Schlumberger Posts $10.1Bln Loss in 2019

Schlumberger has booked some $10.1 billion loss for 2019, despite relatively flat revenues, recognizing material pretax charges driven by market conditions, particularly in North America. “In contrast, after two years of strong growth, North American revenue fell sharply, driven largely by the land market weakness affecting our OneStim pressure pumping business, as […]

Axxis Geo Begins OBN Acquisition in Middle East

Axxis Geo Solutions (AGS) has started the 3D ocean bottom node (OBN) seismic acquisition under the previously announced contract in the Middle East. The work will be undertaken through most of the first quarter 2020. The revenue stream from this contract, as well as progress made with short term creditors and suppliers, […]

US Navy Deal for L3Harris

L3Harris Technologies has been selected to provide an unmanned undersea vehicle for expeditionary undersea missions for U.S. military forces by the U.S. Navy and the Defense Innovation Unit (DIU). DIU has awarded an Other Transaction Agreement (OTA) to L3Harris for the U.S. Navy’s next generation small-class maritime expeditionary mine countermeasures unmanned undersea […]

JFD Adds Ansti Test Systems

JFD has acquired Ansti Test Systems – designer and manufacturer of test facilities for performance measurement of underwater breathing apparatus. Ansti Test Systems provides turnkey packages which utilise computerised data acquisition techniques to display the performance of breathing apparatus under test, in real time. The systems can be configured to meet requirements […]

PSW Takes Control of EMAS Spoolbase in Norway

PSW Group has signed an agreement for operation of the former EMAS spoolbase located in Gulen Industrial Harbor, Western Norway. The agreement covers all activities related to the production and spooling of pipelines for offshore use. The spoolbase, which was constructed in 2014 to optimize handling a wide range of subsea and […]

JFSE Merges with JFO | Subsea World News

James Fisher Offshore (JFO) has consolidated its services with its sister company, James Fisher Subsea Excavation (JFSE). The merger brings JFSE under the banner of JFO, which should, according to the company, create a dynamic single source of services across asset and project lifecycles, positioned to deliver time and cost savings to […]

PGS to Offer Data in APA 2019 Award Areas

Petroleum Geo-Services (PGS) has set out plans to offer GeoStreamer X data in APA 2019 Award Areas announced by NPD. PGS has GeoStreamer data library coverage over the 2019 APA license areas announced by NPD and plans for new acquisition projects in 2020 to further expand this in key areas of the […]