Subsea
UDS: Van Gogh DSCV On Schedule for June Delivery
Ultra Deep Solutions (UDS) has informed that it is on schedule to deliver the diving support and construction vessel (DSCV) Van Gogh to the client RedTec Offshore in June. The delivery of Van Gogh in Malaysia is planned for June 01, 2018. The 111.5 meters long vessel is on a five year charter with R
AFS Emerges as Possible Lifeline for Ezra
Financial consultancy specialist Asia Fund Space (AFS) has agreed to acquire new shares in the capital of Ezra as well as the possible subsequent injection of new assets into Ezra. The agreement is subject to all Ezra shareholder, creditor, court (US and Singapore) and other necessary approvals bein
PSA Provides Diving Report for 2017
Petroleum Safety Authority (PSA) Norway has published a report on diving in 2017. There were no incidents, personal injuries or hazard situations reported in 2017, during saturation diving for petroleum activities. There have been relatively few personal injuries associated with saturation diving as
Maersk Installer Completes McDermott Work Off India
Maersk Supply Service’s Stingray-class newbuild subsea support vessel, Maersk Installer, has completed its first contract with McDermott. Maersk lnstaller joined the project in January 2018, supporting the Vashishta development off the East Coast of India. This is part of an ongoing development proj
Subsea 7 Swings to Q4 Profit
Oslo-listed Subsea 7 has returned to profit in the quarter ended December 31, 2017 on no goodwill impairment charges and a higher taxation credit. The subsea engineering and construction specialist posted quarterly profit of $51 million, or $17 cents per diluted share, on revenue of $1 billion, vers
Unique Group Adds Newton Labs Subsea Laser Scanners
Unique Group has added underwater laser scanners from Newton Labs to its line of subsea technology. The Newton underwater laser scanners provide images and 3D modeling of subsea structures and the seabed and are part of a wide range of products with scanning ranges out to 10 meters and resolutions t
Subsea 7 Buys Siem Offshore Contractors and Two Vessels
Subsea 7 has signed an agreement to acquire Siem Offshore Contractors GmbH and two vessels, subject to competition clearance in Germany. The acquisition will include the entire issued share capital of Siem Offshore Contractors, the inter-array cable lay vessel Siem Aimery and the support vessel Siem
AKVA Group Reports Positive Q4
Norwegian equipment provider for aquaculture industry, AKVA group, has boosted its profit in the fourth quarter of 2017 as all of its business segments upped their quarterly performance and saw the revenues grow. Namely, the company booked profit before tax of NOK 33.3 million and net profit of NOK
JFMS Inks MoU with Carnegie Clean Energy
James Fisher Marine Services (JFMS) has signed a memorandum of understanding (MoU) with wave-energy developer Carnegie Clean Energy. Under the terms of the MoU, JFMS will cooperate with Carnegie to help progress geotechnical, mooring and foundation techniques, processes and systems to deploy Carnegi
NOV Bags Contract for Seabox Subsea Water Treatment System
National Oilwell Varco (NOV) has signed its first contract for the Seabox subsea water treatment system. The contract was signed with an unnamed operator who will deploy the system at an offshore installation in the third quarter of 2018 for an extended test during the 2018/2019 winter season. The S
Bibby Offshore Delivers North Sea IMR Project for BP
Bibby Offshore, a subsea services provider to the oil and gas industry, has completed a contract worth more than £2 million for BP in the North Sea. The project utilized Bibby Offshore’s diving support vessel Bibby Topaz to carry out inspection, repair and maintenance operations in the Rhum gas fiel
Eidesvik Cuts Losses; Ends 2017 in Black
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 221 million (approximately $28 million) or NOK 6.85 per share, against loss of NOK 514 million (approximately $65 million) or NOK 16.18 per share for the quarter that ended on December 31, 2016. Result for the twelve months of
Mermaid Full-Year Earnings Plunge
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported profit of $4.2 million for the year 2017. This result is 75 percent lower compared with profit of some $17.2 million in 2016. The Singapore-listed company generated revenue of $148 million
AGR Set for NOGA’s Laminaria Field Well Intervention Campaign
AGR Australia has entered the final stages of planning for the Northern Oil & Gas Australia (NOGA) subsea well intervention in the Laminaria field, located in the Timor Sea, offshore Australia. The project, which is due to be carried out in April/May this year using the Stena Clyde MODU, has been in