Equipment
Kongsberg Equipped KRI Spica Goes to Indonesian Navy
The second of two oceanographic and hydrographic vessels designed and built by OCEA in France for the Indonesian Navy was handed over following a commissioning ceremony in Jakarta. The KRI Spica (934), is the sister ship to the June 2015 delivered KRI Rigel (933), which is already on active survey d
Loss Grows for Baker Hughes
Baker Hughes has seen its quarterly net loss widen by some 66% compared to the first quarter 2015 results as its revenue was chopped by lower activity. The oilfield services company posted net loss for the first quarter of $981 million, or $2.22 per diluted share, compared to net loss of $589 millio
Aker Solutions and ABB in Subsea Alliance
Aker Solutions and ABB have joined forces to develop new oil and gas production solutions. The cooperation will integrate Aker Solutions’ subsea capabilities and ABB’s subsea power and automation system expertise. Reportedly, this partnership will deliver solutions that will enhance how production e
FMC Technologies Takes 87% Nosedive
The largest provider of subsea equipment to the industry, FMC Technologies, has seen its first-quarter 2016 profits plunge close to 87 per cent on weak market activity and negative forex impact. The Houston-based subsea specialist generated net income of $19.8 million, or $0.09 per diluted share, on
Aker Solutions Picks Glassfiber Produkter for Kaombo Subsea Protection
Glassfiber Produkter has been awarded a contract from Aker Solutions as part of its Total Kaombo project in Angola. Kaombo is one of the world’s largest subsea developments, located in Block 32 about 150 kilometers off the coast of Angola. According to the company, the contract will see Glassfiber P
Polarcus Posts Profit Hike
Seismic contractor, Polarcus has posted quarterly boost in profit as a result of the completion of its financial restructuring. Namely, restructuring resulted in a $224 million increase to book equity and $351 million reduction in the carrying value of debt. The Oslo-listed company reported net prof
Damen Pumps on Display During Knoop Open Days
During Knoop Machinery’s open days on the 29th and 30th of April in Tynaarlo, Damen will be exhibiting a hydraulically-driven DOP200 pump mounted on an amphibious Waterking excavator. Also on display will be an electrically-driven E-DOP200 pump. Damen DOP pumps are celebrating 25 years of service in
Technip Bags Contract Extension for Logistic Base in Brazil
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), int
Lukoil makes step forward with Caspian oil project
Russian oil company Lukoil has moved a step forward in the development of its Caspian Sea oil project. Namely, Russia’s largest privately held oil company has started driving in marine risers into Vladimir Filanovsky offshore oil field, located 50 kilometers offshore, in the Russian section of the C
Copenhagen Hosts Young CEDA Meeting
Young CEDA Commission’s first meeting in the year was hosted by CEDA Corporate Member DHI in Copenhagen. Members of the Commission were welcomed by Ida Broker, Member of the CEDA Board, Klavs Bundgaard, member of the CEDA Environment Commission and Anders Jensen former CEDA President. With four new
Oceaneering Profit Down 64% in Q1
Oceaneering reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million for the three months ended March 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $69.5 million (approx. 64 per cent higher), or $0.70 per share, on revenue of $787 m
STX France to Build Arkona Substation from Tip to Toe
STX France has secured a deal to design, build and install a HVAC offshore substation for Arkona offshore wind farm, a 385 MW project jointly developed by E.ON and Statoil, located in the Baltic Sea, Germany. STX France scope includes delivery of the jacket foundation, piles, substation topside and
STR Adds More iXBlue Tech to Rental Portfolio
Subsea Technology and Rentals (STR) has increased its portfolio of subsea rental equipment with the purchase of iXBlue’s OCTANS NANO. iXBlue is providing the OCTANS NANO subsea gyrocompass for utilisation by STR clients in ROV and structure monitoring operations. The order is part of STR’s expanding
DCNS to Design Sea 1000 Future Submarines
The Australian Government has selected DCNS to design twelve Sea 1000 Future submarines for the Royal Australian Navy. “The decision was driven by DCNS’s ability to best meet all of the Australian Government’s requirements. These included superior sensor performance and stealth characteristics, as w