Hunting Snaps Up RTI Energy Systems
Energy services group Hunting has completed the acquisition of the business and assets of RTI Energy Systems, an operating subsidiary of Arconic, for a total cash consideration of US$12.5m. The consideration payable has been funded from Hunting’s existing cash resources. RTIES is a manufacturer of production riser technologies for deep water applications […]
Cellula Robotics Gears for Solus-LR UUV Trials
Canadian company Cellula Robotics said that its long-range unmanned underwater vehicle (UUV) is ready to start factory integration testing. In November last year, Cellula was given a go-ahead for the phase 3 contract by Public Services and Procurement Canada, on behalf of the Department of National Defence’s (DND) science and technology organization, […]
SeaBird Sinks Deeper on Project Delays
Oslo-listed SeaBird has seen its quarterly loss widened for the period ended June 30, 2019 as revenues picking up was offset by higher costs and delays on two previously announced seismic acquisition campaigns. The seismic data provider for oil and gas companies posted loss of around $6.6 million for the second quarter […]
Heerema Taps Balltec for North Sea Decom Project
Balltec has recently been awarded a contract by Heerema Marine Contractors (HMC) for work on the decommissioning and removal of a large platform with conductors in the North Sea. Balltec’s scope of supply comprises 18 of its LiftLOK ball and taper lifting connectors. The connectors will be used for the lifting of […]
Rosenberg Worley Inks Vår Energi EPCI Deal
Vår Energi has awarded an EPCI (engineering, procurement, construction and installation) contract to Rosenberg Worley in Stavanger, Norway. The contract encompasses the lifetime extension of the Jotun floating production storage and offloading vessel (FPSO), enabling oil and gas production from the Balder field until 2045. A large proportion of the contract value is expected to […]
Oceaneering Gets Lundin Wellhead Removal Job
Oceaneering has secured a contract from Lundin Norway covering the removal of the Jorvik subsea well in Norway, with options for additional wells. The removal project, which is part of an ongoing rig chase multi-client campaign, is expected to begin this fall and take 3-4 weeks to complete. Contract management is a […]
JFD Adds Dutch Submersibles Maker Ortega
JFD, part of James Fisher and Sons, has acquired all the assets, IP and designs rights of Ortega Submersibles, the Netherlands-based submersible boat designer and manufacturer. The acquisition will enable JFD to expand further its offering of advanced Swimmer Delivery Vehicles (SDVs) and to develop new vehicles and capabilities in order to […]
Kraken Delivers Its ThunderFish AUV to DRDC
Kraken Robotics has delivered its ThunderFish 300 autonomous underwater vehicle (AUV) to its test partner, Defense Research and Development Canada (DRDC) in Halifax, Nova Scotia. Final sea acceptance testing was completed on August 8. The delivery to DRDC was facilitated by a $1 million contract award under the Canadian government’s Build in […]