Subsea Tooling Services (STS) recently completed final tests of their new Predator Subsea Dredger at its open-water site in Fort William. Their main objective was to prove that the Predator Subsea Dredger was as efficient as other dredgers that are currently on the market. As this dredging system is
Two innovative Ramboll engineers have developed an idea to protect subsea pipelines in the Arctic region and to avoid their collisions with icebergs. The idea, initially rewarded in the Ramboll Oil & Gas innovation competition, presents a concept for deep burial of pipelines using a “cheese wire” pr
Oslo-listed seismic player, Petroleum Geo-Services (PGS), slid into the red during the fourth quarter as the company falls victim to weaker seismic market and impairments, despite revenue growth. In Q4 2014 revenues increased by $70.6 million, or 20%, compared to Q4 2013, mainly driven by higher mar
Subsea Cables UK, the trade association for submarine power and telecommunications cables for the United Kingdom and Northern Europe, has announced its 44th Plenary. The Plenary will be held at The Radisson Blu Royal Hotel, Dublin, ROI, hosted by Sea Fibre Networks. The Plenary will be held over 1.5
Headcounts keep reducing in the oilfield services sector. This time, it is KCA Deutag. The company, a provider of drilling and engineering services, plans to lay off up to five hundred workers, 230 of which in the UK North Sea sector. In a statement sent to Offshore Energy Today, KCA Deutag has expl
Forum Energy Technologies has delivered fourth quarter 2014 revenue of $439 million, an increase of $45 million or 11%, from the fourth quarter 2013. Net income for the quarter was $46 million, or $0.49 per diluted share, compared to $35 million, or $0.36 per diluted share, for the prior year period
Subsea engineering specialist, Oceaneering, has reported increased earnings for the fourth quarter of 2014, driven by Remotely Operated Vehicles (ROV), Subsea Projects, and Advanced Technologies. The company earned net income of $102.5 million, or $0.99 per share, compared to $93.4 million, or $0.86
West Rigel, a harsh-environment semi-submersible drilling rig, currently under construction in Singapore, will feature two Dutch-designed boom hoist cranes. According to Kenz Cranes, a Dutch company specializing in offshore lifting and hoisting solutions, the two EHC 100/4000 cranes were designed in
Prysmian Group has been awarded a contract by Iberdrola Renovables Offshore Deutschland GmbH worth a total of around EUR 60 million to supply and install wind turbine inter array cables for the Wikinger offshore wind farm. The wind farm is located within the West of Adlergrund cluster in the German
GE Oil & Gas has invested more than £13.5million across its subsea manufacturing facilities in Montrose, Scotland, enhancing the business’s test and assembly (T&A) and manufacturing capabilities in direct response to customer need. The company has completed construction of a 1,000m2 heat treat and c
Sonardyne International Ltd., UK, has announced that Forum Subsea Rentals (FSR) is to substantially increase its stock holding of Sonardyne 6G Long BaseLine (LBL) acoustic positioning technology. The order for an undisclosed sum was confirmed on the opening day of Subsea Expo 2015, Europe’s largest
The second-largest oilfield services company, Halliburton, has confirmed it will lay off up to 8 percent of the company’s 80,000 global workforce. It is anticipated that somewhere between 5200 and 6400 jobs will be cut, as yet another company falls victim to tumbling oil prices. In an email statemen
FMC Technologies, a Houston-based supplier of production systems to the international oil and gas industry, is the latest company in the sector to announce job cuts. The company’s CEO has been quoted as saying that the company will reduce its workforce by 2000 people, looking to slash costs. In its
The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times and will only weather the storm if it embraces innovation and new technology, says industry body. On the opening day of Subsea Expo, Europe’s largest subsea event, the chief executive of Subsea UK told
