The Board of Oil Search Limited has unanimously rejected Woodside’s takeover offer. Last week Woodside launched the offer for all the shares in Oil Search for a consideration of one Woodside share for every four Oil Search shares held. According to Oil Search, following a detailed evaluation of the
The Department of Ocean Engineering and Ship Technology, Gdansk University of Technology in Poland has issued a tender invitation for the delivery of an autonomous underwater floating vehicle (AUV). The AUV should be fit for acoustics testing, and will be used under the framework of the project “Dev
Montero Mining and Exploration has entered a binding letter agreement with Greenflash 251 to acquire up to a 75% interest in the Greenflash Offshore Phosphate Project in South Africa (the “Greenflash Project”). Montero has 6 months from signing to complete financial, legal and technical due diligenc
Ocean Floor Geophysics (OFG) has been awarded a contract by Global Seas Mineral Resources NV (GSR) for seafloor sampling, AUV, and geophysical services. Since September 2014, GSR NV has been integrated into DEME Concessions NV. GSR and OceanflORE (a joint venture between Royal IHC and DEME) are work
Subsea World News has put together a recap of the most interesting articles from the previous week (September 07 – September 13). Subsea World News has taken an opportunity to speak to Gary McConnell, Global Business Development Manager from Aleron Subsea to give you a closer look into its business
LOI Signed for Jakarta’s Giant Sea Wall South Korea, the Netherlands and Indonesia have signed a letter of intent for a study on a joint realization of the National Capital Integrated Coastal Development (NCICD), also known as the ‘Giant Sea Wall’ project. Panama Canal Project Enters […]
The AES Corporation said that, its unit, Gas Natural Atlantico, has been awarded a deal by the Electric Transmission Company, the state’s electric transmission company, to supply 350 MW of new capacity.
The Panama Canal Expansion project continues to gain momentum as it moves closer to completion. In August, while testing of the new locks continued, the three dams adjacent to the Pacific-facing Cocoli Locks were completed. These dams are essential to the completion of the new locks project since th
GE and Mexico’s Pemex have signed a memorandum of understanding (MOU), as part of the GE’s quarterly meeting of its corporate executive council in Crotonville, New York, with the presence of Pemex CEO, Emilio Lozoya Austin and GE’s chairman and CEO, Jeff Immelt. As an answer to the new situation in
Ocean Installer has been awarded a contract for deep water UFR installation work with Total E&P Congo at the Moho Nord field off the coast of the Republic of Congo. The contract is Ocean Installer’s first major operation in West Africa following the creation of the Africa, Mediterranean and Middle E
Norway’s Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to Kværner Verdal for delivery of the steel jacket for the Johan Sverdrup drilling platform. The contract is an execution of the letter of intent signed by Statoil and Kværner for delivery of two jackets for Johan
Hexatronic Cables & Interconnect Systems has secured a contract with A-2-Sea Solutions Limited for the supply of rock armored submarine ribbon cable. In the contract worth 10 million Swedish Crowns ($1.19 million), Hexatronic will supply approximately 20 km of rock armored submarine ribbon cable, fo
Yuan Heng Gas informed it has signed a memorandum of understanding with CSSC (Hong Kong) Shipping Company, a CSSC unit, for the provision of USD10 million financing.
Cowes Harbour Commission’s contractors Boskalis Westminster recently began the final stages of works on the Cowes Breakwater project. According to the CHC, this involves a final reshaping of the breakwater’s gravel core, bringing sections into profile before applying layers of small rock that act as
