Latest News

McDermott Ups Guidance as It Returns to Profit
Tue, 25 Apr 2017 12:24:12

Houston-based McDermott posted quarterly profit of $21.9 million, or $0.08 per fully diluted share, compared to net loss of $2.2 million, or $0.01 per fully diluted share same time last year. The...

Baker Hughes Revenue Slips, But Loss Narrows
Tue, 25 Apr 2017 12:02:45

Baker Hughes has recognized net loss for the quarter ended March 31, 2017 mainly on restructuring charges, asset impairments, and its GE merger-related costs. However, the oilfield services company...

Bureau Veritas Gets Leviathan Verification Contract
Tue, 25 Apr 2017 09:58:38

Bureau Veritas (BV) has been appointed by Noble Energy, to provide an independent verification of its development executions in the Leviathan project, off the Mediterranean coast of Israel. Bureau...

Hydratight, CSS Provide Pipeline Repair Solution Off Australia
Tue, 25 Apr 2017 09:17:55

Engineering teams from UK-based subsea connector specialists Hydratight and Norwegian technologists Connector Subsea Solutions (CSS) have completed a deepwater pipeline repair in Western Australia....

CWind Delivers Isles of Scilly Cable Repair Project
Tue, 25 Apr 2017 08:49:32

CWind, a part of the Global Marine Group, has completed a power cable repair, reconnecting the Isles of Scilly to the mainland electricity. The C.S. Sovereign, the company’s specialist cable...

PHOTO: TechnipFMC’s New DSV Gears Up for Its First Project
Tue, 25 Apr 2017 08:16:04

TechnipFMC’s new diving support vessel (DSV) Deep Explorer is preparing for its first project, the company informed through social media. It hasn’t been yet confirmed which project the DSV,...

DOF Subsea Takes Over Canadian Subsea Shipping Company
Tue, 25 Apr 2017 07:47:39

Norwegian company DOF Subsea said it has purchased the remaining shares in Canadian Subsea Shipping Company (CSSC). Before the transaction, the Oslo-listed firm owned 45 percent of the shares in the...

Financing Deal in Place for Nord Stream 2 Project
Tue, 25 Apr 2017 06:12:16

Nord Stream 2 AG has signed financing agreements for the Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall. These five European energy companies have committed to provide...

SeaBird to Deploy Osprey Explorer for West Africa Survey
Tue, 25 Apr 2017 06:11:51

SeaBird Exploration has signed a letter of award (LoA) for an upcoming 2D seismic survey in West Africa. The project is due to start in the second quarter and will have a duration of approximately...

New Subsea Cable to Connect Spain and Brazil
Tue, 25 Apr 2017 06:01:25

The Spanish and the Brazilian governments have agreed to install subsea cable between the two countries. The EllaLink subsea cable will connect Madrid and Sao Paulo, as well as Lisbon, Reuters...

DeepOcean Wins Middle East Post-Lay Trenching Gig
Tue, 25 Apr 2017 05:21:50

DeepOcean has been awarded a contract for the provision of post-lay trenching and backfilling works on 56 kilometers of power cable offshore United Arab Emirates (UAE). The contract follows two...

Statoil Gets Nod to Use Gina Krog
Mon, 24 Apr 2017 12:39:29

Statoil has received consent from Petroleum Safety Authority (PSA) to put the Gina Krog facility and associated pipeline system into service. Statoil received the approval to put into service the...

Incat Crowther to Design Stapem Offshore Catamaran DSVs
Mon, 24 Apr 2017 12:30:18

Incat Crowther has been awarded a contract with Legacy Marine Group of Port Elizabeth, South Africa for the design of two new 18-meter catamaran dive support vessels (DSVs) to be built for for...

Turkish Seismic Vessel in Eastern Mediterranean Shoot
Mon, 24 Apr 2017 09:43:39

The Barbaros Hayreddin Pasha seismic vessel has started Eastern Mediterranean survey in line with the government’s ‘National Energy and Mining Policy’. According to Turkish Anadolu...

JFD Secures Contract with UK MOD Salvage and Marine Ops
Mon, 24 Apr 2017 08:08:44

JFD, a James Fisher and Sons company, has been awarded a four-year framework contract, worth up to £10 million, by the UK MOD Salvage & Marine Operations Team for the provision of subsea...

