Subsea
France: CGG Reports Increase in Revenue
CGG, a world leader in Geoscience announced its non-audited 2013 fourth quarter and full-year consolidated results with revenue up 2%, at $955 million. The Company reported EBIT at $73 million before non-recurring items with EBIT margin at 7.6% and the Net income of $17 million after NRFI and before
Swiber Makes Record Revenue and Net Profit (Singapore)
Swiber Holdings Limited has reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013. Revenue rose 11.2% to hit US$1.1 billion from US$952.2 million for the full year ended December 31, 2012. The Group’s topline was
MacGregor Acquires Norwegian Deep Water Solutions
MacGregor, part of Cargotec, has acquired Norwegian privately owned Deep Water Solutions AS, specialising in lifting applications utilising electric multi drive technology. “Customer requirements for environmentally friendly solutions are increasing in offshore load handling applications, such as su
ShawCor Provides Pipe Coating Services for South Stream Offshore Pipeline
ShawCor Ltd. announced its pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$50 million from EUROPIPE GmbH for the concrete weight coating of Line 1 of the South Stream Offshore Pipeline. The South Stream Offshore Pipeline system is comprised of 4 pipeline
Oceaneering Appoints New Senior VP, General Counsel and Secretary
Oceaneering International, Inc. has announced the promotion of David K. Lawrence to Senior Vice President, General Counsel and Secretary. Mr. Lawrence joined Oceaneering in June 2005 as Assistant General Counsel and has served as Vice President, General Counsel and Secretary since November 2011. He
Hallin Completes Subsea Repairs on Bualuang Field Off Thailand
Hallin Marine, a Superior Energy Services company, has completed an urgent project in the Bualuang oil field off the coast of Thailand following damage to subsea structures. The work centered on the inspection and repair of the mooring and riser system at a floating production, storage and offloadin
BIRNS Celebrates 60th Anniversary at Underwater Intervention Show
BIRNS, Inc. celebrated a major milestone at the recent Underwater Intervention show in New Orleans. 2014 marks the company’s 60th year in business, and BIRNS held a well attended event in its booth at the show to commemorate the anniversary. The event included a slideshow of historical company photo
Jurong Shipyard to Build Two Drillships for Transocean
Sembcorp Marine’s subsidiary Jurong Shipyard has signed two contracts for US$540 million each to build two drillships with options for three additional units from a subsidiary of Transocean Ltd (Transocean). Scheduled for delivery in 2Q 2017 and 1Q 2018, the drillships will be built based on Jurong
Endeavour to Re-Start Production at Rochelle Field
Endeavour International Corporation today announced that the valve in the Rochelle field that had been stuck in the ‘shut’ position has now been opened and production is expected to re-commence in the next few days. Following the tie-in of the East Rochelle E2 well, production from Rochelle could no
LINZ Launches BSB Format RNCs Using CARIS HPD
In keeping with its mandate to make data more accessible to as many people as possible, Land Information New Zealand is now offering its Raster Navigational Charts free online in BSB format. The charts were produced using the CARIS Hydrographic Production Database Raster Module following onsite trai
Superior Energy Services Reports Net Loss
Superior Energy Services, Inc. has announced that non-GAAP adjusted net income for the fourth quarter of 2013 was $48.3 million, or $0.30 per diluted share. Including all the specific after-tax charges totaling $361.8 million, or $2.27 per diluted share, the Company recorded a net loss of $313.5 mil
DOF Subsea Bags Mooring Contract in Asia Pacific
DOF Subsea, a subsidiary of DOF ASA, has been awarded a contract for mooring installation in the Asia Pacific region. The contract award will secure utilization of the vessel Skandi Hercules for approx. 2 months. Skandi Hercules is a multi-purpose vessel with both construction support vessel feature
The Acclaimed Exhibits iObox at Oceanology International 2014
The software specialists The Acclaimed Software Company Ltd are demonstrating their iObox at Oceanology International 2014 at London’s Excel in March. The iObox is the ultimate in synchronised serial data capture and control. The system enables serial I/O (input/output) operations to be recorded or
Cavotec Gets Three Orders for MoorMaster™
Cavotec has won three orders worth a total of more than EUR 28 million for MoorMaster™ automated mooring systems at applications in Australia, Canada and Denmark, one of which – for the St. Lawrence Seaway in Canada – is the largest to date for MoorMaster™, and one of the biggest projects in the his