Subsea
Fastnet Gets New CFO
Fastnet Oil and Gas plc, the E&P company focused on exploration acreage in Africa and the Celtic Sea, has announced that Will Holland has been appointed to the Board of Directors as Chief Financial Officer, with immediate effect. Will has over 20 years of experience in the oil and gas business, prim
Nereus Remotely Operated Vehicle Lost on Dive Off New Zealand
On Saturday, May 10, 2014, at 2 p.m. local time (10 p.m. Friday EDT), the hybrid remotely operated vehicle Nereus was confirmed lost at 9,990 meters (6.2 miles) depth in the Kermadec Trench northeast of New Zealand. The unmanned vehicle was working as part of a mission to explore the ocean’s hadal r
Top News of the Week of May 05 – May 11, 2014
1. Canyon to Equip McDermott’s Subsea Vessel Fleet with ROV Systems Helix Energy Solutions Group, Inc. announces that its Robotics subsidiary, Canyon Offshore, Inc., has reached an agreement with a subsidiary of McDermott International, Inc. to provide remotely operated vehicle (ROV) services and eq
MBARI Studies Effects of Sunken Container on Deep-Sea Ecosystem
Thousands of shipping containers are lost from cargo vessels each year. Many of these containers eventually sink to the deep seafloor. In 2004, scientists at the Monterey Bay Aquarium Research Institute (MBARI) discovered a lost shipping container almost 1,300 meters (4,200 feet) below the surface o
National Parks Minister Announces Installation of Artificial Reef Off Scarborough
Recreational fishers will have a new place to drop their lines, with the creation of a 20 hectare artificial reef off Scarborough in the Moreton Bay Marine Park. National Parks Minister Steve Dickson said it was part of the Government’s $50 million Marine Infrastructure Fund and would boost tourism
Deep Down Brasil Secures Orders for Installation Equipment
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services informed that its wholly-owned subsidiary, Deep Down Brasil – Solucoes em Petroleo e Gas, Ltda (“Deep Down Brasil”), has received an order for 3 uni
Jee to Run Course on Spans and On-Bottom Stability
Jee Ltd is introducing Free spans and on-bottom stability to their programme of superior subsea engineering training, the next course will run from 29-30 July in Aberdeen. The practitioner level course gives an expert level of understanding of spans and stability, extending key knowledge on assessme
Nautilus Minerals: State of PNG’s Nominee Places $113 Mln Into Escrow
Nautilus Minerals Inc. announced that the Independent State of Papua New Guinea’s nominee for participation in the Company’s Solwara 1 Project has placed $113 million into escrow, representing the balance of the funding for the State nominee’s 15% share of the capital required to complete the develo
Dril-Quip Reports Net Income of $42.6 Mln for Q1 2014
Dril-Quip, Inc. announced net income of $42.6 million, or $1.04 per diluted share for the three months ended March 31, 2014, versus net income of $39.8 million, or $0.98 per diluted share for the first quarter of 2013. Total revenues were $204.1 million during the quarter ended March 31, 2014 compar
ISA Inks Exploration Contract with COMRA
The International Seabed Authority and China Ocean Mineral Resources Research and Development Association (COMRA) signed a 15-year contract for exploration for cobalt-rich ferromanganese crusts in Beijing on 29 April 2014. The contract was signed by the Secretary-General of the Authority, Nii Allo
Kongsberg’s Newly Launched Vessel Supports Its Training Courses
Kongsberg Maritime Ltd has introduced a series of new on-water training courses for offshore surveyors and survey engineers following the launch of its own chartered vessel, True North. The vessel will enable Kongsberg Maritime Ltd to introduce a practical element to the courses already offered at i
China Mobile to Get Approval for Submarine Cable Installation
The Hong Kong Government proposes to allow China Mobile International Limited to install an optical fibre submarine cable of about 35 kilometres in length and 100 millimetres in diameter within an area of approximately 1.75 hectares of foreshore and seabed from Tseung Kwan O to the eastern boundary
50Hertz Offshore Seeks Contractor for Ordnance Disposal Work in Baltic Sea
50Hertz Offshore GmbH, German grid operator in charge of connecting wind farms in the Baltic Sea, is seeking a contractor to carry out ordnance disposal work along submarine cable routes for the grid connection of two offshore wind farms. The connection point of the wind farms is in Lubmin, where wi
Xcite Energy Appoints New Board Members
Xcite Energy has appointed Timothy Stephen Jones as non-executive Chairman and Henry (“Harry”) George Wilson as a non-executive director of the Company, effective from 7 May 2013. Roger Ramshaw has retired as Chairman for personal reasons and has resigned from the Board with immediate effect. Jones