Cal Dive International, Inc. announced that it has recently commenced a two-year charter of the DP saturation diving vessel Kestrel to a major contractor in Mexico to perform repair and maintenance work for Pemex. The charter started in mid-October and has a fixed term of two years with an additional one-year option. The charter is [...]
October 19, 2012 | Posted in
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Cal Dive International, Inc. reported a second quarter 2012 loss of $5.7 million, or $0.06 per diluted share. This compares to a loss of $5.0 million, or $0.05 per diluted share for second quarter 2011. The results for second quarter 2012 included an effective tax benefit rate of 38%, compared to a higher effective tax [...]
Cal Dive International, Inc. announced that it has been awarded a contract by Pemex Exploración y Producción for the installation of a 20 inch subsea pipeline located in the Abkatun Pol Chuc Field in 73 meters of water. The contract is expected to generate total revenue of approximately $46 million and will utilize two of [...]
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Cal Dive International, Inc. announced that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonment of sixteen wells, seven pipelines, and the removal of eight structures. The contract is expected to generate total revenue of approximately $25 million and will utilize two [...]
January 31, 2012 | Posted in
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To tackle the strong currents in Australia’s offshore oil & gas fields, leading contracting company, Cal Dive International (Australia) Pty Limited, selected Saab Seaeye’s powerful new Panther XT Plus ROV (Zone Rated and configured for operations in hazardous areas) when making that choice. A Cal Dive spokesman said, ‘The Panther ticks all the boxes. [...]
Cal Dive International, Inc. reported a third quarter 2011 net loss of $5.6 million, or $.06 per diluted share, excluding $28.8 million ($.31 per diluted share) of after-tax non-cash impairment charges related to certain fixed assets recorded as part of the Company’s annual impairment review. Including the impairment charges, the Company reported a third quarter [...]
Cal Dive International, Inc. announced that it has been awarded a contract by Pemex Exploración y Producción for the installation of an 8 inch subsea pipeline located in the Abkatun Field in 47 meters of water. The contract will generate total revenue of approximately $27 million and will utilize two of the Company’s key [...]
October 26, 2011 | Posted in
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![Cal Dive Announces Amendment to its Credit Facility (USA)]()
Cal Dive International, Inc. announced that an amendment to its credit facility, which matures in April 2016, has been approved. In connection with the amendment, the primary financial covenants included in the credit facility will be amended, and the size of the revolving credit facility will be reduced from $300 million to $150 million. [...]
![Cal Dive Announces Management Promotions (USA)]()
Cal Dive International, Inc. announced the retirement of Scott T. Naughton, the Company’s Chief Operating Officer, effective September 9, 2011. Also, the Company announced that John R. Abadie, Jr., the Company’s current Senior Vice President – Operations – Western Hemisphere, has been promoted to serve as Executive Vice President and Chief Operating Officer, and [...]
![Cal Dive Reports Q2 Net Loss of USD 5 Million (USA)]()
Cal Dive International, Inc. reported a second quarter 2011 net loss of $5.0 million, or $.05 per diluted share compared to a net loss of $11.0 million, or $.12 per diluted share for the second quarter 2010. The net loss improved by $6.0 million due to increased profitability as a result of a construction project [...]
