Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
Rotech Subsea has completed a North Sea rock placement removal scope for a ‘major’ oil and gas offshore contractor. Rotech Subsea’s TRS2 controlled flow excavation (CFE) and suspended jet trenching tool mobilised from Aberdeen for the North Sea for the decommissioning scope in early September. The d
Australian marine survey company Guardian Geomatics will make its first contribution to the HydroScheme Industry Partnership Program (HIPP) by commencing work on the “Approaches to Newcastle” survey in December. The Port of Newcastle is an export port on the east coast of Australia and facilitates e
Forum Energy Technologies’ board of directors has approved a 1-for-20 reverse stock split of the company’s issued and outstanding shares of common stock, par value $0.01 per share. This accompanies a corresponding decrease in the Forum’s authorized shares of common stock, such that, following the co
Singapore-based engineering firm G8 Subsea has recently completed the landing and pull-in of the world’s first submarine cable for offshore solar power and data. The Northern cable landing, situated at Woodlands, Singapore will transmit data back to mainland with over 5MW of clean renewable energy b
Subsea services group Acteon has appointed Chris Johnston as group managing director of its global moorings and anchors business – InterMoor. Based i Houston, Johnston brings more than 35 years of industry experience from every major oil and gas basin. He recently served as a vice president at Valar
Solstad Offshore said that Petrobras has extended the current contract of RSV Far Saga for a period of one year and picked up another vessel for operations in Brazil. According to Oslo-listed Solstad, the contract starts on Friday, 30 October 2020. The Far Saga has been operating in Brazilian waters
Oceaneering has reported a net loss of $79.4 million on revenue of $440 million for the third quarter 2020. Adjusted net loss was $17.6 million, reflecting the impact of $68.7 million of pre-tax adjustments ($40 million impairment) and $6.3 million of discrete tax adjustments. Compared to a year-ago
The construction has kicked off on the world’s longest subsea road tunnel and the second Jiaozhou Bay tunnel in China. The launch ceremony took place in Qingdao’s West Coast New Area on October 29, bringing together leaders and experts from government, academia, as well as Qingdao Conson Development
The US National Science Foundation (NSF) has approved a $53 million grant to a consortium of the country’s top ocean-research institutions to build a global network of chemical and biological sensors that will monitor ocean health. Scientists at the Monterey Bay Aquarium Research Institute (MBARI),
Visser & Smit Hanab has secured a contract by Van Oord to perform inter-array cable termination and testing work at the Windpark Fryslân nearshore wind farm in the Netherlands. The routing, termination and testing activities will commence as soon as the cable installation starts. Visser & Smit Hanab
Chinese company SB Submarine Systems (SBSS) has completed sea trials and took delivery of Fu Yong 6 power cable installation and maintenance barge. The barge is on long-term charter from Zhoushan Yongbo Shipping. Earlier this month SBSS held the naming and delivery ceremony of Fu Yong 6 at Zhoushan
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
UK-based Tritech, a Moog company, has released its diver mounted display system (DMD) – the next generation of diver assisting sensors. The DMD offers divers vision in zero-visibility water by utilising sonar technology. The Tritech Gemini multibeam sonar is mounted on the diver’s mask or helmet and
