Eidesvik Sinks Deeper into Red

Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its ...

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Farstad Takes NOK 3.6 Bln Loss in 2016

Norwegian shipowner Farstad has seen its loss widened on more than 40 percent drop in operating income and large ...

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Oceanteam Cuts Loss

Oslo-listed Oceanteam has booked net loss of some $3 million for the forth quarter of 2016. This result compares ...

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Eidesvik Sells Viking Poseidon

Norwegian vessel owner Eidesvik has signed a Memorandum of Agreement (MoA) to sell Viking Poseidon vessel to an ...

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Jan de Nul’s New Vessel Launched in China

Jan De Nul’s new multi-purpose vessel ‘Adhémar de Saint-Venant’ has been launched from AVIC shipyard in ...

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Fleet Impairment Sinks Solstad to $180 Mln Loss

Oslo-listed Solstad Offshore has recognised loss of close to NOK 1.5 billion ($180 million) for the fourth quarter ...

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Magseis Hikes Revenues

Norwegian seabed seismic services player, Magseis, has bounced back in black at the end of the fourth quarter ...

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Fugro Cuts Over 3000 Jobs in 2 Years

Fugro has axed over 3000 jobs in the past two years due to continuous downturn in the oil and gas services market. ...

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SeaBird’s Harrier Explorer to Conduct Caribbean Survey

SeaBird Exploration, a seismic data acquisition company, has signed an agreement to provide a 2D seismic vessel for ...

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JFSE's Trenching Solution for SapuraKencana Pipeline Project

James Fisher Subsea Excavation (JFSE) has developed a new tool capable of trenching large diameter pipelines in a ...

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Fugro Subsea and DOF Ink Skandi Olympia Contract

Fugro Subsea Services and DOF have signed a new six month contract plus options for construction support vessel ...

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McDermott Narrows Q4 Loss and Delivers Profit in 2016

Houston-based McDermott posted quarterly net loss of $0.5 million, or $0.00 per fully diluted share, compared to ...

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McDermott Strengthens Subsea Fleet

McDermott has confirmed the acquisition of the newly-built pipelay and construction vessel Amazon to boost ...

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Boa Shipping Gets Gulmar Payment for Boa Rover Dispute

Boa Shipping , a wholly owned subsidiary of Norwegian shipowner Boa Offshore, has received approximately USD 16 ...

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Polarcus Shrinks Quarterly Deficit, Ends 2016 in Black

Seismic contractor Polarcus has posted quarterly loss on non-cash charges and revenues drop of some 35 percent when ...

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Forland Secures Work for Its Vessel During EMAS Standstill

Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector ...

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Helix Reduces Losses Despite Revenue Drop

Offshore services player Helix Energy Solutions has seen red in the fourth quarter of 2016 on impairment charges ...

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Pharos Beefs Up Its Trenching ROV

Pharos Offshore has recently completed the development and enhancement of a 2,500-meter rated SMD-built tracked (or ...

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AEUK Wins Contract for Two Submarine Hunting ARCIMS

Atlas Elektronik UK (AEUK) has secured an export contract award for its ARCIMS mission system with an undisclosed ...

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PHOTO: Ultra Deep Cuts Steel for DSCV Deep Installer

Ultra Deep Solutions has held a steel cutting ceremony for its diving support and construction vessel ‘Deep ...

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Oceanica Takes Delivery of DSV Newbuild

The second of a pair of 43-meter monohull dive support vessels (DSV), the Oceanicasub V, has been delivered by ...

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DOF Subsea Swings to Quarterly Loss

DOF Subsea, a subsidiary of DOF Group, reported net loss in the fourth-quarter 2016 (Q4 2016) of NOK 430 million ...

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Kreuz Subsea and Genesis Join Forces in Nigeria

Kreuz Subsea has set up a joint venture in Nigeria with Genesis Group. Genesis Kreuz will provide services of ...

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Ichthys Offshore Facilities Named in South Korea

A double-celebration was held in South Korea’s shipyards on Friday with the official naming ceremonies of two ...

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Allseas Hires Solstad’s CSV Normand Poseidon

Solstad Offshore has entered into a contract with Allseas for hire of the subsea construction vessel ‘Normand ...

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Kraken on Track for First Oil in Q2 as FPSO Arrives to Field

Kraken floating production storage and offloading (FPSO) vessel has arrived at its field location in the UK North ...

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Siem Helix 2 Arrives at Huisman Facility for Outfitting

Huisman Equipment has welcomed Siem Helix 2 vessel to its Schiedam facility in the Netherlands. The second well ...

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