Impairments Weigh on Oceaneering’s Results
Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of close to $26 million, […]
McDermott Breaks Ground of New Facility in Saudi Arabia
McDermott has broke ground on its new fabrication facility within the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia. The overall site, which is being developed by Saudi Aramco, is expected to be the largest maritime industries complex in the Kingdom and the Middle East region in terms of […]
Fugro Finalizes UXO Work for Hollandse Kust Zuid OWF
Fugro has completed a second marine unexploded ordnance (UXO) risk mitigation project for TenneT, this time on a cable route survey as part of the construction of the Hollandse Kust Zuid offshore wind farm. The 13-month project involved surveying the route for explosive remnants of war (ERW), including munitions dumped at sea […]
Global Offshore Beefs up Normand Clipper
A 3D model of the Normand Clipper’s back deck in array cable installation mode Global Offshore, part of Global Marine Group, is currently customising the construction support vessel (CSV) Normand Clipper. The vessel, on long-term charter from Solstad Offshore, will be operational within the first quarter of this year. The Normand Clipper is being fitted […]
UTEC Wraps Up Survey Work for McDermott in Middle East
UTEC, a global surveying company in the Acteon group, has completed consecutive as-built and post-construction, anchor-debris-clearance surveys using remotely operated vehicles (ROV) for McDermott International. UTEC mobilized a DP2 offshore support vessel in early December 2019 with work- and observation-class ROVs and a nearshore survey work boat for the as-built campaign. The […]
Reach Subsea Sinks Deeper in Red
Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell against prior-year comparable period. For the fourth quarter 2019, Reach booked loss of close to NOK 25 million on revenues of NOK 107 million, versus loss of NOK 6 million, on revenues of NOK 190 million in the […]
NUWC, CFMETR Use M3R System for Marine Mammal Monitoring
Naval Undersea Warfare Center (NUWC) Division, Keyport, has adopted Marine Mammal Monitoring (M3R) underwater acoustic sensor system for use in a testing range in the northwest Salish Sea operated jointly by the U.S. Navy and Canadian Forces Maritime Experimental & Test Ranges (CFMETR). M3R utilizes a system of hydrophones and computer algorithms to detect, identify, […]
Helix Swings to Quarterly Profit; Hikes Full-Year Result
Helix Energy Solutions has reported net income of $7.9 million, or 5 cents per diluted share, for the fourth quarter of 2019 compared to $13.7 million loss or 9 cents for the same period in 2018. Sequentially, profit fell from $31.6 million of 21 cents per diluted share. Fourth quarter revenues were […]
MMT Welcomes New HSEQ Manager
MMT, a services provider for the the oil & gas, renewable energy and interconnector industries, has appointed Malin Abenius as HSEQ manager of the company. Malin will start in the new role on March 16, the company informed through social media. Malin Abenius said: “I am delighted to join the position as […]
SeaView Systems and Consolidated Ocean Technologies Team Up
SeaView Systems and Consolidated Ocean Technologies (CoTs) have enetered into a strategic partnership to exploit their complementary capabilities for certain service-oriented projects. CoTs’ personnel are experts in subsea technologies and are said to have over 150+ years combined experience in developing, testing, integrating, operating and maintaining subsea systems. SeaView has a track record for devising, […]