Subsea Digitisation

An article by WFS Technologies

CGG Swings to Profit After Restructuring

French geoscience expert CGG has reported net profit of $647 million for the quarter ended March 31, 2017, against ...

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Proserv Gets New CEO After Restructuring

Proserv, an energy services company, has completed financial restructuring with aim to strengthen the long-term ...

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The Underwater Centre Stays Afloat

The Underwater Centre, located in the Scottish Highlands, has completed restructuring after receiving industry ...

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Heerema Cuts 350 Jobs as It Exits Offshore Pipe Lay Segment

Heerema Marine Contractors (HMC) has informed that it will cease its offshore pipe lay activities with immediate ...

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Vroon Agrees Restructuring with Its Lender Group

Vroon has reached an in principle agreement with all its lenders regarding the terms of its financial ...

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Cordia Supports Oceanteam Restructuring and Re-Vitalizing

Oceanteam has reached an agreement with Keesjan Cordia to take a substantial shareholding in the company and to ...

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Proserv Restructuring Delivers New Majority Shareholders

Aberdeen-based energy services company Proserv has entered into a restructuring agreement with its principal ...

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AFS Emerges as Possible Lifeline for Ezra

Financial consultancy specialist Asia Fund Space (AFS) has agreed to acquire new shares in the capital of Ezra as ...

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Bourbon Restructuring Move Lines Up 41 Ships for Sale

French vessel owner and offshore services provider Bourbon is accelerating its transformation and announced its ...

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Polarcus Raises NOK 300 Mln through Private Placement

Seismic contractor Polarcus has raised NOK 300 million in gross proceeds through a private placement. The ...

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CGG Looks for New Boss as Malcor Leaves Helm in Q1 2018

French seismic player CGG has informed that its chief executive officer, Jean-Georges Malcor, will step down from ...

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PGS Reorganizing Business

Norwegian seismic player Petroleum Geo-Services (PGS) is changing its company model to adjust to weaker and more ...

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Heerema Marine Contractors to Axe 250 Jobs

Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with ...

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SeaBird Strikes Restructuring Deal

SeaBird said it has obtained all consents required for the restructuring it presented in May this year. The company ...

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SeaBird Presents Debt Solution

SeaBird Exploration, a seismic data acquisition company, said it will propose to its bondholders and certain of its ...

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Emas Chiyoda Subsea in Bankruptcy Filing

Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy ...

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Solstad - Farstad - Deep Sea Supply in Major Merger

Solstad Offshore, Farstad Shipping and Deep Sea Supply will combine to create a new OSV company following ...

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Another Standstill Extension for Olympic

Norwegian provider of subsea and offshore construction vessels, Olympic Ship, said it has reached an agreement with ...

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Siem Backs Out of Farstad Rescue Deal

Farstad Shipping and Siem Oil Service Invest (SOSI) informed that the companies have not succeeded in finding a ...

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Olympic Secures Standstill Agreement Extension

Norwegian Olympic Ship, a provider of inspection, maintenance, and repair vessels, has reached an agreement with ...

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80 Jobs Lost as Olympic Avoids Bankruptcy

Norwegian provider of subsea and offshore construction vessels, Olympic, said on Friday it has obtained support ...

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