KB Dykk for Diving Gig
Norway’s KB Dykk, a subsidiary of NTS ASA, has secured a deal with Marine Harvest Norway for the lease of service vessels and provision of diving services in the North Region. With this agreement, which starts on March 1, 2016 and runs until January 1, 2020, KB Dykk has secured a long-term employmen
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 19 – October 25). Boskalis Subsea Services has opened an office in Aberdeen dedicated to focus on growing business in the UK sector in the offshore and renewable industry. The office is also b
TGS Profit Declines
Seismic contractor TGS has posted third-quarter 2015 net income of $40 million, compared to $54.6 million in the same period in 2014. Earnings per share were $0.39, down from $0.53 in Q3 2014. The Oslo-listed company reported revenues of $169 million in Q3 2015 (89% accounted to multi-client), versu