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Oceanteam Acquires Oceanwind

August 1, 2015

Oceanteam Shipping has acquired the remaining 48% stake in OCEANWIND BV and is now the sole owner of Oceanwind Cable Storage & Handling Solutions. As a result of the acquisition the company’s name will be changed to Oceanteam Cable Solutions, whereby it can now fully focus and grow its worldwide cable transport, handling and storage services… Continue Reading »

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Increasing diversity in commercial diving

August 1, 2015

Not many people would be surprised to learn that most industrial commercial divers are male. However, just because this is the status quo doesn’t mean that women aren’t pursuing this profession, and companies should be aware of this as they consider their workforce. The large amount of men in this industry shouldn’t prevent diving outfits… Continue Reading »

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PGS Reveals $80 Million Year-on-Year Revenue Loss in 2Q 2015

August 1, 2015

Norwegian oil services firm PGS revealed Thursday a revenue loss of over $80 Million in 2Q 2015, compared to the same period last year. PGS’ revenues in 2Q 2015 were $255.8 million, which was $81.2 million down on the 2Q 2014 revenue figure of $337 million. EBITDA for the quarter was $125.1 million, which was… Continue Reading »

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Subsea 7 Bags USD 500 Mln Gig Offshore Egypt

August 1, 2015

Subsea 7 announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be at depths of approximately… Continue Reading »

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Polarcus Nets West Africa Seismic Contract

July 31, 2015

Polarcus Limited has received a Letter of Intent (LOI) from an undisclosed client for a 3D marine seismic project offshore West Africa. Polarcus will be utilizing its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start in Q3 2015 and is expected to run for approximately 60… Continue Reading »

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Hess Has Second-Quarter Loss as Bakken Helps Lift Oil Output

July 31, 2015

Hess Corp., which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss as higher oil output failed to compensate for lower prices. The second-quarter loss was $567 million, or $1.99 a share, compared with net income of $931 million, or $2.96, a year earlier, New York-based Hess said… Continue Reading »

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Sea Trucks Deploys Jascon 31 in Gulf of Mexico

July 31, 2015

Sea Trucks Group announces the recent award of a charter for the Jascon 31 vessel in the Gulf of Mexico. The DP3 Accommodation Construction vessel will start sailing soon from West Africa to the Gulf of Mexico. Sea Trucks will provide accommodation support services, lifting operations and installation work to Permaducto S.A. de C.V. for… Continue Reading »

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Diver Luke Seabrook died after Nova Scotia Power dam gate left open, brother says

July 31, 2015

It’s been exactly two weeks since Luke Seabrook died in a workplace accident at Nova Scotia Power’s Annapolis Tidal Power Plant. For his family, this mourning period has been especially painful because of the awful way in which he died. Seabrook, a 39-year-old commercial diver from Dartmouth, was underwater inspecting the gates controlling the flow… Continue Reading »

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Subsea 7 Profit Declines

July 31, 2015

Subsea 7 announced revenue for the second quarter 2015 of $1.4 billion, a decrease of $553 million or 29% compared with Q2 2014.  Adjusted EBITDA for the quarter was $275 million, a decrease of $178 million compared to Q2 2014. Adjusted EBITDA margin was 20%, compared with 24% in Q2 2014. The reduction in Adjusted EBITDA reflected the… Continue Reading »

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WHAT IS A COMMERCIAL DIVING ATTORNEY?

July 31, 2015

A commercial diving attorney is charged with the responsibility of assisting an injured diver and his or her family, typically at a very precarious time in their lives. An injured diver may be facing significant economic issues while simultaneously dealing with potentially devastating injuries. A commercial diving attorney understands that the injured diver has his… Continue Reading »

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