Italian oilfield services player Saipem has reported loss in 2018 of €472 million ($538 million), on revenues of €8.5 billion ($9.7 billion). This result compares to net loss of €328 million ($374 million) on revenues of €9 billion ($10.3 billion) for the twelve months of 2017. Revenues in the Q4 20
Magseis Fairfield has signed a letter of award (LOA) for a three months data acquisition program in the North Sea. According to the Norwegian seabed seismic services player, the survey is scheduled to start in Q3 2019 and will be acquired by the vessel Artemis Athene. The client and financial detail
Peruvian offshore operator Naviera Tramarsa has extended its underwater robotic vehicle fleet with a new Cougar XT from Saab Seaeye to enter operations in May 2019. The Cougar XT joins their Saab Seaeye Falcon, operated by Naviera Tramarsa for 10 years. The company’s main activity is the inspection
Solstad Offshore (SOFF) and Subsea 7 have agreed to extend the contract for the construction support vessel (CSV) ‘Normand Subsea’ for four years. The duration of the contract is now firm until December 31, 2023, plus two yearly options thereafter. Normand Subsea, an offshore vessel built to perform
Engineering and construction specialist Subsea 7 has seen profit cut by some 37 percent in the quarter ended December 31, 2018 on activity drop in renewables and heavy lift business units and increased expenses and tax charge compared to the prior year comparable period. The Oslo-listed firm posted
Fugro has secured a contract to undertake marine site characterization work at the Hollandse Kust (west) wind farm zone, off the Dutch coast. Fugro secured the deal through a tender process, which represents the largest geotechnical site characterization programme tendered by the Netherlands Enterpr
Xodus Group has grown its team in Perth by almost 50% after a batch of new contract wins in the Asia-Pacific (APAC) region over the last twelve months. Xodus’ APAC office saw its revenue increase by more than half and has already secured AUD 1.2 million worth of work in the first few weeks of [&hell
Rotech Subsea has signed a frame agreement to become excavation provider for DeepOcean RECONNECT. DeepOcean has established RECONNECT to provide a reliable and effective cable repair service, as well as providing periodic inspection and monitoring of cable integrity, to reduce the likelihood, time a
Osbit Limited has secured a contract with Global Marine Group to supply multi-function pre-lay and backfill subsea plough. The plough, named Scion 240, represents the fourth major trenching system contract Osbit has secured in two years. The system is fully subsea adjustable and features a surveilla
Maritime Developments has secured a flexible installation project offshore Ghana. The work scope covers an installation of a flowline using MDL third-generation reel drive system, operated by the MDL offshore service team. The equipment was loaded out in components from MDL’s Peterhead, Scotland fac
Searcher Seismic, in cooperation with BGP, has completed the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea. The Triok survey comprises of 3,845 kilometers of 2D long-offset, high-resolution, broadband seismic and offers an extensive reg
Subsea 7 has been awarded a contract by BP for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea. Under the terms of the five-year agreement, i-Tech Services will provide a Life
The US Navy has completed developmental testing for the AN/AQS-20C mine-hunting sonar system at Naval Surface Warfare Center, Panama City Division. The AQS-20C is the next generation of the AN/AQS-20 system designed to be incorporated into the Littoral Combat Ship Mine Countermeasures Mission Packag
Seismic player Polarcus has reduced quarterly loss when compared to fourth-quarter 2017 as revenues increased close to 80 percent. The Oslo-listed company reported net loss for the quarter ended December 31, 2018 of $18.1 million, versus loss of $91.7 million in Q4 2017. However, Polarcus’ loss wide
