SOFEC, a MODEC Group company, has completed the Engineering, Supply and Delivery of Mooring System contract for PETRONAS Floating LNG 1 (PFLNG1). This project included the engineering, supply and delivery of the replacement mooring legs and anchors for the external turret system. The PFLNG Satu has
Italian oilfield services player Saipem has reported first-quarter 2019 profit of €21 million ($23.6 million), on revenues of €2.15 billion ($2.4 billion). This result compares to net loss of €2 million on revenues of €1.9 billion ($2.13 billion) for prior-year comparable period. Adjusted result was
Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries Keppel Shipyard and Keppel FELS, secured integration and upgrading contracts worth a combined value of about S$160 million. The first contract is between Keppel Shipyard and an unnamed operator of oil and gas production vessels for
Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the inter-array cables and will be led from Seaway 7’s
Halliburton has executed an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive
Subsea 7’s newly added multi-purpose offshore construction and dive support vessel, Seven Pegasus, has completed its dry dock in Rijeka, Croatia. The vessel has now started its journey to the UK where it will begin operations in Q2, Subsea 7 informed through social media. Subsea 7 added Seven Pegasu
Kraken Robotics has been awarded a financial contribution of $1 million from the Government of Newfoundland and Labrador under the Innovation and Business Development Funding (IBDF) program and will be used for the initial phase of the OceanVision project that Kraken plans to pursue as part of the O
The Carbon Trust has unveiled five winners of its dynamic export cable competition as a part of the Floating Wind Joint Industry Project (Floating Wind JIP), which aims to accelerate and support the development of commercial-scale floating wind farms. The competition winners are Aker Solutions, Furu
Vallourec Soluçoes Tubulares do Brasil has been awarded a contract by TechnipFMC in Brazil to supply around 12,000 tons of seamless steel rigid line pipe. The pipe will be used in the fabrication of the riser and flowline system for interconnecting 13 wells (6 production wells and 7 water alternate
RMS Titanic, an affiliate of Experiential Media Group, together with the Advanced Imaging and Visualization Lab (AIVL) at the Woods Hole Oceanographic Institution (WHOI) and Marine Imaging Technologies (Marine Imaging) will join forces to preserve the RMS Titanic wreck site, discovered in 1985, for
RS Aqua has partnered with SeaDrone to bring, as they call it, the world’s most cost effective high-performance micro ROV to the UK and Ireland. SeaDrone has designed, developed and manufactured the SeaDrone Inspector range since 2015. 2018 saw the launch of the SeaDrone inspector 3. SeaDrone’s Insp
Infinera has secured a deal with Orange to power Kanawa subsea cable with its fourth-generation Infinite Capacity Engine (ICE4)-based XTS 3600 platform and Infinera Instant Bandwidth. Kanawa, owned and operated by Orange in the Caribbean, delivers high-speed connectivity between French Guiana, Marti
Deep Down has appointed David J. Douglas, principal of Jamaka Capital Management, and Neal I. Goldman of Goldman Capital Management to its board of directors. The appointments fill two recent vacancies on the board, expanding from two to three the number of independent directors on Deep Down’s four
Odyssey Marine Exploration has entered into a share purchase agreement with Seabed Capital to acquire Seabed’s controlling interest in the company that holds a potentially significant subsea mineral deposit in the South Pacific in a non-cash transaction. This transaction aligns with Odyssey’s busine
