Schlumberger Profit Hikes 88 Pct
Schlumberger has seen its net income jump 88 percent in the first quarter of 2018. The oilfield services giant generated profit of $525 million, or 38 cents per share, on revenue of $7.28 billion, versus profit of $279 million, or 20 cents per share, on revenue of $6.89 billion same time last year. Revenue increased […]
Kreuz Mobilizes Newbuild Vessel for Brunei Shell Contract
Kreuz Subsea has mobilized the newbuild dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company (BSP). The contract, which runs until 2022, includes supporting BSP with inspection, repair and maintenance services to be carried out on offshore oil and gas structures in Negara Brunei Darussalam’s territorial waters. These include […]
Baker Hughes Q1 Adjusted EPS $0.09
Baker Hughes, a GE company, (BHGE) has reported profit of $70 million or 17 cents per diluted share on GAAP basis for the quarter ended March 31, 2018. Adjusted diluted earnings per share were 9 cents per share. The company generated revenue of $5.4 billion for the quarter, down 7% of $400 million sequentially and […]
Finnish Diving Support to Clear Balticconnector from Explosives
Baltic Connector Oy’s subcontractor Finnish Diving Support Oy will be clearing three explosives along the pipeline route in the Gulf of Finland between April 23 and 27, 2018. The explosives are located on the Balticconnector pipeline route approximately 40-42 kilometers away from the shore in Finnish economic waters. The removal of the explosives will not […]
Belgian Navy Renews SeeTrack Licences for Its AUVs
SeeByte has secured the renewal of 10 SeeTrack licences used for the existing AUV fleet of the Belgian Navy. The renewal includes an upgrade to the latest version of SeeTrack V4, and comprises of operational support and SeeByte’s Automatic Target Recognition (ATR) suite. SeeByte’s technical client manager, Alastair Cormack said, “The SeeTrack V4 package offers […]
Wood, Roue and Cisco Launch Oil and Gas Center in Mexico
Wood, Cisco and Roue Consultores have participated in the opening of a new, first of its kind, Oil and Gas Advanced Technology Center (ATC) located in Wood’s operations center in Naucalpan, Estado de Mexico. The Oil and Gas ATC highlights the value the Internet of Things can bring in the upstream, downstream and midstream oil […]
Hydro Group Managing Director Shortlisted for EY Award
Hydro Group’s managing director, Doug Whyte, has been announced as a finalist in this year’s EY Entrepreneur of the Year award in the sustained excellence category. Celebrating its 20th year, the Awards recognize entrepreneurs who are making a positive impact on their society and economy. Doug Whyte said: “It is a huge honour to be shortlisted […]
BlueFin Partners Up with Emerson in GoM
BlueFin and Emerson have signed a working partnership agreement to deliver the Roxar gauge technology to the U.S. Gulf of Mexico region. The partnership will deliver a combined offering of Emerson’s Roxar Downhole Pressure and Temperature Gauge technology coupled with BlueFin’s installation services and chemical injection systems. A more recent Roxar product announcement, the Downhole […]
HR Wallingford, Ørsted Refine Borkum Riffgrund 2 Foundations
HR Wallingford and Ørsted have worked together to test and refine the design of the suction bucket foundations for the Borkum Riffgrund 2 offshore wind farm in the German North Sea. The testing was conducted as a part of the research project investigating scour effects, and the most suitable scour protection for the novel foundation structures. The […]
Diver Training Agency RAID Lands New Investor
Inverness Graham Investments, a private investment firm based in Philadelphia, has trough its recreational safety education portfolio company, Kalkomey Enterprises, invested in the RAID Scuba Diver Training agency. “We’ve been carefully researching the options to enter the scuba market for some time. We chose RAID because it has the values we look for in a […]