Subsea
Another Mission Needed for El Faro VDR Recovery
The team aboard the research vessel Atlantis who located the sunken El Faro’s voyage data recorder (VDR) has determined it will not be possible to recover the VDR during the current mission. The team of investigators and scientists aboard Atlantis collaborated with investigators at the National Tran
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
Aker Solutions Profit Falls
Aker Solutions has reported a net income of NOK 169 million in the first quarter 2016 versus net income of NOK 220 million a year earlier. Revenue declined to NOK 6.5 billion in the quarter from NOK 8.5 billion a year earlier amid a market slowdown. The company posted earnings before interest and ta
WFS Appoints UK Sales Manager
WFS Technology has appointed Graeme Slater as Sales Manager for the UK, Australia and SE Asia. Since joining the company in March, Graeme has been supporting WFS’s UK and international customers in their use of Seatooth-enabled products. Prior to joining WFS Graeme spent 13 years at Schlumberger. Be
NERC Invests into NOC Autonomous Systems
UK’s Natural Environment Research Council plans to invest £15 million in marine autonomous systems (MAS) and sensors over a five-year development programme. A £10 million investment will be made through the National Oceanography Centre (NOC) for the development of a new 1500 meters depth-rated Autos
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
DUC Marine to Name Its New MPSV in May
DUC Marine Group, the Dutch-based specialist in diving, marine and offshore construction services, will christen its new multi-purpose support vessel “Solution”, on May 9, at Urk, The Netherlands. According to the company, the new vessel has been purpose built for DUC Marine Group with aim to fill a
N-Sea Wins Galloper UXO Gig
Subsea IMR provider, N-Sea, has been awarded a new contract with Galloper Offshore Wind Farm. The contract for pre-construction unexploded ordnance (UXO) clearance works started in April 2016 and includes UXO risk management, target investigations and clearance on the Galloper Wind Farm, off the coa
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
Xodus Inks Employers Representative Deal with SSE
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
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