Subsea
Atlantis Resources Eyes £5M with New Bond Launch
Edinburgh-based tidal energy developer Atlantis Resources has launched a proposed five-year bond with maturity in 2023 through Abundance Investment Limited. The bond has a coupon of 8%, payable semi-annually. The bond offer seeks to raise a minimum of £2 million and a maximum of £5 million, and is e
OceanGate Names New Board Member
OceanGate, a provider of manned submersible services has elected Dianna Raedle, CEO and founder of Deer Isle Group to serve on its board of directors “We are pleased to welcome Dianna to our board,” notes Stockton Rush, OceanGate chairman and CEO. “Dianna brings a wealth of experience and knowledge
Ocean Infinity Orders HUGIN AUV for Under-Ice Surveys
Ocean Infinity has added a 6,000-meter rated Kongsberg HUGIN AUV system to its existing fleet of eight. For this latest HUGIN, which has been specifically configured to conduct under-ice surveys, Ocean Infinity chose Kongsberg’s Highly Integrated Synthetic Aperture Sonar (HISAS). CEO of Ocean Infini
TechnipFMC, Island Offshore Join Forces in Riserless Well Intervention
TechnipFMC has signed an agreement with Island Offshore to acquire 51% stake in Island Offshore Subsea. Island Offshore Subsea provides riserless light well intervention (RLWI) project management and engineering services for plug & abandonment (P&A), riserless coiled tubing and well completion opera
Bladt Industries, Semco Maritime Target Taiwanese Substations
Bladt Industries and Semco Maritime have entered into a partnership with the local shipyard CSBC Corporation to jointly creating a supplier to cover the Taiwanese market for offshore substations. The Taiwanese government has proposed very ambitious targets for the completion of large offshore projec
GCE Subsea Gets New Business Development Manager
Norwegian industry initiative GCE Subsea has informed that Kai Stoltz has joined its team as business development manager. According to GCE subsea, Stoltz’s main tasks will be within the key strategic areas of Ocean Innovation, Entrepreneurship and Business Development, Market and Work Processes. St
Subsea Technologies Gets ISO Accreditation
Subsea Technologies Limited (STL) has secured ISO 9001:2015 accreditation through Lloyds Register LRQA for the second year running. Iain Fullerton, business development consultant at STL, said: “We are delighted to have received the LRQA accreditation to such a high standard for the second year runn
Fugro to Survey Havfrue Cable Route
TE Subsea Communications (TE SubCom) has contracted Fugro to carry out a cable route survey for the proposed Havfrue cable system. The nearly 8,179 kilometers subsea cable system is comprised of a trunk cable connecting New Jersey, USA to the Jutland Peninsula of Denmark with a branch landing in Cou
Deepocean Charters Polar Onyx
GC Rieber Shipping has entered into a time charter agreement with Deepocean for the SURF vessel Polar Onyx for a fixed period of three years with options to extend by up to two years. The Polar Onyx will be used in Ghana to support Deepocean’s contract with Tullow Oil. The contract starts immediatel
WATCH: Ecosse Subsea Systems Shows Off SCARJet Trencher
Ecosse Subsea Systems (ESS) has completed detailed design and manufacture, supported by a number of industry experts, in order to develop the SCARJet trencher. In November 2016 ESS announced it will invest up to £3 million in developing a water-jetting tool with potential to double trench production
Ocean Installer Clinches Johan Castberg Deal from Statoil
Ocean Installer has received a substantial contract from Statoil for marine operations on the Johan Castberg project in the Barents Sea. Johan Castberg is amongst the largest subsea projects ever to be developed on the Norwegian Continental Shelf. The field developments spans Skrugard, Havis and Dri
Minesto Takes Delivery of Deep Green Gravity Base Structure
Minesto has taken delivery of the gravity base structure foundation for its first commercial-scale installation of Deep Green technology. “With the delivery of the gravity base structure, we are making significant progress towards the first installation in Holyhead Deep,” said David Collier, COO of
Plexus Sells Jack-up Business to TechnipFMC
Plexus Holdings has completed the sale of its Jack-up Business and the licencing of certain intellectual property to TechnipFMC. TFMC will pay an initial net consideration of £14,1 million. An additional sum of up to £27,5 million is payable dependent on the future performance of the Jack-up Busines
Lekoil Kicks Off Otakikpo 3D Survey
Lekoil has begun the shooting of a 3D seismic survey at the Otakikpo marginal field in OML 11, onshore and offshore in the south-eastern part of the Niger Delta. Sinopec Changjiang Engineering Services has been previously contracted by the company to carry out the survey. According to Lekoil, permit