Schlumberger has seen its net income jump 88 percent in the first quarter of 2018. The oilfield services giant generated profit of $525 million, or 38 cents per share, on revenue of $7.28 billion, versus profit of $279 million, or 20 cents per share, on revenue of $6.89 billion same time last year.
Baker Hughes, a GE company, (BHGE) has reported profit of $70 million or 17 cents per diluted share on GAAP basis for the quarter ended March 31, 2018. Adjusted diluted earnings per share were 9 cents per share. The company generated revenue of $5.4 billion for the quarter, down 7% or $400 million s
SeeByte has secured the renewal of 10 SeeTrack licences used for the existing AUV fleet of the Belgian Navy. The renewal includes an upgrade to the latest version of SeeTrack V4, and comprises of operational support and SeeByte’s Automatic Target Recognition (ATR) suite. SeeByte’s technical client m
Wood, Cisco and Roue Consultores have participated in the opening of a new, first of its kind, Oil and Gas Advanced Technology Center (ATC) located in Wood’s operations center in Naucalpan, Estado de Mexico. The Oil and Gas ATC highlights the value the Internet of Things can bring in the upstream, d
In the French Region of La Reunion, DEME Group’s backhoe dredger Pinocchio continues the works for the Nouvelle Route du Littoral. DEME is executing the dredging, gravel bed installation and backfilling works of the 48 gravity-based foundations for the 5,400 m highway viaduct. The Nouvelle Route du
BlueFin and Emerson have signed a working partnership agreement to deliver the Roxar gauge technology to the U.S. Gulf of Mexico region. The partnership will deliver a combined offering of Emerson’s Roxar Downhole Pressure and Temperature Gauge technology coupled with BlueFin’s installation services
HR Wallingford and Ørsted have worked together to test and refine the design of the suction bucket foundations for the Borkum Riffgrund 2 offshore wind farm in the German North Sea. The testing was conducted as a part of the research project investigating scour effects, and the most suitable scour p
Inverness Graham Investments, a private investment firm based in Philadelphia, has trough its recreational safety education portfolio company, Kalkomey Enterprises, invested in the RAID Scuba Diver Training agency. “We’ve been carefully researching the options to enter the scuba market for some time
MacArtney has supplied multiplexer system (MUX) for an undisclosed client in Singapore. The company has built a custom version of Emo Domino-7 fibre optic MUX for installation on an ROV in Singapore with the aim of upgrading the subsea survey and camera interfaces of the ROV. Offering 3 videos with
ESCO Corporation, a Portland, Oregon, based designer, manufacturer and provider of equipment used by companies in dredging, mining, construction and industrial markets, has entered into an agreement to be acquired by The Weir Group PLC for an enterprise value of $1.285 billion. Founded in 1871 in Gl
Following three successful cable loadouts, Oceanteam Solutions, in cooperation with Blue Offshore, are set for another loadout starting this Friday. Oceanteam and Blue Offshore are lining up a professional cable handling crew to assist the client during the loadout. The entire spread, a barge equipp
A trio of companies has opened a new Oil and Gas Advanced Technology Center in Naucalpan, Mexico.
New research shows the first observed reduction in lead concentrations in the surface waters of the seas around Europe since the phasing out of leaded petrol. Lead has no biological function, and is toxic to humans and marine organisms. The study, published in Geophysical Research Letters, is based
Kraken Robotics’ German subsidiary, Kraken Robotik GmbH, has been accepted into the NVIDIA Inception program, a global initiative to support companies that are driving new breakthroughs in artificial intelligence and data science. Every Inception program member receives a custom set of ongoing benef
