Top News of the Week of Jul 28 – Aug 03, 2014
- Business & Finance
WFS Technologies (WFS), the global leader in the delivery of underwater wireless instrumentation and control solutions to the Offshore Oil and Gas and Renewables industries and Fugro Subsea Technologies (Fugro), which designs, builds and delivers the FCV range of ROVs to its Subsea Services Division, announce an agreement to offer subsea wireless capability on all FCV Work Class ROVs from 2015 onwards.
Global specialist in seabed-to-surface engineering and construction, Subsea 7, has strengthened its already strong pipeline fabrication and installation capabilities in the North Sea market, with the opening of its new, bespoke spoolbase facility, at the Port of Leith, Edinburgh (owned by Forth Ports Limited).
IHC Hytech, part of Royal IHC, has secured an order for two innovative containerised air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas, and renewable energy sectors.
Subsea 7 S.A. has announced results for the second quarter and first half 2014 which ended on 30 June 2014. Revenue for the quarter was $1.9 billion, an increase of $224 million compared with Q2 2013.Revenue for the half year ended 30 June 2014 was $3.6 billion (1H 2013: $3.1 billion). Net income for Q2 was $265 million, compared to a net loss of $13 million in Q2 2013. 1H net income was $401 million, an increase of $283 million compared to 1H 2013.
The construction of ROVSV (Remotely Operated Vehicle Support Vessel) ‘Fugro Aquarius’ has entered the final stage, Wilson Sons informed through their Facebook page.