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Van Oord Places First Gemini Monopile

July 5, 2015

The first monopile at the Gemini wind park has been successfully installed. The wind park, owned by Northland Power (60%), Siemens (20%), Van Oord (10%) and HVC (10%) will consist of 150 monopiles. Gemini will be built in the North Sea, and the building process is taking place over a three year period. The park encompasses two… Continue Reading »

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Ezra Considers Sale & Leaseback of Lewek Constellation

July 5, 2015

Offshore oil and gas contractor, Ezra Holdings, might be looking for a potential sale & leaseback deal for its subsea construction vessel, Lewek Constellation, according to UOB Kay Hian report. “We understand from shipbrokers Ezra is exploring a possible sale and leaseback of the Lewek Constellation. Built at a cost of US$625 million, this vessel is a… Continue Reading »

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ICPC: Sharks No Threat to Subsea Cables

July 4, 2015

The International Cable Protection Committee (ICPC) has responded to a rediscovered YouTube video of a shark biting a subsea cable which caused a media storm back in August 2014. According to some commentators, the video signified that worldwide telecommunications were under attack by sharks because submarine fibre-optic cables are the backbone of the global Internet…. Continue Reading »

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Telebras, IslaLink to Build Brazil-Europe Subsea Cable

July 4, 2015

Brazilian Telebras SA and Spanish IslaLink signed on Tuesday (June 30) an agreement for the construction of submarine cable linking the South American continent with Europe.  The joint venture will consist of Telebras with 35% interest, IslaLink with 45% and a third Brazilian holder to be determined later, with 20% interest. The agreement was signed… Continue Reading »

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Scientists Find Limited Risk from Subsea CO2 Leakage

July 4, 2015

The results from the world’s first experiment into the realistic simulation of the potential environmental impact of a submarine CO2 leakage, which featured several studies by scientists from the National Oceanography Centre (NOC) and University of Southampton, have been published in a special issue of the International Journal of Greenhouse Gas Control (IJGGC). The research was conducted… Continue Reading »

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Fugro Seals MC Library Sale with Spectrum

July 4, 2015

Spectrum has completed the purchase of Fugro’s multi-client library for a cash consideration of $115 million (approximately EUR 100 million) on a cash- and debt-free basis. Sales from the acquired library will be reported in Spectrum’s P&L from June 1, 2015. Sales from the acquired library for the period 1 January to 31 May 2015 will… Continue Reading »

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Petrobras History of Failed Plans Raises Doubt over New Promises

July 4, 2015

Brazilian state-run oil company Petroleo Brasileiro SA’s long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt. The company’s $90 billion cut on Monday from planned investment over five years and 30 percent reduction to its 2020 oil and natural… Continue Reading »

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EMGS in $2 Mln Barents Data Agreement

July 4, 2015

Norway’s Electromagnetic Geoservices (EMGS) has secured two new data licensing deals for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. In accordance with the company’s multi-client data library update, EMGS’s in Norway now covers 50,000 square kilometers of 3D full azimuth Multi-Client data in the Barents Sea. According… Continue Reading »

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Subsea UK’s Online Learning Programme for New Subsea Engineers

July 3, 2015

Subsea UK has launched its new online learning programme to support the development of new engineers and technicians entering the subsea sector and to develop graduates to become the next generation of engineers to help the UK’s £9 billion subsea sector achieve its global potential. The Introduction to Subsea Engineering course can be completed in… Continue Reading »

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