Subsea
Subsea 7 Profits Fall; Expects to Bounce Back in 2020
Engineering and construction specialist Subsea 7 has seen its profit slip in the quarter ended September 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $42 million, or $15 cents per diluted share, on revenue of $951 mi
Shearwater in New Eastern Mediterranean Seismic Survey
Shearwater GeoServices has secured a new 3D seismic survey in the Eastern Mediterranean. The one-month survey will be executed in Q4 2019, the company informed. “Shearwater has a long track record in the region, and we are pleased to return for this survey”, said Irene Waage Basili, the CEO of Shear
MacArtney Tech for MMT
MacArtney has recently supplied the latest NEXUS MK C multiplexer to Swedish marine survey specialist MMT. The NEXUS MK C is the latest delivery in a series of seven multiplexers provided to MMT since 2018. Working in close collaboration with Reach Subsea, MMT ordered the customised NEXUS MK C conne
UK Approves Chrysaor’s MacCulloch Subsea Decommissioning Programme
UK oil and gas authorities have approved Chrysaor’s MacCulloch subsea installations decommissioning programme in the North Sea. The selected option for the facilities is to remove, dismantle and dispose of them, ensuring a high level of material recycling. The MacCulloch field, located in UK Central
Shearwater Adds New Board of Directors Chair
Shearwater GeoServices has appointed Robert Hobbs as the new chair of the board of directors. Robert Hobbs replaces Karl-Johan Gombrii who has been the chair of the board since Shearwater’s inception in 2016. Hobbs has 30 years of experience from the oil and gas sector. He served as the CEO of TGS-N
MDL Completes Spirit Flexible Transpooling
MDL Marine Services has completed transpooling of a flexible product for Spirit Energy. The project was managed by MDL project engineering team and entailed relocating the client’s product stored on a third-party storage reel from Denmark to MDL base in Peterhead, using MDL’s reel drive system, and
New Oil and Gas Discovery for Equinor Near Fram Field
Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, near the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic meters of oil equivalent, corresponding to 38-100 million barrels of
Huisman Crane for Bokalift 2
Huisman has been selcted by Boskalis to deliver a 4,000mt offshore mast crane (OMC) to be installed on their crane vessel Bokalift 2. This deal follows successful delivery of the 3,000mt offshore mast crane for the Bokalift 1 in 2017. With a lifting capacity of 4,000mt at 100 meters above deck, this
Sentinel Subsea Completes Offshore Field Trial
Sentinel Subsea has completed its first offshore field trial, run in conjunction with independent operator Spirit Energy and the Oil & Gas Technology Centre (OGTC). Recognizing the need to monitor suspended wells both efficiently and cost-effectively, Sentinel Subsea’s passive monitoring system is s
Polarcus Reports Improved Results in Third Quarter 2019
Seismic player Polarcus has bounced back in black when compared to third-quarter 2018 as revenues increased some 19 percent. The Oslo-listed company reported profit for the quarter ended September 30, 2019 of $13.7 million, versus loss of $8.4 million in Q3 2018. For the nine months in 2019, Polarcu
NOVACAVI Mooring Cables for LoVe Observatory
NOVACAVI has recently provided a couple of specially engineered mooring cables for the Lofoten-Vesterålen Cabeled Ocean Observatory. The Lofoten-Vesterålen Cabeled Ocean Observatory (LoVe) is a Norwegian infrastructure for marine research, monitoring and subsea technology development off the North N
USS Gets Project of the Year Award
Unmanned Survey Solutions, a company that designs, builds and operates Unmanned Surface Vessels (USVs) for the survey industry, has won the Cornwall Manufacturing Group Innovation/Improvement Project of the Year Award 2019. James Williams, director at Unmanned Survey Solutions, said: “We are over th
Prysmian Wraps Up HVDC Test on COBRAcable
Prysmian Group has completed the HVDC test on the submarine interconnector COBRAcable that links The Netherlands and Denmark. The announcement took place during the COBRAcable link’s official inauguration event, simultaneously held in Eemshaven (NL) and Endrup (DK). Prysmian had secured this project
SBT Energy Eyes Cost-Cutting Tech for Offshore Energy Sector
SBT Energy has completed a wave-tank test programme and preliminary field trials, for its buoy concepts, part of a disruptive offshore buoy and tank technology for the renewables, oil and gas and other offshore industries. SBT’s technology covers eight unmanned offshore buoy and storage tank concept