Nautilus Minerals has signed a subscription agreement with Mawarid Offshore Mining and Metalloinvest Holding to sell such number of common shares of the company that will raise gross proceeds of up to US$20 million. As previously disclosed, Nautilus requires significant additional funding in order t
GE Oil & Gas has entered into a frame agreement by Oil and Natural Gas Corporation Limited (ONGC) India for 55 subsea wellheads for the company’s drilling campaign offshore India. GE said on Monday that the contract further expands a long cooperation between the two companies spanning for more than
GE Oil & Gas has been awarded a multi-million dollar frame agreement by Oil and Natural Gas Corporation Limited (ONGC). Under the agreement, GE will provide an estimated 55 subsea wellheads over next three years for the operator’s offshore drilling campaign, in shallow to medium waters offshore Indi
Cable laying vessel Giulio Verne and support vessel Go Pegasus are continuing with installation and survey work in the Irish Sea along the Western HVDC Link cable route, AWJ Marine informs. The Western Link Project consists of installing two 600 kV DC submarine cables in the Irish Sea from Ardneil (
Malaysian oil and gas company Petronas, while acknowledging a slight recovery in oil prices, expects uncertainty to persist for a while. Presenting its half-year results on Monday, the company posted profit after tax of RM6.2 billion ($1.54 billion) for the half-year ended, a 72 per cent dip from RM
ROVOP is set to increase its Houston workforce as a result of further business growth including recent contract wins in the Gulf of Mexico region, the company informed on Monday. The growth follows the successful completion of a pipeline installation campaign in Mexico with Drebbel de Mexico, which
Komatsu Europe recently introduced an all-round performer, the D37EX/PX-24 dozer to the European market. The D37EX/PX-24, standout choice for any grading or earthmoving application, features a Komatsu EU Stage IV engine with class-leading power and unrivaled fuel efficiency, along with improved comf
Mexican oil company Pemex has terminated a drilling contract with Seadrill over the West Pegasus offshore drilling rig. The driller has disputed the grounds for termination and is reviewing its legal options. During the second quarter of 2015 Seadrill signed a provisional commitment for a two-year e
Singapore’s offshore rig builder Sembcorp Marine Ltd will buy Norway’s LMG Marin AS $20 million, getting hold of a cache of design patents and expertise in naval architectural design, engineering and technology development. Bergen-based LMG is a naval architecture as well as ship design and engineer
Acteon’s mooring technology specialist, InterMoor, has shared an update on its “monster” suction pile project, currently underway at its manufacturing facility in Morgan City, Louisiana in the United States. Suction piles are a long steel cylinder topped with a pile top or cap. The cap comprises val
Hawaiki Submarine Cable, the New Zealand owner and developer of Hawaiki submarine cable system, has selected DRFortress as its landing and operating partner in Hawaii. As part of its system architecture, Hawaiki will land its proposed 14,000 km trans-Pacific cable from Australia and New Zealand to t
Sembcorp Marine has agreed to acquire a 100% equity stake in LMG Marin AS (LMG) for US$20 million. LMG is a naval architecture as well as ship design and engineering house headquartered in Bergen, Norway, with offices in Poland and France. Its design and engineering portfolio spans floating structur
An Aberdeen-based operator of remotely operated vehicles (ROVs), ROVOP, will increase its Houston workforce after enjoying a spell of business growth including recent contract wins in the Gulf of Mexico. The company said on Monday that the increased work comes off a successful pipeline installation
Her Majesty’s Lord-Lieutenant of Somerset, Annie Maw, has officially presented Viper Subsea with The Queen’s Award for Enterprise in Innovation at a ceremony at the company’s Portishead head office which took place on Friday August 19. Viper Subsea is an engineering company that provides consultancy
