Subsea
NASCA: BOEM Neglects Submarine Cables
North American Submarine Cable Association (NASCA), in order to safeguard national security and economic interests, has urged BOEM to adopt measures to protect existing and planned submarine cable systems. According to NASCA these submarine cable systems comprise the core of U.S. international commu
Damen Delivers Two Offshore Winches to Fugro
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design, engineering and manufacturing of the two winches from its base in Stellendam in the Netherlands. Maaskant also worked very closely with B
Shell to Scale Down Investment by $15 Bln
Royal Dutch Shell has announced it will reduce spending by more than $15 billion in the next three years due to decline in oil prices. Shell’s boss Ben van Beurden says: “Our strategy is delivering, but we’re not complacent. Weaker oil prices underline that there’s a lot more to do. The three themes
Modulift Launches Subsea Spreader Beams
Modulift has revealed their latest product range, called Subsea Modular Spreader Beams. In addition to their standard and heavy spreader beam ranges they have taken their unique modular elements to produce a versatile and efficient collection for deep water lifting. As with regular Spreader beams th
Well Intervention Speculated at $17.5 Bln by 2018
The global well intervention market is expected to be worth $17.5 billion by 2018, up from $9.97 billion in 2013, with a CAGR of 11.9%, according to Research and Markets forecast. Continuous depletion of oil reserves and increasing demand for oil all over the world, have created a huge market potent
Carnegie Gets Research and Development Tax Rebate
Wave energy developer Carnegie Wave Energy Limited announced the receipt of a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $3.9 million. The R&D Tax Incentive provides a tax rebate to support Australian companies to undertake Australian research and developmen
SAExploration Wins $45 Mln Seismic Deal
SAExploration has secured a contract for ocean-bottom marine seismic data acquisition services collectively valued at approximately $45 million. The Company expects to execute the projects during the second and third quarters of 2015. These projects will be performed using ocean-bottom nodal seismic
UH Oceanography Professor Wins Early Career Award
The Association for the Sciences of Limnology and Oceanography has awarded Matthew Church, a University of Hawaiʻi at Mānoa oceanography associate professor, with this year’s Yentsch-Schindler Early Career Award. The Yentsch-Schindler Early Career Award honors an early-career scientist for outstandi
Underwater Sound in Relation to Dredging Workshop Announced
The World Organisation of Dredging Associations (WODA) and Central Dredging Association (CEDA) announce that the WODA workshop on underwater sound in relation to dredging, will be held on Thursday 26 March 2015, in Paris, France. In June 2013 WODA published a Technical Guidance on Underwater Sound i
RDC, Fugro Team Up on New Vessel
The Research & Development Corporation (RDC) has invested $4.9 million in a multi-purpose survey, support and research and development vessel to be stationed in St. John’s. The total cost to design, build and operate such a vessel over a 10-year period is estimated at more than $100 million which wi
Trelleborg Knowledge Center Launched
Trelleborg Sealing Solutions has launched a new information hub to showcase best practice in sealing technology in a bid to provide “solutions for tomorrow’s engineering”. The Knowledge Center aims to bridge the gap between design engineers’ needs and standard technology documentation, bringing usef
Ashtead Tech Reaps Profits
Aberdeen based Ashtead Technology has announced a 23% rise in turnover and almost 40% increase in profits for the year ended April 2014. The subsea technology company, which specialises in the sale and rental of subsea equipment and associated services, has seen turnover increase from £22.2 million
Eni Hires Yinson FPSO for OCTP Project
Eni Ghana has awarded Yinson’s West African subsidiaries a contract for chartering, operation and maintenance of an FPSO vessel for the Offshore Cape Three Points Block (OCTP) project. The contract was signed on 27th January 2015 with immediate effect. The OCTP is located in the Tano Basin approxima
Hydro Group Scoops £2 Mln in Defence Contracts
Hydro Group has secured £2 million worth of new defence contracts for 2015. This announcement comes as a result of a £300,000 investment in its armoured cabling line earlier this year. Graham Wilkie, Sales Director at Hydro Group, said: “We are currently one of few companies in the UK to offer this