Subsea engineering, construction and services company, Subsea 7 has added yet one more feather in its Africa offshore cap after winning an engineering studies contract with a possibility of extending it to engineering, procurement, construction…
Dutch supplier Seatec said it has been awarded a contract for the design and delivery of four subsea pump systems.The comany said all four systems will be fitted with special hydraulic motor, remotely operated underwater vehicle (ROV) release and various electrical sensors plus valves…
A new synthetic aperture sonar (SAS) unveiled this week by Kraken Robotics Inc. is designed to provide ultra high definition seabed mapping with superior area coverage rates, according to the developer.'Kraken’s latest development, the AquaPix MINSAS-240 sensor…
Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…
Kraken Robotics Inc. announced Tuesday it has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants that had been issued in connection with the company’s private placement of units to Ocean Infinity in June 2018.…
BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks.Enpro said…
A sonar monitoring system will help a major US oil company to reinforce its deepwater offshore asset integrity assurance in the US Gulf of Mexico.The system, a wide-area Sentry Integrity Monitoring Sonar (IMS) developed and delivered by subsea engineering specialist Sonardyne International…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment.The company said its Atlantic region has been awarded a contract by…
Sparrows Group Cable and Pipe Lay Solutions (CPLS) division has delivered its largest renewables project to date as part of three contracts awarded through VBMS; DEME Offshore, formerly known as Tideway; and DeepOcean. The work scope, part of…
As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have…
Offshore operator Naviera Tramarsa has extended its subsea vehicle fleet with a new Cougar XT remotely operated underwater vehicle (ROV) from manufacturer Saab Seaeye.The 2,000m rated Cougar XT will enter operations in May 2019, joining the company’s Saab Seaeye Falcon ROV…
Subsea 7 posted higher-than-expected fourth-quarter profits on Thursday and announced a special dividend payment as well as an extension of its share buybacks.The Oslo-listed offshore services provider's adjusted earnings before interest, tax…
Norwegian offshore service and supply ship shipping company Solstad Offshore has won a four-year contract extension with the seabed-to-surface engineering company Subsea 7 for the construction support vessel (CSV) Normand Subsea.The duration of the contract is now firm until 31…
Subsea 7 S.A. announced Wednesday it has been awarded a contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea…
Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.Output from Shell-operated Ormen Lange, Norway's…