Subsea
Nautilus Receives Bridge Loans from Deep Sea Mining Finance
Nautilus Minerals has arranged additional bridge loans from Deep Sea Mining Finance, which are expected to form part of a larger secured structured credit facility of up to $34 million. Nautilus has to date received bridge loans from Deep Sea Mining Finance totaling $9,650,000. The bridge loans shou
Tendeka Gets New Advanced Completions Director
Oil and gas solutions provider Tendeka has appointed Paul Lynch as its new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight. Lynch joins Tendeka having most recently been vice president of global technical sales with Del
Well-Centric Names New Business Development Manager
Well-Centric has appointed Michael Scott as its new business development manager. Prior to his appointment, Michael was technical sales manager for strategic projects at Babcock LGE. Gary Smart, Well-Centric CEO, said: “I’m delighted to welcome Michael to Well-Centric at an exciting time for the bus
Kreuz Subsea Strengthens Senior Management Team
Kreuz Subsea has strengthened its senior management team with two appointments at its Singapore headquarters. Pradeep Verma has joined the company as chief commercial officer while Marek Kaminski is welcomed as director of marine assets. Verma will be responsible for strengthening the company’s posi
InterMoor Delivers Erha FPSO Job
GMT Energy Resources commissioned InterMoor for some mooring integrity work on the Erha FPSO, on behalf of Esso Exploration and Production Nigeria Limited (EEPNL). The FPSO is located 97 kilometers off the Nigerian coast in the Erha field, in about 1168 meters of water. The production asset has a de
Reach Subsea Secures Work for Three Vessels in North Sea
Reach Subsea has entered into short term contracts for three vessels Havila Subsea, Edda Fonn and Olympic Delta in the North Sea. The contracts cover in total 100 firm vessel spread days and approximately 50 optional days. The contracts, for undisclosed oil companies and international contractors, w
TGS in New Survey Offshore Brazil
TGS has announced the ‘Brazil Southern Basins SeaSeep Project’ in the Campos and Santos Basins, offshore Brazil. The project will cover existing TGS surveys in these hydrocarbon rich basins as well as the pre-salt trend where many untested structures exist. Acquisition of the multibeam will start la
Marine-i to Boost Innovation with New Funding
Marine-i, the EU funded programme set up to boost the marine technology sector in Cornwall and the Isles of Scilly, is inviting applications for a £1 million innovation fund. The fund has been created to support research, development and innovation in marine robotics and autonomous vessels. Some of
OGTC – ITF Complete Merger
The ITF (Industry Technology Facilitator) and the Oil & Gas Technology Centre (OGTC) merger has now been completed. The merger to focus and enhance the technology and innovation support for the UK oil and gas industry, was announced in February this year. Teams from both organisations worked togethe
Kraken’s AUV Pre-Qualifies for Canada’s BCIP Program
Kraken Robotics’ wholly-owned subsidiary, Kraken Robotic Systems, has been formally notified by the Government of Canada that its application to the Build in Canada Innovation Program (BCIP) has been approved. The company has been pre-qualified into the program for its ThunderFish 300 autonomous und
NYK Backs Japanese Finalist in Shell Ocean Discovery XPRIZE Competition
Snipping company NYK has agreed to sponsor a Japanese collaborative research Team KUROSHIO, a finalist in the Shell Ocean Discovery XPRIZE competition. NYK will be providing the transportation for the team’s unmanned robots, which are being used in this international competition to quickly and accur
ADB Commits Funds to Micronesia Subsea Cable Project
The Asian Development Bank’s (ADB) board of directors has approved a total of $36.6 million in grants to help fund the delivery of low-cost, high quality internet service in Kosrae in the Federated States of Micronesia (FSM); Tarawa and Kiritimati Island in Kiribati; and Nauru. The assistance, compr
SINN Power Launches Wave Energy Project Off Cape Verde
SINN Power is set to begin its first commercial wave energy project on Cape Verde in Africa following the signing of an agreement with Fazenda de Camarão. SINN Power has partnered with Fazenda de Camarão to begin a commercial demonstration project for wave energy on São Vicente. Within this project,
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 26 – April 01). https://subseaworldnews.com/2018/03/26/technipfmc-to-deliver-subsea-systems-for-gumusut-kakap-project/ https://subseaworldnews.com/2018/03/27/mpsv-ievoli-ivory-marks-jfms-next-uk