Houston-based McDermott has reported quarterly loss of $70 million, or 39 cents per diluted share, compared to profit of $35 million, or 37 cents per diluted share in the first quarter of 2018. Excluding $73 million of restructuring, integration and transaction costs, the adjusted profit for the fir
Aker Solutions has seen its profit go up in the first-quarter 2019 at NOK 149 million, or NOK 0.54 per share, versus net income of NOK 105 million, or NOK 0.38 same time last year. Excluding special items, Q1 2019 EPS was NOK 0.57. Sequentially, basic EPS was down NOK 0.04. The Norwegian services co
Subsea engineering firm Oceaneering and offshore driller Pacific Drilling have entered into an industry-first, five-year Digital Services Package agreement.
McDermott has recently completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. This was the second of two remaining work packages left under McDermott’s contract, which was the largest subsea contract ever awarded at the time. Most of the
Subsea Innovation, part of Tekmar, has designed, manufactured, tested and delivered two diver-installed 10-inch pipeline repair clamps to an undisclosed client. The clamps were designed in accordance with Subsea Innovation’s recently-acquired DNV GL Type Approval for temporary and permanent structur
Modus has placed an order with Saab Seaeye for the next vehicle in its Hybrid Autonomous Underwater Vehicle (HAUV) fleet, the 3,000m rated Saab Sabertooth to be delivered in Q3 2019. The new system will be equipped with extended autonomous endurance and increased thrust for high speed survey and wil
Phoenix International (Australia) has selected Total Marine Technology (TMT) as a subcontractor in the submarine rescue service (SRS) contract for The Royal Australian Navy. The Submarine Rescue Service contract will be delivered on a four-year acquisition schedule, where TMT has been selected to de
Ørsted has awarded Boskalis the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract has a value over EUR 100 million and consists of three export cable circuits with a total length of approximately 380 kilometers. The project scope includes the preparation
Dredging Today brings you an overview of the most popular stories from the past week (April 22-28, 2019). Hard Times for Uljanik, Jan De Nul Wants Money Back Jan De Nul Group is demanding the repayment of all installments paid to Croatia’s troubled Uljanik Shipyard, plus interest, after they cance
Subsea World News has put together a recap of the most interesting articles from the previous week (April 22 – April 28). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Technipfmc Bags Iepci For Conocophillips Tor Ii Development This content is
DEME Offshore has signed an agreement with Equinor to undertake a study examining potential floating concrete substructures for the planned Hywind Tampen wind farm in the North Sea off Norway. The study is a part of the engineering works before the final investment decision. The scope of the front-e
OceanGate said it has broken yet another deep-sea diving record, by transporting a crew of four on an abyssal descent of nearly 4,000 meters. With only a handful of submersibles in the world that can reach these depths, OceanGate’s Titan is said to be the only submersible capable of carrying five pe
The Balmoral Subsea Test Centre in Aberdeen has carried out hydrostatic tests on equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth. The linear actuators that were tested form part of a marine mammal monitoring station anchored to t
Following extensive research and innovation in partnership with German engine manufacturer, Deutz AG (Deutz), Kobelco Construction Machinery Europe B.V. (KCME) has announced the launch of its first electric mini excavator concept. The arrival of the Kobelco Electric powered 17SR comes just three yea
