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Cal Dive

Cal Dive Sells Off its GofM Surface Diving Fleet

Image courtesy of Cal Dive

Cal Dive International says it has sold its U.S. Gulf of Mexico shallow water surface diving fleet to a privately held company for cash of US$18.5-million and a 19.9% minority interest in the entity acquiring the assets. Cal Dive explains that the assets sold are comprised of eight surface diving vessels and miscellaneous inventory and equipment and it anticipates recording a gain during the second quarter as a result of the transaction. Net proceeds from the sale were used to repay a portion of the Cal Dive’s revolving credit facility. The Company also entered into a multi-year alliance agreement with the buyer under which the buyer will have the exclusive right to provide any surface diving services required by Cal Dive in the U.S. Gulf of Mexico to support pipelay, decommissioning, platform installation and other integrated services. This transaction is part of the Company’s strategic plan to divest non-core assets, strengthen the balance sheet and pursue opportunities that enhance shareholder value. Quinn Hébert, Chairman, President and Chief Executive Officer of Cal Dive, stated, “This transaction is part of our ongoing efforts to concentrate our financial and other resources on key strategic initiatives. These include our U.S. Gulf of Mexico saturation diving, pipelay and decommissioning and salvage operations and our construction and diving services in key international markets such as Mexico, Australia, Southeast Asia and the North Sea


Cal Dive Completes Marco Polo and Gunnison Loan Facilities

Cal Dive International, Inc. announced that it has completed project financing to fund its share of the cost to construct production facilities at the Marco Polo and Gunnison Deepwater fields. Deepwater Gateway LLC, a joint venture owned by El Paso Energy Partners, L.P. and Cal Dive, has secured a $155 million commitment to fund 70 percent of the estimated total cost of the Marco Polo tension leg platform (TLP). As a 50% owner of Deepwater Gateway


CDI Installs First Reeled Riser In The Gulf Of Mexico

Houston-based Cal Dive International established another Gulf of Mexico first when it installed a reeled flowline/riser combination for Kerr-McGee in East High Island block A-379 in 350 ft. of water. Cal Dive utilized its newly established Pipe Spool Base at their Morgan City, Louisiana operational headquarters to: weld, x-ray, sand blast and coat 14,000 ft. of 4.5 in. 337 wall pipe with fusion bonded epoxy. The pipe was reeled directly onto an 28.2 ft


Horizon, Cal Dive Form Joint Venture

Horizon Offshore, Inc. has entered into a letter of intent with Cal Dive International, Inc. (CDI) to conduct reeled pipelay projects in deepwater areas of the U.S. Gulf of Mexico. The two companies will jointly fund construction of pipelay equipment to be used in conjunction with CDI's dynamically positioned (DP) vessel, the Sea Sorceress, currently undergoing conversion. In addition, Horizon will construct a pipe spooling facility at its Port Arthur, Texas, shore base


Cal Dive International Buys Canyon Offshore

Cal Dive International has acquired 85 percent of outstanding Canyon Offshore shares, with the remaining 15 percent to be acquired over the next three years. The acquisition, which is subject to the customary Hart Scott Rodino filing, is expected to close before year-end. Owen Kratz, Chairman and Chief Executive Officer of Cal Dive, stated, "As marine construction support in the Gulf of Mexico moves to deeper and deeper waters, ROV systems will play an increasingly important role."


America's First Offshore Windfarm – Contractors Chosen

Cape Wind selects construction joint venture team to build first US offshore windfarm Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Cape Wind President Jim Gordon said, “We are confident this is the right team with the best skills and capabilities to successfully build Cape Wind and create


Helix Receives LOI for Reliance Project in India

Helix Energy Solutions Group, Inc. has executed a letter of intent with Allseas Marine Contractors S.A. for the installation of the subsea infrastructure in connection with Allseas' engineering, procurement, installation and construction of Reliance Industries Ltd.'s Dhirubhai gas field development project in the Krishna Godavari Basin in the Bay of Bengal. Helix plans to use its deepwater construction vessel Express and its dive support vessel Eclipse on this project


MODEC Awarded TLP for Anadarko Field

MODEC International LLC has entered into a letter of intent with El Paso Energy Partners, L.P. for the engineering, procurement and construction of the hull, mooring and production riser system for the world’s deepest tension leg platform (TLP). The TLP is expected to be owned by EPN and Cal Dive International, Inc. and is planned to serve as a production hub at Green Canyon 608 in the Gulf of Mexico initially for Anadarko Petroleum Corporation’s Marco Polo field discovery


Bibby Subsea Expands in Houston

Andrew Duncan

As part of its continuing global growth strategy, subsea installation contractor Bibby Offshore has announced the opening of a new division and international base in Houston. The company, that also has bases in Aberdeen, Liverpool, Singapore and Trinidad, has initially invested over £3million into the new division, Bibby Subsea Inc.  As part of the expansion plan, Andrew Duncan will relocate to Houston, from his existing position of business and commercial director at the


Cal Dive Cuts Losses In Q4 2013

Image courtesy of Cal Dive

Houston-based Cal Dive International, Inc. generated a loss for the fourth quarter 2013 of $0.5 million, or $0.01 per diluted share, which compared with a loss in the fourth quarter of the previous year of $19.1 million, or $0.21 per diluted share. Commenting on the results, Cal Dive’s Chairman, President and Chief Executive Officer, Quinn Hébert, stated: “As expected the fourth quarter was our best quarter of the year due to the ramp up in offshore work in Mexico


