Subsea
ROVOP Bounces Back from Ceona Blow with Strong Results
ROV service provider, ROVOP, has recorded sales of almost £10 million in the second half of its financial year and EBITDA of £3.5 million for the six months to September 2016, an increase of 14 percent and 27 percent respectively over the same period in 2015. The company has also welcomed 15 new cus
4Subsea Develops Automated Integrity Testing of Flexible Risers
4Subsea, a Norwegian technology company specialised in production riser systems and subsea well systems, has launched Portable Annulus Tester (PAT), a product that automates integrity testing of flexible risers. According to the company, PAT is an “Engineer-in-a-box” solution that removes the requir
OceanGate Begins Construction of Cyclops 2 Manned Submersible
OceanGate said it has started the construction of the Cyclops 2, a manned submersible with a depth range of 4,000 meters (13,125 feet). The company has ordered two titanium hemispheres and two matching titanium to carbon fiber interface rings from Titanium Fabrication Corp. (TiFab), and a 56” diamet
Kraken Sets Up Subsidiary in Bremen
Kraken Sonar Inc. informed that effective January 1, 2017, its new German subsidiary, Kraken Robotik GmbH (KRG) will start operations at the Bremen Innovation and Technology Centre (BITZ). In addition to customer support, KRG will focus on the development of 3D imaging sensors, machine learning and
Ashtead Provides nCentric Tech for Fugro’s North Africa Ops
Ashtead Technology is delivering nCentric wireless mesh communication network to assist Fugro Subsea Services operation in North Africa. Utilising nCentric Nova Node technology combined with the HyperBox, Ashtead has supplied video streaming and data transmissions between four vessels during the ins
Nautilus Board Member Steps Down
Toronto-based underwater mineral exploration company Nautilus informed that it has accepted the resignation of Cynthia Thomas from its board, effective Wednesday, December 7, 2016. Thomas joined the board of Nautilus in June 2010. Following the resignation of Thomas the members of the company’s boar
Global Marine Clinches Oil Field Communications Deal
UK-based Global Marine Systems has secured a contract from Tampnet to enhance inter oil-field communication networks in the North Sea. The work, which focuses on the installation of a platform to platform fibre optic cable, will be undertaken in 2018 by one of the company’s installation vessels. It
SBM Feels Weak Market Sting as DSCV ‘SBM Installer’ Hurts Its Bottom Line
Dutch company SBM Offshore has lowered its forecast for operating profit (EBITDA) in 2016 as it will recognise a write-down of $30 million on a contract around a diving support and construction vessel (DSCV) SBM Installer. Due to the continuing downturn in the oil industry, the operating profit is n
Allseas Lands TurkStream Job
South Stream Transport B.V. has awarded the Swiss-based Allseas a contract to lay the first line of the TurkStream offshore gas pipeline in the Black Sea, with an option for laying the second line. According to the contract, Allseas is to lay more than 900 km of pipes on the seabed. Allseas will eng
Petrofac Helps to Protect Lincs OWF Cables
Petrofac has completed the provision of risk assessment and engineering support on the two 48 km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system. Following a full assessment of the impact of external risks to the cable, such as fishing and anchor damage in
SapuraKencana Books Higher Profit
SapuraKencana Petroleum has seen its profits increase some 22 percent in the third quarter ended October 31, 2016, on new contract wins, lower tax, and no impairment charges when compared with the corresponding period in 2015. Despite about 24 percent drop in revenue, the company recorded profit of
Ardent Wraps Up Troll Solution Wreck Removal Project
Ardent has completed removing the Troll Solution jack-up, reportedly the largest wreck removal completed in 2016. Weighing approximately 7,000 tons, the jack-up Troll Solution experienced a debilitating accident while carrying out maintenance work on the wellhead platform CAAN-A in 2015. Prior to Ar
Polarcus Scoops Up New South America Projects
Polarcus has received two letters of intent from two undisclosed clients for two additional marine seismic projects offshore South America. The projects, one 3D using Polarcus’ RightBAND technique for broadband data acquisition and one 4D monitoring survey, should begin in Q1 and Q2 2017 respectivel
Magseis Bags ConocoPhillips Deal in North Sea
Norwegian seabed seismic services player, Magseis, has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic survey in the North Sea. The company will be using its proprietary ‘marine autonomous seismic system’ (MASS) for the acquisition. MASS consists of the in-sea cable