Oslo-listed SeaBird has recognised net loss of $3.9 million for Q3 2020, against net loss of $5 million in the same period in 2019. The seismic player recorded revenues of $3 million in Q3, an 81 per cent drop compared to $16 million in Q3 2019. The company had quarterly vessel utilization of 28 per
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention u
Rambøll has secured another contract with Energinet to carry out an export cable route survey for the Hesselø offshore wind farm in Denmark. The contract concerns the proposed export cable route with landfall in Gilleleje. Two export cable routes were initially explored, thus two tender processes we
TechnipFMC’s Schilling Robotics division has selected Energid Technologies’ Actin robotics software development kit (SDK) for its new automated Gemini ROV system. Schilling Robotics is leveraging motion control features of the Actin software to enhance the performance and effectiveness of the Gemini
French seismic player CGG has narrowed its quarterly loss despite revenues falling some 26 per cent compared to same time last year. For the quarter ended 30 September, CGG recognised loss of $93 million, against loss of $147 million in the prior year comparable period. Adjusted net loss from contin
Houston-based ION Geophysical booked net loss in the third quarter 2020 of $16.6 million, or a loss of $1.16 per share, compared to a net loss of $3.7 million, or a loss of $0.26 per share in the third quarter 2019. The company reported total net revenues of $16.2 million in the third quarter 2020,
Fugro Netherlands Marine BV has won a contract to develop an Integrated Ground Model and a Geotechnical Interpretative Report for the 4 GW IJmuiden Ver wind farm zone in the Dutch North Sea. The IGM and the report should be of sufficient accuracy to allow (preliminary) foundation design, the Netherl
Norwegian geophysical services company EMGS has booked its third loss this year as market continues to be very challenging for seismic players. The Oslo-listed firm posted Q3 2020 loss of $4.2 million, versus profit of $5.1 million in Q3 2019. Revenues for the quarter fell at $2.1 million from $26.9
The Netherlands-based cable logistics company WIND has officially established a branch office in Taiwan. WIND’s cable crew mobilized all the handling equipment and is ready to start the first renewable storage project next week, the company said. “We are proud that our clients requested us to extend
Inter-array cable testing and termination will start at the Moray East offshore wind farm around 11 November, with the first of the two campaigns for this work scheduled to commence then. The testing and termination works will be carried out from the wind turbines and offshore substation platforms a
Norwegian shipowner GC Rieber Shipping has slipped into the red in the third quarter of 2020 on its marine seismic market share. As a result, the Oslo-listed GC Rieber booked loss of NOK 27.5 million, against profit of NOK 17.3 million same time last year. The company had a fleet utilisation of 100
Cabling specialist Nexans has generated third-quarter 2020 revenues of €1.4 billion, down 9.8 per cent versus prior-year comparable period. In the first nine months, Nexans sales came to €4.3 billion, also down 9.8 per cent year-on-year. Nevertheless, revenues were up close to 6 per cent quarter-on-
CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties
Ocean robotics firm Houston Mechatronics Inc. (HMI) has secured a deal to provide 26 all-electric ‘Olympic Arms’ to Triumph Subsea Services for their fleet of work class ROVs. This landmark agreement represents the industry’s first commercialisation of this technology. Derived from HMI’s Aquanaut te
