Aker Solutions has won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad terminal to receive oil from the North Sea Johan Sverdrup field. The contract, valued at about NOK 350 million ($42.5 million), is for engineering, procurement, construct
Aberdeenshire-based Paradigm Flow Services said it will strengthen its operations in Houston by relocating its business development manager, Kevin Keogh, to help with the company’s expansion in North America. According to Paradigm, this investment in US-based resources should enable the company to b
Bardot Group, a French SME specialised in subsea engineering and equipment manufacturing for offshore energy, has signed a contract for the first commercial OTEC (Ocean Thermal Energy Conversion) system to be installed in an eco-resort in Maldives. The contract, which includes engineering, procureme
Subsea World News has put together a recap of the most interesting articles from the previous week (October 10 – October 16). DEA has awarded the EPCI (engineering, procurement, construction and installation) contract for the smaller structures and pipelines, as well as the subsea installation work
Toronto-based underwater mineral exploration company, Nautilus Minerals, has appointed Stuart MacKenzie as company secretary and legal counsel, and Glenn Withers as acting chief financial officer, effective October 14, 2016. MacKenzie has over 30 years experience in the mining industry. He has serve
Perisai Petroleum, a struggling Bursa Malaysia-listed oilfield services provider, is now a PN17 company, after failing to pay its interest to noteholders, and declaring itself insolvent. According to a definition by KLM Management, PN17 is issued by Bursa Malaysia, to companies that are in financial
Royal IHC has informed that, due to persistently poor market conditions, it will be making additional capacity adjustments, which will have an impact on around 425 employees in The Netherlands. The company said it will hold staff meetings at all locations today where the management will provide staf
Saint-Petersburg based engineering company Global Technologies of Innovative Systems (GTIS) has presented a new multi-functional pontoon for dredging and underwater engineering operations. GTIS Director General, Yevgeny Yeryomin, said that the construction was performed at the premises of Interferru
Huawei and PT.LEN Telekomunikasi Indonesia (LTI) have signed an agreement to design and construct a portion of the Palapa Ring Project in Indonesia. The Palapa Ring is a broadband network project that is led by Indonesian government for the purpose of increasing broadband penetration in the more rem
Aqua Comms, the operator of Ireland’s first dedicated subsea fibre-optic network interconnecting New York, Dublin and London, has secured an investment of $25 million in equity capital from the Ireland Strategic Investment Fund (ISIF). Aqua Comms said it will use the funds to further accelerate cust
C-Kore Systems has completed another campaign with PTTEP Australasia by supplying them with its C-Kore subsea testing tools. The C-Kore tools, designed and built to speed up and simplify subsea testing, were used to fault-find electrical cables subsea. According to the company, the C-Kore units save
Technip has been awarded a subsea contract by Petronas, for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia. Under this contract, Technip will manage the engineering, supply, construction, installation and commissioning (EPCIC) of flexible pipelines, with diameters ranging from 4” to 6”,
Vard, a designer and shipbuilder of specialized vessels, has entered into an agreement to acquire Storvik Aqua, equipment provider to the aquaculture industry. The purchase price is approximately NOK 35 million or some $4.3 million. Headquartered in Sunndalsøra, Norway, Storvik Aqua has a production
MacArtney has supplied Mermac D docking head for Schmidt Ocean Institute remotely operated vehicle (ROV), soon to be deployed on a sea study. The SuBastian ROV will be deployed onboard R/V Falkor during the surface microlayer and air-sea boundary cruise. The Mermac D will aid in launch and recovery
