The New Suez Canal development program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said, in addition to a seaport in the South Sinai city of Nuweiba and the development of Sharm Al-S
Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business. Earnings before interest and taxes (EBIT) climbed to NOK 557 million in the quarter from NOK 486 million a year earlier
Electromagnetic Geoservices ASA (EMGS) has informed of a sales agreement from the multi-client library in the Barents Sea. EMGS will receive uplift revenues of $2.5 million related to the licensing round for mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA). EMGS’ mu
French oil major Total has today reported a drop in its 4Q 2014 net income. The company’s adjusted net income was $2.8 billion, a 17% fall when compared to $3.4 billion earned in the fourth quarter last year. Bloomberg has reported that, despite the drop, Total’s net income beat the analysts’ foreca
Ulstein Design & Solutions has hired Bernt-Aage Ulstein as new Design Manager. He is a Master of Science (MSc) and an MBA, and comes from the position as Technical Director in Rolls-Royce Marine AS, dept. Propulsion. “We are very pleased that Bernt-Aage Ulstein has accepted the position as Design Ma
Aberdeen based, Hydro Group, a global designer and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, will unveil new machinery and subsea cabling capabilities at the Subsea Expo in Aberdeen. Graham Wilkie, Sales Director at Hydro Group said: “
Tough times in the oil industry have also started affecting the subsea sector as the oil service company FMC Technologies is reportedly reducing its company-wide headcount by 10 percent. The Houston-based subsea specialist, which roughly employs 20,100 people in 17 countries, is next in line to axe
Sonardyne International, UK, has announced that Seatronics, an Acteon company, is to take delivery of £1 million worth of its 6G acoustic positioning technology. The contract was placed on Day 2 of the Subsea Expo 2015 exhibition and conference in Aberdeen. The 6G equipment ordered by Seatronics is
DRAGFLOW team is at work for a cutting edge project: design a new and reliable system to detect seals’ damages in submersible pumps. The goal is to reduce maintenance costs and water contamination’s risks. This project is funded by FESR, Regional Development European Fund and is fulfill in collabora
The Norwegian and German power grids will be able to share green energy directly for the first time thanks to Nexans submarine HVDC (high voltage direct current) cables to be installed as part of the NordLink project. Nexans will design, manufacture and install two 525 kV cable subsystems, with a to
Subsea Tooling Services (STS) has recently completed final tests of their new Predator Subsea Dredger at The Underwater Centre’s open-water site in Fort William. According to The Underwater Centre, their main objective was to prove that the Predator Subsea Dredger was as efficient, if not better, th
Energy services company Proserv was crowned company of the year in the category sponsored by 3sun Group and RRC Controls at last night’s Subsea UK Awards. During the past 12 months, Proserv marked a number of key milestones including a series of high-profile contract awards across the globe, expandi
Today we are bringing you this beautiful photo of Jan De Nul’s cutter suction dredger J.F.J. De Nul, built by IHC Holland’s Kinderdijk yard. This dredger is the most powerful vessel of its type in the world. The cutter suction dredgers (CSD) are equipped with a rotating cutter head cutting hard soil
The Norwegian Petroleum Directorate has produced two interactive versions of the atlas of potential CO2 storage sites in the sea areas off the Norwegian coast. One of them has been integrated with the NPD’s ordinary fact map, and thus provides access to much more information than is the case for the
