Synterra Technologies has started preparations in Perth for the Xanadu seismic survey scheduled to start by the end of May. The survey is anticipated to be completed within four weeks of startup, with data processing and interpretation bringing results during Q4 2019, Norwest Energy, the operator of
Norwegian industry initiative GCE Ocean Technology (GCE Subsea) has become a member of the Norwegian Forum for Marine Minerals (NMM). The membership, among other things, should enable GCE to contribute to strengthening the Norwegian environment’s international contacts and influence in the field of
Houston-based McDermott has reported quarterly loss of $70 million, or 39 cents per diluted share, compared to profit of $35 million, or 37 cents per diluted share in the first quarter of 2018. Excluding $73 million of restructuring, integration and transaction costs, the adjusted profit for the fir
Seismic player Polarcus has booked quarterly loss when compared to first-quarter 2018, despite major revenue boost of some 145 percent in Q1 2019. The Oslo-listed company reported net loss for the quarter ended March 31, 2019 of $5.3 million, versus profit of $2.8 million in Q1 2018. The Q1 2018 res
The International Diving Industry Forum (IDIF) has been established to reduce and control the risks associated with energy industry diving operations carried out anywhere in the world. The IDIF was established by three industry stakeholders, the International Marine Contractors Association (IMCA), t
Aker Solutions has seen its profit go up in the first-quarter 2019 at NOK 149 million, or NOK 0.54 per share, versus net income of NOK 105 million, or NOK 0.38 same time last year. Excluding special items, Q1 2019 EPS was NOK 0.57. Sequentially, basic EPS was down NOK 0.04. The Norwegian services co
McDermott has recently completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. This was the second of two remaining work packages left under McDermott’s contract, which was the largest subsea contract ever awarded at the time. Most of the
James Fisher Subsea Excavation (JFSE) has boosted its team by a number of key appointments and promotions. The strategic appointments ensure that the team is best placed to anticipate and respond to client demands, the company said. Andrew Simpson has been appointed to the role of commercial and pro
Subsea Innovation, part of Tekmar, has designed, manufactured, tested and delivered two diver-installed 10-inch pipeline repair clamps to an undisclosed client. The clamps were designed in accordance with Subsea Innovation’s recently-acquired DNV GL Type Approval for temporary and permanent structur
Polarcus has elected Monish Sahni as a new board member with a term of office expiring at the company’s 2020 AGM. Sahni is a senior financial professional with 30 years’ experience in banking and hedge funds across Europe, Asia and the US. He has diverse sector experience including the shipping and
Modus has placed an order with Saab Seaeye for the next vehicle in its Hybrid Autonomous Underwater Vehicle (HAUV) fleet, the 3,000m rated Saab Sabertooth to be delivered in Q3 2019. The new system will be equipped with extended autonomous endurance and increased thrust for high speed survey and wil
Phoenix International (Australia) has selected Total Marine Technology (TMT) as a subcontractor in the submarine rescue service (SRS) contract for The Royal Australian Navy. The Submarine Rescue Service contract will be delivered on a four-year acquisition schedule, where TMT has been selected to de
Ørsted has awarded Boskalis the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract has a value over EUR 100 million and consists of three export cable circuits with a total length of approximately 380 kilometers. The project scope includes the preparation
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