Subsea
AquaTerra Acquires SETS
AquaTerra Group has extended its capabilities with the acquisition of the trade and assets of subsea engineering and technology business SETS. Formed in 2011, SETS is a focused primarily on conductor inspection and integrity, repair and maintenance. The company designs, manufactures and implements r
Subsea 7 Hit by Offshore Wind
Engineering and construction specialist Subsea 7 has seen red in the fourth quarter 2019 on activity drop in renewables and heavy lift division. The Oslo-listed firm posted quarterly loss of $129 million, or $45 cents per diluted share, on revenue of $889 million, versus profit of $32 million, or $1
Serco, Briggs to Bid for Royal Navy Marine Services Contract
Serco, the international services company, and Briggs Marine, the experts in coastal, near shore, offshore and subsea operations, have teamed to bid for the Royal Navy’s Marine Services 2022 contract. Serco and Briggs Marine have a long-standing relationship, having worked together since 2007 to sup
Plexus Strikes Another Wellhead Equipment Deal With Gusar
Plexus said that its Russian licensee Gusar has placed an order for an additional set of POS-GRIP exploration rental jack-up drilling wellhead equipment. The deal follows the installation of the first POS-GRIP rental gas exploration wellhead in Russia for Gazprom. Plexus’ CEO Ben Van Bilderbeek said
Impairments Weigh on Oceaneering’s Results
Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of clo
Fugro Finalizes UXO Work for Hollandse Kust Zuid OWF
Fugro has completed a second marine unexploded ordnance (UXO) risk mitigation project for TenneT, this time on a cable route survey as part of the construction of the Hollandse Kust Zuid offshore wind farm. The 13-month project involved surveying the route for explosive remnants of war (ERW), includ
Global Offshore Beefs up Normand Clipper
Global Offshore, part of Global Marine Group, is currently customising the construction support vessel (CSV) Normand Clipper. The vessel, on long-term charter from Solstad Offshore, will be operational within the first quarter of this year. The Normand Clipper is being fitted with a 4,000 tonne cabl
Reach Subsea Sinks Deeper in Red
Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell against prior-year comparable period. For the fourth quarter 2019, Reach booked loss of close to NOK 25 million on revenues of NOK 107 million, versus loss of NOK 6 million, on revenues of NOK 190 million
Helix Swings to Quarterly Profit; Hikes Full-Year Result
Helix Energy Solutions has reported net income of $7.9 million, or 5 cents per diluted share, for the fourth quarter of 2019 compared to $13.7 million loss or 9 cents for the same period in 2018. Sequentially, profit fell from $31.6 million of 21 cents per diluted share. Fourth quarter revenues were
MMT Welcomes New HSEQ Manager
MMT, a services provider for the the oil & gas, renewable energy and interconnector industries, has appointed Malin Abenius as HSEQ manager of the company. Malin will start in the new role on March 16, the company informed through social media. Malin Abenius said: “I am delighted to join the positio
SubSea Networks Backs NO-UK Cable Project
SubSea Networks and NO-UK announced today that the supply contract for the NO-UK Submarine Cable System linking Norway and England has come into force. The NO-UK system is now under construction, with a ready for service date at the end of 2021. The cable will provide eight high capacity fibre pairs
Saipem Takes Coronavirus Precautions
Italian subsea services major Saipem is taking actions after the confirmed cases of Coronavirus on Italian territory. Since Friday 21 February, all employees with residence in the municipalities indicated by the Regions involved have been invited to stay at their home, avoiding social interactions.
Geoquip Marine Completes Geoquip Speer Upgrade
Geoquip Marine has finalized an extensive conversion and upgrade to its recently acquired multipurpose geotechnical vessel, the Geoquip Speer. As part of the refit the Speer has had its moonpool design opened up, enabling it to be fitted with a fully heave-compensated offshore geotechnical drilling
AGS Inks North Sea OBN Survey Deal
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has signed a letter of intent with an undisclosed oil company to start an OBN survey in the North Sea. The work is expected to begin in the second quarter of 2020, after fulfillment of certain conditions, AGS said in Monday’s Oslo