Polarcus Limited announces that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus’ Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th A
Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group Kenny has been proactive in proposin
Statnett together with the UK system operator National Grid plans to establish a subsea HVDC power link between Norway and England. The landing point for the project is Kvilldal, close to the largest power plant in Norway. The project could be completed between 2017 and 2020, and would become the wo
Statoil has received consent to use the Island Wellserver mobile facility for well intervention activities on Troll Oseberg Gass Injection (TOGI). In addition to the fields included in previous consents a need has arisen to carry out minor well intervention work on TOGI. The objective of the activit
Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 streamer 3D seismi
Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, and Qtel, one of the region’s leading telecommunications companies, announced the landing of the GBI cable in Qatar, which will connect to the new purpose-built Qtel landing station. This is second of
Transocean Ltd. announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what the company believes is a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water while working for Reliance Industries offshore India. The rig, which is owned by a
LUX Assure, a research and development company specialising in chemical monitoring technologies for the oil and gas industry, has appointed Laurence Ormerod as chairman further strengthening the firm’s focus on the global oil and gas sector. With 30 years experience in the oil and gas industry, Mr O
It stretches 260km under the North Sea, contains 23,000 tonnes of copper and lead, and may represent the first step towards a renewable ener… (guardian) [mappress] Source: guardian , April 11, 2011;
Manitoba Hydro has released publicly its expert Concepts Panel report titled, “Potential Use of Submarine or Underground Cables for Long Distance Electricity Transmission in Manitoba.” The study was commissioned following publications by Professor John Ryan on the use of submarine cables in Lake Win
Vos Prodect Innovations B.V. announces Mr. Wout de Graaf as new Managing Director of Vos Prodect Innovations B.V. Mr. Wout de Graaf, also CEO of the Vos Industrial Group, wants to professionalize Vos Prodect Innovations bringing the company to a higher level within the offshore wind energy and telec
Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea. Total project price is estimated at US$600 million (includes project management, drilling and handling tools, spares, capitalized interest and operations preparations). The deli
CTC Marine has returned to Germany to continue the installation of subsea inter-array power cables on BARD Offshore 1 Wind Farm. The first array cable of the 2011 campaign has already been installed. CTC is installing 80 inter-array power cables in total on the 400MW development located in the Germa
Dr Marcus Jones has left his post as Chief Executive of the Institute of Marine Engineering, Science and Technology (IMarEST) in order to pursue new interests. He joined the Institute in January 2008 as Chief Operating Officer and took over as Chief Executive in May 2009. “Marcus has defined and led
