Company Updates

Seabed Geosolutions announces that it has signed a contract to sell the entirety of its shallow water ocean bottom cable (OBC) recording equipment for around US$ 10 million. This equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates.

Sparrows Group has doubled the size of its operations in the United Arab Emirates (UAE) after securing contracts worth in excess of £55 million in the past three months. The awards have resulted in over 150 new positions being created in the region and includes scopes that accelerates the company’s expansion in the drilling sector.

CGG has established a Regional Geoscience Center in Abu Dhabi to deliver geophysical, geological and reservoir technology and support to clients across the Middle East. With this move, CGG is bringing its integrated geoscience offering for exploration, field development and production optimization directly to the doorstep of national and independent oil companies in the region.

McDermott International, Inc. has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Mr. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer. He replaces Stuart Spence, who has resigned from McDermott to pursue other opportunities.

TCarta Marine, a global provider of geospatial products and services, has opened an office in Kingston, Jamaica. Officially operating as a separate Jamaican company, TCarta Caribe offers the complete line of TCarta satellite-derived bathymetry, seafloor classification, land use/land cover, and air quality solutions to Jamaica and the entire Caribbean region.

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