Kongsberg Taking Over Rolls-Royce Commercial Marine
Kongsberg has entered into agreement with Rolls-Royce to acquire Rolls-Royce Commercial Marine. The transaction is structured as an acquisition by Kongsberg of the marine products, systems and aftermarket services businesses carried out by subsidiaries of Rolls-Royce. The transaction does not include Bergen Engines nor Rolls-Royce’s Naval Business. The parties have agreed a value of GBP […]
Turret Buoy for Aoka Mizu FPSO En Route to Lancaster Field
A turret buoy mooring system has left Lerwick Harbour en route to the Hurricane Energy’s Lancaster field, west of Shetland. The turret buoy was delivered to Lerwick from Dubai on board the Jumbo Kinetic which berthed at Mair’s Pier East in mid-June to lift the system from its deck into the water. The buoy […]
ROVOP Eyes Further Growth | Subsea World News
ROVOP said it has marked a major business achievement after reporting record revenues and employee numbers for the company. The independent ROV operator has also reported its best ever EBITDA. ROVOP last year boosted its turnover by 39% to £19.7m, despite very challenging market conditions and continued pricing pressure, while its EBITDA increased 50% from […]
SeaBird, MCG in 2D Campaign on Norwegian Continental Shelf
SeaBird Exploration has signed a partnership agreement with MultiClient Geophysical (MCG) to conduct a 6,000km multi-client 2D deep imaging campaign on the Norwegian Continental Shelf, including cross-border lines to UKCS. The acquiring vessel will tow a single 12,000-meter streamer with a powerful source, to image the oceanic and continental crust, for new […]
Ocean Infinity Takes Island Pride on Long-Term Charter
Ocean Infinity said it has agreed a seven-year contract with Island Offshore for Island Pride. The vessel should expand Ocean Infinity’s platform for AUV data acquisition and analysis, and support a variety of operations globally. Island Pride is a multi-functional subsea support and construction vessel of UT 737 design, 103 meters in […]
NEC to Build Bay to Bay Express Cable System
NEC Corporation has secured a contract to build the Bay to Bay Express Cable System (BtoBE) connecting Singapore, Hong Kong and the United States. The contact was awarded by the Bay to Bay Express Cable System (BtoBE) consortium, composed of China Mobile International, Facebook and Amazon Web Services. BtoBE, featuring multiple pairs […]
TGS Marks Revenues Boost | Subsea World News
Geophysical contractor TGS has said that based on preliminary reporting from its operating units, the company expects net revenues for the second quarter of 2018 to be approximately USD 158 million. This result is close to 50 per cent higher than Q2 2017. “Our strong Q2 revenue performance, driven by late sales […]