Reach Subsea Takes NOK 15 Mln Loss

Reach Subsea Takes NOK 15 Mln Loss

Norwegian contractor Reach Subsea has booked a negative result in the fourth quarter 2016, caused by a challenging ...

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Farstad Books Forex Boost, Unsure in Fixed Market Upturn

Farstad Books Forex Boost, Unsure in Fix Market Upturn 2

Weakening of US dollar has helped the Norwegian shipowner Farstad to bounce back to profit during the first quarter ...

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Revenues Slide, But DOF Subsea Ups Quarterly Profit

Revenues Slide, But DOF Subsea Ups Quarterly Profit

DOF Subsea reported profit for the first quarter 2016 of NOK 316 million compared with NOK 139 million profit for ...

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Eidesvik in Profit Despite Revenue Drop

Eidesvik in Profit Despite Revenue Drop

Norwegian vessel owner, Eidesvik Offshore, has bounced back in black as it booked foreign exchange gains and offset ...

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Subsea 7 Stacks Two More Vessels

Subsea 7 Stacks Two More in Q1 2016

Oil services company, Subsea 7 has recorded a net income of $147 million in the Q1 2016 compared to $151 million in ...

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Kanter Marine to Build Seven Hydrographic Vessels for Canada

Illustration, Photo:  Government of Canada

Kanter Marine of St. Thomas, Ontario, has secured a contract to build seven new survey vessels for the Canadian ...

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Wintershall to Use Island Offshore Vessels on Vega Field

Wintershall to Use Island Offshore's Vessels on Vega Field

Wintershall Norge AS has received consent to use the mobile drilling facilities Island Frontier and Island ...

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Bourbon Books $84 Mln Loss in 2015

Bourbon Books $84 Mln Loss in 2015

Bourbon has ended the year 2015 in red as the lower utilization rate and an negative unrealized foreign exchange ...

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Eidesvik in Red Despite Revenue Boost

Eidesvik in Red Despite Revenue Boost

Norwegian vessel owner, Eidesvik Offshore, has narrowed its quarterly loss year-over-year on higher revenues ...

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Polarcus Wins More Work

Polarcus Wins More Work

Polarcus has received multiple awards which together extend the fleet backlog by six vessel months, the Oslo-listed ...

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Bourbon Stacks 13 More in Q4

Bourbon Stacks 13 More in Q4

French vessel owner and offshore services provider, Bourbon, has posted a small increase in full-year adjusted ...

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Rederij Groen Buys into GloMar

Rederij Groen’s Linde-G, renamed to Glomar Linde-G.

Guard and seismic support vessels specialist, Rederij Groen from Scheveningen, has acquired a 50 per cent stake in ...

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OSBIT Power Expands to Deliver ITFs for Helix Vessels

Photo by Neil Denham

OSBIT Power has secured additional facilities at the Port of Blyth to deliver its largest project yet to Helix ...

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OSBIT's Access Systems for Helix's Well Intervention Vessels

OSBIT Power's Access Systems for Helix's Well Intervention Vessels

OSBIT Power has completed work on three new walk-to-work access systems to be installed on a trio of new well ...

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Rapp Marine's Equipment for Two Chinese Research Vessels

Rapp Marine's Equipment for Two Chinese Research Vessels

Rapp Marine has been chosen as the supplier of advanced equipment packages for two new oceanographic research ...

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Wärtsilä's Propulsion for Two New Research Vessels

Wärtsilä's Propulsion for Two New Research Vessels

Two new marine geological research vessels under construction in China will feature Wärtsilä engines and propulsion ...

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Havyard Posts Profit Drop

The Havyard 858 L WE, Postponed for 2018

Havyard Group has seen profit decline in the third quarter 2015 due to slashed utilization in all of its business ...

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Reach Subsea Looking into Vessel Lay-Ups and Redundancies

Edda Fonn Reach Subsea

Lower activity levels and tough market conditions could force Norwegian contractor Reach Subsea to lay up two of ...

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Sonardyne's Ranger 2 Acoustics for CCC's Diving Vessels

Sonardyne Supplies Ranger 2 Acoustics for CCC's Diving Vessels

CCC (Underwater Engineering) S.A.L has selected Sonardyne’s Ranger 2 acoustic positioning technology for its entire ...

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Bourbon Q3 Revenues Down Despite Forex Boost

Bourbon Q3 Revenues Down Despite Forex Boost

Bourbon has posted higher revenue for the first nine months of 2015, despite reporting a drop in utilization rates ...

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PGS Takes USD 110 Mln Loss

Ramform Hyperion

Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $110 million for the third quarter ...

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