Oilfield services major Schlumberger has posted first-quarter 2017 profit of $279 million, or 20 cents per diluted share, versus profit of $501 million, or 40 cents per diluted share same time last year. Sequentially, net income, excluding charges and credits was at $347 million against $379 million
Norwegian oil & gas giant Statoil has reached another milestone as the world’s largest spar destined for Aasta Hansteen field sets sail for Norway. At 14:30 local time in South Korea the Aasta Hansteen spar left Hyundai Heavy Industries after it was recently floated out and loaded onto the world’s l
C6 Technologies, an oilfield technology company offering solutions for well intervention and conveyance utilising composite materials, has informed that its new ComTrac system is performing field trials after completing test well runs. The company, a joint venture by Archer and IKM, currently has on
Norwegian seismic player, Petroleum Geo-Services (PGS) said it expects revenues for Q1 2017 of approximately $155 million ($203 million in Q1 2016), with an EBITDA of approximately $30 million ($79 million in Q1 2016). According to PGS, the low EBITDA is primarily driven by the relatively low multi-
Norwegian subsea services provider Reach Subsea has entered into a contract for the IMR, survey and construction vessel Havila Subsea. In an update on Friday, Reach said the contract obtained for the Havila Subsea vessel will start in the third quarter and it will cover 60 days, plus options. Earlie
Veripos, has won a contract for global navigation satellite systems (GNSS) positioning services with recently formed seismic contractor Shearwater Geophysical. Under the terms of the new agreement, Veripos will supply GNSS positioning services to Shearwater’s fleet of four marine seismic survey vess
Birns, Inc. has been selected by DeepFlight, a manufacturer of personal submarines, to supply a range of custom penetrator assemblies for its newest submarine model, the DeepFlight Super Falcon 3S. The custom penetrators will be crafted from anodized aluminum and rated to 400FSW. The Super Falcon 3S
Construction of the Hong Kong – Guam Cable system (HK-G) has officially begun, RTI Connectivity and NEC Corporation said on Friday. The 3,900 kilometer undersea cable, featuring 100 gigabit per second (Gbps) optical transmission capabilities, will deliver design capacity of more than 48 terabits per
Modus Seabed Intervention has strengthened its management team with the recruitment of Guy Lainchbury, who joins Modus as commercial manager. Lainchbury has previously worked as commercial manager for Saipem and more recently as tendering director for Subsea 7, where he worked for 10 years. Nigel Wa
WFN Strategies has been selected by Ambra Solutions to carry out a study for a submarine cable connecting Canada’s Nunavut region and Manitoba. Submarine cable system implementation company WFN Strategies will be accomplishing its executive Desktop Study (eDTS), an abbreviated analysis using readily
Rolls-Royce has been chosen by Norway-based Kvaerner to provide a mooring system for Statoil’s oil platform Njord A. Njord A is being upgraded by Kvaerner and Rolls-Royce has been chosen to provide an upgrade to its mooring system. The contract has a value of about £15 million. Njord A is a semisubm
For the first time, Rolls-Royce is supplying MTU-brand engines to Japanese construction machinery manufacturer KATO for use in its excavator segment. The engine – a 6-cylinder inline Series 1000 unit delivering 210 kW – will be used to power a 30-tonne hydraulic excavator from KATO’s HD range. Equip
Trendsetter Engineering and Add Energy have combined expertise to provide engineering and hardware support services to the industry’s most challenging problems in a nimble and responsive environment. The companies have recently been awarded a contract to supply engineering expertise and access to Tr
ConocoPhillips has completed drilling an appraisal well at the Barossa project offshore Australia, and is set to move the rig to start drilling the second well. This was revealed by Santos, ConocoPhillips’ partner in the Barossa Caldita offshore projects, located in the Timor Sea, in Australia’s Bon
