Mermaid Maritime Public Company Limited on 12 February 2014 announced first quarter 2014 net profits of USD 13.3 million with its subsea business leading the recovery and drilling business also doing well. In addition to the financial results and reports released on that date, Mermaid adds the following highlights: Growing strong in both subsea and […]
NKT Cables established its submarine cable Logistics Centre at Rotterdam’s deep-water port in the Netherlands. The centre with its present 9,000 tonne and 4,600 tonne turntable capacity has been implemented within the NKT Cables production flow, in order to provide a substantial logistics capacity. With its unique cable splicing technology, NKT Cables can connect long […]
The Brazilian government is conducting a study on the exploration tempo for deepwater pre-salt development in order to be able to map the process and anticipate and meet the needs from various players, including that for subsea equipment, Marco Press news agency reports. Numerous foreign specialists in deepwater equipment manufacture have recognized the significant pre-salt […]
InterMoor, an Acteon company, has won a contract for design, fabrication and installation of 12 suction pile anchors, pre-set installation of 12 chain / polyester / chain mooring lines and hook-up of the LLOG Delta House production semi-submersible (the Floating Production System “FPS”). The work will be conducted in the Mississippi Canyon 254 block of […]
October 23, 2013 | Posted in
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FMC Technologies, Inc. reported third quarter 2013 revenue of $1.7 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were $0.49 compared to $0.41 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustment of $8.5 million or $0.04 per share, compared to […]
To meet the high demands of the Canadian Navy and other professional divers in Canada, RJE International has teamed up with Aqua Lung Canada in British Columbia to distribute their wide range of diver navigation platforms, underwater acoustic beacons, transponders and acoustic receivers, MCM sonars. With the signing of an exclusive agreement between the two […]
October 9, 2013 | Posted in
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In response to the fast-expanding offshore wind market, DNV KEMA, the energy arm of DNV, has developed a new standard that will help accelerate the development of a new generation of floating offshore wind turbines by establishing design requirements for the floating structure and related systems. According to Johan Sandberg, head of renewable energy at […]
June 26, 2013 | Posted in
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TAQA today issued an update regarding the situation at the Cormorant Alpha platform in the UK North Sea. After two hydrocarbon releases within a leg of the Cormorant Alpha platform in January and March, TAQA has accelerated a long-term inspection, repair and maintenance programme that has been under way since 2011. Production on the platform […]
May 6, 2013 | Posted in
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CGG announced today its non-audited first quarter 2013 consolidated results. All comparisons are made on a year-on-year basis with CGG 2012 results and before the acquisition of Fugro Geosciences. The company reports an excellent start to the year with an EBIT at $162 million including a $35 million positive non-recurring impact from the Fugro Geosciences […]
ION Geophysical Corporation yesterday reported first quarter 2013 revenues of $129.7 million, a 16% increase from revenues of $111.7 million in first quarter 2012. First quarter 2013 net income was $1.5 million, or $0.01 per diluted share, compared to net income of $8.2 million, or $0.05 per diluted share, in first quarter 2012. Adjusted EBITDA […]
