Forum Energy Technologies, Inc. announced that, based on currently available information, the company now expects full year 2012 earnings per diluted share of $1.72 to $1.74. This is below the company’s previous guidance range of $1.83 to $1.88. The company indicated the reduction in the expected ra
N-Seatec has been awarded an order for design & delivery of a ROV operated Subsea Installation Tool. System will be powered by workclass ROV via hydraulic hotstab connections and utilized with 2 different hydraulic motors. Complete control will be done via a special designed control board which will
Chevron Corporation announced that its China subsidiary has entered into production sharing contracts (PSC) with China National Offshore Oil Corporation (CNOOC) for two exploration blocks in the South China Sea’s Pearl River Mouth Basin. Under the PSC agreements, Chevron China Energy Company will ho
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, announced it has successfully demonstrated 100Gb/s per wavelength coherent transmission over trans-Atlantic distances in field experiments. Capacity on a single fiber was determined to reach 4.4
IKM Subsea have been awarded a 3+2 year frame agreement by Nexans Norway for ROV services. The contract has an expected value in excess of 100 million NOK. Initially the frame agreement will include ROV services onboard Nexans Cable lay ship, Skagerrak Nexans. Further ROV work on other vessels chart
Wood Group PSN (WGPSN) has secured a US$50 million contract with Nexen Petroleum UK Limited to carry out the hook-up and commissioning of the Golden Eagle Area Development (GEAD) project in the UK North Sea. The Golden Eagle field will be developed using two platforms – a wellhead platform and a pro
Abu Dhabi National Energy Company PJSC (TAQA) has concluded the planned reduction of non-core personnel from the Cormorant Alpha platform in the northern UK North Sea following the detection of hydrocarbons in one leg of the platform. There were 159 people on board when the incident was discovered o
On the sidelines of the International Water Summit 2013, being held at Abu Dhabi Exhibitions Centre, from 15-17 January, Abu Dhabi Ports Company (ADPC) has released the findings of a new study that demonstrates the sustainable development of the eight kilometer, Khalifa Port breakwater, is rapidly e
IHC Merwede is building three 550t pipelaying vessels simultaneously at its Krimpen aan den IJssel yard in The Netherlands. The keel-laying ceremony for the first of two identical 550t pipelaying vessels for TL Offshore, a subsidiary of SapuraKencana, took place on Tuesday 15 January. This event was
A submarine cable between the two sides of the Taiwan Straits is set to open on Friday, China Daily quoted a Chinese mainland spokesman. According to Yang Yi, the spokesman of the State Council Taiwan Affairs Office, the construction of the cable linking the city of Fuzhou of Fujian province on the
Specialist oil firm Opus has secured a £70,000 study contract in Australia to help a major oil company maximise its operations while meeting environmental targets. Opus, with headquarters in Guildford in Surrey and test/development facilities in Flotta in Orkney, has been given the go ahead to carry
Welaptega Marine has been awarded a mooring inspection and “fitness for purpose evaluation” on Dhirubhai-1 floating production storage and offloading (FPSO) facility located in the Bay of Bengal, off the eastern coast of India. The client is Aker Floating Production. “This is a comprehensive fitness
Atlantic Wind Connection announced that New Jersey has been selected as the first phase for its multi-year offshore wind transmission project. This phase of the project is called the New Jersey (NJ) Energy Link. The selection was based on New Jersey’s commitment to developing an offshore wind indust
Bibby Remote Intervention Limited (BRIL), a division of Bibby Offshore, is expanding its fleet by signing a contract to charter the multi-purpose offshore vessel the Toisa Warrior in its biggest vessel charter to date. The vessel will come under the control of BRIL in February 2013 on a 180-day char
