Baker Hughes has recognized ‘post GE Oil & Gas merger’ net loss for the quarter ended December 31, 2017 of $29 million, or 7 cents per share. Sequentially, net loss narrowed from $104 million, or $0.24 per diluted share. Adjusted earnings for the quarter were $65 million, or $0.15 per diluted share,
TE Connectivity has reported net sales of $3.5 billion, with diluted EPS from continuing operations a loss of $0.11 for the fiscal first quarter, which ended December 29, 2017. The loss from continuing operations reflects a one-time charge associated with new U.S. tax regulations, while adjusted EPS
Subsea 7 has beed awarded of a contract between $50 million and $150 million from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway. The contract comprises the design, coating, fabrication and installation of a 53 km rigid flowline including 34 km of pipe-in-
Prysmian has been awarded a new contract by Cobra Wind International to provide the cable system to connect the Kincardine floating offshore wind farm to mainland UK. This is Prysmian’s first cable project for a floating offshore wind farm which foresees the design and supply of two export cables as
Heerema Fabrication Group (HFG) has received an engineering, procurement, construction and installation (EPCI) contract for the Q10-A unmanned offshore platform from Tulip Oil Netherlands Offshore. The platform will be a part of a Q10 gas field, located 20 km offshore the Netherlands. HFG will build
Teledyne Gavia, manufacturer of the Gavia autonomous underwater vehicle (AUV), has released a new navigation module that incorporates iXblue‘s new Phins Compact C3 with a Teledyne RDI 1200 kHz Workhorse. The Phins Compact C3 is the second inertial navigation system from iXblue that Teledyne Gavia ha
Norway-based 4C Solutions (4CS) has been awarded a contract from China Offshore Oil Engineering (COOEC). The contract will see 4CS deliver a complete contingency repair system to cover pipelines in the South China Sea. The project includes design, fabrication, testing and delivery of a system that c
Magseis said it has been awarded a smaller contract for the lease of its proprietary marine autonomous seismic system (MASS) nodes for a project in South East Asia. The Norwegian seabed seismic services player said it will mobilise a light handling system and field technicians for the project. Per-C
Ciena is introducing new capabilities that should allow submarine cable operators to better address bandwidth demand driven by video-centric streaming, virtual reality, the Internet of Things, and future applications such as 5G. Ciena’s GeoMesh Extreme submarine solution now supports L-Band capabili
Ellicott Dredges, a Baltimore based manufacturer of dredging equipment, has reported a very busy and successful end of 2017, with important new orders from all corners of the world. The New York State Canal Corporation (NYSCC) runs the New York State Canal System and has once again selected Ellicott
Xtera, a provider of subsea fibre optic solutions, has been selected as the supplier of the ARBR submarine fibre optic cable system developed jointly by Seaborn Networks and the Werthein Group. The 2,700 km open system, 4-fibre pair, 48Tbps, direct PoP-to-PoP subsea cable will connect Argentina and
Magseis has been awarded a smaller contract for the lease of its proprietary MASS nodes for a project in South East Asia.
The United Kingdom Hydrographic Office (UKHO) has deployed two vessels to survey the waters of Belize as part of the Commonwealth Marine Economies (CME) Programme. Following a stakeholder meeting with the Belize Port Authority and wider government earlier this month, priority areas will be surveyed,
Ecosse Subsea Systems (ESS) has appointed Mark Brown as its first engineering manager. Brown has joined the subsea technology specialist from PDi where he was operations manager and has more than 16 years experience working for engineering consultancies, oil and gas operators and subsea contractors,
