Subsea World News has put together a recap of the most interesting articles from the previous week (February 23 – March 01). Building on the previous award by Total E&P UK of the contract for the Edradour Subsea Development, located approximately 75 km North West of Shetlands in the UK waters, Techn
Picture of the Day: Dredgers Crowding New Suez The New Suez Canal project is currently under construction and is scheduled to be delivered next August. Chief Mate Guilty Over Fatal Dredger Collision On the 8th June 2014 the Shoreway, a 98 metre 5000 tonne dredger, owned […]
Elia, the Belgian electricity transmission system operator, and National Grid will today sign a joint venture agreement to move ahead with the Nemo Link, the first electricity interconnector between the two countries. When completed the interconnector will provide 1000 MW of capacity. The link will
Hydrex diver/technician team performed a successful propeller blade cropping operation on a 190-meter bulker at anchorage in Punta del Este, Uruguay. An underwater inspection revealed that all five blades were bent severely, with three of the blades bent over more than 90°. Cropping was the only opt
Dril-Quip has earned $59.1 million, or $1.50 per diluted share, for the three months ended December 31, 2014, versus net income of $47.1 million, or $1.15 per diluted share, for the fourth quarter of 2013. According to the company, the fourth quarter 2014 results were favorably impacted by an after-
Dril-Quip, Inc., a U.S.-based manufacturer of offshore drilling and production equipment, today announced net income of $59.1 million, or $1.50 per diluted share, for the fourth quarter of 2014, versus net income of $47.1 million, or $1.15 per diluted share, for the fourth quarter of 2013. The compa
Norwegian geophysical contractor, Magseis has ended in red in its first full year of operation. The company, which has a total of 77 full-time employees including 46 seismic crew, recorded net loss second quarter in a row. During the third quarter, the company recorded a $2.0 million net loss, compa
On the 8th June 2014 the Shoreway, a 98 metre 5000 tonne dredger, owned by Koninklijke Boskalis Westminster NV, collided with a Moody 31 sailing yacht Orca at the entrance to the River Orwell in Suffolk. At the helm of the Shoreway at the time was Mr Gerardus Chapel who was employed as Chief Mate. [
Havyard Group has slipped into loss in the fourth quarter 2014, despite significant growth in operating revenues, due to cost overruns in construction. The Norwegian vessel designer and builder reported loss of NOK 13.3 million for the quarter, compared to NOK 12 million profit in the corresponding
Italdraghe, the long-standing Italian dredger builder, has considerable experience in designing and building weed harvesters and is currently manufacturing a harvester for the Kenyan government. This purpose-built vessel will work on Lake Victoria to remove the extensive ever-expanding mats of water
Zarzud Morskiego Portu Gdansk SA has invited bidders to submit their offers for the Port of Gdansk development project. The announced scheme will involve execution of three stages of durable strengthening to pier foundations in the Port of Gdansk. This project is scheduled to begin in May this year,
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME,one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, ended the 2014 financial year with a c
In support of routine inspection and maintenance work at a Nuclear Power Station in the UK, Osiris Marine carried out in-house technical upgrades of the Falcon ROV. The company installed a fibre optic umbilical that provided extended performance capability of 850m. The addition of the fibre optic um
Helix Energy Solutions Group, Inc. has entered into an agreement with BP Exploration & Production to amend their existing 2013 agreement for the Q5000 well intervention vessel. The start of the the well intervention services work in the U.S. Gulf of Mexico, previously scheduled to begin in the third
