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16.05.2015 Subsea 7 to Axe 11 Vessels and 2500 Jobs
Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the fleet and workforce, and the restructuring of its corporate organisation.
According to TE SubCom, the NCP consortium, comprised of China Mobile, China Telecom, China Unicom, Chunghwa Telecom, KT Corporation, Microsoft, SoftBank Mobile Corp, and TE SubCom, announced on Monday that the New Cross Pacific (NCP) Cable Network has commenced construction. Microsoft takes a seat in the NCP consortium.
ShawCor informed that its Canusa-CPS division has received notification from Saipem SpA that the suspension of the work on the Saipem contract in relation to South Stream Pipeline has been lifted with immediate effect and that work on this contract is to be resumed.
Google and five other large companies team up to build a cable under the Pacific Ocean that will deliver incredibly fast internet speeds informs system supplier NEC Corporation.
The Bureau of Ocean Energy Management (BOEM) announced yesterday that it is moving forward with wind energy planning efforts on the Outer Continental Shelf (OCS) offshore New York.