GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hug
Jupa, a Norway based company, has been awarded a contract to supply FMC Technologies with SolidCitric products for use on the new CAT-D rig Songa Encourage. Jupa will supply SolidCitric cartridges and associated adapter tooling, and the products will be used for acid cleaning of equipment installed
Fugro and 3D at Depth, a provider of subsea LiDAR systems and solutions, have used subsea LiDAR data to 3D-print an accurate 1:1 physical model of a damaged well part. The subsea part fabrication was part of a larger project conducted in early 2016, using 3D at Depth’s subsea LiDAR SL 2 technology a
EIK Engineering has successfully delivered an EIK CAT323D2L amphibious excavator to a customer in Turkey. The excavator, delivered and assembled last month, will be used by the government to carry out maintenance of the river beds, swamps, lakes, ponds and reservoirs. EIK salesperson and service tea
NTT Communications Corporation (NTT Com) has launched the Asia Pacific Gateway (APG), a submarine cable network connecting regions and countries in Asia. The APG connects mainland China, Hong Kong, Taiwan, Japan, Korea, Malaysia, Singapore, Thailand and Vietnam. With a total length of 10,400 km, the
Lighthouse has recently signed an agreement with the American company Sound Metrics for the exclusive distribution in Italy of their line of ARIS Sonars. Based in Bellevue, Washington, from 2002 Sound Metrics designs and manufactures imaging sonars that can be deployed from vessels, ROVs and AUVs. A
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Saab Seaeye manufactures electric powered remotely operated vehicle (ROV) systems for a wide range of professional applications. The range currently extends from the portable
Royal IHC has been awarded the 2016 International Green Shipping Award for ‘The Most Sustainable Shipping Solution of the Year’. The ceremony took place during the International Green Shipping Summit in Rotterdam, the Netherlands, on 17-18 October 2016. The prize recognizes IHC’s efforts to limit th
Wasa Dredging, a Finnish marine offshore and inland water construction company, recently acquired new multi-purpose land machine based on a EX1200 Excavator from Hitachi. The machine features a special Wasa designed 24 meter boom configuration with a 4 m³ heavy duty bucket. The first project for the
The HUESKER Group, a Germany based manufacturer of geosynthetics and technical textiles, has just released a video about the Lake Sedlitz erosion protection project. This scheme involved works on a 1.500m long cliff erosion protection at the Lake Sedlitz, using SoilTain Coastal Protection Tubes – a
AKVA Group has entered into an agreement to purchase 66 percent of the shares in ROV and subsea technology company Sperre. The purchase price for the shares is based on an enterprise value of Sperre on a 100% basis of NOK 126,900,000, with customary adjustments for net debt and deviations from a nor
Aker Solutions has reported a net income of NOK 169 million, or NOK 0.37 in the third quarter 2016 versus net income of NOK 220 million, or 0.75 NOK a year earlier. Revenue declined to NOK 6 billion in the quarter from NOK 7.5 billion a year earlier amid a market slowdown. In Subsea segment Aker [&h
Oceaneering reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three months ended September 30, 2016. During the corresponding period in 2015, Oceaneering reported net income of $68.5 million, or $0.70 per share, on revenue of $744 million. Adjusted net in
Forum Energy Technologies, Houston-based oilfield products company, recorded net loss in the third quarter of $18 million, or $0.20 per diluted share, compared to net income of $6.7 million, or $0.10 per diluted share, for the prior-year period. The revenue recorded for the third quarter 2016 was $1
