Scana Records Strong Growth
Scana reports that it has more than doubled revenues and EBITDA in the first quarter. Revenues increased by 126 percent to $21.2m (NOK 208 million) compared to the same period last year, while EBITDA was up 140 percent to $1.63m (NOK 16 million), with the acquisition of PSW Group being the main driver.“Scana have transitioned to a new company. The acquisition of PSW Group closed on 11 January 2022, and Scana now forms a driving force for the green shift in the ocean industries,” says Styrk Bekkenes, CEO of Scana.“Our ambition is to reach $173m (NOK 1.7 billion) in revenues in 2025.
Scana Merges with PSW Group
Norwegian equipment and service supplier Scana ASA said it is merging with Bergen-based PSW Group, a player in electrification and shore power as well as a major supplier of products and services to the offshore and maritime industries. Together, the Norwegian companies aim to create a leading global service provider for maritime's green shift.“The entire maritime industry is in transition to more sustainable operations. Our goal is to create a partner for this green shift, both in shipping…
Huisman to Deliver Giant Skyhook Crane to Norway
Dutch crane specialist Huisman has signed a letter of intent with Norway-based Wergeland and PSW for the delivery of its Skyhook quayside crane at the Gulen Industrial Harbour, Norway.The crane - dubbed the largest Slewing Jib Quayside Crane in the world - will be deployed at the Gulen Industrial Harbour, the base of Wergeland and near PSW Group in Mongstad, providing the additional potential for both decommissioning works as well as for outfitting the next generation deepwater semi-submersibles in the port’s 100 meters wide dock.
Odfjell Drilling in Tighter 2Q North Sea Market
Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Operating revenue for Q2 2014 was USD 272 million (USD 289 million), a decrease of USD 17 million, or 6 %. Operating revenue decreased due to reduced engineering- and well services activity in Norway and in UK, as well as loss of revenue contribution from the divested Mooring business line in the Well Services segment. The reduction in operating revenue is also explained by reduced income for Deepsea Atlantic due to the completion of the 5-year special periodic survey (SPS) in Q2 14, which was partly offset by increased financial utilization on the remaining MODU fleet this quarter compared to Q2 2013.
