Subsea
Oceaneering to Provide ROV Services for Wintershall
Oceaneering International has secured a drilling and completion support contract for integrated services with Wintershall Norge. The contract covers ROV services for the drilling unit West Mira, which will perform production drilling on Wintershall-operated fields in the Norwegian Continental Shelf,
Akastor Returns to Profit
Oilfield services investment company Akastor recorded profit of NOK 62 million ($7 million) for the first-quarter 2019 compared to loss of NOK 19 million ($2 million) same time in 2018. The Oslo-listed company as a group generated some 21 per cent higher revenue (NOK 1.1 billion) in the Q1 2019 from
Subsea 7 Stays in Red
Engineering and construction specialist Subsea 7 has seen recognised loss in the quarter ended March 31, 2019 on activity drop in renewables and heavy lift business units, forex expenses and tax charge against prior-year comparable period. The Oslo-listed firm posted quarterly loss of $19 million, o
Maersk Supply Service Names New Chairman
Maersk Supply Service (MSS) has appointed Henriette Thygesen as a new chairman of the board of directors, effective June 01, 2019. Current chairman of Maersk Supply Service and vice CEO of A.P. Moller – Maersk Claus V. Hemmingsen will leave A.P. Moller – Maersk end June having concluded on the separ
ZTT Delivers 500kV AC Subsea Cable Project
Recently, ZTT Submarine Cable (ZTTSC) completed the factory test and delivery of 500kV AC submarine cable for the second-circuit transmission line project for Zhejiang Zhoushan Networking North Passage. The leaders and experts from Zhejiang Electric Power affiliated to State Grid, China Electric Pow
WFS Technologies Tackles Subsea Challenges
Subsea Internet of Things (SIoT) specialists, WFS Technologies has developed new way to enhance operational effectiveness, while reducing risk and preventing interruption to pipeline production. The patented Seatooth PipeLogger is an integrated pipeline, umbilical, risers and flowlines temperature m
UK Hydrographic Office Opens New HQ
New home of UK Hydrographic Office was officially opened by the Princess Royal on Monday. For nearly 80 years UKHO has been based in Taunton, but the site and buildings it originally occupied were deemed unfit for 21st-Century hydrographic and geospatial information service, especially as it switche
BHGE Reports $32M Profit
Baker Hughes, a GE company, (BHGE) has reported profit of $32 million or 6 cents per diluted share on GAAP basis for the quarter ended March 31, 2019. Adjusted diluted earnings per share were 15 cents per share. The result compared with $70 million profit in Q1 2018, down 55%, and also down sequenti
Scotland Sets October Offshore Wind Seabed Leasing Goal
Scotland’s new leasing round for offshore wind projects is likely to fully launch in October 2019, Crown Estate Scotland, the public body responsible for leasing Scotland’s seabed, has announced. There will also be a ‘pre-launch’ in the summer which will provide further details about the leasing and
Niestern Sander, Geo Plus Ink Hydrographic Vessel Deal
Royal Niestern Sander and Geo Plus have signed a contract for the construction of a hydrographic survey vessel, ‘Geo Ranger’. This ship, yard number 864, has been designed together with Conoship International. The Geo Ranger will be rented by the client from spring 2020 to parties conducting researc
GCE Ocean Technology Names Board Members
GCE Ocean Technology said that Jon Arve Sværen (OneSubsea) was re-elected as chairman of the board at its annual meeting in Bergen in April. In addition, a new board was elected. The GCE board structure in 2019-2020: Jon Arve Sværen, OneSubsea; Tove Ormevik, Aker BP; Tor Willgohs Knudsen, Equinor; T
GCE Becomes Member of Norwegian Forum for Marine Minerals
Norwegian industry initiative GCE Ocean Technology (GCE Subsea) has become a member of the Norwegian Forum for Marine Minerals (NMM). The membership, among other things, should enable GCE to contribute to strengthening the Norwegian environment’s international contacts and influence in the field of
Polarcus Slips into the Red Despite Strong Q1 Revenue Gains
Seismic player Polarcus has booked quarterly loss when compared to first-quarter 2018, despite major revenue boost of some 145 percent in Q1 2019. The Oslo-listed company reported net loss for the quarter ended March 31, 2019 of $5.3 million, versus profit of $2.8 million in Q1 2018. The Q1 2018 res
Aker Solutions Sees Profit Boost in Q1
Aker Solutions has seen its profit go up in the first-quarter 2019 at NOK 149 million, or NOK 0.54 per share, versus net income of NOK 105 million, or NOK 0.38 same time last year. Excluding special items, Q1 2019 EPS was NOK 0.57. Sequentially, basic EPS was down NOK 0.04. The Norwegian services co