Highlights of the week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (April 24– April 30).
The award scope includes seventeen total enhanced vertical deep water trees and associated tooling, as well as five manifolds and associated controls and tie-in equipment.
This is part of a global reduction affecting the Siemens Subsea businesses in Norway, USA and Brazil. Siemens said that with great regret the proposed changes would mean that up to 36 jobs are to be put at risk in the Ulverston site.
The subsea engineering and construction specialist posted quarterly profit of $146.3 million, or $41 cents per share, on revenue of $897 million, versus profit of $146.5 million, or $42 cents per diluted share on revenue of $746 million same time last year.
During the corresponding period in 2016, Oceaneering reported net income of $25 million, or 26 cents per share, on revenue of $608 million.
Klaver will leave after having worked for Heerema for more than 26 year, including 8 years as HMC’s CEO.