Oceaneering Takes a Digital Dive into 3D Simulation

Offshore engineering company expects to reduce mission-readiness time by 30% and training times by 20% through high fidelity, real-time 3D simulations. Houston-based Oceaneering International Inc. is a global leader in the subsea engineering and applied technology field, providing creative, robotics-driven solutions to technical challenges in some of the harshest environments known to man. Continue reading

Sapura Installs Hokchi Satellite Platform in Mexico

Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development. In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside, weighing approximately 1,730MT in the Gulf of Mexico. Continue reading

MacGregor Enhances Customer Support in Americas

MacGregor, part of Cargotec, has extended coverage and capability to support all their customers’ service needs in the Americas. The announcement comes following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively. MacGregor now has over 80 service personnel in place supporting the full product range across the Merchant, Cruise, Offshore, Naval... Continue Reading →

McDermott gets approval for reorganization plan

The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate $4.6 billion of debt. The company announced the confirmation of... Continue Reading →

Sandvik Divests Drilling and Completions Unit

Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. Continue reading

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