Subsea
More Red Ink for Reach Subsea
Reach Subsea has seen quarterly loss widened for the period ended December 31, 2017, explained by lower equipment utilization when compared to the corresponding period in 2016. Despite revenue growth of close to 70 per cent, the Norwegian contractor booked loss of NOK 10 million, or NOK 0.07 per sha
ECA Group Rolls Out New Mid-Size Mine Warfare AUV
ECA Group has unveiled its new generation mid-size AUV A18-M for underwater mine warfare. The company has carried out live demonstration in Toulon area to showcase theperformance of this new maritime drone that is completing ECA Group’s AUV family. A18-M is the new generation of autonomous underwate
Hetzner Online Deploys Infinera Subsea Network Solution
Infinera and Hetzner Online have deployed the Infinera XTS-3300 meshponder to extend Hetzner Online’s data center business into Finland. The XTS-3300 is designed to be easy to use high-performance subsea network solution, enabling internet content providers (ICPs) like to quickly deploy low-latency
Bibby HydroMap Adds iXblue Autonomous Surface Vessel ‘DriX’
Bibby HydroMap has partnered with iXblue to bring “DriX”, a new autonomous unmanned surface vessel (AUSV), to the European market. DriX is specifically designed for both coastal and offshore missions, and manufactured using composite materials. The vessel offers up to 7 days of data acquisition endu
RMT to Protest in Aberdeen over Offshore Workers Discontent
RMT, the union for seafarers and offshore workers, will take its SOS 2020 campaign for ending employment barriers to more jobs and training for UK seafarers and offshore workers to Aberdeen today, Monday, February 26. In a two-stage demonstration, the union will protest outside the constituency offi
Oceanteam Ends 2017 in Profit; Axes CSV Tampamachoco Deal
Oslo-listed Oceanteam has booked net profit of $11.7 million for the year 2017, against $22.3 million loss in 2016. For the twelve months of 2017, the Norwegian-Dutch offshore service provider generated $35.5 million in revenues, down approximately 15% compared to $41.8 million for the same period i
Solstad Farstad Secures Work for Normand Flower with Fugro
Solstad Farstad (SOFF) has entered into a contract with Fugro Netherlands Marine for the construction support vessel (CSV) Normand Flower, for operations in North European waters. The contract has a firm duration of six months and it is planned to start at the end of March this year, the company inf
Fugro Leads World’s Ocean Floor Mapping
Fugro has informed that it is leading the marine survey industry in support of NF-GEBCO Seabed 2030, a global initiative to produce a high-resolution bathymetric map of the entire world’s ocean floor by the year 2030. The Seabed 2030 initiative is being facilitated by the General Bathymetric Chart o
Wood Leads Study into Subsea Cables Seabed Stability
Wood has led a joint industry project (JIP) to improve knowledge and understanding of submarine cables behaviour on the marine environment and rocky seabed. The CABILITY: Cable On-bottom Stability JIP, which gathered key industry players including EDF Energies Nouvelles, RTE, Naval Energies, VBMS, L
Expro Inks Tech Agreement with Vision iO
Expro has signed a global agreement with downhole video and camera technology specialist Vision iO. The agreement with Vision iO will augment Expro’s existing offering with the Norwegian-based company’s suite of camera technologies, including its WellCAM visual logging platform. Dave Bowman, vice pr
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 19 – February 25). https://subseaworldnews.com/2018/02/21/subsea-7-buys-into-xodus-group/ https://subseaworldnews.com/2018/02/23/schlumberger-subsea-7-negotiate-new-joint-venture/ https://sub
Kriegers Flak Sees Second Gravity Based Foundation in Place
Only a few days after the first gravity based foundation (GBF) was installed, the project team of Jan De Nul Group floated off and installed the second and even larger GBF for the offshore wind farm Kriegers Flak in Denmark. According to the company, the installation operation of this 10,000-tonnes
Solstad Farstad Books $146M Loss
Norwegian owner and operator of offshore vessels Solstad Farstad has recognized loss of 1.15 billion Norwegian Kroner (NOK) (USD 146 million) in the final quarter of 2017, up from 1,5 billion Kroner (USD 190.5 million) in the corresponding comparable period in 2016. Solstad Farstad is the result of
RTS Becomes Kongsberg Maritime’s Agent in Norway
Kongsberg Maritime has appointed RTS as a dealer for their range of hydroacoustic equipment and subsea positioning systems in Norway. The companies have also agreed to jointly invest in a rental pool consisting of Kongsberg’s full range of acoustic positioning systems and accessories. In addition, K