Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in
Oceaneering has reported a net loss of $35 million, or 36 cents per share, for the three months ended June 30, 2019. The result compares with net loss of $33 million same time last year. During the prior quarter ended March 31, 2019, Oceaneering reported a net loss of $25 million, or 25 cents per [&
Williams has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell Offshore, who is the operator, and CNOOC Petroleum Offshore U.S.A. (CNOOC). The pipeline extends 54 miles from the Shell-operated Appomattox Floating Production System in 7,400
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,
Wello’s Penguin wave energy converter – WEC2 has arrived in Orkney, Scotland where it awaits deployment. The WEC2 arrived from Tallinn shipyard to Orkney, where it will be installed by the coast. The Penguin WEC2 is Wello’s first full-scale commercially ready wave energy converter. Wello has previou
TechnipFMC has reported second-quarter 2019 profit of $97 million or 21 cents per diluted share. The services major has seen a 8 percent decrease compared to net profit of $106 million same time last year. The results were affected by after-tax charges and credits totaling $78.6 million of expense,
Tenaris has been awarded the offshore export pipeline for the Noble Energy’s Alen Gas Monetization Project in Equatorial Guinea. This 70-kilometer pipeline will be constructed to transport natural gas from the Alen offshore platform to existing onshore processing facilities on Bioko Island. The proj
Lattice Energy (Lattice), wholly owned subsidiary of Beach Energy (Beach), proposes to undertake geophysical and geotechnical seabed assessments within eight titles in the Otway Basin in Commonwealth waters. The seabed assessment is required to inform the future drilling of offshore subsea gas wells
Eni’s exploration well, located in block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect. Eni Vietnam is the operator of Block 114 with a 50% share, while ESSAR E&P holds the remaining 50%. The exploration well Ken Bau 1X has been drilled
Dutch offshore contractor Van Oord has completed the final part of inter-array cables installation campaign at Northland’s German offshore wind project, Deutsche Bucht. According to Northland Power, the second phase of the cable installation, cable burial and testing of over 40 kilometers of cable h
TechnipFMC’s deepwater pipelay and construction vessel Deep Blue has embarked on a major subsea project laying pipeline for the Peregrino Phase 2 in the Campos Basin offshore Brazil. Deep Blue will install rigid and flexible pipelines as well as PLET structures in water depths of 100 meters about 85
Seismic player Polarcus has bounced back in black when compared to second-quarter 2018 as revenues increased some 45 percent. The Oslo-listed company reported profit for the quarter ended June 30, 2019 of $600K, versus loss of $8.1 million in Q2 2018. For the first six months in 2019, Polarcus’ loss
Subsea 7’s Seaway 7 has secured a sizeable contract for the Hornsea Two offshore wind farm project by Optimus Wind, a subsidiary of the Ørsted Group, for the installation of the entire inner array grid cable system. According to Subsea 7, a sizeable contract is defined as being between USD 50 millio
