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
InterMoor has confirmed its participation in the Joint Industry Project (JIP) Ankerite promoted by Norwegian Geotechnical Institute (NGI) jointly with DNV GL and University of Western Australia. The JIP aims to establish a simple calculation tool for assessment of drag anchors in silts and sands wor
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
Dutch subsea and survey specialist Fugro has posted net loss of €51 million for the twelve months of 2018, against net loss of €160 million in 2017. The company’s revenue increased close to 11 per cent from €1.49 billion in 2017 to €1.65 million in 2018. Fugro’s marine division, with revenue at €1.1
Houston-based McDermott has reported quarterly loss of $2.8 billion, or $15.33 per diluted share, compared to $26 million, or $0.27 per diluted share in the fourth quarter of 2017. Adjusted net loss for the fourth quarter was $280 million, with adjusted diluted earnings per share of $1.55. Excluding
McDermott International has received two contracts from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia. According to McDermott, the first contract, valued between USD 500 million and USD 750 million, includes th
Woodside has awarded MODEC the front-end engineering design (FEED) contract for the SNE field development Phase 1 floating production storage and offloading (FPSO) facility. Woodside is the operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which co
Melbana Energy has received fast-track processed data from the Beehive 3D seismic survey undertaken offshore Australia. The survey was acquired by Polarcus using its vessel Polarcus Naila in August 2018. The Beehive survey consisted of the acquisition of approximately 700 km2 of seismic data over th
Nordavind Data Center Sites intends to build of a new fiber optic cable between Norway and Ireland. With the Desktop Study (DTS) already completed, Celtic Norse is now moving towards securing the anchor tenants and finalizing the finance package to complete survey and final build. The cable is expec
Shearwater GeoServices has secured an award of three 4D seismic surveys by Equinor to be conducted this summer in the North Sea and Barents Sea. Equinor has awarded Shearwater a multi-project contract, with three surveys to be conducted in 2019 at the Kvitebjørn & Valemon, Visund and Snøhvit fields.
MarineEnergy.biz has compiled the top news from marine energy industry from February 18 – February 24, 2019. https://marineenergy.biz/2019/02/18/carnegie-files-albany-funding-plan/ https://marineenergy.biz/2019/02/19/magallanes-sets-up-tidal-device-at-emec/ https://marineenergy.biz/2019/02/20/atlant
Subsea World News has put together a recap of the most interesting articles from the previous week (February 18 – February 24). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Malaysia Contracts For Mcdermott https://subseaworldnews.com/2019/02/
National Advisor Bureau Limited in UAE has proposed the Fujairah-Mumbai subsea tunnel project to connect India, China and Pakistan with the United Arab Emirates. According to the Bureau, the project will have a number of benefits, among others the transport of passengers, tourists and workers betwee
