Norwegian seabed seismic services player Magseis has bounced back in black in the second quarter of 2017 as revenue jumped over 150 percent. The Oslo-listed company has seen its revenue at USD 19.4 million, up from USD 7.7 million same time last year. Revenue for the first half of 2017 came at $40.5
Norwegian offshore vessels provider, GC Rieber Shipping, has reported loss of NOK 84.6 million for the first six months of 2017, compared with a loss of NOK 547.5 million in the 1H 2016. The Oslo-listed firm generated operating income of NOK 132.8 million in the first half of 2017, boosted by the hi
Oslo-listed SeaBird has seen red in the quarter ended June, 2017 as revenues fell some 88 percent on continued weak market demand. The seismic data provider for oil and gas companies posted loss of around $11 million or $3.64 per diluted share for the second quarter of 2017, compared to profit of 3
A specialised piece of underwater scanning equipment has been used to locate and identify WWII ‘bouncing bombs’ in a Scottish loch. GSE Rentals, part of Unique System UK provided the scanning equipment and engineering support to produce sonar images of the seabed at the dive site currently being exp
Swedish tidal energy developer Minesto has decreased the loss in the first half of 2017 for around 38% compared to the same period a year earlier.
Mainstay Marine Solutions has secured funding to support the purchase of 150/200 ton amphibian hoist that will expand its ability to provide services for vessels and marine renewable energy (MRE) devices.
Glasgow-based offshore survey specialist Partrac has been selected by Statoil to provide real-time wave and current measurement services for Hywind Scotland, the world’s first floating wind farm.
Global Marine Group (GMG) has been awarded a contract from E.ON to install a fibre optic cable at the Rampion offshore wind farm, under construction 13km off the coast of Sussex, UK. Upon completion the cable will run from the shore to an offshore substation, providing a vital communications link fo
KBR has been awarded pre-front end engineering design (FEED) and project support services contracts by BP for the development of the Tortue / Ahmeyim field offshore Mauritania and Senegal. Under KBR’s global services agreement with BP, KBR has won these new contracts to provide pre-FEED and project
ConocoPhillips has received consent from Petroleum Safety AUthoritx (PSA) Norway for preparations for and the start of the removal of minor structures from the Ekofisk field facilities. The consent also includes the installation of a temporary crane on Ekofisk 2/4 FTP. ConocoPhillips has applied to
WavEC Offshore Renewables has conducted biofouling tests at AW-Energy’s deployment site for its WaveRoller wave energy converter to gather data that will be used for selecting the best anti-fouling protection for the device.
Dutch marine services player Royal Boskalis Westminster has seen a profit drop of close to 50 percent in the first half of 2017 on weak offshore market which affected company’s revenue by close to €79 million. For the first six months ended June 30, 2017, Boskalis generated net income of €75 million
Dredging International, part of the DEME Group, has secured the contract from Belgian transmission system operator Elia for the submarine power cable installation for the Modular Offshore Grid (MOG) in the North Sea. DEME will deploy its new fleet of vessels to carry out the works, including hoppers
Partrac has been selected by Statoil to provide real-time wave and current measurement services for Hywind Scotland, the world’s first floating wind farm. Partrac has been contracted for a minimum of 1 year (with multi-year contract extension options) to manage the deployment and maintenance of the
