McDermott Strikes Restructuring Deal; Files for Chapter 11 Bankruptcy
McDermott said it has secured the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. The restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession […]
Fugro and DIMAR Wrap Up Caribbean Sea Seep Hunting Study
Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea. The study involved shallow water seabed sediment coring, geochemical analyses, and seabed heat flow measurements. Fugro also provided classroom and vessel-based training to […]
Nokia, Angola Cables Trial First USA – Africa Direct Optical Link
Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa. The route provides direct, low-latency trans-Atlantic routing and simplifies the turn-up of services to better serve data consumption markets in Africa. Subsea fiber-optic cables form the backbone of the […]
RTI Selects Equinix to Extend Connectivity Solutions
Equinix IBX data centers have been selected by RTI Connectivity (RTI) to extend its connectivity solutions in Tokyo, Japan, and Sydney, Australia. RTI’s transpacific submarine cable systems are the newest secure long-haul routes interconnecting the Asia-Pacific region and Australia via Guam. RTI selected Equinix IBX data centers due to the company’s expertise […]
PEACE Submarine Cable Extends to Southern Africa
PCCW Global and PEACE Cable International Network will cooperate on the PEACE South extension of the Pakistan East Africa Connecting Europe (PEACE) submarine cable system. This cooperation positions PEACE as a major cable system to head south from the Europe-Asia route, in a move that will deliver connectivity to the entire southern African region. The […]
Telxius BRUSA Cable Achieves 160 Tbps with Ciena’s WaveLogic 5
Telxius’ BRUSA submarine cable has reached record 550 Gbps single-wavelength channel speeds during an advanced trial leveraging Ciena’s WaveLogic 5 Extreme (WL5e) coherent optical solution. In addition, a commercially deployable solution for a total capacity of more than 20 Tbps on a single fiber pair was verified. With WaveLogic 5 Extreme, the […]
STATS Delivers Pipeline Isolation Campaign in Malaysia
Pipeline technology specialist STATS has wrapped up a six-month pipeline isolation campaign offshore and onshore Malaysia. The work covered 12 pipeline isolations on behalf of partner Handal Energy for a major operator in Malaysia, and is said to be the largest integrated campaign undertaken by STATS in the region. All workscopes featured […]
DARE1 Subsea Cable Lands in Djibouti
Djibouti Africa Regional Express 1 (DARE1) submarine cable system has landed in La Siesta Beach (Djibouti) and the marine installation is underway. The cable is being developed by Djibouti Telecom, Somtel, Telkom Kenya and SubCom. In addition to the installation of the trunk, the installation of the two branch legs to the […]
Hellenic Cables Wins Mayflower Wind Inter-Array Job
Hellenic Cables has secured an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US and EDPR Offshore North America. The offshore wind project was selected by the Commonwealth of Massachusetts to supply 804 MW of renewable energy within […]
Kraken Finalizes Contract for OceanVision Project
Kraken Robotics has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners, Petroleum Research Newfoundland and Labrador, Ocean Choice International and Nunavut Fisheries Association. OceanVision is a three-year, $18.8 million, project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data […]