Subsea
Fugro to downsize workforce by 10 per cent
Dutch subsea and survey specialist Fugro said it will reduce its workforce by up to 10 per cent due to challenging market situation. The company posted loss before interest and taxes of €26 million for the first quarter 2020, against loss of €19 million in Q1 2019. Fugro recently announced a program
Reach Subsea gets new contract in North Sea
Reach Subsea has secured a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with its cooperation partner MMT Sweden during the summer season. The companies plan to use the Topaz Tiamat for this proj
EMGS in sales agreement for multi-client library in Norway
Electromagnetic Geoservices (EMGS) has entered into a late-sales multi-client licensing agreement for its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately $1.7 million. The majority of the revenue will be recognised in the second quarter of 2020, EMGS said
Subsea 7 plans cost cuts as loss doubles
A comprehensive cost reduction programme is being developed and will be announced in the second quarter.
Aker Solutions slips to quarterly loss
Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Exclud
Legasea gets Ocean Outdoor advertising boost
Aberdeenshire subsea specialist start-up Legasea will reap the benefits of a £10 million outdoor advertising campaign. The Westhill based firm, will see its adverts run on Ocean Outdoor screens throughout Scotland. The advertisement campaign will feature during May, on up to 52 screens, across promi
Sonardyne HQ goes solar with CleanEarth
CleanEarth has equipped Sonardyne global headquarters in Hampshire with over half a megawatt of solar generation. The subsea tech firm first explored the solar options with CleanEarth back in 2016. However, the SSE approved the connection in late 2019, due to the fault level issues at the nearby sub
Subsea milestone for Island Offshore vessel
Island Offshore vessel Island Victory is working for Ocean Installer in the Barents Sea installing two subsea frames at the Askeladd field. This is so far the heaviest lift by an Island Offshore vessel, with a load of 175.2 tonnes in the crane hook. “This is a milestone within subsea operations for
Fugro wins more MAREANO work
The Norwegian Hydrographic Service has awarded Fugro another hydrographic survey contract as part of the MAREANO seabed mapping programme. Fugro has already completed 10 surveys for the programme since 2006 and acquired over 140 000 square kilometres of data. This latest survey will collect high-res
4Subsea adds IoT sensors on Zefyros turbine to prove cost reduction potential with Digital Twin
4Subsea has installed advanced, retrofit sensors on floating turbine Zefyros to prove cost reduction potential with a Digital Twin. The project aims to prove significant cost reduction potential in offshore wind by using a Digital Twin of the substructure to measure actual loads and fatigue on the t
First SeaMade inter-array cables linked to offshore substation
The first inter-array cables at the SeaMade offshore wind farm have been connected to the Mermaid offshore substation (OSS). Cable burial works will commence in the coming days, Otary states on social media. DEME’s cable installation vessel Living Stone started the inter-array works in mid-April. Th
Vermilion set for Corrib IRM campaign
Vermilion Ireland is planning an inspection repair and maintenance campaign of the Corrib pipeline and associated infrastructure. The work scopes include offshore pipeline and subsea structure inspection, engineering work on well P3. Weather permitting, the works should start on 6th May 2020 and wil
Aleron Subsea becomes dealer of Olis Master Controller
Olis Robotics has reached a new agreement with Aleron Subsea to lead sales, distribution and support of its machine-learning ROV manipulator controllers. The Olis Master Controller is providing value for ROV inspection, repair, and maintenance (IRM) operators. The controller’s intuitive interface, e
Teledyne CARIS delivers depth management system to Danish Hydrographic Office
Teledyne CARIS and the Danish Geodata Agency (DGA) have completed the project to implement a new depth data management system. The scope of the project program included delivery of CARIS Bathy DataBASE, migration tools, system configuration and implementation. The project also delivered a range of t