Subsea
Magseis Sees Deficit Grow
Norwegian seabed seismic services player, Magseis, has seen red ink at the end of the third quarter 2016 as it booked impairment of asset related to the conversion of seismic node technology. The Oslo-listed company has seen its revenue up to USD 13 million from USD 12.8 million same time last year.
UK Scientists Release Underwater Noise Study
The Centre for the Environment, Fisheries and Aquaculture Science (Cefas) has teamed up with Marine Scotland Science and the University of Exeter to analyse underwater noise data from subsea sound recorders located around the UK coast. The results of the Defra-funded study have now been published in
AxFlow Acquires Process Partner (Norway)
AxFlow has extended its business in Norway with the acquisition of Process Partner, experts in process instrumentation, calibration and gas detection equipment for offshore and onshore industries. With 570 employees and sales of €175 million, AxFlow is the distributor of industrial fluid handling eq
AutoNaut Becomes Partner of NOC Innovation Centre
AutoNaut Ltd has formally become a partner with the Marine Robotics Innovation Centre. A desk in the innovation centre will be utilized by AutoNaut technical and business development personnel to work alongside the NOC’s marine autonomy and robotics team. The NOC first worked with AutoNaut in 2013 o
China Selects Sonardyne Acoustics for Six New Research Vessels
Sonardyne Asia has informed that its Ranger 2 underwater acoustic positioning technology has been selected for six new Chinese scientific research vessels. The new order, announced during the OI China exhibition and conference in Shanghai, follows last month’s news that the Polar Research Institute
Oceanteam Narrows Loss
Oslo-listed Oceanteam has booked net loss of some $600K for the third quarter ended September 30, 2016. This result compares with $6 million loss in the corresponding period in 2015. The Norwegian-Dutch offshore service provider generated $11 million in operating revenues, down approximately 16% com
Aker BP Begins Production from Viper and Kobra
Aker BP has started the production from Viper-Kobra project, which is tied back to the Alvheim FPSO. “The Viper-Kobra project is developed on time, on budget and is a small, but important project for Aker BP. Viper-Kobra leverages on the existing infrastructure in the Alvheim area, thus ensuring max
Subsea 7 Ups Q3 Result
Oslo-listed Subsea 7 has lifted its profit in the third quarter ended September 30, 2016, on high utilisation of its active fleet, combined with previously announced cost cuts and more favorable tax rate, compared to the prior-year quarter. Despite revenue drop of 23 percent compared to Q3 2015, the
GWL Acquires Barents Sea Seismic Data with Its New Technology
Geology Without Limits (GWL) explored the Barents Sea’s Norwegian shelf segment employing its new FloatSeis marine seismic technology. GWL markets FloatSeis as marine seismic technology that amends CDP reflection method with refracted waves data. Using custom seismic equipment in addition to both 2D
Interoute Opens Dual Entry to Europe from SEA-ME-WE 5 Cable
Interoute has opened dual entry into Europe through France and Italy from the South East Asia–Middle East–Western Europe 5 (SEA-ME-WE 5) submarine cable. Interoute will connect digital traffic from Africa, Asia and the Middle East via its Point of Presence (PoP) in Marseilles, France and OHM Data Ce
Li-S Battery Development Project Moves Forward
Steatite has completed the first phase of a 24-month project to develop a pressure-tolerant lithium sulphur (Li-S) battery pack that can improve the endurance and speed of ‘deep-dive autonomous underwater vehicles (AUVs). According to the company, after the demonstration that Li-S cells can operate
Saipem Wins USD 1 Billion in New Contracts
Saipem has been awarded new contracts and change orders in the E&C offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering, procurement, installation, construction), under
Statoil Hires Metas for LoVe Upgrade
Bergen-based Metas has been awarded a contract from Statoil for the upgrade of the LoVe ocean observatory. The Lofoten-Vesterålen Cabled Ocean Observatory (LoVe) is a Norwegian infrastructure for marine research, monitoring and subsea technology development. The contract will cover an upgrade of LoV
Red Ink for GC Rieber
Norwegian offshore vessels provider, GC Rieber Shipping, has recognised quarterly loss of NOK 233.5 million, compared with NOK 25.3 million profit in the third quarter of 2015. The negative result in the third quarter 2016 is mostly due to impairment of the seismic fleet of close to NOK 127 million