Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents
Namaka Subsea has recently completed a subsea operations support project for a hose replacement campaign in Asia. Earlier this year, Namaka Subsea engaged with a diving contractor who had been awarded its first major offshore project, which included the removal and installation of two subsea flexibl
JDR Cable System and Subsea 7 Norway have been awarded cabling contracts for Equinor`s Hywind Tampen project. JDR will be responsible for the design, procurement and fabrication of export and inter-array cables. The cables will be fabricated in Hartlepool in the UK. Subsea 7 has been tasked with ins
DOF Subsea and Kværner have signed a contract to collaborate and deliver marine operations for Equinor`s Hywind Tampen Project. The contract will be executed in a 50/50 partnership (joint venture). “Hywind Tampen will be the world’s largest floating offshore wind farm and is vital for industrialisin
Saipem and Wello have undertaken to work together for the successful execution of their first joint project. This will be in the framework of the memorandum of understanding signed last September regarding the deployment of WEC Penguin technology for the production of energy from marine waves. The p
A new DNV GL recommended practice (RP) has unlocked new opportunities for the oil and gas sector to deliver more cost-efficient and environmentally friendly subsea processing for improved hydrocarbons recovery. DNVGL-RP-F303 has been published following a joint industry project including participant
The Danish Energy Agency has granted a permit to Nord Stream 2 AG to construct a section of the Nord Stream 2 natural gas pipelines on the Danish continental shelf southeast of Bornholm in the Baltic Sea. The permit is granted pursuant to the Continental Shelf Act and in accordance with Denmark’s ob
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46%
Global Marine Group, a HC2 Holdings’ Marine Services Segment, has agreed to sell its stake in Huawei Marine Networks, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric. The sale of GMG’s interest values HMN at $285 million, and GMG’s 49% stake at approximately $140 million.
Aker BP, Schlumberger and Stimwell Services have signed 5+5 year tripartite agreement to establish Well Intervention and Stimulation Alliance to accelerate and boost oil production. The agreement was signed by the CEOs of the three alliance partners at Aker BP’s headquarter in Fornebu on Tuesday. Th
MODEC has signed a contract with ConocoPhillips Australia Barossa to supply a floating production storage and offloading (FPSO) vessel for the Barossa field, offshore Australia. The Barossa FPSO is intended to produce gas and condensate from subsea wells and after treatment, supply feed gas to the D
Eni, Cassa Depositi e Prestiti, Fincantieri and Terna have inked an agreement to set up a company for the development and manufacturing of wave-energy power plants. The agreement was signed in Ravenna by the chief executive officers of Cassa Depositi e Prestiti, Fabrizio Palermo, of Fincantieri, Giu
Fugro’s USA president Edward Saade has been reappointed by the US National Oceanic and Atmospheric Administration (NOAA) to its Hydrographic Services Review Panel (HSRP). The 15-member federal advisory committee comprises individuals with a range of maritime expertise to provide independent recommen
Oslo-listed Polarcus has been awarded a 4D marine seismic acquisition project offshore West Africa. The project is scheduled to start in Q4 2019, following a scheduled class docking. The acquisition is estimated to last approximately two months. The client and financial details have not been disclos
