Papua New Guinea’s government is being criticised for approving the world’s first deep-sea mine. Nautilus Minerals, of Canada, was awarded a licence in January to extract gold and copper from the floor of the Bismarck Sea, about 50 kilometres north of Rabaul. The project’s environmental impact state
Cal Dive International, Inc. reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. The 2010 net loss includes $302.5 million ($3.32 per diluted share) in non-cash impairment charges
The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding fact
During 30 years as a commercial diver Bob Durrant was often intrigued by the impact discarded car tyres had on the seabed. So instead of retiring, he launched a company to investigate whether linked tyres could prevent sand scouring which causes problems for turbines, cables and other subsea structu
FMC Technologies, Inc. announced that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the
Blue Offshore and Integrated Subsea Services have completed their feasibility study on the possible use of multipurpose DP2 vessel Normand Tonjer for array cable installation on offshore wind farms. The scope of the study included development of deck layouts for cable installation and cable burial t
This frame agreement will allow Technocean AS, a subsidiary of Reef Subsea AS, to act as a partner to Technip Norway and other Technip Group companies for subsea services in the NCS (both Norway and UK) and Canada according to pre-agreed terms. Technocean will perform its commitments calling on its
Foster Wheeler AG announced that Scott Lamb, the company’s vice president of investor relations and corporate communications, will represent the company in investor meetings at the UBS Engineering & Construction One-on-One Conference in Boston, Massachusetts on March 16, 2011. The slides to be used
Infinera has been selected by MedNautilus to upgrade its subsea network for the speed of deployment and scalability of the Infinera submarine solution. MedNautilus, the Mediterranean operations of the Telecom Italia Sparkle Group and the first and only protected submarine ring-configured backbone in
Aker Solutions confirms the transaction details given in the announcement on 22 October 2010. In the transaction, AMC is valued at USD 250 million. Ezra has settled the transaction by paying Aker Solutions USD 50 million in cash, USD 100 million in shares in Ezra Holdings Ltd, and USD 50 million in
The EPIC project with Statoil, an internationally renowned energy company, is worth approximately US$41 million and will involve EMAS AMC supplying and installing 55km of power cables along with associated terminations and ancillaries for the Gudrun field in the North Sea. State-of-the-art multipurp
YSI, along with two of its divisions—SonTek/YSI and YSI Integrated Systems—will be demonstrating three systems which can deliver cost-saving solutions for oceanographic data collection at the Ocean Business Exhibition. On Tuesday, April 5, YSI will demonstrate a new, simple, fast and accurate CTD, t
Trico Marine Services, Inc.announced that it intends to conduct an auction to sell certain additional Towing and Supply vessels, in continuation of the Company’s exit from the Towing and Supply business. The United States Bankruptcy Court for the District of Delaware recently issued an Order approvi
TSmarine and SMIT Subsea Australia, a wholly owned subsidiary of Boskalis, have entered into a long term frame agreement where SMIT will provide diving services to TSmarine. Under the agreement SMIT will install its new state-of-the-art S4 12-man saturation dive system on TSmarine’s multipurpose off
