Dril-Quip has reported net loss of $29.3 million, or $0.78 per diluted share, for the three months ended September 30, 2017, versus net income of $19 million, or $0.51 per diluted share, for the third quarter of 2016. Total revenues were $100 million during the quarter, down 19 percent compared to $
Forum Energy Technologies recorded net loss in the third-quarter 2017 of $15 million, or 15 cents per diluted share, compared to net loss of $78 million, or 81 cents per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $78 million, or 81 cents per diluted share. Ad
The APT Global group today announced the opening of a new office in the Netherlands. The new office, located at Westerduinweg 3 in IJmuiden, is an addition to the production facilities, offices and yards in Dubai, Qatar and India and extends the presence of the group in Europe. “The addition of the
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a subsea umbilical, riser and flexible (SURF) lay project in the Middle East. Flowline Specialists FZE was contracted to assist in laying various flexible
A consortium comprising of NTT Communications, SoftBank, Facebook, Amazon, PLDT and PCCW Global, has signed an agreement to participate in the construction and maintenance of the JUPITER optical submarine cable between Asia and the United States. The JUPITER cable system will have a total length of
GeoSea has entered into an engineering, procurement, construction and installation (EPCI) contract with the Moray Offshore Windfarm East (MOWE). The contract covers EPCI of around 100 wind turbine foundations and 3 offshore substation platform foundations, and the transport and installation of 3 off
Searcher Seismic started preparations for regional multi-client airborne gravity, gravity-gradiometry and magnetics survey over the near-shore areas, Gulf of Papua. The Roho Airborne Gravity, Gravity-Gradiometry and Magnetics Survey covers approximately 60,700 square kilometres (~51,000 line km equi
VBMS, a subsidiary of Boskalis, has, in consortium with NKT Cables, been awarded the Borssele Beta cable contract by TenneT. The contract is for the installation of two 67 kilometer long export cables that will connect the Borssele offshore wind farms 3 and 4 to TenneT’s onshore grid in the Netherla
AISUS has launched an improved internal gravity deployed ultrasonic scanning tool, SIRIUS-X, for completing ultrasonic corrosion mapping within offshore caissons, risers and conductors. Following the field trials, it recently completed its first caisson inspection programme for a UK oil and gas oper
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a “major” subsea umbilical, riser, and flexible (SURF) lay project in the Middle East. Flowline Specialists FZE said on Monday that the company was contrac
Dredging Today brings you an overview of the most popular stories from the past week (October 23-29, 2017). Steel Cutting Ceremony of TSHD LESSE Royal IHC has held a steel cutting ceremony for the 2,300m³ Trailing Suction Hopper Dredger LESSE. Uig Harbor Scheme Includes Land Reclamation Followin
Subsea World News has put together a recap of the most interesting articles from the previous week (October 23 – October 29). Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with approximately 250 jobs lost. The restructuring is related to the con
Polarcus has narrowed its quarterly loss when compared to third-quarter 2016, as the seismic player managed to lower its operating costs by close to 16 percent year-over-year. The Oslo-listed company reported net loss for the quarter of $9.1 million or $0.06 per share, versus loss of $17.4 million i
The General Dynamics Mission Systems’ Knifefish team has completed contractor trials for the U.S. Navy’s Knifefish program, a mine countermeasure (MCM) unmanned undersea vehicle (UUV). The Knifefish UUV operated in multiple mine test target fields at-sea using buried, bottom and volume type mine-tes
