Subsea
The future of seismic data acquisition
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
SeaBird reduces quarterly deficit
Oslo-listed SeaBird has recognised net loss of $3.9 million for Q3 2020, against net loss of $5 million in the same period in 2019. The seismic player recorded revenues of $3 million in Q3, an 81 per cent drop compared to $16 million in Q3 2019. The company had quarterly vessel utilization of 28 per
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention u
Rambøll wins another Hesselø cable route survey contract
Rambøll has secured another contract with Energinet to carry out an export cable route survey for the Hesselø offshore wind farm in Denmark. The contract concerns the proposed export cable route with landfall in Gilleleje. Two export cable routes were initially explored, thus two tender processes we
CGG narrows loss despite revenues drop
French seismic player CGG has narrowed its quarterly loss despite revenues falling some 26 per cent compared to same time last year. For the quarter ended 30 September, CGG recognised loss of $93 million, against loss of $147 million in the prior year comparable period. Adjusted net loss from contin
Fugro wins IJmuiden Ver integrated ground model tender
Fugro Netherlands Marine BV has won a contract to develop an Integrated Ground Model and a Geotechnical Interpretative Report for the 4 GW IJmuiden Ver wind farm zone in the Dutch North Sea. The IGM and the report should be of sufficient accuracy to allow (preliminary) foundation design, the Netherl
EMGS posts third consecutive quarterly loss
Norwegian geophysical services company EMGS has booked its third loss this year as market continues to be very challenging for seismic players. The Oslo-listed firm posted Q3 2020 loss of $4.2 million, versus profit of $5.1 million in Q3 2019. Revenues for the quarter fell at $2.1 million from $26.9
Cable works at Moray East OWF in full swing
Inter-array cable testing and termination will start at the Moray East offshore wind farm around 11 November, with the first of the two campaigns for this work scheduled to commence then. The testing and termination works will be carried out from the wind turbines and offshore substation platforms a
Seismic drags GC Rieber into the red
Norwegian shipowner GC Rieber Shipping has slipped into the red in the third quarter of 2020 on its marine seismic market share. As a result, the Oslo-listed GC Rieber booked loss of NOK 27.5 million, against profit of NOK 17.3 million same time last year. The company had a fleet utilisation of 100
Nexans revenues slip close to 10 per cent
Cabling specialist Nexans has generated third-quarter 2020 revenues of €1.4 billion, down 9.8 per cent versus prior-year comparable period. In the first nine months, Nexans sales came to €4.3 billion, also down 9.8 per cent year-on-year. Nevertheless, revenues were up close to 6 per cent quarter-on-
CGG and Shearwater put off streamer tech joint venture
CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties
Offshore players seek power cable jointing crew
The Pipeline Repair and Subsea Intervention (PRSI) Pool is seeking providers of contingency equipment and services for jointing of high voltage subsea cables. The PRSI Pool is a cooperation of operating companies organized as a non-profit membership club. The pool includes 20 companies. Some of thes
TenneT looking for cable fault location team
TenneT has invited tenders for services related to cable repair and maintenance in both Germany and the Netherlands, which include locating cable faults. The services will be delivered across several grid connections and interconnectors. The transmission system operator (TSO) is looking to conclude
CWind done at East Anglia One for this year
CWind has completed this year’s campaign at the East Anglia One offshore wind farm in the UK. Last year, CWind secured a multi-year contract to provide below water services, including subsea inspections of the jackets and offshore substation, corrective maintenance, as well as pre-engineering studie