Reach Charters New Subsea Vessel for Joint Projects with MMT
Reach Subsea has entered into a charter agreement with Topaz Energy and Marine for the newbuild subsea vessel Topaz Tiamat for two and a half years, with three yearly options. Topaz Tiamat will be deployed as a part of the co-operation agreement between Reach and MMT, who have been awarded several frame agreements over the […]
SeaBird Sees Deficit Shrink | Subsea World News
Oslo-listed SeaBird has narrowed its quarterly loss for the period ended September 30, 2018 as revenues picked up on higher utilization, compared to prior-year third quarter. The seismic data provider for oil and gas companies posted loss of around $4.6 million for the third quarter of 2018, compared to loss of $26 […]
Eidesvik Gets Contract Extensions for Two Vessels
Eidesvik has secured contract extensions for two of its vessels, the Viking Neptun subsea construction vessel and Acergy Viking service operation vessel (SOV). Viking Neptun will continue working for Merkur Offshore until mid May with further optional extensions. Viking Neptun was contracted in September by Merkur Offshore GmbH for support work in the offshore wind market. […]
Piriou Delivers Vessel to Moroccan Royal Navy
French shipbuilder Piriou has recently delivered a 72-meter hydro-oceanographic and multi-missions vessel (BHO2M) ‘DAR AL BEIDA’ to the Moroccan Royal Navy. This contract is the third the Moroccan Royal Navy awarded Piriou, following the contract for the building of a 50m Landing Craft Tank and the refit of offshore Patrol Vessel (OPV) […]
Aquaterra Energy in Another Johan Sverdrup Deal with Equinor
Aquaterra Energy has been awarded a contract by Equinor to deliver early well construction operations for the next sixteen wells of the Johan Sverdrup field development. The award follows Aquaterra Energy’s Phase I tie-back project for the engineering of nine complete strings of centralizers and tieback engineering services, which were delivered in […]
Subsea 7 Profit Slips | Subsea World News
Engineering and construction specialist Subsea 7 has seen profit cut by close to 32 percent in the quarter ended September 30, 2018 on lower project pricing secured during the downturn and activity drop in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $76 million, or $23 cents per diluted share, […]
SeaBird Secures More Work in GoM and North-West Europe
SeaBird Exploration has received another 30 day extension for the Osprey Explorer vessel, currently undertaking an ocean bottom node (OBN) survey in the US Gulf of Mexico. The survey was secured in June 2018 and started in late August. This extension brings the firm period of the contract to a total of […]
OPT Expands Product Offering | Subsea World News
Ocean Power Technologies has expanded its suite of complimentary products that leverage the core technology of the PowerBuoy, which include subsea batteries and a hybrid (liquid-fueled) PowerBuoy. George H. Kirby, president and chief executive officer of OPT, said, “Our team has been working diligently to identify opportunities to leverage our technologies to address the needs […]