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
FoundOcean has completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilised from Port Fourchon, Louisiana. In January this year, McDermott announced the contract award for the installation of the 8,400-ton offshore jacket,
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 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
MacGregor, a deck equipment provider and a subsidiary of Cargotec, will start cutting workforce to respond to the deteriorating market situation caused by the low oil price and low number of new merchant ship orders. More than two hundred workers will be let go. MacGregor is planning to reach saving
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
Work in Beatrixhaven, the newest port basin in Eemshaven, has reached the completion phase, announced the Groningen Seaports. The heavy load quay is getting the finishing touches and dredging work is well on its way. The level of the surrounding terrain has been raised with sand dredged from the por
Caterpillar has just introduced their new Cat® 323D L Series 2 hydraulic excavator, with an operating weight ranging from 22 000 kg (48,501 lb) to 23 200 kg (51,147 lb). Hydraulic-system refinement adds to the 323D2 L overall efficiency, as well as to its capacity to handle a broad range of Cat work
Wave energy developer Carnegie Wave Energy Limited announces that the three CETO 5 units have now accumulated more than 7,500 continuous operating hours. The first CETO 5 unit has now been operating for over 4,000 hours, with the second CETO 5 unit achieving over 2,000 operational hours. The third C
Preparations are being put in place for the next major recharge of beaches at Holland-on-Sea at the weekend. A temporary compound has been set up on the sand between Fernwood Avenue and Brighton Road and the area has been temporarily closed off. A pipeline will be put together ready for the main rec
KOBELCO Construction Machinery USA has announced the launch of their new SK25 compact excavator model as well as their enhanced SK17 model. Equipped with engines that meet Tier IV Final requirements, the SK25 and SK17 pack plenty of power and outstanding hydraulic performance. Each model offers stab
Subsea UK has called for industry experts to step forward and voice their concerns over the challenges currently facing the sector as a result of the falling oil price at its ROV conference in September. The industry body has launched a call for papers for the annual conference, now in its third yea
FoundOcean, a construction grouting company from UK, has completed the grouting for the Ayatsil A drilling platform jacket. The jacket was constructed for the Mexican oil company PEMEX. FoundOcean conducted this job as a subcontractor for McDermott, a company responsible for the installation of the
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
