Fugro, AGI Sell Seeps Data Off Canada
Fugro and its partner, Amplified Geochemical Imaging (AGI), have sold licences for data from a frontier region offshore Canada. The data was acquired during a hydrocarbon seep survey, heat flow and geochemical coring campaign in the Orphan Basin, on the continental margin of Newfoundland. The comprehensive data package is being licensed from both […]
SCS Inks UK Business Development Deal with Pommec
Subsea Commercial Services (SCS) has signed a UK focused business development contract with Pommec of the Netherlands. According to SCS, Pommec, a manufacturer and supplier of commercial diving equipment and hyperbaric tunnelling solutions, aims to increase its penetration and presence in the UK diving sector and see SCS’ growth services as the […]
Reach Subsea Bags Statoil IMR Deal
Reach Subsea has been awarded a frame agreement by Statoil for the inspection, maintenance and repair (IMR) services in the North Sea. The frame agreement has a duration of five years, and will start in 2019. Commercial terms under the agreement are confidential between the parties, Reach said. The frame agreement is […]
Paradigm Marks Success in US
Paradigm Flow Services’ Houston division has secured work worth £7 million ($9.7 million) in the last 12 months. In late 2016, Kevin Keogh relocated from the company’s Aberdeenshire HQ to Houston where he now heads up business development activities as VP of Commercial. The commercial and engineering capability of the local team has been further […]
ION Expands 3D Seismic Data Offshore Mexico
ION Geophysical has expanded its 3D multi-client reimaging program offshore Mexico. Based on the success of both the Campeche and Mexican Ridges 3D reimaging programs, ION is extending its data in a lesser explored area further to the north, the company informed. The Perdido South 3D reimaging program consists of over 16,000 sq km […]
McDermott Wraps Up CB&I Deal
McDermott has completed its combination with Chicago Bridge & Iron (CB&I), creating a fully integrated provider of technology, engineering and construction solutions for the energy industry. “This is an exciting day for McDermott,” said David Dickson, president and CEO of McDermott. “The combination of McDermott and CB&I brings together a global upstream […]
Polarcus Posts Profit | Subsea World News
Seismic player Polarcus has returned to quarterly profit when compared to first-quarter 2017, despite revenue drop of some 35 percent. The Oslo-listed company reported net profit for the quarter ended March 31, 2018 of $2.8 million or 1 cent per share, versus loss of $38 million in Q1 2017. Sequentially, the result improved from net […]
Weatherford Enters ESP Alliance with Valiant
Weatherford has reached a memorandum of understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs). The pumps are designed for productivity in harsh, abrasive, corrosive and otherwise challenging downhole environments. The MOU creates market-expansion opportunities for both companies. For Weatherford, the addition of the […]
Hydratight and Altus Join Forces on North Sea Contract
Hydratight has signed a three-year contract with a major North Sea operator to support flange management and end-to-end process services. The contract covers the North Sea operator’s onshore and offshore assets and facilities and has scope for future development following a move to integrate its process and pipeline services (PPS) into one […]
C-Tecnics Adds New Distributors | Subsea World News
C-Tecnics has expanded its distributors network with the recent addition of Orca Subsea and Ocean-Net. Orca Subsea, based in Aberdeen, will provide C-Tecnics range of subsea video and communications systems to its clients. The company will provide a range of services to diving and subsea contractors. In addition, C-Tecnics appointed Ocean-Net, based in Spain, […]