Subsea
N-Seatec Wins Order for IP Zoom Cameras
N-Seatec, the Netherlands-based technical solutions provider, has received an order for a number of HD IP Zoom Cameras. In total 7-off Bowtech HDZ10 cameras will be supplied to an offshore contractor. These 4000-meter rated wide angle zoom cameras are full HD with network capabilities. Delivery incl
STR Names New Technical Operations Manager
Subsea Technology & Rentals (STR) has appointed Kirsty Ferris as technical operations manager. The company, which specializes in the design, production and rental of advanced subsea technology, has made this appointment following a sustained period of growth and recent expansion into Aberdeen. Neil
Lundin and TechnipFMC to Make More Projects Profitable
Lundin Norway and TechnipFMC will collaborate in an effort aimed at making more development projects on the Norwegian shelf profitable. The plan calls for better utilization of the expertise in both companies to identify the smartest solutions. The companies are planning a new contract format where
Teledyne Gavia Gets 6000-Meter Rated AUV Project
Provider of autonomous underwater vehicles (AUVs), Teledyne Gavia, has recently been awarded a contract for the supply of a 6000-meter rated AUV for deep water search and recovery applications for delivery in 2018. The newly-designed SeaRaptor AUV will incorporate a broad range of Teledyne content i
Kongsberg Maritime Swings to Profit
Kongsberg Maritime (KM) has reported third-quarter 2017 revenues at NOK 1.81 billion, relatively flat with NOK 1.85 billion in the corresponding period in 2016. Kongsberg’s largest business area has seen order intake in the quarter at NOK 1,67 billion, resulting in an accumulated order intake at qua
PGS Reorganizing Business
Norwegian seismic player Petroleum Geo-Services (PGS) is changing its company model to adjust to weaker and more uncertain than before seismic market as it saw its loss widened at $190 million for the quarter ended September 30, 2017 from $29 million same time last year. The new organization should
Aker BP Hires DeepOcean for Subsea IMR Works
Aker BP has awarded a contract to DeepOcean for subsea inspection, maintenance and repair (IMR) activities. The contract has a total market value of minimum NOK 300 million during the initial three years, with an option to continue the activities for an additional six years (2+2+2). The contract inc
TechnipFMC Eyes Subsea Comeback, Nets $121M in Q3
TechnipFMC has reported third-quarter 2017 net income of $121 million and diluted earnings per share of $0.26. Excluding charges and credits, adjusted diluted earnings per share were 39 cents. Profit for the prior-year comparable period was $327 million on pro forma basis. Total company operating pr
VBMS Nets Moray OWF East Inter-Array Cable Deal
VBMS, a subsidiary of Royal Boskalis Westminster, has signed a Preferred Bidder Agreement for the supply and installation of the inter-array cables for Moray Offshore Windfarm East (MOWE) in the UK. MOWE is a joint venture company owned by EDP Renewables (77%) and ENGIE (23%). The contract award is
Neptune Bags Quadrant Energy Contract
Neptune Survey has been awarded Quadrant Energy’s rig positioning contract for 2018. Quadrant Energy has contracted Transocean’s semi-submersible MODU ‘Development Driller-1’ for the three well campaign. The campaign is due to run over an estimated 200 days, starting in the first quarter 2018. Neptu
Management Buyout for UK’s Salos Sunesis
Offshore oil & gas performance improvement specialist, Salos Sunesis, has recently carried out a management buyout, which has enabled director Grant Wallace to acquire the Aberdeen-based company from founder Ty Crandall. The company was formed 21 years ago, and during this time the team has assisted
Ocean Energy Europe 2017 Event Kicks Off
Europe’s leading ocean energy industry will assemble in Nantes, France today at the Ocean Energy Europe 2017 Conference & Exhibition to assess its progress towards commercialisation. Despite political uncertainties, the sector has demonstrated its resilience over the past 12 months by generating rec
Monaco Oceanography Institute Utilizes ECA Group’s ROV
ECA Group has delivered a fully equipped H800-1000 remotely operated vehicle (ROV) to Monaco Oceanography Institute, for coral reef sampling and analysis. Oceanography scientists check the status of the deep coral reefs by collecting samples of coral and surrounding water, for further analysis. What
Ardyne Names New Chairman
Aberdeen-based plug and abandonment and slot recovery technology specialist, Ardyne, has appointed Paul Warwick as non-executive chairman. Warwick has been a non-executive director of Ardyne since shortly after the launch of the company in 2016. He will take on the role of non-executive chairman fro