DOF Subsea Shrinks Quarterly Loss
DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of NOK 30 million ($3.2 million), compared to loss of NOK 458 million ($49.1 million) in the corresponding period in 2018. Full-year result for 2019 came out negative, with loss of NOK 1.13 billion ($120 million), […]
Aleron Welcomes New Strategic Business Adviser
Aleron Group has made another strategic appointment as the company welcomes David Currie to the team. David Currie joins Aleron Group as the strategic business adviser. He will be driving the growth of Aleron over the next few years. The appointment of David comes just few months after the appointment of John […]
Hawaiki Strikes New Capacity Deal with REANNZ
Hawaiki Submarine Cable and Research and Education Advanced Network New Zealand have signed an agreement to provide the country’s peak research network with a crucial boost in international cable capacity and resiliency. REANNZ was an anchor tenant for the Hawaiki Transpacific Cable – launched for commercial service mid-2018. Its network allows researchers […]
Deep Down Grabs Shell Contract in Gulf of Mexico
Deep Down has received an order from Shell Offshore for work related to its Whale development in the U.S. Gulf of Mexico. The order includes the design, engineering and manufacturing of a Riser Isolation Valve (RIV) control system as well as other subsea production equipment. The RIV control system will be installed […]
Wintershall Noordzee Begins Sillimanite Gas Production
Wintershall Noordzee has started gas production from its operated Sillimanite field, located approximately 200 kilometers off the coast of Den Helder. Sillimanite is the unitized gas field that stretches across the UK and the Dutch Continental Shelves. “With first gas from Sillimanite we once more underline our ability to successfully explore for […]
JFD Gets Royal Australian Navy Contract Extension
James Fisher and Sons’ Perth based business, JFD Australia, has signed a four year contract extension, worth circa £35 million, to supply its submarine escape and rescue system to the Royal Australian Navy (RAN). The contract will run until December 2023 with an option to further extend to November 2024. This contract […]
Kongsberg HUGIN AUV for Indian National Institute of Ocean Technology
Kongsberg Maritime has signed a contract for the sale of HUGIN AUV system to the Indian National Institute of Ocean Technology (NIOT), in Chennai, India. This sale has been conducted in collaboration with Kongsberg Maritime India, a subsidiary of Kongsberg Maritime. The HUGIN AUV System ordered by NIOT is rated to a […]
Hunting Buys Enpro Subsea | Subsea World News
Energy services group Hunting has acquired Enpro Subsea from members of the Enpro management team and Energy Ventures Private Equity for a total consideration of $33 million. The deal also has a potential maximum earn out of $3.0 million based on EBITDA performance in 2020. The Aberdeen-based business,with subsidiaries in Ghana, Norway […]
EMGS Chairman Resigns | Subsea World News
Oslo-listed Electromagnetic Geoservices (EMGS) said that Johan Kr Mikkelsen has resigned from his position as chairman of the board for personal reasons. Mikkelsen’s resignation, who joined the board of directors of EMGS in 2014, and assumed the position of chairman in 2019, is effective immediately. EMGS has appointed Petteri Soininen as the […]
EU Gives €2M to Provide Info on Fishery and Aquaculture Sectors
The European Union, under the Horizon 2020 programme, has granted €2 million to provide information services that offer high resolution water quality and met-ocean indicators in coastal and nearshore areas. The FORCOAST (Earth Observation Services for Wild Fisheries, Oysterground Restoration and Bivalve Mariculture along European Coasts) project’s goal is to improve operation, […]