Boskalis Scales Back Holding in Fugro
Royal Boskalis Westminster N.V. announces that it has reduced its holding in Fugro N.V., an integrator of geotechnical, survey, subsea and geosciences services. Boskalis’ holding in Fugro now stands at 24.9 percent.
Subsea Industries Opens UK Office
Subsea Industries has strengthened its presence in the U.K.’s maritime and renewable energy sectors with opening up of a dedicated marine and offshore coatings office in the U.K. and the appointment of coatings specialist Mark Woods as its U.K.-based technical representative. The new office forms part of Subsea Industries’ wider growth strategy to meet increased demand for the company’s award-winning non-toxic hard coatings. As accounting manager, Woods will head up Chelmsford-based Subsea Industries U.K., with responsibility for sales growth across the company’s complete portfolio of marine coatings. However, the company is actively recruiting sales representatives for other locations.
T&T Subsea: A Veteran’s Day Mission
On Veteran’s Day this year, T&T Subsea divers worked to help save the Battleship Texas, the over 100-year-old U.S. naval vessel and historic landmark ship of Texas launched in 1912 that fought in both World Wars. T&T Subsea, the Teichman Group’s dedicated commercial diving company, was founded by U.S. Army veteran and salvage industry legend Rudy Teichman. Today, the T&T Subsea team consists of U.S. military veterans and divers from the U.S. Marines, U.S. Navy and U.S. Coast Guard with over 60-years combined military service.
Bibby Offshore wins Shell Contract
Bibby Offshore won a contract with Shell, due to commence in Q1 2017, that will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea. Bibby Offshore is contracted to use utilize its multipurpose dive support and offshore construction vessel - Bibby Polaris - and its integral 1000 ton basket carousel to lay flexible pipe systems in water depths of approximately 95m. The company has also collaborated with a third party operator who will carry out trenching operations after the initial workscope is complete.
DOF Subsea to Launch AUV Service
Integrated subsea services provider DOF Subsea will stage the European launch of a new addition to its suite of services next week. During the Ocean Business event at the National Oceanography Centre in Southampton, U.K. from April 14-16, the company will showcase its newest service, utilizing three Slocum Gliders, named the DOF Skandi Explorers, a technology which has previously only been seen in academic and defense circles. The new glider equipment is described as a cornerstone of the company’s Ocean Observation System (OOS) due to its ultra-efficient…
Hydro Group Reports International Growth
Aberdeen-based Hydro Group Plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, sets sights on further international growth with opening of new Singapore office. Singapore currently represents Hydro Group’s second largest export market, with the Group identifying more than £1million of potential sales in the region per year. The new office will support Hydro Group’s increasing presence in Southeast Asia and offer its range of subsea optical cables…
Unique Hydra Signs Agency Agreement with EIVA
Unique Hydra, a Unique Maritime Group Company, an integrated turnkey subsea and offshore solution provider, recently signed an agency agreement with EIVA to represent its products and services in the southern part of Africa. Based in Cape Town, South Africa, Unique Hydra is a manufacturer and supplier of marine and diving equipment to the oil and gas industry. Unique Hydra personnel have substantial experience in marine engineering, hyperbaric, military defense, aerospace, nuclear and chemical engineering.
Former US Navy Official Sentenced for Bribery
A former supervisory contracting officer was sentenced to 72 months in prison today for accepting bribe payments in exchange for steering U.S. Navy contracts to the president and chief executive officer of a defense contractor. Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Laura E. Duffy of the Southern District of California, Director Andrew L. Traver of the Naval Criminal Investigative Service (NCIS) and Director Dermot F. O’Reilly of the Defense Criminal Investigative Service (DCIS) made the announcement. Paul Simpkins, 62, of Haymarket, Va., was sentenced by U.S. District Judge Janis L.
Fugro's Shares Sink after Boskalis Trims Holding
Shares in Dutch deep-sea prospector Fugro fell 4.5 percent on Monday after larger rival Boskalis announced that it had trimmed its holding in the company. A statement from dredging and marine engineering company Boskalis said that its holding in Fugro now stands at 24.9 percent. Boskalis had built a stake of as much as 28.6 percent at the end of 2015 in what was widely seen as a first step towards buying Fugro. Boskalis also took Fugro to court in an attempt to strip away some of the company's poison pill defenses but lost its case in May.
