Subsea
Saipem Beats Guidance But Sinks Deeper on Writedowns
Italian oilfield services player Saipem has reported loss in 2018 of €472 million ($538 million), on revenues of €8.5 billion ($9.7 billion). This result compares to net loss of €328 million ($374 million) on revenues of €9 billion ($10.3 billion) for the twelve months of 2017. Revenues in the Q4 20
Magseis Fairfield in North Sea Win
Magseis Fairfield has signed a letter of award (LOA) for a three months data acquisition program in the North Sea. According to the Norwegian seabed seismic services player, the survey is scheduled to start in Q3 2019 and will be acquired by the vessel Artemis Athene. The client and financial detail
Subsea 7 Extends CSV Normand Subsea Charter with Solstad
Solstad Offshore (SOFF) and Subsea 7 have agreed to extend the contract for the construction support vessel (CSV) ‘Normand Subsea’ for four years. The duration of the contract is now firm until December 31, 2023, plus two yearly options thereafter. Normand Subsea, an offshore vessel built to perform
Subsea 7 Takes Profit Hit
Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted
Fugro in Hollandse Kust Marine Site Characterization Project
Fugro has secured a contract to undertake marine site characterization work at the Hollandse Kust (west) wind farm zone, off the Dutch coast. Fugro secured the deal through a tender process, which represents the largest geotechnical site characterization programme tendered by the Netherlands Enterpr
Rotech Subsea in RECONNECT Frame Agreement with DeepOcean
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide a reliable and effective cable repair service, as well as providing periodic inspection and monitoring of cable integrity, to reduce the likelihood, time a
Osbit Provides Subsea Plough to Global Marine Group
Osbit Limited has secured a contract with Global Marine Group to supply multi-function pre-lay and backfill subsea plough. The plough, named Scion 240, represents the fourth major trenching system contract Osbit has secured in two years. The system is fully subsea adjustable and features a surveilla
Subsea 7 Wins BP North Sea Contract
Subsea 7 has been awarded a contract by BP for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea. Under the terms of the five-year agreement, i-Tech Services will provide a Life
Polarcus Chops Q4 Loss
Seismic player Polarcus has reduced quarterly loss when compared to fourth-quarter 2017 as revenues increased close to 80 percent. The Oslo-listed company reported net loss for the quarter ended December 31, 2018 of $18.1 million, versus loss of $91.7 million in Q4 2017. However, Polarcus’ loss wide
Tekmar Gets Offshore Wind Farm Remedial Work
Tekmar Group has signed a remedial contract worth approximately £3 million for execution over the next six months. The contract is for bespoke remedial cable protection systems for replacement subsea cables to be installed on an existing UK offshore wind farm. James Ritchie, Tekmar Group CEO said: “
FoundOcean Completes Foundation Grouting at Norther OWF
FoundOcean has completed grouting operations at the Norther offshore wind farm, currently being built in the Belgian North Sea. The wind farm consists of 44 wind turbines and one Offshore High Voltage Substation (OHVS), and when finalized will have a total installed capacity of 370 MW. FoundOcean we
OceanScan-MST Selects iXblue’s INS for New LAUVs
OceanScan-MST, Portugal-based manufacturer of the Lightweight Autonomous Underwater Vehicles (LAUV), has selected iXblue’s Phins Compact Series inertial navigation system for three new vehicles. OceanScan-MST opted for the Phins C3 to respond to the end-users’ demand for a higher position accuracy w
STAPEM Offshore Adds Film-Ocean
STAPEM Offshore has acquired Film-Ocean, a provider of remotely operated vehicle (ROV) services in the oil & gas, offshore wind and waterways sectors. “Film-Ocean provides a hugely exciting opportunity for STAPEM Offshore, enabling our customers to benefit from increased resources, shared knowledge
Subsea Supplies Appoints Sales Director
Aberdeen-based Subsea Supplies has appointed Pauline McCann as a new sales director, after serving as sales manager for seven years. Her expanded role will see her take on greater responsibility for the strategic development of the company and continue to drive growth of its recently-launched neopre