Subsea
ION Reports $0.41 EPS
ION Geophysical has reported third quarter 2017 net income of $4.9 million, or $0.41 per diluted share, on revenues of $61.1 million, compared to net income of $1.7 million, or $0.14 per diluted share, on revenues of $78.6 million in third quarter 2016. The company reported Adjusted EBITDA of $27.1
Minesto’s Deep Green Gravity Base Structure Half Way Done
Jones Bros Civil Engineering UK has informed that the gravity base structure for Minesto’s underwater kite technology, Deep Green, has been 50 per cent complete. The concrete base is a part of the €30 million underwater kite project to be installed in Holyhead Deep, 6.5 km off the coast of Anglesey.
Magseis Delivers Best Quarter Ever
Norwegian seabed seismic services player Magseis has bounced back in black in the third quarter of 2017 as revenue jumped close to 120 percent when compared to the prior-year quarter. The Oslo-listed company has seen its revenue at USD 28.6 million, up from USD 13.1 million same time last year. Reve
EMGS Narrows Q3 Loss on Revenue Boost
Norwegian geophysical services company EMGS posted loss for the third-quarter 2017 of $1.6 million, improving from $11.1 million loss in the same period last year. The Oslo-listed company generated revenues of $10 million in the quarter ended September 2017, up 122 percent from $4.5 million in the c
Bluestream Nets Inspection Contract Off Germany
Den Helder-based Bluestream has inspected HVDC platforms DolWin alpha, BorWin alpha and DolWin beta in the German section of the North Sea. Bluestream has used divers, ROVs, multi skilled rope access teams as well as drones to carry out all three inspections. “One of the reasons why Bluestream was t
McDermott Scoops Up ‘Significant’ Middle East Project
McDermott has been awarded for a contract between USD $250 million and USD $500 million for the engineering, procurement, construction and installation (EPCI) services for an offshore Middle East redevelopment project. McDermott plans to fabricate and install four wellhead topsides, a manifold platf
McDermott Clinches KG-D6 Subsea Contract
McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east coast of India. McDermott will provide engineering, procurement, installation and pre-commissioning of subsea flowlines, vent lin
Ocean Installer Lands Cambo Field Job
Ocean Installer has been awarded an agreement with Siccar Point Energy and Baker Hughes, a GE company, to support the appraisal and early production phases of the Cambo Project, with the ability to extend into the future developments. Ocean Installer will execute the job as part of an alliance with
Trianel Windpark Borkum II Deal for Vos Prodect
Vos Prodect Innovations has been contracted by Norddeutsche Seekabelwerke (NSW) regarding the design and delivery of inter-array cable hang-off systems for Trianel Windpark Borkum II project. Scope includes delivery of sealed hang-off systems for WTG’s and unsealed hang-off systems for OSS. Sealed c
PacketFabric Extends Connectivity Through Aqua Comms AEConnect
Aqua Comms informed that PacketFabric has selected its America-Europe Connect (AEConnect) subsea cable to extend the reach of its disruptive Software-defined Networking (SDN) platform into Europe. Aqua Comms’ submarine cable system delivers connectivity from New York to Ireland with diverse backhaul
TechnipFMC and Petronas Agree Technological Collaboration
TechnipFMC together with Petronas Research (PRSB) and Petronas Technology Ventures (PTVSB), has signed a tripartite heads of agreement. This collaboration will leverage all parties’ best technology, expertise, personnel, assets and facilities in areas such as gas separation technology, desanding and
DOF Subsea Secures Work for 3 Vessels
DOF Subsea said it has been awarded a number of contracts, securing utilisation for several vessels in the Subsea IMR projects segment. In the Atlantic region, DOF Subsea has been awarded a contract within wind industry, securing utilisation of Skandi Neptune for 45 days + options in Q4. In the Nort
Kongsberg and thyssenkrupp Set Up Joint Venture
thyssenkrupp, its subsidiary Atlas Elektronik and Kongsberg have joined forces and established a 50/50 joint venture company to shape the future combat systems of conventional submarines. The company named kta naval systems will be the exclusive supplier of combat systems for submarines from thyssen
Fugro Starts Offshore Survey for ONGC in India
Fugro has started integrated survey work offshore India for ONGC, under a three-year contract valued at approximately USD 7.7 million. The contract, awarded to Fugro for the third consecutive time, calls for engineering surveys in field developments off both western and eastern shores of India. The