Subsea
Swiber Dives to Loss in 2015
Singapore-listed EPIC contractor, Swiber, has ended its financial year 2015 in USD 18.7 million loss, compared to a profit of USD 31.2 million in the previous financial year. Net loss after tax attributable to owners of the company was USD 27.4 million or USD 6 per share. This compares to profit in
Eidesvik in Red Despite Revenue Boost
Norwegian vessel owner, Eidesvik Offshore, has narrowed its quarterly loss year-over-year on higher revenues boosted by the sale of two vessels. In the fourth quarter 2015, Eidesvik generated revenues of NOK 343,2 million, of which NOK 92,8 million goes to sale of the vessels European Supporter and
NOC to Lead Project on Monitoring of Marine CCS in North Sea
The world’s first ‘real world’ deep-water controlled experiment simulating emission from a submerged carbon dioxide storage reservoir is to take place in the North Sea, with the aim of further verifying the safety of offshore carbon dioxide (CO2) capture and storage (CCS). Reportedly, small quantiti
JDR Wins with Aker Solutions
UK-based subsea umbilicals and power cables supplier JDR has been awarded a contract for intervention, workover and control systems (IWOCS) by Aker Solutions Subsea Division. The project, scheduled for delivery in summer 2016, will include the first deployment of JDR’s ‘Mark II Reeler’ concept. The
Trelleborg Thermal Insulation and Coating for Shah Deniz 2
Trelleborg’s offshore operation has been awarded its largest single order for thermal insulation and corrosion coating services for phase II of the BP Project, Shah Deniz, contracting directly to BOS Shelf LLC. The contract represents the most significant order Trelleborg’s offshore operation has re
WATCH: Statoil Begins Production Drilling on Johan Sverdrup
Drilling has started on the first of a total of 35 wells to be drilled in the first phase of the Johan Sverdrup field development, Norway’s Statoil informed today. According to the company, the Deepsea Atlantic drilling rig kicked off at 00:00 on Tuesday, March 1. “The Deepsea Atlantic drilling rig
Plexus Secures Equipment Order from Det norske
UK’s Plexus has received an additional purchase order from Det norske to supply surface wellhead and mudline equipment services for an exploration well on the Norwegian Continental Shelf, offshore Norway. The value of this latest order with Det norske is estimated at approximately £0.6 million ($836
Farstad Lets 26 Go
Norwegian shipowner Farstad Shipping has decided to reduce the size of the organization at the office in Aalesund with 26 positions. In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. Farstad Shipping recorded a net loss of NOK 1.32
WASSP to Launch Its New Multibeam Sounder
New Zealand-based WASSP Ltd, an ENL Group Company, has introduced its new multibeam sounder the WASSP S3. According to the company, the S3 is purpose built for the survey and mapping market, and it is shipped with WASSP software for 2D/3D mapping and polar view. S3 features a new DRX digital/wideban
Aquatic Aims at Forging Alliances in Subsea Services Arena
Aberdeen-based provider of flex-lay solutions for the subsea industry, Aquatic, is a company with more than 40 years experience in onshore and offshore installation projects. As part of Acteon’s subsea services group of companies, Aquatic is set up as an independent operator of modular carousels, re
Olympic Scores Deals for Four Vessels
Olympic Ship has secured contracts with undisclosed international contractors for its vessels Olympic Zeus and Olympic Hera, the company informed on Monday. The vessel M/V Olympic Zeus has been chartered for a period of up 9 weeks, including options. The vessel will be carrying out project work in W
Harkand Bags Apache Subsea Gig
Harkand has been selected to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea. The project will see Harkand provide project management and engineering services and deploy its personnel and one of its dive support vessels (the H
Impairments Hit Polarcus Result
Seismic contractor, Polarcus has posted quarterly loss as it took high impairment charges and 22 percent revenues drop due to the weak market. The Oslo-listed company reported net loss for the quarter of $287.3 million or $4.29 per share, versus the net loss of $80 million or $0.12 per share in Q4 2
SeaBird in North West Europe Shoot
SeaBird has inked a new deal to carry out a pre-funded 2D multi-client survey in North West Europe during the upcoming summer season. According to Oslo-listed seismic data provider for oil and gas companies, the project is scheduled to start during the second quarter of 2016 and it’s expected to las