Six New Submarines Built for the Russian Navy
JSC Admiralty Shipyards has finished building a series of six submarines for the Russian Navy’s Black Sea fleet, marked with a flag lifting ceremony on the large diesel-electric submarine Kolpino, which was transferred to the Russian Navy. The ceremony was attended by Chief of the Navy, Vladimir Korolev; president of JSC United Shipbuilding Corporation, Alexei Rakhmanov; and CEO of JSC Admiralty Shipyards, Alexander Buzakov. “It is difficult to overestimate the significance of today's event for our team,” said Buzakov.
Subsea Defense & the Changing Paradigm of Submarine Programs
Technology and dynamic mission profiles have driven change in the defense industry, Hydro Group Plc Managing Director Doug Whyte, explores the changing paradigm of submarine programs, an evolving market he has experienced first-hand, with over 30 years at the helm of his own innovative subsea design and manufacturing group. My original business partner, Mike Redstone, previously worked for Vickers Slingsby which was involved quite extensively with the Ministry of Defense (M.O.D.). At that time, in the late seventies, close involvement with the M.O.D. was commonplace.
USVs and the Future of Subsea Defense
Unmanned Revolution: USVs Set to Conquer the Seas. According to Frost & Sullivan, replacing manned systems with USV is not a question of if but when. Unmanned surface vessels (USV) still lag far behind their aerial equivalents in terms of technical capabilities, technology and deployment. However, new threats, cost-benefit calculations, operational experiences in the past decade and new technological developments are driving rapid growth in the market. A USV may be used instead of manned vessels not only for defense but also in Homeland Security (HLS), security, and civil applications such as vessel monitoring, law enforcement (drugs, piracy) and enforcement of fishing and environmental laws.
Korea Rolls Out Indigenous Combat Operation System for Subs
Daewoo Shipbuilding and Marine Engineering (DSME) has succeeded in producing the nation’s first integrated combat system, which serves as the brain of attack submarines. The integrated combat system detects, tracks and identify targets and help accurately evaluate tactical and operational situations. The South Korean defense contractor announced on November 21 that it has succeeded in localizing the integrated combat management system for submarines in cooperation with LIG Nex1 Corp. and the Defense Acquisition Program Administration (DAPA). Until now, the company has used German technology.
OTE Debuts in Providence
The inaugural OceanTech Expo (OTE) debuted today at the Rhode Island Convention Center. The industry-led expo, slated for September 5-7, will showcase new equipment, training and demonstrations of technologies in the marine science and ocean technology industries. OTE will feature emerging trends in subsea technologies and markets, as they pertain to: homeland security, port & harbor defense; military and government; offshore oil & gas; and marine science and exploration. Speaker: Charles A. Martinek, Captain, U.S. Speaker: Mr. Speaker: Mr. Speaker: Dr. F. Mary Williams, Director General, Institute of Ocean Technology (IOT) of the National Research Council of Canada, St. Speaker: Donald R. Moderator: Ms. Marianne Molchan, President, Molchan Marine Sciences, Inc.
JF Subsea Inspects Shell Oil Rigs with New ROV technique
James Fisher Subsea (JF Subsea), a world leading subsea services division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through the innovative use of asset-based remotely operated vehicles (ABROVs) on oil rig inspection programmes in the North Sea. Traditionally, oil rig inspections are undertaken using a dedicated remotely operated vehicle support vessel (ROVSV), on which an ROV is secured. To remove the need of a ROVSV and the hazards involved with securing an ROV to the offshore platform…
Rigmarine Opens Aberdeen Facility
Lifting and marine product specialist Rigmarine has opened its fourth global facility in the rural village of Insch, 30 miles to the northwest of Aberdeen, Scotland. The site, strategically positioned to serve the offshore oil and gas, renewables, construction, break bulk, shipping and marine industries, joins other Rigmarine locations in Baku, Azerbaijan; Aktau, Kazakhstan; and Sharjah, UAE. As part of the Gaylin Group, this is the 10th international hub alongside others in Singapore, Korea, Malaysia, Vietnam, China and Indonesia.
