Subsea
Ashtead Technoloy Boosts Multibeam Echosounders Fleet
Ashtead Technology, an independent subsea equipment rental company, has spent USD 2 million to bolster its fleet of multibeam echosounders. The company made a deal with R2Sonic for 12 systems, to support customer’s requirements. David Mair, business development director of Ashtead Technology, said:
Dril-Quip Reports Q2 Loss
Dril-Quip has reported net loss of $3 million, or $0.08 per diluted share, for the three months ended June 30, 2018, versus net income of $15 thousand for the second quarter of 2017. Total revenues were $95 million during the quarter, down 26 percent compared to $128 million for the same period in 2
Oceaneering Swings to Quarterly Loss
Subsea engineering specialist Oceaneering has reported net loss of $33 million, or 34 cents per share, for the three months ended June 30, 2018. Adjusted net loss was $23 million, or $23 cents per share. During the corresponding period in 2017, the Houston-based company reported profit of $2.1 milli
TechnipFMC Sees Profits Slide
TechnipFMC has reported second-quarter 2018 profit of $106 million or 23 cents per diluted share. The services major has seen a 36 percent decrease compared to net profit of $165 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Re
Keppel Shipyard Names Perenco’s FPSO La Noumbi
Keppel Offshore & Marine’s wholly owned subsidiary, Keppel Shipyard has held a naming ceremony for the floating production storage and offloading vessel (FPSO) for Dixstone holdings, an affiliate of Perenco. The FPSO, converted from the crude oil tanker, was named La Noumbi at Keppel Shipyard which
Polarcus Cuts Deficit
Seismic player Polarcus has reduced quarterly loss when compared to second-quarter 2017 as revenues increased some 24 percent. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $8 million, versus loss of $34 million in Q2 2017. Sequentially, Polarcus slipped into red f
EMGS Reports Weaker Quarter
Norwegian geophysical services company EMGS has recorded slightly lower results when compared to second-quarter 2017, with net loss widened by some 200K. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $6.2 million or 6 cent per share, versus loss of $6 million in Q2
Subsea 7 Revenue Up But Profit Cut in Half
Oslo-listed Subsea 7 has seen profit cut by close to 50 percent in the quarter ended June 30, 2018 on fewer large projects, lower margins and lower activity levels in some of its business units. The subsea engineering and construction specialist posted quarterly profit of $74 million, or $24 cents p
CGG Adds New CFO
CGG has appointed Yuri Baidoukov as group CFO, effective September 1, 2018. Yuri Baidoukov will be based in Paris and report to the chief executive officer, Sophie Zurquiyah. “I am very pleased that Yuri has agreed to join CGG and look forward to having him on the executive team,” said Sophie Zurqui
TechnipFMC Lands Gorgon Subsea Deal in Australia
TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Phase 2 development, located offshore Western Australia in water depths ranging from 250 to 1,340 meters. The contract covers the project management and engineering, transportation, installation and pre-c
Castoro 10 Prepares for Nord Stream 2 Pipelaying
The offshore installation barge ‘Castoro 10’ (C10) has started preparatory works for Nord Stream 2 pipelaying in the Baltic Sea. The C10 assumed its starting position with the help of its eight anchors in the shallow waters of Lubmin, Germany. During operations, pipe segments are welded together on
Solstad Farstad Secures Contracts for Two Vessels
Solstad Farstad (SOFF) has secured contracts for two of its construction support vessels (CSVs) Nor Australis and Normand Pacific. The company has entered into a contract with Magseis for the CSV Nor Australis for operations in South East Asia using proprietary MASS nodes. The project includes sever
Saipem Posts Wider 1H Loss, Maintains 2018 Guidance
Italian oilfield services player Saipem has reported loss in the first half of 2018 of €323 million ($377.5 million), on revenues of €3.8 billion ($4.4 billion). This result compares to net loss of €110 million ($128.6 million) on revenues of €4.6 billion ($5.4 billion) for the first six months of 2
Sabertooth Pairs with Smartrak
Innovatum has teamed up its Smartrak magnetic sensor system to a Saab Seaeye Sabertooth autonomous robotic vehicle to hunt down and survey buried submarine pipelines, energy cables and communication cables. The Sabertooth is said to be the only autonomous vehicle able to handle the out-rigged Smartr