Oceaneering Swings to Quarterly Loss
Subsea engineering specialist Oceaneering has reported net loss of $33 million, or 34 cents per share, for the three months ended June 30, 2018. Adjusted net loss was $23 million, or $23 cents per share. During the corresponding period in 2017, the Houston-based company reported profit of $2.1 million, or $2 cents […]
TechnipFMC Sees Profits Slide | Subsea World News
TechnipFMC has reported second-quarter 2018 profit of $106 million or 23 cents per diluted share. The services major has seen a 36 percent decrease compared to net profit of $165 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Revenues for the […]
Keppel Shipyard Names Perenco’s FPSO La Noumbi
Keppel Offshore & Marine’s wholly owned subsidiary, Keppel Shipyard has held a naming ceremony for the floating production storage and offloading vessel (FPSO) for Dixstone holdings, an affiliate of Perenco. The FPSO, converted from the crude oil tanker, was named La Noumbi at Keppel Shipyard which was witnessed by Jean-Marc Thysthere Tchicaya, minister of Hydrocarbons, Republic of […]
Polarcus Cuts Deficit | Subsea World News
Seismic player Polarcus has reduced quarterly loss when compared to second-quarter 2017 as revenues increased some 24 percent. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $8 million, versus loss of $34 million in Q2 2017. Sequentially, Polarcus slipped into red from profit of close to […]
EMGS Reports Weaker Quarter | Subsea World News
Norwegian geophysical services company EMGS has recorded slightly lower results when compared to second-quarter 2017, with net loss widened by some 200K. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $6.2 million or 6 cent per share, versus loss of $6 million in Q2 2017. Sequentially, […]
Subsea 7 Revenue Up But Profit Cut in Half
Oslo-listed Subsea 7 has seen profit cut by close to 50 percent in the quarter ended June 30, 2018 on fewer large projects, lower margins and lower activity levels in some of its business units. The subsea engineering and construction specialist posted quarterly profit of $74 million, or $24 cents per diluted […]
CGG Adds New CFO | Subsea World News
CGG has appointed Yuri Baidoukov as group CFO, effective September 1, 2018. Yuri Baidoukov will be based in Paris and report to the chief executive officer, Sophie Zurquiyah. “I am very pleased that Yuri has agreed to join CGG and look forward to having him on the executive team,” said Sophie Zurquiyah. “Yuri’s extensive […]
TechnipFMC Lands Gorgon Subsea Deal in Australia
TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Phase 2 development, located offshore Western Australia in water depths ranging from 250 to 1,340 meters. The contract covers the project management and engineering, transportation, installation and pre-commissioning of umbilicals and flying leads as well as manifolds. The award also […]