Oslo-listed marine contractor Siem Offshore has reduced its Q4 2020 deficit despite revenue drop of 20 per cent against prior-year quarter. Quarterly operating revenues were $57 million, compared to $71 million in Q4 2019. The decrease in revenues from 4Q 2019 is mainly due to lower revenues from th
MMA Offshore has won a contract with TechnipFMC to provide tug and barge support for subsea installation project in Australia. The ASX-listed marine and subsea services player said the contact will see utilisation of MMA-owned and chartered vessels. Specifically, the company will provide a fleet of
Tekmar Energy has secured a new contract award to supply its bend restrictors and J-tube seals to protect subsea umbilicals on an offshore energy project in the Norwegian North Sea. Manufacturing and delivery will take place in 2021. According to Tekmar, the conract came from a leading integrated su
Parc Eolien Offshore de Provence Grand Large, an EDF EN France company developing a 24 MW floating wind demonstration project in the French part of the Mediterranean Sea, has launched a tender for offshore survey services. The developer is looking to carry out seabed clearance, unexploded ordnance (
Oslo-listed DOF Subsea has seen its fourth-quarter 2020 loss widened on higher depreciation and impairment charges and lower operating revenue compared to same time last year. The company reported NOK 115 million loss in the fourth quarter of 2020, versus NOK 30 million in Q4 2019. Operating revenue
Subsea engineering specialist Oceaneering has narrowed its loss in the fourth quarter of 2020, despite revenue drop of close to 25 per cent. The Houston-based company has reported a net loss of $25 million on revenue of $424 million for the fourth quarter 2020. Adjusted profit was $1.8 million, refl
Norwegian technology group Norbit has received an order for multiple WINGHEAD sonars from a ‘leading global survey company’. The NORBIT WINGHEADs will go on an unmanned surface vessel (USV) utilised on marine renewable energy projects. According to Norbit, the order has a value of approximately NOK
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
Subsea technology company Rovco has appointed Simon Miller to take over as new managing director. Newly-appointed chief financial officer and director Nick Boorman will lead the group alongside CEO and founder Brian Allen. Miller previously spent 12 months as general manager at Rovco’s operational b
Acteon’s surveying company UTEC has won a contract from TechnipFMC to support the development of Coral-Sul FLNG (floating liquefied natural gas) project, the world’s first in ultra-deepwater. The Coral-Sul FLNG, which is approximately 50 kilometres from the Mozambique coast, will operate in 2000 met
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per ce
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. I
Petrobras has signed a letter of intent with SBM Offshore for the chartering of the FPSO Almirante Tamandaré to be installed in the Búzios field off Brazil.
Norwegian subsea shipping company Siem Offshore has secured a contract for its Siem Spearfish vessel. The Oslo-listed firm said on Wednesday that the contract is for two months firm, with options, excluding mobilisation and demobilisation. The contract for an undisclosed client will see the offshore