Trico to Launch Offer for All Shares of Active Subsea ASA
Trico Marine Services, Inc. (NASDAQ: TRMA) and Active Subsea ASA (NOTC: ASUB) announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea. The offer price per share of Active Subsea will be $4.27 paid in cash. The offer values Active Subsea's equity at approximately $242m at exchange rates as of November 2, 2007. The board of directors and management of Active Subsea believes that it is in the best interests of the company's shareholders to support the offer. All board members in Active Subsea have pre-accepted the offer for the shares they hold in Active Subsea, including options and warrants.
Global Deepwater Market is Buoyant
The Global deepwater market is strengthening according to Quest Offshore Resources Inc.'s soon to be published Global Subsea Production Umbilical Report. The majority (65%) of identified forecast subsea wells across the globe are in deepwater (greater than 0-1,650 FSW (0-500 MSW)). With respect to ultra-deepwater subsea production, the present share of forecast subsea trees worldwide over 3,437 FSW (Feet Sea Water) or 1,200 MSW (Meters Sea Water) is 39%. Of the remaining subsea wells forecast over the next six years, 26% are planned for installation in 1,650-3,960 FSW (501-1,200 MSW) and 35% in 0-1,650 FSW (0-500 MSW). The market for subsea trees is strong with a significant number of contract awards for subsea production trees materializing over the last 12 months. As illustrated in Fig.
New Global Subsea Provider Launched
Subsea 7, the new company formed as a result of the combination of Halliburton Subsea, a business unit of Halliburton's Energy Services Group, and the subsea activities of DSND Subsea ASA (OSE:SFJ), officially started trading. The company already has a worldwide order book in excess of $800 million, firmly establishing it as a global service provider for subsea engineering and construction, and is poised to win additional business from projects it is currently bidding. The company was formed by the two parties contributing all tangible assets associated with their subsea businesses as well as leases, on-going contracts and intellectual property. It will have offshore operations supported out of the UK, Norway, Singapore, Brazil, United States and the Caspian.
Aker Kvaerner Awarded Reliance Subsea Contract
Reliance Industries Limited has awarded Aker Kvaerner an engineering, procurement and construction contract to deliver an 18 well subsea production system for the deepwater Block KG-D6 gas development located offshore the east coast of India. The contract is one of the world's largest subsea contracts ever awarded and affirms Aker Kvaerner's position as the leading contractor for deepwater subsea developments. The initial contract value is approximately $400m. Aker Kvaerner Subsea will supply a complete subsea production system including subsea trees, manifolds, steel tube umbilicals and power cables, controls system and associated connections to tie the subsea production system to an onshore gas terminal.
MSV Ocean Intervention, New Contract
Oceaneering International, Inc. (NYSE:OII) announced it has secured a one-year term contract with estimated revenue in the range of $25m to $30m for use of the MSV Ocean Intervention and other related services, commencing early February 2009. The contract contains a customer option for a one-year extension. The customer has contracted Oceaneering to conduct inspection, repair, and maintenance (IRM) of deepwater subsea facilities in the Gulf of Mexico (GOM). Examples of this work include changing out pods and chokes, installing flowline jumpers and control umbilical flying leads, remediating hydrates, and supporting diving operations on deepwater floating facilities.
Phoenix Announces Term Charter Agreement
Phoenix International, Inc., (Phoenix) announced today that it has signed a term charter agreement for the M/V ANNE CANDIES. The agreement includes options until August 2012. The M/V ANNE CANDIES is mobilized with a new, state-of-the-art Schilling Ultra Heavy Duty (UHD) intelligent Work Remotely Operated Vehicle (iWROV), and expands Phoenix’s subsea support capabilities to include infield development. The vessel is currently configured for deepwater inspection, maintenance and work tasks to depths of 11,500 feet. Future plans include the installation of a 40-ton knuckle-boom crane. The M/V ANNE CANDIES is a dynamically positioned (DP II) vessel 240 ft. long with a 54 ft. beam.
Oceanworks Delivers Rescue Equipment to Royal Canadian Navy
OceanWorks International To Deliver A-Frame Template for Submarine Rescue to Royal Canadian Navy. OceanWorks International has been awarded a contract by the Canadian Department of National Defense for another key piece of equipment which will enable submarine rescue cooperation and interoperability with the U.S. Navy. The A-Frame Template Kit is designed to work along with the Ship Interface Template Set (SITS) previously delivered to the Department of National Defence by OceanWorks International in March of 2010.