Shearwater to Provide 3D Vessel for TGS New Survey
Mon, 24 Apr 2017 07:41:20

Shearwater GeoServices has secured a contract from TGS for its Crean 3D project to be conducted offshore Ireland. Shearwater will provide one of its 3D vessels for the 5,400 km2 survey located in the...

Engie Calls TechnipFMC and Aker for Cara Feasibility Studies
Mon, 24 Apr 2017 07:36:41

Engie E&P Norge has awarded contracts for feasibility studies for the Cara project (PL 636) in the Norwegian part of the North Sea to TechnipFMC AS and Aker Engineering and Technology AS. The...

Helix Narrows Q1 Loss
Mon, 24 Apr 2017 06:58:45

Offshore services player Helix Energy Solutions has seen red in the first quarter of 2017, but managed to improve when compared to a year-ago period as well intervention activity and utilization...

TGS Plans Crean 3D Survey Off Ireland
Mon, 24 Apr 2017 06:26:23

TGS announced plans for a new multi-client acquisition project, Crean 3D, on the Irish Atlantic Margin. Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South...

Sovcomflot Takes Delivery of Polarcus Amani
Mon, 24 Apr 2017 05:25:18

Oslo-listed Polarcus said it has delivered the vessel ‘Polarcus Amani’ to SCF GEO (Sovcomflot) following the charter agreement announced in February this year. The fixed period of the...

AGR Nets NPD Deal
Mon, 24 Apr 2017 05:06:02

AGR has secured a new framework agreement from the Norwegian Petroleum Directorate (NPD) for delivery of reservoir management. The agreement will see AGR deliver reservoir management studies in...

Keith Grammar School Wins Scottish MATE ROV Contest
Mon, 24 Apr 2017 04:18:32

Keith Grammar School has come out on top in an annual competition which sees pupils from across Scotland put underwater robots they have designed and built to the test. The Scottish leg of the MATE...

Highlights of the Week
Sun, 23 Apr 2017 10:22:32

Subsea World News has put together a recap of the most interesting articles from the previous week (April 17 – April 23). TechnipFMC and DOF Subsea joint venture has taken delivery of a newbuild...

Schlumberger Sees Q1 EPS Halved, But Revenue Growth of 6 Pct
Fri, 21 Apr 2017 12:36:07

Oilfield services major Schlumberger has posted first-quarter 2017 profit of $279 million, or 20 cents per diluted share, versus profit of $501 million, or 40 cents per diluted share same time last...

PHOTO: Aasta Hansteen Spar on Its Way to Norway
Fri, 21 Apr 2017 10:28:16

Norwegian oil & gas giant Statoil has reached another milestone as the world’s largest spar destined for Aasta Hansteen field sets sail for Norway. At 14:30 local time in South Korea the...

Saipem Keeps 2017 Guidance Despite Q1 Profit Drop
Fri, 21 Apr 2017 08:09:22

Italian oilfield services player has reported net profit of €47 million for the three months ended March 31, 2017, against €61 million in the same quarter last year. Adjusted net profit was €54...

Siem Offshore Bags New OSCV Contracts
Fri, 21 Apr 2017 07:46:36

Oslo-listed marine contractor Siem Offshore has landed several global charter contracts including for its offshore subsea construction fleet. The 93.6 meters long OSCV Siem Marlin, designed for ROV...

C6 Technologies Launches Its Well Intervention System
Fri, 21 Apr 2017 06:55:46

C6 Technologies, an oilfield technology company offering solutions for well intervention and conveyance utilising composite materials, has informed that its new ComTrac system is performing field...

PGS in Q1 Profit Warning
Fri, 21 Apr 2017 06:21:45

Norwegian seismic player, Petroleum Geo-Services (PGS) said it expects revenues for Q1 2017 of approximately $155 million ($203 million in Q1 2016), with an EBITDA of approximately $30 million ($79...

Shearwater Contracts Veripos for GNSS Positioning Services
Fri, 21 Apr 2017 05:43:42

Veripos, has won a contract for global navigation satellite systems (GNSS) positioning services with recently formed seismic contractor Shearwater Geophysical. Under the terms of the new agreement,...