Oceaneering reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million for the three months ended March 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $69.5 million (approx. 64 per cent higher), or $0.70 per share, on revenue of $787 m
STX France has secured a deal to design, build and install a HVAC offshore substation for Arkona offshore wind farm, a 385 MW project jointly developed by E.ON and Statoil, located in the Baltic Sea, Germany. STX France scope includes delivery of the jacket foundation, piles, substation topside and
Subsea Technology and Rentals (STR) has increased its portfolio of subsea rental equipment with the purchase of iXBlue’s OCTANS NANO. iXBlue is providing the OCTANS NANO subsea gyrocompass for utilisation by STR clients in ROV and structure monitoring operations. The order is part of STR’s expanding
The Australian Government has selected DCNS to design twelve Sea 1000 Future submarines for the Royal Australian Navy. “The decision was driven by DCNS’s ability to best meet all of the Australian Government’s requirements. These included superior sensor performance and stealth characteristics, as w
UK-based Impact Subsea has introduced a new product, the ISP1. The ISP1 is a subsea pressure pod, complete with view port and up to four connectors. The ISP1 has been designed to provide subsea housing for a variety of underwater projects and applications, the company said. Alastair Mclennan-Murray,
The University of New South Wales (UNSW), is using underwater positioning technology from Sonardyne Asia in Singapore to support pioneering research into human impact on marine and estuarine habitats. The Scout-Pro Ultra-Short BaseLine (USBL) system tracks the position of divers whilst they collect
VBMS has been awarded a contract by E.ON for the installation of 65 inter-array cables for the Arkona offshore wind farm (OWF). The total scope of work for VBMS will consist of route engineering, surveying, a pre-lay grapnel run, trenching, termination and testing of the 65 cables. The cabling proje
Basslink’s operator informed that cable repair vessel, the Ile de Re, is returning to Geelong after it wrapped up the first of three jointing exercises. “We are very pleased to report that the first joint has been completed, with 1355m of new cable laid on the seabed,” said Basslink CEO Malcolm Eccl
Subsea World News has put together a recap of the most interesting articles from the previous week (April 18 – April 24). Italian contractor Saipem has been awarded new E&C (Engineering & Construction) contracts valued at approximately €430 million ($487 million). The first is a contract with Statoi
Dredging Today brings you an overview of the most popular stories from the past week (April 18-24, 2016). Boskalis’ Shoalway Busy in Aberdeen Aberdeen Harbor Board’s annual maintenance dredging campaign started last week. Boskalis Expands Dredging Fleet with Magnor The largest and most efficient
Royal IHC and Frames Separation Technologies have signed a joint development agreement to collaborate with respect to the development of a compact subsea separator module. Namely, Frames has recently extended its portfolio with a new compact controllable inline separator the SwirlSep. Based on this
Oilfield equipment manufacturer, National Oilwell Varco, is reportedly downsizing its workforce in Norway by additional 520 employees. The company is said to experiencing a sharp reduction in investments in the oil and gas sector, which reduced sales of new equipment and demand for aftermarket servi
The USACE, Savannah District, recently posted a photo of the trailing suction hopper dredger Padre Island working in the Savannah outer harbor. The photo, taken on March 30th 2016, shows the Padre Island of Great Lakes Doc & Dredge Company (GLDD) deepening the outer channel as part of the Savannah H
Norwegian multi-client seismic data specialist, Spectrum, has remained in red in the first quarter of 2016 despite revenue boost of some 22 per cent. The Oslo-listed company reported first-quarter net loss of USD 7.9 million or 15 cents per share on revenue of USD 18.2 million, compared to prior-yea
