Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.
Technology Systems Corporation (TSC), has released details of two marine industry networking events that the ocean marketing and media agency recently hosted. The year kicked off with the Blue Innovation Symposium in Newport RI from 14 – 15 January, while Subsea Cables: A Critical Connection was a one-day event in Houston, TX on January 23.
On behalf of its client Van Oord, subsea technology company Seatools completed the delivery of a CT umbilical winch. The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year.
Delivers on core financial priorities, demonstrates commitment to capital discipline and superior shareholder returns
N-Sea and BODAC, two of the subsea sector’s most experienced subsea survey and UXO disposal companies, have announced the new identity of their existing joint venture (JV). Following a multi-million euro investment in its specialist UXO provision, the JV will now trade as UXOcontrol, reflecting its unique, market-leading UXO risk mitigation solutions.
As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties that currently exist between the UK and the EU, says GlobalData, a leading data and analytics company.
The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic region. Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData, a leading data and analytics company.
RH Marine has developed a special dynamic positioning (DP) system for plough boats that equalize the seabed after dredging. RH Marine also participated in a study for a faster offshore installation of monopiles for wind turbines by dynamically positioned ships.
DeepOcean has reaffirmed its commitment to Darlington and North East England after it reached agreement with Darlington Borough Council to locate its UK headquarters in the new Feethams House development.
Van Oord and Saare Wind Energy have agreed to combine their forces and mutually develop the Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometers, south-west of the Estonian island Saaremaa.
Eni signed a new lon- term contract for the purchase of 1,5 million tonnes of liquefied natural gas with Nigeria LNG Limited (NLNG), a joint venture between NNPC, Shell, Total and Eni (with Eni having a participating interest of 10.4%).
The International Marine Contractors Association (IMCA) has recently passed an ISO 27001 (Information Security Management) Stage 2 Audit in addition to its annual ISO 9001 surveillance audit.
A new class of catamaran CTV designed by Ad Hoc Marine Designs Ltd (AHMD) aims to bring a simple no nonsense vessel with a well-proven pedigree to the market.
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) has declared a cash dividend of $0.87 cents per share on the Common Stock, payable on March 10, 2020 to shareholders of record of Common Stock at the close of business on February 11, 2020.
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