Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (April 25 – May 01).
The two vessels were scheduled to deliver subsea support services for Maersk Oil’s Flyndre development.
Harkand informed that interest payment which was due March 28, 2016 will not be paid due to insufficient liquidity.
The crewman is believed to had been of Phillipine nationality and the accident reportedly involved a forklift truck.
The incident occurred Friday morning, April 22 at 8.30am.
During the quarter Subsea 7 released one chartered vessel and stacked two owned vessels, including Seven Waves which returned to Europe for extensive repairs following damage to the lay-tower.
The Houston-based subsea specialist generated net income of $19.8 million, or $0.09 per diluted share, on revenue of $1.2 billion, versus net income of $147.6 million, or $0.63 per diluted share on revenue of $1.7 billion in the year-ago quarter.
The Houston-based company generated net income of $501 million, or $0.40 diluted earnings per share, on revenue of $6.5 billion, compared with a profit of $975 million, or 76 cents a share, on revenue of $8.1 billion in the year-ago quarter.