Oslo-listed SeaBird has narrowed its quarterly loss for the period ended March 31, 2019 as revenues picked up on higher utilization, compared to prior-year first quarter. The seismic data provider for oil and gas companies posted loss of around $0.5 million for the first quarter of 2019, compared to
London-based private equity firm Blue Water Energy has acquired Pipeline Technique Limited (PTL), a provider of pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (HMC). PTL is headquartered in Huntly, UK with additional worksites in
Hellenic Cables – Fulgor SA has awarded a contract to Vos Prodect Innovations BV, to design and deliver sealed cable hang-off systems for 6 high voltage sealed cable hang-off systems. The cable hang-off systems will be installed on 3 platforms offshore Belgium. The Cable hang-off systems are designe
Searcher Seismic has expanded the Argentina Super-Tie 2D Reprocessing Project to include all available 2D seismic data in the Malvinas and Austral Basins. This follows from the success of Phase 1 which specifically targeted the recent offshore bid round. The reprocessing effort will utilize a modern
Guernsey Electricity has confirmed that the activity is underway to lay the new subsea cable which links the Island to Jersey. Exploratory and research work has been carried out underwater and the cable is currently under construction in Sweden. An environmental survey along the cable route in Guern
Reach Subsea has widened its quarterly deficit for the period ended March 31, 2019 but still managed to stay close to prior-year comparable period despite noticeable revenue drop. For the first quarter 2019, the Norwegian contractor booked comprehensive loss of NOK 19.7 million on revenues of NOK 67
Soil Machine Dynamics (SMD) has delivered a 2400hp Cable Burial Tractor (CBT2400) to Boskalis. The CBT2400 and associated deck equipment were mobilized directly onto Boskalis’ specialist cable lay vessel, the Ndeavor from the Swan Hunter quayside access point adjacent to SMD’s production facility. T
Dutch offshore contractor Van Oord has completed the installation of inter-array cables at Northland’s German offshore wind project, Deutsche Bucht. According to Northland Power, the second phase of the cable installation, cable burial, should begin shortly. The cable-laying campaign was carried out
China’s research vessel KEXUE has started a 20-day long survey over a series of seamounts in the south of the Mariana Trench. According to Chinese Academy of Sciences (CAS), the vessel will explore four seamounts in the area. The vessel’s Discovery remote operated vehicle (ROV) already dived into th
ABB has won a contract from Arctic Offshore Farming to power its first-ever remote controlled submersible offshore salmon farm in the Arctic Ocean. ABB will provide a comprehensive package of its electrical, automation, instrumentation and telecom technologies. With the global market volume of salmo
Seabed seismic services player Magseis Fairfield has posted loss in the first quarter of 2019. The Oslo-listed company has seen its revenue at USD 120 million, up from USD 25 million same time last year (excluding Fairfield and WGP Group revenue). First-quarter EBITDA came at 16 million, against EBI
Oceaneering International has officially christened its newest vessel, MSV Ocean Evolution in Galveston, Texas. The Houston-based subsea engineering specialist recently took delivery of the advanced subsea construction support vessel. The vessel completed sea trials and received all necessary ABS an
SeaBird and BOA SBL have entered into final agreements to acquire the BOA Galatea and BOA Thalassa vessels. Earlier this month the company received bondholders approval for the acquisition. With the final agreements now signed, all conditions for completion of the Private Placement have been satisfi
Qatar Petroleum has awarded the FEED (front end engineering design) contract to McDermott for the North Field Expansion Project’s offshore pipelines and topsides facilities. The scope of this FEED includes engineering design for eight unmanned wellhead platform topsides, four 38” trunk lines and fou
