The global oil market will likely tighten in the second half of 2023 after the recent decision by OPEC+ to cut oil production, Spencer Dale, BP plc's chief economist said on Tuesday.There is a scope for oil markets to tighten a little bit in case China's oil demand and its overall economy recovers…
Australia's Harvest Technology Group Limited said it has developed a unique solution for an oil and gas exploration company, enabling access to real-time data from the sea floor.The system uses acoustic transfer technology to securely transmit…
ROV technology specialist Forum Energy Technologies (FET) on Wednesday unveiled its latest generation of video recording solutions for the survey and inspection of subsea assets.'Version 11 (V11) of VisualDVR, a digital video recorder produced by FET’s VisualSoft product line…
Kraken Robotics' SeaVision 3D underwater laser scanning technology is primarily used in assisting the offshore energy sector to acquire quality subsea asset integrity information. Specific examples include providing measurements to help clients…
RightShip is pressing ahead with its zero-harm vision for the maritime industry by evolving its GHG Rating to incorporate new regulations being introduced by the International Maritime Organization (IMO) in 2023.In Q1 of 2023, the GHG Rating…
Advanced Navigation debuts the Boreas D70, a fiber-optic gyroscope (FOG) inertial navigation system (INS). According to the manufacturer, the technology is well suited to surveying, mapping, and navigation across subsea, marine, land and air applications…
CorPower Ocean, Maersk Supply Service and Dieseko have installed the first commercial-scale UMACK anchor to support the HiWave-5 demonstration project. The anchor has been installed 4km off the coast of Aguçadoura, in northern Portugal, where…
Hydromea and Air Control Entech (ACE) entered into a service partnership agreement to commercialize EXRAY, a wireless ROV (remotely-operated underwater vehicle), for inspections at offshore floating platforms.ACE will actively promote and use…
Woodside collaborated with industry to create a state-of-the-art offshore caisson cleaning and inspection tool (CCAIT system), designed to enable safe and cost-effective remote inspection of offshore platforms.The unique system was designed…
Ashtead Technology developed a new optical chain measurement system (CMS) to provide highly accurate and repeatable mooring chain measurements to track chain corrosion, wear and elongation between surveys, combined with inclination measurement to verify chain tension…
Kongsberg Maritime has launched a new multibeam echosounder - EM 712 USV - for use with Unmanned Surface Vehicles (USVs).The latest addition to Kongsberg's EM 712 range of shallow- to medium-water multibeam echosounders for seabed mapping applications…
Acoustic and inertial position reference systems from marine technology company Sonardyne have been chosen to underpin the critical station-keeping activities of multiple deepwater vessels operating in the energy and ocean research sectors.UK-based Sonardyne said Tuesday that…
Sercel launched Bluepulse, a marine acoustic source that is a purpose-built to help protect marine wildlife from high-frequency emissions while maintaining highly accurate and reliable results for seismic acquisition.Bluepulse is compatible with all existing peripherals…
Intellian received type approval from Inmarsat for its new FB250 and Fleet One L-band terminals, making it one of the first to market with user terminals for operation on Inmarsat’s catalyst L-band network, ELERA. The FB250 is a multi-functional terminal…
Blue Ocean Seismic Services reports it has completed a series of passive and active sea trials in the North Sea using a DP2 class Multi Role Vessel. When tested at various weights, the company’s underwater autonomous vehicle successfully and…