Oilfield services provider Petrofac has secured a further six-month contract extension with the Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP).
Hawaiki Submarine Cable, American Samoa Telecommunications Authority (ASTCA) and American Samoa Hawaii Cable (ASH) have formed a three-way alliance dedicated to boosting capacity linking Pacific territories and nations to Hawaii and the US mainland. The multi-million dollar deal brings three operato
Igeotest Geoscience has secured a contract with Prysmian to carry out the geophysical and geotechnical campaign for the installation of the Lanzarote-Fuerteventura AC cable. In December last year, Prysmian announced a €27-million deal with Spanish TSO Red Eléctrica de España (REE) to connect two Can
Nexans has won a contract from IPTO’s Ariadne Interconnection for subsea cable system linking mainland Greece to island of Crete. The project should provide security of supply for the island and also enable transition from fossil fuel generation to renewables. The HVDC cable will span a distance of
Ailes Marines has awarded Prysmian Group with a contract to provide the inter-array cable systems for the Saint-Brieuc offshore wind farm in France. Prysmian will design, supply, install, and commission 90 kilometres of three core 66 kV HVAC XLPE-insulated inter-array cables. The value of the contra
Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked close to 83 per cent. AGR recorded Q1 2020 profit of $7 million, bouncing back from loss of some $4 million same time last year. The Oslo-listed firm generated quarterly revenue of $45 million, versus appro
PGS has completed the acquisition of the East Shetland Basin 2020 survey utilising Ramform Tethys vessel. The first results of the survey will be available in August. Despite the ongoing challenges posed by the Covid-19 pandemic, crew changes were carried out safely and efficiently, PGS said. Both t
Subsea services specialist Acteon said that Dr Carl Trowell will become Group’s new chief executive officer, succeeding Richard Higham. Trowell will join Acteon from offshore drilling company Valaris (Ensco). He was Ensco’s chief executive and subsequently became executive chairman in 2019 following
Norwegian contractor Reach Subsea has widened its quarterly loss against prior-year comparable period on currency effects and IFRS16 depreciation effect. For the first quarter 2020, Reach booked loss of close to NOK 32 million, versus loss of NOK 19 million in the year-ago quarter. To remind, in the
Ashtead Technology has signed partner agreement with Trinidad-based Reliance Subsea Services Reliance Subsea provides tooling and equipment rentals and services to the industrial oil and gas marine sub-sector throughout the Caribbean and north Latin America. Ashtead will provide subsea survey and RO
DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019. Earnings hit was due to depreciation and impairment of NOK 976 million. This was because of the weakening market for vessel services and the low demand visibility for services going forward. DOF Subsea als
Fugro’s hydrographic survey vessel has supported Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa. The Fugro Gauss vessel, heading from the Netherlands to South Africa, made a 10-day detour to support Ifr
Magseis Fairfield has appointed Mark Zajac as chief technology officer, effective June 01, 2020. Zajac joins from Schlumberger and brings over 30 years of experience in the oil field services industry. He will replace Nils Heieren, who has decided to leave the company after close to seven years. “I
DEME Group has completed inter-array cable laying works at the SeaMade offshore wind farm in Belgium. DEME’s DP3 cable installation vessel Living Stone laid 64 inter-array cables with a total length of 71.2km. According to the company, the vessel operated at peak production levels, laying up to thre
