Subsea
Allspeeds Boosts Manufacturing Capabilities
Accrington-based, hydraulic tools specialist, Allspeeds, has invested over £150,000 in a new vertical machining centre at its Accrington manufacturing facility in Lancashire. The Hartford Plug & Play Series MVP-16 will streamline production of larger Webtool cutting tools, significantly reducing man
Hurricane Finalizes Lancaster Turret Mooring Installation
Hurricane Energy has informed that the turret mooring system, including the newly-constructed buoy for the Aoka Mizu FPSO, has been installed at the Lancaster field in UK. The installation, part of the LancaOster Early Production System (EPS) development, is a subject to final classification society
CGG Swings to Q2 Profit
French geoscience expert CGG has reported net profit of $49 million for the quarter ended June, 2018, against net loss of $170 million same time last year. For the second quarter 2018, the company generated $314 million in revenue and operating income of $26 million, against revenue of $350 million
SeaBird Wraps Up Geowave Voyager Buy
SeaBird Exploration’s acquisition of the seismic vessel ‘Geowave Voyager’ from Exploration Vessel Resources II, a wholly owned subsidiary of CGG, has become effective and unconditional. The agreement became unconditional following the technical inspection of the vessel, the company informed. SeaBird
Seatronics Expands Hydrographic Survey Equipment Inventory
Seatronics, an Acteon company, has doubled its stock of Sonic 2024 Multibeam Echosounders with the acquisition of eleven new systems from long-term supplier R2 Sonic. Responding to increased need for hydrographic surveys, Seatronics have more than doubled their stockholding of Sonic 2024 systems wit
Advance Global Recruitment Appoints Finance Director
Energy industry recruitment specialists, Advance Global Recruitment Limited (AGR) has appointed Mark Scott as finance director. Scott has held CFO and FD positions within international businesses over the past 8 years. Prior to that Scott was a senior consultant with PKF (now BDO) providing financia
TGS Starts West of Shetlands Seismic Survey
TGS has began the acquisition of the new Erlend Wild West multi-client 3D seismic data West of Shetlands. This survey will cover a minimum of 1,000 km2 in the UK West of Shetland region and ties into TGS’ existing EW12 3D data. TGS will harness its acquisition and broadband processing expertise in t
TGS Hikes Profits
Geophysical contractor TGS has posted second-quarter 2018 net profit of $46 million, compared to profit of $10 million in the same period in 2017. This comes down to quarterly earnings per share (fully diluted) of 45 cents, against 9 cents profit per share same time last year. The Oslo-listed firm g
Kraken Wins Deep-Sea Battery Contract with Ocean Infinity
Kraken Robotics said it has agreed a deal for Ocean Infinity to purchase $9 million of Kraken’s deep-sea batteries. According to the company, delivery dates are expected between Q4 2018 and Q4 2019. Kraken will arrange for these batteries to be built by Kraken Power, an entity in which Kraken curren
Eni Gets Nod for Amoca, Miztón and Tecoalli Developments
Mexico’s National Hydrocarbon Commission (CNH) has approved Eni’s Development Plan (PoD) for the discoveries of Amoca, Miztón and Tecoalli, located in Area 1 in the shallow waters of the Campeche Bay in Mexico. This achievement comes 32 months after Eni signed the Area 1 Production Sharing Contract
Add Energy Strengthens Team with VP Appointment
Add Energy, the international energy consultancy and software provider, has appointed Damon Bowler as vice president of its Asset and Integrity Management division. Dr Bowler will focus on driving the firm towards achieving its growth plans by overseeing the direction of the division, with a specifi
Bhagwan Marine Adds Two New Vessels to Its Fleet
Bhagwan Marine has expanded its fleet with two new DP2 vessels, the CMV Athos and the DP2 SeaMaster. The CMV Athos is a 65-meter ABS classed multi-purpose anchor handling tug supply (AHTS) vessel, and the DP2 SeaMaster is a 40-meter multi-purpose catamaran suited for in-field maintenance and repair
Fugro Loss Shrinks
Dutch subsea and survey specialist Fugro has posted net loss of €40 million for the first half of 2018, against net loss of €96 million in 1H 2017. The company’s revenue on currency comparable basis increased close to 17 per cent from €774 million in 1H 2017 to €797 million in 1H 2018. Fugro’s marin
McDermott Hires Royal IHC for Amazon Modification
McDermott International has awarded Royal IHC a modification contract to convert its pipelay and construction vessel Amazon to an ultra-deepwater J-Lay vessel. The Amazon will be capable of installing hex-joints up to 60 centimeters in diameter on a worldwide basis. IHC will be responsible for the o