Subsea
Jobs Lost as X-Subsea UK Goes Under
Aberdeen-based subsea dredging and excavation specialist, X-Subsea UK Holding and its subsidiaries, have entered into Administration on April 27, 2015 following the collapse of wider Norwegian-based parent group. The company informed that Alexander Iain Fraser and Thomas Campbell MacLennan from FRP
Aft Ship of Yard No 302 Arrives at Ulstein
The tow of the aft ship of Ulstein Verft’s largest newbuild so far, Yard No 302, has arrived at the yard on Tuesday, April 28. Yard No 302 is an offshore construction vessel (OCV) being built for joint owners, Island Offshore and Edison Chouest Offshore. Ulstein will now move the 6,500 t section int
Hetzner Online Buys into Germany-Finland Subsea Link
German web hosting company and data center operator, Hetzner Online, is investing in a 1,100 km long deep sea cable from Rostock to the capital of Finland, Helsinki. The fiber-optic link is expected to be put into operation in the spring of 2016. Preparations for cable system implementation have sta
Kleven Gets Green Light for De Beers’ Newbuild
De Beers Marine Namibia, part of diamond company De Beers Group, has lifted all subjects, thus confirming its contract with Norwegian ship builder Kleven on the building of a highly specialised vessel for deep water mineral exploration. The contract was initially announced in October 2014, but sub
James Fisher Acquires S3 Assets
Joint Administrators of Specialist Subsea Services Limited (S3), Blair Nimmo and Geoff Jacobs of KPMG LLP, have sold the company’s assets and its intellectual property to James Fisher Offshore. The Aberdeen-based business has been trading since 2007 and was acquired by the Reef Group in 2009. Follow
New Director of Engineering and Construction for TLP
Andrew McNaughton is joining Tidal Lagoon Power as Director of Engineering and Construction and will oversee the technical development of Swansea Bay Tidal Lagoon. Andrew brings 30 years experience of delivering major infrastructure in the UK and overseas. As both a project manager and an executive
Alcatel-Lucent Bags Orval Subsea Cable Deal
Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications, have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. With completion expected in 2016, the 100
Cargotec’s MacGregor Cuts 220 Jobs
Cargotec is laying off some 220 employees globally at its MacGregor business, in order to respond to the weakening market situation due to the low oil price and low number of new merchant ship orders. The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singa
Nexans Boosts Revenue
Nexans saw its stock price jump 13% today after the French cable giant posted revenue increase boosted by steady growth in submarine cables. For the first quarter, ended March 31, 2015, Nexans generated sales of 1.6 billion euros, compared to 1.56 billion in the corresponding period in 2014. At cons
Prysmian Commissions SylWin1 Grid Connection
After the Siemens handed over SylWin1, High Voltage Direct Current (HVDC) offshore grid connection project, to TenneT, Prysmian Group announced the successful commissioning of the project realised off the North Sea coast of Germany. Prysmian secured this project in January 2011 as part of overall co
Teledyne Bowtech Gets New General Manager
Simon Beswick has been appointed to the role of General Manager at Teledyne Bowtech Ltd. Simon was previously Managing Director of Tritech International Ltd from 2008 having joined as Finance Director in 2007. Prior to joining Tritech, Simon had spent most of his career in international roles within
VARD Director Retires
The Board of Directors of Vard Holdings Limited announced that Fabrizio Palermo has retired as a Director of the Company with effect from 28 April 2015. With effect from the same date, Vittorio Zane has been appointed as an Executive Director of the Company. Vittorio Zane has also been appointed as
Akastor Stays in Red
Oilfield services investment company, Akastor, has posted a loss of NOK 251 million ($32.4 million), compared with NOK 3.26 billion ($421 million, NOK 3.23 billion from discontinued operations) in the corresponding period in 2014. The Oslo-listed company remained in red following the fourth-quarter
Subsea UK Calls for Papers Prior to ROV 2015 Conference
Subsea UK has launched a call for papers for the annual conference, now in its third year, which is focused on remotely operated vehicle activities. Namely, the UK industry body is urging industry experts to step forward and voice their concerns over the challenges currently facing the sector as a r