Oi: Tracking 50 Years of Ocean Innovation
As Oceanology International celebrates its 50th Anniversary, Marine Technology Reporter explores half a century of subsea technology development and discovery. Oceanology International Americas runs February 25-27, 2019 in San Diego.When Oceanology launched in 1969 in the seaside resort of Brighton the world was a very different place. For a start, Brighton was home to the mods and rockers, who would square off against each other on the town’s elegant seafront. The British currency included shillings and ha’ pennies and man had yet to step foot on the moon.More crucially…
Seismic Business Link-up: Mitcham's Seamap & PGS
Mitcham Industries' marine equipment manufacturing unit, Seamap, has signed a manufacturing agreement with a subsidiary of Petroleum Geo-Services (PGS). Over the past several months, Seamap and PGS have collaborated to develop PGS SourceLink, a customized and proprietary marine energy source controller based on Seamap's GunLink 4000 system. Under the terms of the arrangement, Seamap will manufacture and sell the PGS SourceLink systems to PGS, as requested. Guy Malden, Executive Vice President of Marine Systems of Mitcham Industries, stated, "We are delighted to have established this new relationship with one of the leaders in the marine seismic business.
Mitcham Industries 4Q & Year-End Results
Mitcham Industries, Inc. (NASDAQ:MIND) announced financial results for its fiscal 2009 fourth quarter and year ended January 31, 2009. The company reported total revenues of $16.2m for the fourth quarter of fiscal 2009 compared to $20.8m in the fourth quarter of fiscal 2008. Net income for the fourth quarter of fiscal 2009 was $421,000, or $0.04 per diluted share, compared to net income of $3.3m, or $0.32 per diluted share, for the fourth quarter of fiscal 2008. Fourth quarter earnings were impacted by a $2.4m charge to the company's provision for doubtful accounts and a gain of $580,000 resulting from an insurance settlement on equipment destroyed during Hurricane Ike. Absent these two items, fourth quarter 2009 net income was approximately $1.6m, or $0.16 per diluted share.
Mitcham Industries 3Q 2009 Results
Mitcham Industries, Inc. (NASDAQ:MIND) announced financial results for its fiscal 2009 third quarter ended October 31, 2008. Core leasing revenues increased 19 percent to $10m for the third quarter of fiscal 2009 from $8.4m for the third quarter of fiscal 2008. Net income for the third quarter increased to $2.7m, or $0.27 per diluted share, from $2.4m, or $0.24 per diluted share, in the third quarter of fiscal 2008. The company announced today that Seamap was awarded orders totaling approximately $11m by The Polarcus Group of Companies (Polarcus), a new entrant in the marine seismic market, to equip all six of its new state-of-the-art vessels with the GunLink 4000 fully distributed digital gun controller systems and BuoyLink RGPS tail buoy positioning systems.
