SMD and Blade Offshore Services (BOS) announce the signature of Heads of Terms for a joint venture. Under the joint venture, expected to be called SMD-BORD, SMD will design and manufacture subsea remote drilling solutions for the marine renewable industry, offering a cost effective alternative to mo
Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for the
A team of astronauts and scientists who are living and working on the ocean floor as part of a simulated trip to an asteroid are nearing the… (Space) [mappress] Source: Space, October 26 , 2011;
FMC Technologies, Inc. reported third quarter 2011 revenue of $1.3 billion, up 34 percent from the prior-year quarter. Diluted earnings per share were $0.50 compared to $0.33 in the prior-year quarter. Total inbound orders of $1.3 billion included $731 million in subsea systems orders. Backlog for t
Hess Corporation announced that they will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Discovered in 2003, Tubular Bells is located approximately 135 miles southeast of New Orleans in the Mississippi Canyon area. The field lie
Figures published by the International Marine Contractors Association (IMCA) reveal that globally there was a reduction in offshore diving… SubseaUK [mappress] Source: SubseaUK, October 25 , 2011;
Kongsberg Maritime Ltd, the UK subsidiary of global marine technology company Kongsberg Maritime, has been awarded a contract with leading wave energy technology provider Aquamarine Power to carry out underwater noise assessments relating to its Oyster wave energy device. The Oyster device has been
Leading chemical company BASF recently appointed subsea experts Jee for staff training. A fast-track, workshop style course was commissioned in order to get new BASF starters up to speed in the oil and gas industry. Jee is well-known for their high-quality courses which teach engineers the technical
A summer research expedition organized by scientists at Scripps Institution of Oceanography at UC San Diego has led to the identification of gigantic amoebas at one of the deepest locations on Earth. During a July 2011 voyage to the Pacific Ocean’s Mariana Trench, the deepest region on the planet, S
Kawasaki Heavy Industries, Ltd. announced that it has launched the development of a power generation system utilizing ocean tides, a promis… (ecoseed) [mappress] Source: ecoseed, October 25, 2011
A feasibility study for the interconnection of electricity grids between India and Sri Lanka is expected to be complete by December this… (elp) [mappress] Source: elp, October 25 , 2011;
Helix Energy Solutions Group, Inc. reported net income of $46.0 million, or $0.43 per diluted share, for the third quarter of 2011 compared with net income of $26.2 million, or $0.25 per diluted share, for the same period in 2010, and net income of $41.3 million, or $0.39 per diluted share, in the s
The 11th meeting of ECOWAS Telecommunications and Information and Communication Technologies Ministers (Telecoms-ICT) from the 15 Community Member States ended at Yamoussoukro, Cote d’Ivoire, recently. Prepared for four days in the Ivorian capital by a high-level experts’ meeting, it sought to revie
ROV support of underwater operations is expected to grow from $891 million in 2010 to $1,692 million in 2015, according to the latest… SubseaUK [mappress] Source: SubseaUK, October 24 , 2011
