Hawaiian Telcom Holdco, Hawaii’s leader in integrated communications solutions, announced that its Hawaiian Telcom, Inc. subsidiary has signed a definitive agreement to acquire Wavecom Solutions Corporation’s competitive local exchange carrier (CLEC) business. The stock purchase transaction is value
In 2011, the global offshore engineering equipment orders has amounted to 69 billion RMB, an increase of 130% to 2010, which is a promising market prospect in the development of offshore oil and gas exploration, mining equipment field. May 7, 2012, the Ministry of Industry officially announced that
Noble Corporation announced that the Company has entered into a three-year term drilling contract with Anadarko Petroleum Corporation for the Noble Bob Douglas, one of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan
According to The Day, explorer Bob Ballard has commenced his last expeditions in the Black and Mediterranean seas. Along with his team of scientists, he has discovered more than 50 ancient shipwrecks and their cargo, explored undersea volcanoes, geological features and marine life, and even found a
UK scientists will measure the effect on the marine environment and wildlife of devices that harness tide and wave energy using sonar technology that has, for the first time, been successfully deployed on the seabed. Renewable energy from tidal currents can be generated using turbines in the tidal f
Ezra Holdings Limited a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, posted a strong 244% leap in net attributable profit (PATMI) to USS22.4 million for the third quarter ended 31 May 2012 (3Q FY12). Group revenue rose 61% year-o
Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, the BOP and marine riser were being pulled from seabed for repairs. Since the last report, diagnostic testing of the BOP has continued. This further function testing has narrowed the mechanical parts believed to be the root cause of t
In the ocean off the Pilbara and Kimberley coasts, a new array of moored buoys, ocean gliders and acoustic listening stations are busy gathering data for use by scientists, managers and decision makers. Part of the Western Australian Integrated Marine Observing System, these new measurements have co
TRIYARDS the fabrication arm of Ezra Holdings Limited, has clinched a new US$77 million order for a specialised offshore unit, strengthening its position in the Southeast Asian offshore engineering and fabrication market. The contract also adds to TRIYARDS’ fast growing order book. Jobs in hand incl
Cargotec has secured a substantial new contract from Norwegian company Kleven Maritime. Delivery includes a 400-tonne MacGregor active heave-compensated offshore crane with an outreach of 15m. A second smaller crane, which will have a safe working load of 100-tonnes at 9m outreach, is also included
Offshore Transmission Operator Transmission Capital Partners has contracted with Global Marine Systems Energy Ltd., the largest independent provider of subsea power cable installation, maintenance and related engineering services worldwide, to provide cable repair and maintenance services for the tr
Australian listed petroleum exploration company, FAR Ltd has successfully completed the data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. FAR’s L6 permit off the Kenya coast lies in the Lamu Basin
Marine scientists at the University of North Carolina at Chapel Hill have linked the decline in growth of Caribbean forereef corals — due to recent warming — to long-term trends in seawater temperature experienced by these corals located on the ocean-side of the reef. The research was conducted on t
Ocean Power Technologies, Inc., a leading wave energy technology company, and Lockheed Martin have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a
