Subsea
SeaBird Back in Black
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the company’s financial restructuring. SeaBird posted net profit of $63.3 million for the first quarter of 2015, compared to net loss of $0.6 million in the corresponding period in 2014. The profit was
PHOTO: Upgraded Cable Enterprise Sails Out
Prysmian Group announced today the official sail out of the newly upgraded vessel “Cable Enterprise” from a moored cable laying barge into a DP2 cable laying barge able to manoeuvre with her own propulsion system at the site of work. Following major conversion works, the vessel can now operate auton
EFC Secures Weatherford MPD Contracts
Aberdeen-headquartered EFC Group has been awarded multiple multi-million dollar contracts by oilfield services company, Weatherford. According to EFC Group, the company has developed a long-term relationship with Weatherford, leading to multiple contract awards for Managed Pressure Drilling equipmen
Dolphin Plans Cuts as Profit Slips
Norway’s Dolphin Geophysical has seen profit dip in the quarter as its 2D seismic division puts pressure on earnings coming from the 3D seismic business. Despite the revenue growth, the Oslo-listed seismic player, recorded Q1 2015 net income of USD 4.6 million, compared to USD 8.1 million in Q1 2014
Tritech Supplies Micron Sonars to Blueprint Subsea
Tritech has recently delivered 55 Micron sonars to Blueprint Subsea as part of their order fulfilment for a number of global naval consignments. The Micron sonars are to be integrated into Blueprint Subsea’s ARTEMIS system, a handheld diver navigation solution designed around the Tritech Micron sona
MacGregor Gets New President
Cargotec has announced an appointment of Michel van Roozendaal as President of the MacGregor business area. He will be a member of Cargotec’s Executive Board and report to President and CEO Mika Vehviläinen. Michel van Roozendaal joins from Ingersoll-Rand where he has been heading the Thermo King Gl
CGG Sees Revenues Slide
French seismic contractor, CGG, has booked a drop in revenues for the quarter, ended March 31 2015, due to the impact of the fleet reduction and to deteriorating market conditions. In the first quarter 2015, CGG generated revenues of $570 million, down 29 per cent compared to Q1 2014 and down 37 per
Plexus Bags New Order from Premier Oil Norge
Plexus Holdings PLC has received an order from Premier Oil Norge AS to supply its POS-GRIP wellhead system for an exploration well in the Norwegian Central North Sea. The well order is estimated at £1 million with revenues starting in August 2015. Under the terms of the contract, Plexus will supply
New Sonar Imagery of RMS Lusitania Wreck Revealed
Ireland’s Minister of State with responsibility for Natural Resources at the Department of Communications, Energy & Natural Resources, Joe McHugh T.D., and Minister for Arts, Heritage and the Gaeltacht, Heather Humphreys T.D, welcomed the publication of new sonar imagery of the RMS Lusitania. Member
Cortland Builds FRDS for Aker Wayfarer
Cortland has been awarded a patented BOB® 12×12 Fiber Rope by Rolls Royce for use on their next Fiber Rope Deployment System (FRDS), which is based on their patented Cable Traction Control Unit (CTCU) technology. The FRDS system, which will have a single fall capacity of 150t, is being built for AKO
James Fisher Buys Mojo Maritime
James Fisher has acquired of the entire share capital of Mojo Maritime Limited (MML). According to reports, the initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 December 2015
Royal IHC, Dräger Form Strategic Alliance
Royal IHC and Dräger have joined forces to offer the market a single source for fully integrated Diving Support Vessels. The initial focus will lie on the market segment of vessels with automated, 18-person, twin bell saturation diving systems. The alliance will bear total responsibility for the exe
EU Horizon 2020 Programme Grants Funding for CEFOW
The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17 million in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is coordinated by Fortum. The mission of the five-year project is to research and develop the use of the Penguin wave ene
Havyard CFO to Leave
Norwegian ship technology firm, Havyard, informed that its chief financial officer Karl Eirik Frøysa Hansen has chosen to step down from his position. Havyard is looking for his replacement and according to company’s Oslo Stock Exchange filing, Hansen will stay for additional three months, following