Forum Energy Technologies recorded loss in the second-quarter 2019 of $14 million, or $12 cents per diluted share, compared to loss of $15 million, or $14 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $7 cents per diluted share, with revenue
Norwegian geophysical services company EMGS has reduced its quarterly loss as revenues almost doubled for the period ended June 30, 2019. The Oslo-listed company reported net loss for Q2 2019 of $2 million or 2 cents per share, versus loss of $6.2 million in Q2 2018. Revenues for the quarter rose at
French company iXblue has appointed Thomas Buret as chief operating officer Buret is taking over from Fabien Napolitano, who takes up duties as chief executive officer of the Group. Committed to a cycle of strong growth and innovation on all its markets (civil, space and defense), the company is now
Swiber’s wholly-owned subsidiary, Swiber Offshore Construction (SOC) has entered into a shareholder’s agreement with Hilong Marine Engineering (HME) to incorporate and operate a joint venture company in Singapore The shareholders (51% Hilong and 49% Swiber )have named the new company – Ocentra Offsh
Balltec has completed the installation of four subsea adjustable mooring connectors and H Links for FloatMast Blue project on behalf of Streamlined Naval Architects in Greece. Streamlined’s FloatMast Blue Floating Met Mast Tension Leg Platform is installed off the Greek island of Makronisos as a dem
Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in
Oceaneering has reported a net loss of $35 million, or 36 cents per share, for the three months ended June 30, 2019. The result compares with net loss of $33 million same time last year. During the prior quarter ended March 31, 2019, Oceaneering reported a net loss of $25 million, or 25 cents per [&
Williams has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell Offshore, who is the operator, and CNOOC Petroleum Offshore U.S.A. (CNOOC). The pipeline extends 54 miles from the Shell-operated Appomattox Floating Production System in 7,400
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,
TechnipFMC has reported second-quarter 2019 profit of $97 million or 21 cents per diluted share. The services major has seen a 8 percent decrease compared to net profit of $106 million same time last year. The results were affected by after-tax charges and credits totaling $78.6 million of expense,
Tenaris has been awarded the offshore export pipeline for the Noble Energy’s Alen Gas Monetization Project in Equatorial Guinea. This 70-kilometer pipeline will be constructed to transport natural gas from the Alen offshore platform to existing onshore processing facilities on Bioko Island. The proj
Lattice Energy (Lattice), wholly owned subsidiary of Beach Energy (Beach), proposes to undertake geophysical and geotechnical seabed assessments within eight titles in the Otway Basin in Commonwealth waters. The seabed assessment is required to inform the future drilling of offshore subsea gas wells
Eni’s exploration well, located in block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect. Eni Vietnam is the operator of Block 114 with a 50% share, while ESSAR E&P holds the remaining 50%. The exploration well Ken Bau 1X has been drilled
