Helix Energy Solutions has seen its fourth-quarter 2020 profit almost cut in half on lower well intervention activity, slightly offset by its robotics unit. The Houston-based company reported net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020 compared to $8.1 million
Subsea technology and services provider Ashtead Technology has invested £1 million to develop a new R&D and engineering facility in Aberdeenshire. The firm has also launched a recruitment drive to bolster its operations as part of its long-term business goal. Upgrading an existing site at Thainstone
Norwegian offshore vessel owner GC Rieber has entered into an agreement to sell the IMR / Walk-to-Work vessel Polar Queen. According to GC Rieber, the sale to the undisclosed buyer will see the vessel, built at Freire Shipyard in 2011, leave the offshore industry. The gangway onboard the vessel is n
GC Rieber Shipping has agreed a charter extension with DeepOcean for the SURF vessel Polar Onyx. The deal will be in direct continuation of the ongoing charter in Ghana. Norwegian shipowner said the extension will see the vessel stay with DeepOcean until the end of May 2021. Built in 2014, the subse
Dutch subsea and survey specialist Fugro has seen its loss almost doubled in 2020 with revenues down some 12 per cent due to the impact of Covid-19 and the downturn in oil and gas. The company recognised net loss of €74 million in 2020, against net loss of €39.6 million in 2019. Revenue declined in
AqualisBraemar LOC Group is acquiring East Point Geo, a UK-based geoscience consultancy in the offshore and onshore renewable energy and oil and gas sectors. AqualisBraemar LOC, which has entered into a definitive agreement to obtain 100 per cent of the share capital of East Point Geo Limited, said
Norwegian contractor Reach Subsea and its Swedish partner MMT have landed a three-year deal, with two one-year options from Nord Stream AG. This award follows on from the original contract for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany
Castle Ship Management (CSM), a vessel ownership company based in Gibraltar, has taken control of operations formerly managed by offshore vessel company Atlantic Marine Offshore in the UK, through Castle Ship Technical Management UK. CSM has made the decision after a recent court ruling to proceed w
Norwegian offshore safety watchdog PSA has granted consent for manned underwater operations in 2021 to Vår Energi, Equinor, Gassco and Aker BP. Equinor has signed framework agreements with TechnipFMC and Subsea 7 for the performance of manned underwater operations in 2021. Through a pool agreement w
James Fisher Offshore (JFO) has divided its UK team into specialised divisions to meet the requirements of its two key markets: the decommissioning sector and the life of field industry. According to the company, this approach enables customers to work with a dedicated team that focuses solely on th
Oil and gas exploration firm Providence has secured the approval from the Irish government to undertake a seabed and shallow geophysical survey and an environmental baseline and habitat assessment survey, at the K-Site location, Barryroe in the North Celtic Sea. The offshore survey, when completed l
Fugro is set to begin geophysical survey work at the Dublin Array offshore wind project located approximately 10 km from the Irish coastline. The geophysical surveys will characterize the project’s offshore array and export cable search area, with the latter intended to provide options for export ca
Dutch transmission system operator TenneT has opened a tender procedure for a geotechnical soil investigation at the 4 GW IJmuiden Ver offshore wind site. TenneT seeks geotechnical information on two, optionally three, platform locations at IJmuiden Ver which are suitable to progress the design and
Seabed survey has started in the Baltic Sea as part of the construction of Harmony Link, a new subsea power connection between Poland and Lithuania. The project is being implemented by PSE and Litgrid, electricity transmission system operators in Poland and Lithuania. Harmony Link is one of the larg
