Oslo-listed Subsea 7 has delivered another positive quarter backed by higher activity in renewables sector as it came almost flat with profit in the prior-year quarter. The subsea engineering and construction specialist posted quarterly profit
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TechnipFMC has reported first-quarter 2017 net income of $190.8 million and diluted earnings per share of $0.41. Excluding charges and credits of $193.5 million, or $0.30 per diluted share, adjusted diluted earnings per share were $0.71.
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Keppel Offshore & Marine (Keppel O&M) has held a naming ceremony for the BW Offshore’s new floating production storage and offloading (FPSO) vessel, the BW Catcher. Upon its completion, BW Catcher will be on a
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Yinson Clover (YCL) has secured a contract with Talisman Vietnam (TLV) for the supply, operation and maintenance of a floating production storage and offloading (FPSO) vessel for Ca Rong Do field in the Block 07/03 offshore
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Oceanscan has purchased several Teledyne BlueView M900-130 subsea imaging sonars. The M series sonars are 30% smaller than the older P Series, the company noted. The Teledyne BlueView M series is commonly used as a pilot
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BP said it has identified more than 200 million barrels of additional resources at its Atlantis field in the deepwater Gulf of Mexico by using the so-called Full Waveform Inversion (FWI) seismic imaging technology. Geophysicists
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Dril-Quip has reported net income of $94 thousand, or $0.00 per diluted share, for the three months ended March 31, 2017, versus net income of $36.8 million, or $0.97 per diluted share, for the first
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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 company had no
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Trelleborg’s offshore operation has launched Buoyant Uraduct, a protection system for subsea cables, umbilicals, flowlines and hoses. Based on the original Uraduct design, Buoyant Uraduct is designed to protect cables from abrasion and impact. The
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TechnipFMC has reached a new milestone associated with Total’s Egina project with the delivery of the 2oth subsea tree for the ultra-deep field off the coast of Nigeria. Earlier this year, the first TechnipFMC subsea trees for Egina
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