Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the company’s financial restructuring. SeaBird posted net profit of $63.3 million for the first quarter of 2015, compared to net loss of $0.6 million in the corresponding period in 2014. The profit was
Aberdeen-headquartered EFC Group has been awarded multiple multi-million dollar contracts by oilfield services company, Weatherford. According to EFC Group, the company has developed a long-term relationship with Weatherford, leading to multiple contract awards for Managed Pressure Drilling equipmen
Proserv has completed the first phase of one of its largest contracts yet to provide subsea control systems for deepwater projects in Brazil. The firm has delivered the initial three of nine control systems that will support drill pipe riser (DPR) intervention services at depths of 2500 metres. The
Norway’s Dolphin Geophysical has seen profit dip in the quarter as its 2D seismic division puts pressure on earnings coming from the 3D seismic business. Despite the revenue growth, the Oslo-listed seismic player, recorded Q1 2015 net income of USD 4.6 million, compared to USD 8.1 million in Q1 2014
A competition run by the European Marine Energy Centre (EMEC) offering free Environmental Technology Verification (ETV) to successful technology developers has been launched. Fergus Ewing, the Scottish Energy Minister, announced that the winner of the competition will be taken through the full ETV p
French seismic contractor, CGG, has booked a drop in revenues for the quarter, ended March 31 2015, due to the impact of the fleet reduction and to deteriorating market conditions. In the first quarter 2015, CGG generated revenues of $570 million, down 29 per cent compared to Q1 2014 and down 37 per
Alcatel-Lucent Submarine Networks (ASN) and Ocean Networks, Inc. will build a 14,200 km submarine cable system linking Hawaii to South America. The South America Pacific Link (SAPL) system will connect Oahu in Hawaii, Balboa in Panama and Santiago in Chile, providing additional capacity to meet the
James Fisher has acquired of the entire share capital of Mojo Maritime Limited (MML). According to reports, the initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 December 2015
Ulstein has reported that at Hyundai Heavy Industries, the ‘Toisa Patroklos’ vessel is nearing completion. The multipurpose offshore construction vessel, a customized Ulstein Deepwater Enabler design, is the largest vessel built featuring the patented X-BOW and the first to be built in Korea. It was
UK-based SURF contractor, Ceona, has been awarded a new deepwater contract with Houston-based Bennu Oil & Gas LLC in the Gulf of Mexico (GoM) on their Mirage field. This contract comes after a first contract was awarded and completed last year for operations on their Clipper deepwater field. The agr
Helix Energy Solutions’ robotics subsidiary, Canyon Offshore, has executed a Master Charter Agreement (“MCA”) with Technip U.S.A. to provide Light Construction Vessels, ROV services, and tooling in support of Technip’s subsea construction projects in the U.S. Gulf of Mexico. The MCA includes a firm
Atlantis has granted Global Energy Group (GEG) a preferred supplier status for the provision of certain fabrication, manufacture, assembly and logistical support services. Atlantis will enter into a lease at GEG’s Nigg Energy Park for Shop 1, located in Scotland, and use the facility for turbine ass
Wintershall and its partners have submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Mar
Cameron and OneSubsea, a Cameron and Schlumberger company, have won Spotlight on New Technology Awards at the Offshore Technology Conference (OTC) by meeting the criteria for new, innovative, proven products of broad interest that have significant impact. Cameron won an award for its Mark IV High Av
