Subsea
MacArtney Bolsters North American System Sales Focus
Fuelled by continuously increasing demand for complete integrated underwater system solutions, MacArtney has opted to significantly bolster its North American system sales focus. Spearheaded by the hiring of experienced sales and business development professional, Shannon Lewis, as System Sales Mana
Superior Energy Services Marks Decline in Q1 Net Income
Superior Energy Services, Inc. has reported net income from continuing operations of $42.6 million, or $0.27 per diluted share, and net income of $36.7 million, or $0.23 per diluted share, on revenue of $1,061.4 million for the first quarter of 2014. These results compare with the first quarter of 2
No Changes in Deep Down’s Q1 Revenue
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, has reported financial results for the quarter ended March 31, 2014. OPERATING RESULTS For the first quarter of 2014, Deep Down reported net income
Nova Scotia Invests in Seismic Program to Be Conducted by BP (Canada)
Nova Scotia welcomed BP Exploration Canada’s fleet of 10 exploration vessels on May 13, to kick off one of the largest seismic programs in the world. During the event, Premier Stephen McNeil announced a $12-million investment in geoscience research to help the offshore sector grow. The investment wi
Polarcus Reports Lower Revenues in Q1
Polarcus Limited has announced the release of its first quarter 2014 financial statements. Highlights in the first quarter 2014: – Revenues of USD 121.4 million, EBITDA of USD 39.6 million and EBIT of USD 16.9 million; – Net cash flow from operations of USD 55.9 million; – Reduction in cost of sales
NOAA Finds Possible Location of Sunken Civil War Steamer ‘Planter’
NOAA has determined the probable location of the remains of the Civil War-era sidewheel steamer Planter, which gained national fame in 1862 when a group of enslaved African Americans commandeered the Confederate Navy transport ship in a daring escape to freedom. The announcement was made in Charlest
Neon Energy Gets Exploration Permit Offshore Australia
Neon Energy Limited has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum Exploration Acreage Gazettal. Block WA-503-P is located offshore Western Australia within the Dampi
MCG to Extend Barents Super Tie
MultiClient Geophysical has announced an extension of the multi-client 2D Barents Super Tie towards the east into the newly opened Barents South East (former Dispute Zone between Norway and Russia). The new lines will tie the existing Barents Super Tie in the west to the areas to be covered by the G
InterMoor Names HR Manager and Business Development Manager
InterMoor UK further expands its management team with two key appointments. InterMoor, an Acteon company, has appointed Lesley Maxwell as group human resources manager and Nick Knight as business development manager for InterMoor Marine Services Ltd. Maxwell has more than 20 years of international e
Narec’s KTP Project to Develop Monitoring Techniques for Tidal Turbines
Narec has been awarded a new Knowledge Transfer Partnership project funded by the Technology Strategy Board in association with Newcastle University. The project which started in May 2014 and runs for three years aims to develop cost effective and feasible condition monitoring techniques optimised f
Sonardyne’s Life of Field Workshops, Platform for Subsea Techniques Discussions
Sonardyne International Ltd.’s latest round of subsea technology workshops were attended by over 100 offshore industry professionals including oil company representatives, hydrographic surveyors, subsea engineers and asset managers. Held over three days at the AECC conference centre in Aberdeen, the
Jacksonville District Gets New Survey Vessel SB-48
The modernization of Jacksonville District’s fleet of survey boats continues with the arrival of its newest vessel. Crew members took delivery of the new boat, known as SB-48, in the past few weeks and have been working to install survey equipment so it will be ready to perform missions later this y
Boskalis Expects Healthy Fleet Utilization Levels
The developments at Royal Boskalis Westminster N.V. in 2014 to date are in line with expectations. Developments Boskalis realized a higher revenue in the first quarter of 2014 compared to the same period in 2013. Adjusted for the acquisition of Dockwise, which was only included in the consolidated f
Reef 2050 Plan Helps to Protect Great Barrier Reef
The Abbott Government is protecting the Great Barrier Reef by delivering the election commitment to implement a Reef 2050 Plan. The Reef 2050 Plan includes a Long Term Sustainability Plan and the establishment of a new $40 million Reef Trust to deliver important new projects to help protect this nat