Harkand Haldane DP3 Dive Support Vessel: A New Wave of DSV

Atlantis and DaVinci web.jpg

The Harkand Haldane is a DP3 dive support vessel currently being designed and built in Europe to reduce downtime in the North Sea’s winter marginal weather months. Along with its well-equipped and logically planned layout, Harkand’s clients looking for increased efficiency to maximize


USCG Establishes Diver Specialty

The Coast Guard diver rating and specialty was established Wednesday. Coast Guard members recognized as DV or DIV were presented a personalized certificate..jpg

  The Coast Guard announced Wednesday the establishment of the diver enlisted rating and corresponding chief warrant officer specialty. About 50 enlisted personnel and three chief warrant officers will initially transition to the Diver (DV) rating and Diving (DIV) specialty, respectively


Royal IHC, Dräger Join Forces

Royal IHC and Dräger have joined forces to offer the market a single source for fully integrated Diving Support Vessels.   The initial focus will lie on the market segment of vessels with automated, 18-person, twin bell saturation diving systems


Purpose-built Daughter Craft Delivered to Aberdeen

Unique Groups UK Managing Director, Ray Hughes, handing the Vaila over to Vertechs UK Managing Director, John Marsden (Photo: Unique Group)

Unique Group, an integrated turnkey subsea and offshore solution provider, has now delivered two new dive systems and a diving vessel worth around £5 million to global services provider, Vertech.   The Hydracraft 1500 Daughter Craft vessel, named the Vaila


US Navy Using Advanced Equipment in AirAsia Search

The littoral combat ship USS Fort Worth (LCS 3) operates near the location where the tail of AirAsia Flight QZ8501l was discovered. Fort Worth is currently supporting Indonesian-led efforts to locate the downed aircraft. (U.S. Navy photo by P. Turretto Ramos)

An eight-member team from Mobile Diving and Salvage Unit (MDSU) 1 onboard USS Fort Worth (LCS 3) is supporting the ongoing Indonesian-led search effort for AirAsia flight QZ8501 with advanced Tow Fish side scan sonar systems capable of providing high-resolution images of the ocean floor.  


N-Sea, Siem Offshore Extend Charter Agreement

Siem N-Sea (Photo courtesy of N-Sea)

Inspection, maintenance and repair (IMR) specialist N-Sea has extended its charter agreement with Siem Offshore following three years of operations. The renewed agreement, concerning Siem Offshore’s offshore subsea construction vessel, Siem N-Sea (previously Siem Stork)


Divers Monitor HMS A7 Using Underwater Thickness Gauge

Cygnus DIVE underwater thickness gauge used to inspect the hull of HMS A7 submarine (photo courtesy of The SHIPS Project)

Underwater thickness gauge enables divers to monitor conditions of sunken submarine   A team of divers from the A7 Project have measured the metal thickness of the sunken HMS A7 submarine using a Cygnus DIVE underwater ultrasonic thickness gauge


Tauber Oil Opens West Calcasieu Port Operations

Photo: West Calcasieu Port

Tauber Oil Company of Houston has become the West Calcasieu Port’s newest tenant.    “Tauber Oil is a service-oriented wholesale energy marketing company with a reputation for reliable performance and untarnished character,” said Lynn Hohensee, port director


New Dive Support Vessel for N-sea

The Edradour, with sister vessel the Aberlour (Photo courtesy of N-Sea)

N-Sea has launched its third diving support vessel, the Edradour, representing a $2.2 million investment for the company to be immediately utilized in its inspection, maintenance and repair (IMR) operations in the North Sea, as well as in Holland and Germany.


Dive Inspection Continues on Lysblink Seaways

Photo: MCA

The dive inspection on behalf of the salvors will continue today on the cargo ship Lysblink Seaways that ran aground Wednesday near Ardnamurchan Point in the west Highlands, and is now anchored close to the location of the grounding, the U.K. Maritime and Coastguard Agency (MCA) reported.  


Dive Support Vessel Delivered

Sistac Victoria (Photo: Incat Crowther)

Sistac Victoria, a purpose-built RINA-classed, DP-2 monohull dive support vessel intended for service in Brazilian offshore waters has been delivered to Sistac Sistemas De Acesso S.A.. The vessel was designed by Incat Crowther in collaboration with the vessel’s builder


NAVSEA Conducts Flyaway Saturation Dive Training

U.S. Navys 40 saturation divers. Courtesy USN

For the U.S. Navy's 40 saturation divers, requalification on the Fly Away Saturation Diving System (SATFAD) here this week ensures the Navy retains its deep water recovery capability.   The Sailors train on the SATFAD system three to four times a year to retain their qualifications on the


Navy Develops Prototype for Diver Life Support

U.S. Navy photo by Anthony Powers

Scientists at Naval Surface Warfare Center Panama City (NSWC PC) have developed a prototype for a new life support system for divers, the U.S. Navy announced.    According to the Navy, the goal of the new system is to accelerate the deployment of Navy divers


The New Reality: Investment in Maritime Simulation Surges

Resolve Marine Group (Photo: Resolve)

The proliferation of increasingly sophisticated and realistic maritime simulation facilities is taking the market by storm, with investment globally to train new and old mariners alike to exacting new standards.   “Simulation technology has continued on a more or less steadily upward


NOAA to Explore Depths of Caribbean Sea

Okeanos Explorers dual-body ROV system is loaded from the aftdeck of the ship into the water before conducting an exploration dive. (Credit: NOAA)

Public can watch seafloor discoveries live online April 9-30. Beginning April 9, scientists aboard NOAA Ship Okeanos Explorer will begin a series of 20 dives to investigate previously unseen depths of the Caribbean Sea and Atlantic Ocean – and the public can follow along online.






 
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