The companies involved in the Nord Stream 2, which should boost supply of natural gas to the EU market, have signed a Shareholders’ Agreement, setting up a new project company, New European Pipeline AG, to develop the export pipeline project trough the Baltic Sea. According to the document, Gazprom
Bombora Wave Power, a Perth-based wave energy developer, has deployed a scaled prototype of their wave energy device off Melville, Australia. The device has been deployed at Swan River, alongside Como Jetty, Western Australia. The mid-scale field trial presents a step forward from the laboratory tes
Minesto, a Swedish-based tidal energy developer, has made new Chief Financial Officer (CFO) and new Chief Operating Officer (COO) appointments. Fredrik Ahlström will be taking on the role of CFO, and will be tasked with leading the company’s financial planning and capitalization during the developme
A U.S. Coast Guard helicopter crew medevaced a Frenchman reportedly suffering from a heart attack aboard a vessel, 80 miles west of Coos Bay. An MH-65 Dolphin helicopter crew from Coast Guard Air Station North Bend safely transferred the 55-year-old man to emergency medical personnel, Thursday at 6:
UK oilfield services player, Expro, is forced to make further job cuts as a response to the progressing challenges on the market. In addition to workforce reduction announced earlier in March, Expro plans to make approximately 60 further redundancies across its Europe and Commonwealth of Independent
Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of August has seen companies adjusting to tough market environment with further workforce reductions, shipowners laying-up vessels and some major deals
NEC Corporation signed a contract with Telekom Malaysia Berhad and TT dotCom Sdn Bhd to construct the Sistem Kabel Rakyat 1 Malaysia (SKR1M), an optical submarine cable system that will connect Peninsular Malaysia, Sabah and Sarawak. SKR1M, a 100 Gb/s optical fiber submarine cable system measuring a
Husky Energy has reported a major hydrocarbon gas release from subsea equipment in the Southern Drill Center at the White Rose field, says the Canada-Newfoundland and Labrador Offshore Petroleum Board. According to C-NLOPB, the release occurred on August 31, 2015. Husky estimates that 8938kg of natu
Atlas Professionals has completed the acquisition of a 100% interest in Subserv Pro (SSP) and ORCA Offshore (ORCA). Based in Banbury, the office will expand Atlas’ UK network, bringing together two agencies in the niche markets of ROV, Diving, Inspection and Renewable Energy. Marcus Chandler, Managi
Nexans’ subsea cables will power the new super complex at the heart of the future development of the Nasr oil field, offshore from Abu Dhabi in the UAE. This follows the award of a contract worth around € 90 millions by the EPC contractor, Hyundai Heavy Industries (HHI), for Nexans to supply high vo
Heerema Fabrication Group (HFG) has been awarded the Engineering, Procurement & Construction contract from Maersk Oil North Sea UK for the Culzean jackets for both the central processing facilities platform and the utility & living quarter platform. This contract is the second HFG has won for the Cu
Viking SeaTech has expanded its UK Marine department with addition of two oil and gas industry professionals to strengthen its core marine engineering competencies. Syed Shah joins as a marine manager, with more than 25 years experience and over 75 rig moves. Colin Allan joins as a project engineer
Houston-based ION Geophysical Corporation has announced, what the company described as an aggressive cost reduction initiative as part of an overall plan to align operating expenses with business conditions and recent declines in the current commodity price environment for crude oil and natural gas.
The League of European Research Universities (LERU) has called for the respect of European Commission’s Horizon 2020 research and innovation programme budget, following the announced budget cuts. The organisation made the statement as the Council prepares to formally adopt its position on the 2016 E
