Subsea
Polarcus Books Loss, Improves Q-on-Q
Seismic contractor, Polarcus has posted quarterly loss on 26 percent lower revenues when compared to first-quarter 2016, but said it had managed to narrow its loss sequentially by $59 million. The Oslo-listed company reported net loss for the quarter of $38 million or $0.05 per share, versus profit
Kongsberg to Deliver Integrated System for Atair II Research Vessel
Kongsberg has signed a contract with the Fassmer for the delivery of a technical solution for the German Federal Maritime and Hydrographic Agency (BSH) research vessel Atair II. Atair II will be the first government owned LNG powered research vessel, and the first newbuild to use Kongsberg’s integra
Bourbon Revenues Fall 30% in Q1
Bourbon has seen its revenues decline almost 30 percent year-on-year for the quarter ended March 31, 2017 impacted by lower activity levels in the shallow and deepwater offshore segments. The company said it had stacked up to 102 vessels as of end-March this year, including 76 shallow water vessels
Missing Diver Found in Orkney
A diver that went missing was found in Orkney by a dive boat on Wednesday. The dive boat Fair Morn reported to Shetland Coastguard that they had a missing diver off Burwick in Orkney. The Coastguard coordinated an extensive search of the Pentland Firth area involving RNLI lifeboats from Thurso, Long
Schlumberger Introduces New Mapping-While-Drilling Service
Schlumberger has launched the new ‘SpectraSphere’ fluid mapping-while-drilling service at the 2017 Offshore Technology Conference. The service is said to be the industry’s first to deliver downhole fluid composition during drilling with real-time pressure measurements-while-drilling. Applicable in a
Trelleborg Boosts GoM Buoyancy Repair with ExPert Riser
Louisiana-based ExPert Riser Solutions has become an authorized repair center for Trelleborg’s offshore operation, expanding its drill riser buoyancy module (DRBM) repair offering. Through this partnership with ExPert Riser, Trelleborg said it has upgraded its capability as the sole DRBM supplier of
DeepOcean Wins Troll C Work
DeepOcean has been awarded an engineering, procurement, fabrication and installation (EPCI) contract for wear protection on the risers at the Troll C platform in the Norwegian Sea. The award covers, in addition to installation, the design, engineering, procurement and fabrication of the wear protect
STR Adds Another Nexus 2
Subsea Technology and Rentals (STR) has ordered a second Nexus 2 USBL system from Applied Acoustics Engineering after having ordered the first unit at this year’s Ocean Business. Nexus 2 is the second generation 2- way digital system designed and produced by the UK headquartered company. The system
Wasco Orders Iron Ore for Nord Stream 2 Pipe Coating
Wasco Coatings Europe, the coating and logistics contractor of Nord Stream 2, has ordered 1.3 million tonnes of iron ore from Swedish LKAB Minerals. The iron ore will be used for the concrete coating of the steel pipes needed to build the planned Nord Stream 2 pipeline. A heavy high-density concrete
MDL Equipment Executes T&T Flex-Lay Campaign
Maritime Developments’ flex-lay spread has concluded its latest project in the Atlantic. The MDL’s 400-tonne reel drive system and patented 4-track tensioner – both forming part of the MDL Offshore Service fleet – were deployed alongside the company’s portable vertical lay system (PVLS), as part of
DNV GL Ex-CEO Joins Polarcus Board
Oslo-listed seismic player Polarcus has elected Dr. Henrik Madsen as a director for a term of two years at the company’s AGM held on May 3, 2017. Dr. Madsen is known as the former chief executive for DNV GL. He is a member of the World Council for Sustainable Development, and has been appointed as a
Harvey Gulf Boosts GoM Capacity with New Jones Act Subsea Vessel
Gulf of Mexico-focused vessel operator Harvey Gulf International Marine has taken delivery of the first of two multi-purpose support vessels (MPSVs) the ‘Harvey Sub-Sea’, Jones Act-compliant for subsea construction work. The Harvey Sub-Sea (Hull 249) and its sister vessel the Harvey Blue-Sea have be
JDR, Magma to Collaborate on New Solutions
JDR has signed a memorandum of understanding (MoU) with Magma Global (Magma), the manufacturer of carbon fibre and Victrex PEEK thermoplastic composite pipe, m-pipe. The signing, which took place at the Offshore Technology Conference in Houston, marks the start of a collaboration that will combine J
ROVOP Reinforces US Ops with New Appointments
Remotely operated vehicle service provider ROVOP has bolstered its US team after winning contracts worth around $19 million (£15 million) including a two-year deal with an undisclosed Houston-based company. Euan Tait has been appointed as president of the company’s US operations, ROVOP Inc, while Ka