Fugro is set to cash in close to USD 40 million from the sale of Global Marine Group (GMG) through its ownership of 23.6% in GMG. As reported earlier, a subsidiary of Global Marine Holdings, in which Fugro holds a 23.6% equity interest, has entered into a definitive agreement to sell 100% of GMG, ex
MacArtney said it will soon supply and test several underwater connectors for INFN – the National Institute for Nuclear Physics. INFN for the IDMAR Research Infrastructure in Sicily supports, among others, the KM3NeT (Cubic Kilometre Neutrino Telescope) infrastructure in the Mediterranean Sea. MacAr
Global Marine Holdings, in which HC2 holds an approximate 73% equity interest, has entered into a definitive agreement to sell 100% of Global Marine Group (GMG) to an investment affiliate of J.F. Lehman & Company (JFLCO). The sale includes GMG’s operating subsidiary Global Marine Systems, a provider
Van Oord has awarded Vos Prodect Innovations (VPI) a contract to supply cable hang-off systems for Windpark Fryslân. As a part of the agreement, VPI will develop a custom made cable hang-off system, which is to be qualified with mechanical tests. “We are delighted to be contracted by Van Oord for th
Wintershall Dea and Bell have signed a non-binding collaboration agreement looking into the possibility of introducing a new helicopter on the Norwegian Continental Shelf.
UK-based marine technology group OTAQ has completed the acquisition of Marinesense. Marinesense is the manufacturers of the OceanSENSE underwater leak detection and DragonFish precision laser measurement systems for the offshore energy industry. They are considered specialists in underwater optics,
UK-based Seiche Environmental has strengthened its team with three key appointments within the business. Amanda Hyam, formerly Marine Wildlife Advisory and Ancillary Services Manager at GeoGuide Consultants, joins the business as associate director to enhance the team’s expertise operating in the oi
Underwater diver detection sonar technology from Sonardyne has been selected by yacht security specialist Frankentek for its latest new-build superyacht surveillance and protection project. Sentinel Intruder Detection Sonar (IDS) will provide security personnel on the unnamed vessel with a clear and
Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission for the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable. The Western HVDC is a £1.3 billion subsea cable that transports electricity between Scot
Telenor Maritime has expanded its US presence at the NJFX cable landing station campus. The Norwegian mobile operator at sea is establishing a direct connection to Norway via the 7200km Havfrue subsea cable system, which traverses the North Atlantic and connects the U.S. at NJFX to mainland Northern
SBSCL is deploying “3A”, high capacity, LOOP system 3rd generation submarine cable between Bilbao, Spain to Hong Kong. It contains four high capacity branch and nth number of local branches. Ownership structure of the cable is joint venture of Business Lab Ltd. SPARKbANGLA Technologies Ltd and Elham
Aquaterra Energy has signed a memorandum of understanding (MoU) with Oceaneering to offer complete decommissioning and late life solution packages to the North Sea oil and gas industry.
Neptune Energy has announced plans for a digital subsurface program with the aim of discovering hydrocarbons 70 percent faster.
Offshore Brittany, France, an intricate cleaning job has been performed in the channel with the help of the Damen DOP250 dredge pump. The vessel “Roxane Z” was fitted out with all dredging gear – a DOP250 attached to one of the on-board cranes, and another DOP250 on deck acting as a booster station.
