Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (August 03 – August 09).


pokit_3416a75f4cea9109507cacd8e2f2aefc

Fugro has announced further headcount reduction of 200 employees in the coming half year, in particular in the Subsea Services and Geotechnical divisions as it anticipates an even more challenging market in the second half of 2015.

The company said it anticipates the oil services market (around 80% of Fugro’s business) to remain weak for the foreseeable future and will continue to drive cost and capacity down in the second half of the year. This should partially offset the anticipated margin decline.


Technip slips into the red

Paris-based subsea major Technip has slipped into the red in the second quarter as the company booked one-off restructuring charges on market adjusting plans, announced earlier in June.

Namely, on July 6, Technip announced the launch of a restructuring plan with a total one-off charge of €650 million. Of this total, €570 million was booked in the second quarter.

 


Jumbo Gets Underwater Restaurant Project in The Maldives

GAC Sweden AB awarded Jumbo a contract for the transportation and installation of an underwater restaurant.

The restaurant consists of an acrylic dome on a steel structure, has a weight of 410 metric tons and is the second one of its kind, the company wrote.

 

 


SURF contractor, Ceona, has expanded its West African reach after entering into a strategic partnership with Interoil Angola.

The partnership will see Interoil Angola, a player in offshore support vessel management in West Africa, support Ceona’s plans to expand into Angola.

 


DOF Subsea Grabs IMR Contract from Freeport McMoran

DOF Subsea North America has been awarded an IMR contract by Freeport McMoran.

The contract is for a period of 6 months firm and 2 x 6 months options. Under the contract, the company will utilize DPII Multipurpose Construction Vessel ‘Harvey Deep Sea’.

 

 


Share this article

Follow Subsea World News

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >

OMC 2017

OMC mission is serving all people interested in the Mediterranean Offshore Industry…

read more >

Ocean Business 2017

Ocean Business 2015 was phenomenally successful, with visitor numbers up an incredible 29%. The overall attendance was a staggering 4,589…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >