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Blame Oil Glut on Investors Who Still Love Drilling Over Profits

August 30, 2015

Investors sent a surprising message to U.S. shale producers as crude fell almost 20 percent in August: keep calm and drill on. While most oil stocks have fallen sharply this month, the least affected by the slump share one thing in common: they don’t plan to slow down, even though a glut of supply is… Continue Reading »

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Alcatel-Lucent, Ocean Networks Extend SAPL Submarine Cable

August 30, 2015

Alcatel-Lucent Submarine Networks (ASN) and Ocean Networks, Inc. are to extend the South America Pacific Link (SAPL) submarine cable system from Panama to Florida, adding approximately 3,000km to the 14,200km SAPL network that will link Hawaii to South America. The extension will be known as SAPL Caribbean Express (SAPL CX). With it, the SAPL system… Continue Reading »

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Are you considering a career in diving?

August 30, 2015

Diving is a high hazard activity and there are specific regulations on diving at work to control the risks. These are The Diving at Work Regulations 1997 (DWR). The regulations The DWR cover all dives when one or more divers are AT WORK in the diving industry whether employed or self-employed. The regulations apply to… Continue Reading »

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Oceaneering Launches ROV-Mounted Subsea PA Probe

August 30, 2015

Oceaneering has introduced its most recent innovation, a deepwater Phased Array ultrasonic inspection capability for subsea applications down to 3000m (10,000 feet). According to Oceaneering, the new system is already validated for use by a number of operators following trials carried out in Houston, Texas. The system is deployed by ROV using Oceaneering’s Neptune scanner,… Continue Reading »

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Top 10 Commercial Diving Employers: #5 is a Behemoth in Underwater Welding

August 30, 2015

On the job hunt? The underwater welding business has a big reputation: Loads of money Extreme competition Ruthless hours Hazardous environments Reality Check: It’s a perception of context: These factors depend on your diving gig responsibilities and the maritime company that employs you. Most importantly, the majority of companies highly value their divers’ safety and skill level. If they… Continue Reading »

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McDermott Bags Historical Aramco Award

August 30, 2015

McDermott has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. Work on the contract is expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement (LTA) between McDermott and Saudi Aramco for… Continue Reading »

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Chiyoda Bites into EMAS AMC

August 29, 2015

Singapore’s Ezra Holdings and Japan’s Chiyoda have signed a binding memorandum of understanding (MOU) for Chiyoda to invest in Ezra’s subsea services business, EMAS AMC, to form a 50:50 joint venture EMAS CHIYODA Subsea. Chiyoda headquartered in Yokohama, Japan is a front end engineering design (FEED) and engineering procurement and construction (EPC) company. The transaction implies… Continue Reading »

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Helicopter Operation Safety Review: Problems & Effectiveness

August 29, 2015

In February 2014, the UK Civil Aviation Authority (CAA) published a safety review of offshore helicopter operations, which examined the risks of supporting the oil and gas industry in the North Sea. The review, undertaken in conjunction with the Norwegian CAA and the European Aviation Safety Agency (EASA), listed 32 actions and 29 recommendations that… Continue Reading »

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U.S. Coast Guard Suspends Search for Missing Female Diver

August 29, 2015

The active search for a missing diver off Duncan Rock near Cape Flattery has been suspended, the Coast Guard informed. According to U.S. Coast Guard a 61 year-old female diver, who reportedly has 1,200 dives worth of experience, went missing on August 25. A watchstander at Coast Guard Sector Puget Sound received a report of… Continue Reading »

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