Subsea
DOF Subsea Books Quarterly Loss
DOF Subsea, a subsidiary of DOF Group, reported net loss in the first-quarter 2017 of NOK 124 million ($14.4 million), compared with profit of NOK 316 million ($36.7 million) in the corresponding period in 2016. Sequentially, the net loss was narrowed from NOK 430 million or $51.5 million. In the fi
DOF Subsea Mulls Oslo Exchange Comeback
DOF Subsea and its shareholders, DOF ASA owning 51%, and a fund managed by First Reserve owning 49%, have decided to start reviewing the opportunity for the company to apply for a listing on Oslo Stock Exchange. The Norwegian provider of subsea services has previously been listed on the Oslo Stock E
Aqua Comms Boosts Executive Team
Aqua Comms, the operator of Ireland’s first dedicated subsea fibre-optic network interconnecting New York, Dublin and London, has appointed two new members to its executive leadership team. Andy Hudson has been named chief networks officer and Kevin Foley has been named chief financial officer. Huds
SengS Gets New Managing Director
Engineering services firm SengS has strengthened its senior team with the appointment of a new managing director and secured new deals which will take its turnover for this financial year past the £2 million mark for the first time. Formerly the company’s operations manager, Peter Thomson has taken
HYPACK Expands Team, Sets Up Germany Office
HYPACK, a software developer for the hydrographic and dredging industry, has appointed Dr. Peter Ramsay as business development leader and opened a new European office in Germany. Ramsay was previously a director at Marine GeoSolutions Pty Ltd in Australia. He will be seeking further growth at HYPAC
Centrica Gets Green Light for Oda Field Development
Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation of Centrica-operated Oda field, located in the North Sea licence PL 405. The operator of the field, on behalf of the partners, submitted the development plan in 2016. The proposed development will include
Infinera, Canalink Conduct Field Test over Subsea Cable
Infinera has conducted subsea field test with Canalink across its subsea cable. The test, conducted with the Infinera Infinite Capacity Engine (ICE4) and featuring Infinera’s fourth-generation photonic integrated circuit (PIC), demonstrated the capability to upgrade the cable capacity 13-fold. The t
Atlantis Subsea Farming Asks for More Development Permits
Atlantis Subsea Farming has decided to appeal the decision by the Norwegian Directorate of Fisheries regarding the awarded development licenses for its submersible fish-farming project. In January 2016, the Norwegian company applied for 6 development licenses of which 2 were approved by the Director
Saipem Scores Liza SURF Job with ExxonMobil
Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil. The Liza field, located approximately 120 miles offshore Guyana at a water depth of 1,800 metres, is a subsea developm
Xodus and Green Marine in Renewables Alliance
Xodus Group has formed a partnership with Orkney-based Green Marine to launch a new service for the maintenance of offshore renewable assets. The lifecycle approach will utilise Xodus’ new integrity management software tool XAMIN to capture and monitor live data from offshore marine assets with Gree
TGS Back in Black
Geophysical contractor TGS has posted first-quarter 2017 net profit of $1.6 million, compared to net loss of $20 million in the same period in 2016. This comes down to quarterly earnings per share (fully diluted) of $0.02, against $0.20 loss per share same time last year. The Oslo-listed firm genera
Fugro Kicks Off Mareano Survey in Barents Sea
Fugro has begun a hydrographic survey encompassing an area of Norwegian waters of approximately 15000 square kilometres. The contract was awarded by the Norwegian Hydrographic Service and has a value of 34.5 million NOK (approximately €3.8 million). The survey is part of the Mareano programme, for w
2G Robotics, Sonardyne Enter Collaboration Agreement
2G Robotics and Sonardyne International, UK, have entered into a formal collaboration agreement. The two organisations are working together on the development and promotion of a dynamic underwater laser mapping solution which reduces the time needed to survey seafloor sites and offshore structures.
Wood Group Men Work with NSRI to Diversify Subsea Sector
Two engineers from Wood Group have supported the National Subsea Research Initiative (NSRI), the technology arm of industry body Subsea UK, in its drive to speed up the development and implementation of near to market technologies in the subsea sector. Jamie McCallum and Christer Fjellroth, who are