Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, announced that it has completed the design and has begun construction of a 3,200 metric ton Carousel System, which is scheduled for completion early in the third quarter of 2010. Upon completion the Carousel System will be located in the Gulf Coast, to facilitate the handling of umbilicals from transportation vessels onto the Carousel, and with the ability to store up to three separate steel tube umbilicals for projects in the region.
Ocean Installer appointed Michael Newbury as President for its U.S. office, located in Houston, Texas. The office has been established to cater for projects run out of the US. Entering his new position in April 2013, Michael Newbury brings with him managerial experience and track record from the U.S. subsea industry. He comes from a position as Vice President for Operations and Business Development with the U.S.-based subsea contractor Deep Down, Inc. and has senior experience from the U.S
The oil and gas expanded the offshore drilling frontier in the Gulf of Mexico. Already one of the most explored basins in the world, the Gulf of Mexico’s deepest hydrocarbon deposits will be auctioned off later this year, the result of political maneuvering in the waning moments of the last Congress. This new area will attract interest from companies with deep pockets and lots of patience, according to industry experts.
Statoil is the first operator in the U.S. Gulf of Mexico to adopt the Riserless Mud Recovery (RMR) system that reduces discharges to sea. This environmentally sensitive drilling solution has been used on the Discoverer Americas drill ship on the Statoil-operated Krakatoa prospect. "The RMR system allows us to circulate the mud, reducing the total mud consumption and discharges to sea to a quarter of the amount compared with conventional methods
ROV cable, umbilicals & tether designs showcased by Nexans at Oceanology 2012 Show Nexans, a worldwide expert in the cable industry, is at Oceanology 2012 to promote its wide range of cable solutions developed to meet the specific needs of workclass ROV manufacturers and operators. Nexans’ specialized ROV cable manufacturing facility in Norway can produce steel armoured umbilicals for vehicles commonly used for trenching, ploughing
Lerwick's importance as a gateway for Shetland’s communities and industries is underlined by an increase in passenger traffic, cargo handled and fish landed in 2014. Passengers were up 11.8% to 179,352, with numbers on the roll-on/roll-off nightly ferries between the port and Kirkwall and Aberdeen increased by 2% to 135,629 compared with the previous year, despite the two vessels being off-route in sequence for a total five weeks for biennial servicing
Russian mini-submarines from the same class of a craft that was involved in a tense rescue operation at the bottom of the Pacific last year will be upgraded with new foreign-made equipment. Tenders would be held to give AS-28 mini-subs a radical overhaul using foreign-made submarine equipment and mobile systems based on Britain's Panther Command and Liaison Vehicle. The efforts follow an incident in the Bering Sea last August
The dockwise vessel M.V. Mighty Servant I is currently docked and preparing its deck to load the oil rig MODU Ocean Rover. The M.V. Mighty Servant I, a semi-submersible heavy lift vessel, will shift to Port Freeport’s deep-berthing area and ballast down to a depth that will allow the rig to float onto the deck of the ship. The rig arrived on November 18th at 11:45 a.m. and moored next to the monopiles at the deep water berth
By Naval Sea Systems Command Office of Corporate Communications Naval Sea System Command's (NAVSEA) Supervisor of Salvage and Diving (SUPSALV) performed an aircraft search and recovery of an EA-6B "Prowler," Aug. 17-20 near Guam. The recovery utilized the Navy's Remotely Operated Vehicle (ROV) "Deep Drone" operating from the Military Sealift Command's USNS Salvor (T-ARS 52). The EA-6B crashed into the Pacific Ocean in 6,500 feet of water Feb
Aberdeen-based Deep Casing Tools, completes first operation of its 'Turbocaser' in the Norwegian North Sea, with a successful 21 hour reaming run. The Turbocaser™ Express is a high-speed drillable reaming system that enables drilling teams to land casings and intermediate liners at target depth first time. Two conventional attempts to run a 7” liner to total depth (TD) had been unsuccessful in the Statoil operated Gullfaks’ satellite well
AWI researchers’ unique 15-year observation series reveals how sensitive marine ecosystems in polar regions are to change The warming of arctic waters in the wake of climate change is likely to produce radical changes in the marine habitats of the High North
BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday. The firm posted third-quarter earnings before interest, taxes and depreciation and amortisation of $174 million against
Deep Green, an underwater kite construction from the Swedish company Minesto, is set to be deployed in 2017 at the Holyhead Deep site off the coast of Anglesey, Wales. Delivering a customized turbine solution in 2016 for the underwater power plant project will be SCHOTTEL HYDRO
Purpose-built oceanographic research and survey vessel New Horizon has been sold from the Scripps Institute of Oceanography to private interests, announced ship broker Marcon International, Inc. New Horizon will continue to work under her new ownership as a U.S
DP World London Gateway and UPS today announced plans to build a new 32,000 square metre package sorting and delivery facility at the logistics site in the south east of England. At close to £120 Million, the project is one of UPS’s largest infrastructure investments outside of
Shipments of iron ore on the Great Lakes totaled 5.3 million tons in October, a decrease of 23 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). Shipments were down 9 percent from the month’s five-year average.
Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk qoted by Bloomberg as saying: "We believe that global growth is slowing down. Trade is currently significantly weaker than it normally would be under the growth forecasts we see"
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected. The Danish shipping giant said on Friday that lower oil prices and lower
Petronas has laid keel for its second floating liquefaction plant, Petronas Floating LNG2 (PFLNG2), in Geoje Island, South Korea. Petronas, together with JGC Group and Samsung Heavy Industries (SHI), the consortium leading the engineering, procurement, construction
Singapore-listed Vard Holding sank deeper into the red as third-quarter losses widened to S$80.2 million. The losses were attributed to the dual challenge of a severe cyclical downturn in its core market, and managing the turnaround of its Brazilian operations.
Gulf Island Marine Fabricators has recently delivered a new drydock named the J.B. Barthelemy to FMT Shipyard and Repair. The new drydock, which is 180 feet long and 73 feet wide with 63-foot clearance between the wingwalls, seven-foot deep pontoon with 18-foot high wing walls, has a 2
Germany’s largest universal port reported the effects of weakened Chinese foreign trade plus the steep downturn in trade with Russia during the first nine months of the year. Totaling 104.6 million tons, seaborne cargo throughput in Hamburg was down 4
Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next week as Brazil's Samarco iron ore mine disaster and uncertain ore demand from China weigh on cargo volumes, brokers said.
A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade. Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered
France's CMA CGM, the world's third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits. The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk