Subsea
Applied Acoustics Wins Second Queen’s Award
The Lord Lieutenant for Norfolk, Richard Jewson, has presented Applied Acoustics’ Managing Director, Adam Darling, with the company’s second Queen’s Award. The award, in the International Trade category, is recognition of Applied Acoustics achievement in boosting export revenues over three years of
Red Ink for Dolphin
Norway’s Dolphin Geophysical has slumped into loss in the third quarter on restructuring charges and as revenues declined on weak market and contract delays. The Oslo-listed seismic player, recorded Q3 2015 net loss of USD 31.1 million, compared to net profit of USD 12.1 million in Q3 2014. Nordstje
Kongsberg LARS for Jumeirah New DSV
Kongsberg Evotec, a fully owned subsidiary of Kongsberg Maritime, has entered an agreement with CSSC Huangpu Shipyard in Guangzhou China for the delivery of two Launch and Recovery Systems (LARS) for Remote Operated Vehicles (ROV). The contract includes the first delivery of the recently patented K-
Saipem Looks for Cash Injection, Posts Q3 Lower Profit
Italian contractor Saipem has seen profits drop by some 29 per cent on tough market conditions. The company posted earnings for the third quarter of 2015 (as at September 30, 2015) of €54 million, versus €76 million in the third quarter of 2014. Revenues in the third quarter were down, amounting to
OpenHydro Buys Tritech Gemini Sonars
Tritech has secured an order for supply of sonar systems for Irish tidal turbine company OpenHydro. OpenHydro has purchased a number of Gemini imaging sonars to monitor the installation and recovery of tidal turbines and subsea base units for its current and future projects. The company also purchas
Eni Sells Saipem Stake
Eni has executed a sale and purchase agreement, pursuant to which it will sell a stake in Saipem consisting of n. 55,176,364 ordinary shares, representing approximately 12.5% plus one share of the company share capital (Transferred Stake) to Fondo Strategico Italiano (FSI). At the same time, Eni and
Forsys Subsea Lines Up for First EPCI Award in 2016
Forsys Subsea, a 50/50 joint venture between FMC Technologies and Technip, has been awarded its first two integrated front end engineering studies. The two contract awards were announced last week by John Gremp, Chairman and CEO of FMC Technologies, during the company’s third-quarter earnings call.
N-Sea Wraps Up BorWin3 UXO Gig
Subsea IMR provider, N-Sea, has successfully completed an unexploded ordnance (UXO) survey, ID and disposal campaign for the TenneT project, BorWin3. Taking place between January and August this year, the work scope involved surveying the seabed to identify and remove undiscovered explosive devices
Former Red7 Group Directors Set Up Two New Companies
Two industry specialists, Mike Jones and Martin Spurr, have launched Red7 Offshore and Red7 Inshore Diving at Great Yarmouth. The two men were directors of Red7 Group, which went into administration following the announcement in February of the closure of the group. Mike Jones, managing director, sa
Deep Sea Mooring Bags Lundin Norway Deal
Global Maritime Deep Sea Mooring has been awarded a three-year contract with Lundin Norway for mooring equipment services. Deep Sea Mooring (DSM) will provide services and products supporting Lundin’s activities on the Norwegian Continental Shelf (NCS) including mooring equipment for drilling rigs a
EMGS Enters Sales Agreement for Barents Sea Data
Norway’s Electromagnetic Geoservices ASA (EMGS) has entered into a new licensing agreement for the provision of 3D EM data from the multi-client data library over the Barents Sea. The company did not disclose the name of the new client and when the data will be delivered. According to EMGS, the cont
Ashtead Tech Expands Subsea Inspection Portfolio
Ashtead Technology, a provider of subsea equipment rental, sales and services to the offshore industry, has invested over $300,000 in visual inspection tools for deep sea exploration. The investment will see Ashtead offering a range of SubC Imaging products to meet increasing industry demand for enh
EMGS CFO Resigns
Electromagnetic Geoservices ASA (EMGS) informed that Svein Knudsen, the Chief Financial Officer (CFO) of the Company, has tendered his resignation. Svein has held the position as CFO of EMGS since January 2005. Prior to joining EMGS in January 2005, Svein Knudsen served as vice president of finance
Havyard Delays NB 123 Subsea Vessel Delivery
Havyard Ship Technology, a part of Havyard Group, has agreed with its client to postpone the delivery of the new subsea vessel, building no. 123, to the second quarter of 2018. The agreement for construction of NB 123 was signed in July with an undisclosed international shipping company, with the de