Subsea World News has put together a recap of the most interesting articles from the previous week (October 19 – October 25).
The office is also being utilized by the other business units of the Boskalis Offshore Energy division, providing Transport & Installation scopes, Decommissioning projects, chartering of offshore vessels, cable laying activities, subsea rock installation and cable crossing projects.
Offshore services player, Helix Energy Solutions, has seen its net income slide to $9.9 million, or $0.09 per diluted share, for the third quarter of 2015 compared to net income of $75.6 million, or $0.71 per diluted share, for the same period in 2014.
Owen Kratz, President and Chief Executive Officer of Helix, said: “Industry conditions continue to remain challenging, and we expect Q4 results to be impacted by normal seasonal factors in the North Sea as well as a continuation of the weak industry environment.”
The contract covers the engineering, procurement, fabrication, installation and commissioning of three flexible pipes totaling 9.9 kilometers.
For the Q3 2015, the Houston-based subsea specialist posted profit of $82 million, or diluted earnings per share of $0.35, compared to a net income of approx. $170 million, or $0.7 diluted earnings per share for the year-ago quarter.
Euan Tait joins ROVOP from professional services firm KPMG LLP having spent his career in a variety of roles within corporate finance and oil and gas companies.