Akastor Takes Over AGR through First Geo Merger Deal
Akastor has entered into agreements with AGR stakeholders to combine its First Geo business unit with AGR. The Transaction will be carried out primarily as an asset deal, whereby assets in the current AGR legal structure and three legal entities will, together with First Geo, be transferred to a new legal structure, which in turn […]
Green Light for Magseis – Fairfield Deal
Norwegian seabed seismic services player Magseis has gained competition clearance from the Federal Trade Commission and the Antitrust Division of the United States Department of Justice to acquire the Seismic Technologies business from Fairfield. The acquisition comprises data acquisition, nodal and system sale & rental activities including all shares in Fairfield’s wholly […]
DSME to Build Submarine Rescue Vessel for ROK Navy
Daewoo Shipbuilding & Marine Engineering (DSME) said it has secured a contract to design and construct a submarine rescue vessel for the Republic of Korea Navy. The contract is valued at approximately 444 billion Korean won ($395 million). The new submarine rescue vessel will be equipped with the latest diving system capable […]
Troll 3 Gets Go Ahead
Equinor has been given the green light by the Norwegian Ministry of Petroleum and Energy for the Troll Phase 3 development. According to Equinor, the capex of NOK 7.8 billion should help extend the productive life of the Troll field beyond 2050. Since it came on stream in 1995 the Troll oil & gas field […]
Nexans Establishes Cable IMR Team
Cabling specialist Nexans has set up a dedicated team for inspection, maintenance and repair (IMR) services. The new IMR team can support customers worldwide with emergency response, a 24/7 hotline and fast-track mobilization. “Nexans has an impressive toolbox when it comes to IMR. We can offer a full scope of IMR services […]
LMG Marin Vessel Design for Norwegian Institute of Marine Research
LMG Marin has secured a contract to design a new coastal research vessel for the Norwegian Institute of Marine Research. The design contract was recently signed with the Institute of Marine Research (Havforskningsinstituttet) on board their recent newbuild “Kronprins Haakon”. “We are very pleased to have the Institute of Marine Research as […]
StrataNet Partners with PacketFabric to Expand Network Coverage
PacketFabric has selected subsea fibre-optic network operator StrataNet to provide secure, private intra-Asia capacity, extending its disruptive Software-defined Network (SDN) platform into Asia. This strategic partnership should enable PacketFabric to reach the Asian continent, making PacketFabric’s network-as-a-service platform accessible throughout StrataNet’s intra-Asia locations. In addition, StrataNet will gain instant access to 19 […]
Polarcus and PGS in OZ Patent Clash
Seismic player Polarcus said it has accepted service of court proceedings filed by PGS Australia relating to the acquisition of seismic data on 3 surveys in Australia and the processing of that data. According to the company, these proceedings follow 3 years of intermittent correspondence from PGS in response to which Polarcus, […]
McLane Sampler Goes Deeper | Subsea World News
McLane Research Laboratories has introduced a new a 7,000-meter deep option for its large volume water transfer system (WTS-LV) samplers. The WTS-LV Deep option is available on the Standard, Dual Filter, and High Capacity WTS-LV models, and can also be retrofit to existing WTS-LV systems. “The LV Deep option provides 35% greater […]
COES Strengthens Presence in Scotland
China Ocean Engineering Shanghai (COES), a state-owned marine and offshore engineering services group, has opened the office of its first UK subsidiary – COES Caledonia (UK) Limited, located in Dundee. The move aims to broaden the company’s international reach and support the growing offshore decommissioning and renewables sector in the UK and Europe. The North […]