Aberdeen-based subsea dredging and excavation specialist, X-Subsea UK Holding and its subsidiaries, have entered into Administration on April 27, 2015 following the collapse of wider Norwegian-based parent group. The company informed that Alexander Iain Fraser and Thomas Campbell MacLennan from FRP
German web hosting company and data center operator, Hetzner Online, is investing in a 1,100 km long deep sea cable from Rostock to the capital of Finland, Helsinki. The fiber-optic link is expected to be put into operation in the spring of 2016. Preparations for cable system implementation have sta
De Beers Marine Namibia, part of diamond company De Beers Group, has lifted all subjects, thus confirming its contract with Norwegian ship builder Kleven on the building of a highly specialised vessel for deep water mineral exploration. The contract was initially announced in October 2014, but sub
Tidal Lagoon Power, the developer behind Swansea Bay tidal project, has appointed Andrew McNaughton as Director of Engineering and Construction. McNaughton will be tasked to oversee the technical development of Swansea Bay tidal lagoon, and to bring it to operational service. He has served as a Vice
FoundOcean has completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilised from Port Fourchon, Louisiana. In January this year, McDermott announced the contract award for the installation of the 8,400-ton offshore jacket,
Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications, have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. With completion expected in 2016, the 100
Nexans saw its stock price jump 13% today after the French cable giant posted revenue increase boosted by steady growth in submarine cables. For the first quarter, ended March 31, 2015, Nexans generated sales of 1.6 billion euros, compared to 1.56 billion in the corresponding period in 2014. At cons
After the Siemens handed over SylWin1, High Voltage Direct Current (HVDC) offshore grid connection project, to TenneT, Prysmian Group announced the successful commissioning of the project realised off the North Sea coast of Germany. Prysmian secured this project in January 2011 as part of overall co
Oilfield services investment company, Akastor, has posted a loss of NOK 251 million ($32.4 million), compared with NOK 3.26 billion ($421 million, NOK 3.23 billion from discontinued operations) in the corresponding period in 2014. The Oslo-listed company remained in red following the fourth-quarter
Carnegie Wave Energy’s units at Perth Wave Energy Project off Garden Island, Western Australia have accumulated more than 7,500 continuous operating hours since the first CETO 5 unit was installed. Since the last unit was installed in early March, the full array has generated over 1,000 operating ho
Carnegie Wave Energy’s units at Perth Wave Energy Project off Garden Island, Western Australia have accumulated more than 7,500 continuous operating hours since the first CETO 5 unit was installed. Since the last unit was installed in early March, the full array has generated over 1,000 operating ho
Carnegie Wave plans to retrieve CETO 5 Unit 1 for a complete strip down, inspection and overhaul, after one month of all three units operating as an array. The three CETO 5 units have now accumulated more than 7.500 continuous operating hours, with the full array of three CETO 5 units operating for
Subsea UK has launched a call for papers for the annual conference, now in its third year, which is focused on remotely operated vehicle activities. Namely, the UK industry body is urging industry experts to step forward and voice their concerns over the challenges currently facing the sector as a r
The International Marine Contractors Association (IMCA) published ‘An Introduction to Inertial Navigation Systems’ (IMCA S 022) produced for the association by Gordon Johnson under the direction of the IMCA Offshore Survey Division Management Committee. IMCA published this introduction due to the in
