McDermott, CB&I Agree Combined Company’s Name
McDermott International and CB&I have informed that, following the closing of the combination of the two companies, the combined company intends to retain the name McDermott. “The name McDermott provides a strong foundation for the combined company and a platform on which we can build our future together,” said David Dickson, McDermott president and CEO, who will […]
Atlantis Proposes Normandy Tidal Site Development
Atlantis Resources has submitted a strategic plan to the government for the development of a tidal installation site at Raz Blanchard in Normandy, which would provide 1 GW of energy by 2025. If the project is successful, Atlantis expects this site to become the largest tidal power project, the company said. According to the Atlantis study, the Raz […]
Bourbon Gets Approval for Bond Payment Delay by One Year
French vessel owner and offshore services provider Bourbon has received approval from bondholders to postpone its next interest payment of €3.9 million by one year. The company has earlier initiated discussions with its main financial partners, both in France and abroad, in order to balance the servicing of its debt with the expected gradual market […]
DeepOcean Buys Delta SubSea to Expand US Presence
DeepOcean has acquired Delta SubSea and expanded its presence into the US Gulf of Mexico. Delta SubSea is the provider of inspection maintenance and repair (IMR) and light construction services with a strong focus on the US Gulf of Mexico (GoM), with international operations such as West Africa, Trinidad & Tobago and Guyana. The company owns and operates […]
Centrale Nantes Welcomes SEAc Project to Its SEM-REV Test Site
Centrale Nantes has installed a demonstrator, part of the Acoustics of the SEA (SEAc) project developed by Nereis Environnement, which aims to characterize underwater ambient noise on its offshore test site SEM-REV. The project, to monitor the environment of a Marine Renewable Energy (MRE) production site, required the installation of an autonomous tool for recording underwater […]
Fugro Assists NORI in Subsea Mining
Fugro has started its first project supporting deep sea polymetallic nodule mining under a contract awarded by seafloor mineral exploration company Nauru Ocean Resources (NORI), a subsidiary of DeepGreen Metals. The project will advance NORI’s polymetallic nodule project in the eastern Pacific Ocean. Polymetallic nodules are potato-sized concretions enriched in nickel, copper and cobalt. These nodules also contain metals and non-metals important […]
McDermott Rejects Subsea 7 Takeover Proposal
McDermott International has rejected Subsea 7’s offer to takeover the company. Subsea 7 has, on Tuesday (April 17, 2018), made a proposal to acquire the entire issued share capital of McDermott for USD 7.00 per share, payable entirely in cash or up to 50% in Subsea 7 stock and the balance in cash. The proposal represents […]
OEE and Copernicus Marine Service Join Forces
Ocean Energy Europe and Copernicus Marine Service have launched their new partnership to help European ocean energy companies create export market opportunities. Copernicus Marine Service uses the Copernicus satellite network to generate data on seas and oceans. The partnership will improve access to this data for the ocean energy industry, with a strong focus on […]
Hydro Group Recognized with Queen’s Award for Enterprise
Hydro Group, a subsea cable and connector specialist, has received Queen’s Award for Enterprise: International Trade. Open to almost all UK-based businesses, the International Trade category recognizes those who have demonstrated substantial interntional growth in overseas earnings and commercial success within their sector. Hydro Group managing director Doug Whyte said: “Since inception, investing in the […]