Cal Dive International News

Unique System HRF set up dockside

Mobilization of HRF Completed in GoM

airlocks. From Houston, Texas, its specialization embraces hydrographic survey equipment rental and sales. The HRF was transported to Pensacola in the state of Florida, set up and completed various procedures including IMCA testing and subsequent customer approval. The system was leased by Cal Dive International for the duration of its project in order to insure the safety of its saturation divers in the event of an emergency while on the project. The testing of the unit and fit up and test of the SPHL to the unit were successfully completed in the last week of August.   HRF units are used

MTR100: Cal Dive International

2500 CityWest Boulevard, Suite 2200, Houston, TX 77042 T: 877-361-2600 E: generalinquiries@caldive.com W: www.caldive.com CEO/President/Chairman: Quinn J. Hébert Since 1975, Cal Dive International has not only provided quality vessel management around the world, but has also focused on the continual education and training of their employees to ensure safety remains a top priority. This attitude comes about from its mantra, “Say what you do, do what you say”. Its services include manned diving, derrick, pipelay, and pipe burial services offered to oil and gas producers of

Offshore operations:Image credit Cal Dive

Cal Dive CFO Brent D. Smith Resigns

Cal Dive International, Inc. says that  Brent D. Smith, the Company’s Chief Financial Officer, has voluntarily resigned from the Company to pursue other opportunities. The Company explains that it has commenced a search for a new Chief Financial Officer and will consider both internal and external candidates. Until a new Chief Financial Officer is named, Mr. Quinn J. Hébert, the Company’s Chairman, President and Chief Executive Officer will assume the additional responsibilities of Chief Financial Officer of the Company. Mr. Smith has agreed to make himself available to

Image courtesy of Cal Dive

Cal Dive Sells Off its GofM Surface Diving Fleet

Cal Dive International says it has sold its U.S. Gulf of Mexico shallow water surface diving fleet to a privately held company for cash of US$18.5-million and a 19.9% minority interest in the entity acquiring the assets. Cal Dive explains that the assets sold are comprised of eight surface diving vessels and miscellaneous inventory and equipment and it anticipates recording a gain during the second quarter as a result of the transaction. Net proceeds from the sale were used to repay a portion of the Cal Dive’s revolving credit facility. The Company also entered into a multi-year alliance

Underwater operations: Image courtesy of Cal Dive

Cal Dive Shaves Loss in Q1 2014

Houston's Cal Dive International, Inc. has  reported a first quarter 2014 loss of $13.1 million, or $0.14 per diluted share, on revenues of $119.1 million. This compares to a loss of $17.7 million, or $0.19 per diluted share, on revenues of $80.9 million for the first quarter 2013. For the first quarter 2014, the Company reported EBITDA of positive $2.0 million compared to negative $6.5 million for the first quarter 2013. Commenting on the results, Cal Dive’s Chairman, President and Chief Executive Officer, Quinn Hébert, stated, “The improvement in our first quarter results

Image courtesy of Cal Dive

Cal Dive Cuts Losses In Q4 2013

Houston-based Cal Dive International, Inc. generated a loss for the fourth quarter 2013 of $0.5 million, or $0.01 per diluted share, which compared with a loss in the fourth quarter of the previous year of $19.1 million, or $0.21 per diluted share. Commenting on the results, Cal Dive’s Chairman, President and Chief Executive Officer, Quinn Hébert, stated: “As expected the fourth quarter was our best quarter of the year due to the ramp up in offshore work in Mexico. This increase was partially offset by harsh winter weather conditions throughout the Gulf of Mexico and lower

Quasar ROV being launched (Photo: Bibby)

Bibby Reports Thriving Subsea Business

since its launch, with Bibby Subsea being perfectly positioned to deliver enhanced capabilities and undertake subsea projects using our international fleet of subsea support vessels and remotely operated vehicles (ROVs). “Bibby Subsea’s preliminary $1 million contract with Cal Dive International to mobilize a work-class remotely operated vehicle (WROV) on Cal Dive International’s support vessel in Mexico, the Mystic Viking, is ongoing, with talks in place to increase our ROV presence in the region. “Market demand for subsea services is forecast to grow by 43% over

Andrew Duncan

Bibby Subsea Expands in Houston

Bibby Subsea. He will be responsible for establishing the Bibby Subsea brand in the U.S. and implementing Bibby’s robust corporate framework within this new area. The new division has also secured its first contract mobilizing a SMD Quasar work-class remotely operated vehicle (WROV) on Cal Dive International’s support vessel, Mystic Viking. This represents Bibby Subsea’s first call off job since signing a Master Service Agreement with Cal Dive. The contract, valued at circa £600,000, is for a pipeline touchdown monitoring project in Mexico with a likely duration of over two

Harkand Appoints New CEO

oil and gas industry. “Nicolas has played a key role in creating and shaping the organization to date and positioning us for further growth as we go forward and we look forward to his continued involvement in developing the group in the future.” Reed most recently served on the Cal Dive International Inc. Board of Directors from May 2012 to August 2013. Prior to that he was CEO of Global Industries Ltd. from March 2010 until its acquisition by Technip S.A. and is a former CEO of Heerema Marine Contractors. He holds a Bachelors’ degree in Engineering from the University of Mississippi

Photo courtesy of Cal Dive

Cal Dive Edges Toward the Black in Q2 2013

Cal Dive International, Inc. reports second quarter 2013 results and announces additional Pemex contract award of US$40-million. Cal Dive International, Inc. (NYSE: DVR) reported a second quarter 2013 loss of $1.7 million, or $0.02 per diluted share, on revenues of $121.0 million, which compares to a loss of $5.7 million, or $0.06 per diluted share, on revenues of $120.3 million for the second quarter 2012. The latest Pemex contract is for the procurement, installation and commissioning of 3.5 kilometers of 20 inch subsea pipeline and associated tie-ins to an existing platform. The offshore

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