Subsea
Helix Plunges into Red
Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. These charges resulted in an after-tax impact of $398.5 million, or $(3.77) per diluted share. The company reported a net loss of $403.9 mil
VIDEO: Heerema Wraps Up Ichthys Flowlines Setup
Heerema Marine Contractors Australia (HMC) has, under the contract awarded by McDermott, completed the installation of 140 kilometers of rigid subsea flowlines for Inpex-operated Ichthys LNG project. The contract, awarded in 2012, includes the transportation and installation of flowlines, production
McDermott Posts Quarterly Loss, Improves on Full-Year
McDermott has seen red ink at the end of fourth quarter, swinging to loss when compared with the corresponding period in 2014. The company posted quarterly loss of $18.7 million, or $0.08 per fully diluted share, compared to net profit of $8.2 million, or $0.03 per fully diluted share same time last
General Dynamics Buys Bluefin Robotics
General Dynamics Mission Systems has acquired Bluefin Robotics, a manufacturer of unmanned undersea vehicles (UUVs). “Bluefin’s advanced underwater technologies and products are perfectly aligned with our expertise in undersea system integration,” said Chris Marzilli, president of General Dynamics M
Subsea Global Solutions Adds Sea Sub Systems
Subsea Global Solutions (SGS), the underwater repair, maintenance and marine solutions provider, has acquired the assets and personnel of Sea Sub Systems, an underwater vessel repair services company based in Tampa, Fla. The Tampa office, including all staff and equipment, will be rebranded Subsea G
McDermott, Larsen & Toubro Join Forces in India
McDermott International has signed a long-term agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the relationship between McDermott and LTHE, both
Schottel Hydro Supplies Turbines for SME’s PLAT-O
Schottel Hydro will deliver 16 Schottel Instream Turbines (SIT) with a capacity of 62 kW each to Sustainable Marine Energy (SME) over the next two years. The SME’s PLAT-O platform array will host 16 Schottel Instream Turbines. Following the sea trials in the Solent in summer 2015, the first PLAT-O s
McDermott Welcomes New Board Member
McDermott International has appointed Erich Kaeser to its board of directors, effective February 23, 2016. Kaeser will serve on the company’s audit committee. Kaeser served in key executive and advisory positions, with a strong focus on the Middle East markets, throughout his 35-year career at Sieme
Reach Subsea Stays in Profit
Norwegian contractor Reach Subsea managed to remain in black but still has booked a decrease in profit in the fourth quarter 2015, despite higher revenues backed by increased activity levels. In the fourth quarter 2015, Reach had four vessels in operation, opposed to one less same time last year as
McDermott’s DLV 2000 Gets First Subsea Installation Job
McDermott International’s new derrick lay vessel, the DLV 2000, has secured scope as part of the current McDermott work schedule for the INPEX Ichthys LNG project offshore Western Australia. The DLV 2000 is a class 3 dynamically positioned vessel combining a 2,200-ton revolving crane with a deepwate
Oceanteam Wins Turntable Contract
Oceanteam Solutions has been awarded a contract to supply a cable manufacturer demountable turntables and auxiliary equipment for the multiple transport of cables from Asia to Europe in 2016. The Oslo-listed company said it will also assist during the cable load outs in the appointed ports by supply
McDermott Scoops Greater Western Flank Phase 2 Gig
McDermott will put its new flagship derrick lay vessel, the DLV 2000, to work offshore Western Australia, supporting a transportation and installation contract awarded by Woodside for the Greater Western Flank Phase 2 Project. The installation will occur approximately 20 miles from the Goodwyn A pla
AAM to Build Hydrofoil Survey Catamaran for USACE
The U.S. Army Corps of Engineers (USACE) has awarded a contract to All American Marine (AAM) for the design and construction of a new hydrofoil supported aluminum catamaran survey vessel. The new vessel will replace the aging survey boat, Shuman, to primarily perform survey missions and dive operati
Alcatel’s Lodbrog Vessel to Repair PPC-1 Subsea Cable?
Alcatel Submarine Networks’ cable ship Lodbrog has reportedly been contracted to repair PPC-1 submarine cable which experienced an outage earlier this month. According to media reports, the Lodbrog will replace another ship which usually conducts repairs on the cables in the region, but it is curren