Subsea
Subsea 7 Buys Siem Offshore Contractors and Two Vessels
Subsea 7 has signed an agreement to acquire Siem Offshore Contractors GmbH and two vessels, subject to competition clearance in Germany. The acquisition will include the entire issued share capital of Siem Offshore Contractors, the inter-array cable lay vessel Siem Aimery and the support vessel Siem
AKVA Group Reports Positive Q4
Norwegian equipment provider for aquaculture industry, AKVA group, has boosted its profit in the fourth quarter of 2017 as all of its business segments upped their quarterly performance and saw the revenues grow. Namely, the company booked profit before tax of NOK 33.3 million and net profit of NOK
NOV Bags Contract for Seabox Subsea Water Treatment System
National Oilwell Varco (NOV) has signed its first contract for the Seabox subsea water treatment system. The contract was signed with an unnamed operator who will deploy the system at an offshore installation in the third quarter of 2018 for an extended test during the 2018/2019 winter season. The S
Bibby Offshore Delivers North Sea IMR Project for BP
Bibby Offshore, a subsea services provider to the oil and gas industry, has completed a contract worth more than £2 million for BP in the North Sea. The project utilized Bibby Offshore’s diving support vessel Bibby Topaz to carry out inspection, repair and maintenance operations in the Rhum gas fiel
Eidesvik Cuts Losses; Ends 2017 in Black
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 221 million (approximately $28 million) or NOK 6.85 per share, against loss of NOK 514 million (approximately $65 million) or NOK 16.18 per share for the quarter that ended on December 31, 2016. Result for the twelve months of
New VP Customer Center & Services Joins Teledyne Marine
Teledyne Marine has named Lars Aggerholm Nielsen as the vice president Customer Center & Services for imaging product lines globally. “It is key for us to secure an excellent service and support of our customers as we know how important our products are to them in their daily operations and projects
Prysmian Cable Layer Utilizes MakaiLay Software
Makai Ocean Engineering’s MakaiLay software has been commissioned on the cable-laying vessel Giulio Verne by the Prysmian Group. It is expected that MakaiLay with its power-cable-specific module will be used by the Giulio Verne when it starts working on the North Sea Link installation. North Sea Lin
Add Energy and Trendsetter Win Well Control Contract
Add Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 2018. The contract will provide the
German AWI Purchases Sercel’s Sentinel HR
CGG informed that Sercel has sold one of its new Sentinel HR high-resolution solid streamers to the German research foundation, the Alfred Wegener Institute (AWI). AWI will use the Sentinel HR on research projects it is conducting to record critical data about the relationship between geological act
Magseis Strengthens Its Team
Norwegian seabed seismic services player Magseis has strengthened its team with several new appointments. Tom Henrik Sundby has accepted the position as CFO and will join Magseis in April 2018, the company informed. Sundby has more than 25 years’ experience in finance and management roles most recen
Aker Solutions’ Subsea Equipment for Wintershall’s Nova Field
Aker Solutions has won an order from Wintershall Norge to provide a subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway. The system will consist of two templates with manifolds, seven subsea trees including one spare, umbilicals and associated tie-in and
Subsea 7 Scoops Up Nova Tieback Prize from Wintershall
Subsea 7 has been awarded a contract between USD 50 million and USD 150 million by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kilometers from the Gjøa field, in a water depth of approximately 36
Polarcus Reduces Quarterly Deficit
Polarcus has narrowed its quarterly loss when compared to fourth-quarter 2016, despite lower revenues and impairment charges. The Oslo-listed company reported net loss for the quarter of $91.7 million or 60 cents per share, versus loss of $97 million in Q4 2016. Sequentially, the net loss widened fr
Global Eagle Inks Seabed Constructor Deal with Swire Seabed
Global Eagle Entertainment has signed a three-year agreement with Swire Seabed, a specialist subsea company based in Bergen, Norway. The agreement will allow Global Eagle to provide connectivity for the multi-purpose offshore vessel, Seabed Constructor. Seabed Constructor is currently on long term c