The New Suez Canal dredging scheme is moving forward. This capital project, estimated to be worth over $2.1 billion, was inaugurated by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on August 5th 2014. Some of the world’s top dredgin
McDermott International, Inc. has completed the installation of a 3,086-ton central processing platform (CPP) topside using the tight-slot float-over method in the Kepodang gas field, Muriah Working Area, offshore Indonesia for PC Muriah Ltd, a wholly-owned subsidiary of PETRONAS. According to McDer
KOBELCO Construction Machinery USA has announced its plan to construct a hydraulic excavator production facility in Spartanburg, South Carolina. KOBELCO’s market development has been proceeding at a faster rate than expected since its reentry into the US market in 2013. A production factory in North
Ezra, has reported an increase in profit after tax (PAT) from US$8.7 million in 1Q14 to US$60.6 million in 1Q15. However, revenue of US$321.0 million for the first quarter ended November 30, 2014 (1Q15) was slightly lower from the corresponding period (1Q14). Adjusted EBITDA for the Group increased
Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, has announced an update on the Company’s outlook and end markets. “As 2014 concludes and the Company begins a new year, it is pleased with both its strong levels of asset utilization during the fourth quarte
EMAS’ subsea division, EMAS AMC, has secured a subsea construction contract with Apache Energy Limited in Australia valued in excess of A$130 million ($105 million). The awarded scope of work includes project management, engineering, transportation and subsea installation of an electro-hydraulic ste
A maze of ducts, tubes, thrusters and chambers have been carefully lowered through the Antarctic sea ice onto the sea floor near Australia’s Casey station as part of a world-first experiment on ocean acidification. It’s taken the team of scientists, engineers and divers several weeks to set-up the A
Claxton, an Acteon company, has installed more than 5000 conductor guide centralizers, making the company the market leader for conductor centralizer installation in the North Sea and beyond. Conductor centralizers form the interface between the platform jacket and well conductor, assuring vital con
With Concordia finally in dock, Italian marine contractor Micoperi reports that the Saab Seaeye Falcon ROV played a vital role in diver safety during the largest maritime salvage operation in history. Fabio Bartolotti of Micoperi, the contractor responsible for the project, says that the Falcon work
High-performance pipeline manufacturer Magma Global has entered into a partnership with back-deck services specialist Maritime Developments to develop a unique well intervention solution for the offshore oil and gas market. According to the press release, this expert partnership aims to meet key com
Claxton, an Acteon company, has marked a milestone by installing more than 5000 conductor guide centralizers. Conductor centralizers form the interface between the platform jacket and well conductor, assuring vital conductor integrity. The company reports it supplied a range of conductor and structu
EFC Group, a designer and manufacturer of controls, instrumentation, monitoring and handling systems for the global oil and gas drilling industry, has been awarded contracts with major oil and gas drilling contractor companies to the value of £3.65 million ($5.5 million). The company has completed t
Vos Prodect Innovations has delivered cable protection systems (Pro-CPS) for the repair and protection of fiber optic cable in Greece. Redband, having 20 years of experience in the field of telecommunications, has used the systems of Vos Prodect. The systems have been installed on the cable by diver
The “UKD Bluefin” has undergone a complete refit of the Dredge Monitoring System. Damen delivered all required software and hardware for trailing pipe and loading process monitoring, making use of the existing sensors on board. The refit was done within two weeks during a scheduled docking resulting
