Subsea
EMGS Confirms South America Survey
Electromagnetic Geoservices (EMGS) has confirmed the contract award for a survey in South America. Earlier this month the company started preparations for the potential data acquisition survey with an undisclosed customer. The company has now received a letter of award for the contract, with a total
Dril-Quip Records Q3 Loss
Dril-Quip has reported net loss of $10.4 million, or $0.28 loss per diluted share, including restructuring costs of $3.7 million. During the corresponding period in 2017 the company reported net loss of $29.3 million, or $0.78 per diluted share. Total revenues were $93.3 million during the quarter,
OEEC 2018: Keep Exploring, Keep Inspiring, Keep Transforming
Offshore Energy Exhibition & Conference 2018 brought together 550 exhibitors and over 10,000 unique visitors in Amsterdam RAI, with the conference and side events attracting over 1,000 delegates. Offshore Energy 2018 kicked off with a Opening Gala Dinner and Awards Show at the National Maritime Muse
Ithaca Gets Approval for Jacky Decommissioning Program
Ithaca Energy has secured an approval from the UK authorities for Jacky field decommissioning program in the North Sea. The approved two decommissioning programs consist of Jacky field installations and Jacky field pipelines. According to the decommissioning plan the wellhead platform and midline te
KNUD E. HANSEN, DTU Aqua Work of RV DANA IV Replacement
KNUD E. HANSEN and DTU Aqua at Technical University of Denmark have signed a contract on consultancy assistance for a project study and concept design of a 65 meter multidisciplinary marine research vessel to replace the aging R/V DANA IV from 1981. The concept study will clarify design drivers and
Fugro in Inspection Services Deal with Qatargas
Fugro has secured a 5-year call off contract with Qatargas Operating Company Limited (Qatargas) to provide underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar. Utilizing its purpose-built survey vessel Fugro Proteus, Fugro will undertake geophysical and
DARE1 Submarine Cable Supply Deal in Force
TE SubCom supply contract for the Djibouti Africa Regional Express 1 (DARE1) submarine cable system has come into force, Djibouti Telecom and Somtel informed. The 5,400 km DARE1 submarine cable system is the first step in a planned expansion into eastern Africa, which connects Djibouti (Djibouti), M
Oceaneering Finalizes Scale Squeeze Ops for AOC in UK
Oceaneering has completed scale squeeze operation on behalf of Anasuria Operating Company (AOC) in the UK. Oceaneering UK was contracted by AOC as the lead contractor to deliver the Anasuria 2018 Teal P2 scale squeeze project, located approximately 190 km east of Aberdeen. The Anasuria Cluster consi
Norway and Russia Agree on Barents Sea Seismic Acquisition
Norwegian Minister of Petroleum and Energy Kjell-Børge Freiberg and Russian Minister of Natural Resources and Environment Dmitry Kobylkin signed an agreement on mutual rights to seismic acquisition in the Barents Sea. “The agreement is a natural follow-up of the signing of the Delimitation Agreement
Jan De Nul Names Its Newest Offshore Installation Vessel
Jan De Nul Group has named its newest offshore installation vessel Taillevent, in the Belgian port of Ostend. Pauline Stassijns, granddaughter of director Dirk De Nul, baptised the vessel during the ceremony. In July 2018, Jan De Nul acquired this offshore installation vessel, at that time MPI Disco
Oceaneering Posts Q3 Loss
Oceaneering International has reported a net loss of $66.0 million, or $(0.67) per share, on revenue of $519 million for the three months ended September 30, 2018. Adjusted net loss was $13.9 million, or $(0.14) per share, excluding the impact of $56.5 million of certain tax adjustments, the after-t
TechnipFMC Sees Profit Rise Despite Lower Revenues
TechnipFMC has recorded higher profit in the third quarter of 2018, despite lower revenues. During the third quarter of 2018, the company reported net profit of $136.9 million, or $0.30 per diluted share, compared to $121.0 million in the same period of 2017. Total revenue was $3.1 billion compared
Partners Submit SNE Field Development Plan (Senegal)
Cairn and its partners have submitted the Development and Exploitation Plan for the SNE field offshore Senegal to the Government of Senegal. Furthermore, Cairn has informed that JV partner Woodside Energy has exercised its option to become operator of the SNE field development. Work is already well
Golden Energy Secures Financing to Buy Two Vessels from Neptune Subsea
Golden Energy Offshore Services has secured financing and reached an agreement with Neptune Subsea to acquire its two IMR & light construction vessels Larissa and Despina. The purchase price is USD 39 million per vessel and the seller has agreed to subscribe to USD 8 million of shares in the company