Preston-based Submarine Manufacturing and Products (SMP) said it has delivered ahead of schedule the Submarine Emergency Survival Pods, ROV Training Simulator Suite and Subsea Training Templates for connection of the (SEVDS) Submarine Emergency Ventilation & Decompression System. The 4000-metre dept
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FPSO integrity management and repair specialists, Marine Technical Limits (MTL) has added four new recruits to its specialist team. The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it secured a
Prysmian Group has localized the issue that caused system failure of the Western Link Interconnection, consisting of two 600 kV DC submarine cables in the Irish Sea linking Ardneil (Scotland) to Wirral (England). Following the testing and investigations executed to date, the issue, which required th
Italian oilfield services player Saipem has reported loss in 2018 of €472 million ($538 million), on revenues of €8.5 billion ($9.7 billion). This result compares to net loss of €328 million ($374 million) on revenues of €9 billion ($10.3 billion) for the twelve months of 2017. Revenues in the Q4 20
Magseis Fairfield has signed a letter of award (LOA) for a three months data acquisition program in the North Sea. According to the Norwegian seabed seismic services player, the survey is scheduled to start in Q3 2019 and will be acquired by the vessel Artemis Athene. The client and financial detail
Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted
Fugro has secured a contract to undertake marine site characterization work at the Hollandse Kust (west) wind farm zone, off the Dutch coast. Fugro secured the deal through a tender process, which represents the largest geotechnical site characterization programme tendered by the Netherlands Enterpr
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide cable repair service – as well as providing periodic inspection and monitoring of cable integrity – to reduce the likelihood, time and cost associated with
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide a reliable and effective cable repair service, as well as providing periodic inspection and monitoring of cable integrity, to reduce the likelihood, time a
Subsea 7 has been awarded a contract by BP for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea. Under the terms of the five-year agreement, i-Tech Services will provide a Life
Seismic player Polarcus has reduced quarterly loss when compared to fourth-quarter 2017 as revenues increased close to 80 percent. The Oslo-listed company reported net loss for the quarter ended December 31, 2018 of $18.1 million, versus loss of $91.7 million in Q4 2017. However, Polarcus’ loss wide
FoundOcean has completed grouting operations at the Norther offshore wind farm, currently being built in the Belgian North Sea. The wind farm consists of 44 wind turbines and one Offshore High Voltage Substation (OHVS), and when finalized will have a total installed capacity of 370 MW. FoundOcean we
Oslo-listed SeaBird has narrowed its quarterly loss for the period ended December 31, 2018 as revenues picked up on higher utilization, compared to prior-year fourth quarter. The seismic data provider for oil and gas companies posted loss of around $3.7 million for the fourth quarter of 2018, compar
