Kraken Wins Deep-Sea Battery Contract with Ocean Infinity
Kraken Robotics said it has agreed a deal for Ocean Infinity to purchase $9 million of Kraken’s deep-sea batteries. According to the company, delivery dates are expected between Q4 2018 and Q4 2019. Kraken will arrange for these batteries to be built by Kraken Power, an entity in which Kraken currently holds […]
Eni Gets Nod for Amoca, Miztón and Tecoalli Developments
Mexico’s National Hydrocarbon Commission (CNH) has approved Eni’s Development Plan (PoD) for the discoveries of Amoca, Miztón and Tecoalli, located in Area 1 in the shallow waters of the Campeche Bay in Mexico. This achievement comes 32 months after Eni signed the Area 1 Production Sharing Contract (PSC), won in an international bid round, and […]
Add Energy Strengthens Team with VP Appointment
Add Energy, the international energy consultancy and software provider, has appointed Damon Bowler as vice president of its Asset and Integrity Management division. Dr Bowler will focus on driving the firm towards achieving its growth plans by overseeing the direction of the division, with a specific focus on Aberdeen. He will also […]
Bhagwan Marine Adds Two New Vessels to Its Fleet
Bhagwan Marine has expanded its fleet with two new DP2 vessels, the CMV Athos and the DP2 SeaMaster. The CMV Athos is a 65-meter ABS classed multi-purpose anchor handling tug supply (AHTS) vessel, and the DP2 SeaMaster is a 40-meter multi-purpose catamaran suited for in-field maintenance and repair duties including ROV, dive, safety standby, and accommodation […]
Fugro Loss Shrinks | Subsea World News
Dutch subsea and survey specialist Fugro has posted net loss of €40 million for the first half of 2018, against net loss of €96 million in 1H 2017. The company’s revenue on currency comparable basis increased close to 17 per cent from €774 million in 1H 2017 to €797 million in 1H […]
McDermott Hires Royal IHC for Amazon Modification
McDermott International has awarded Royal IHC a modification contract to convert its pipelay and construction vessel Amazon to an ultra-deepwater J-Lay vessel. The Amazon will be capable of installing hex-joints up to 60 centimeters in diameter on a worldwide basis. IHC will be responsible for the overall management of the modification project, from the design […]
McDermott Ups Earnings | Subsea World News
Houston-based McDermott has reported quarterly profit of $47 million, or $0.33 per diluted share, compared to $36 million, or $0.38 per diluted share in the second quarter of 2017. Adjusted net income for the second quarter was $59 million, with adjusted diluted earnings per share of $0.29. The company posted Q2 2018 […]
McDermott Bags Ayatsil Deal from PEMEX
McDermott has secured a sizeable contract award by PEMEX for subsea pipeline flowline installation in support of its Ayatsil field, located 50 miles northwest of Ciudad del Carmen in the Bay of Campeche offshore Mexico. According to McDermott, the sizeable contract has a value between USD 1 million and USD 50 million. The […]
KW Designed Pressure Testing Bays for Eaton MEDC
KW Designed Solutions has recently been awarded a project by Eaton’s MEDC for the supply of two pressure testing bays. KW Designed Solutions has been asked to produce two high volume, highly autonomous and visually impactful pressure testing rigs that will allow Eaton’s MEDC products to meet their certification requirements. The systems […]