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…
Cabled subsea instrumentation will help increase the accuracy of time-lapse seismic data for Norwegian energy firm Equinor at the giant Johan Sverdrup oil field in the North Sea, about 87 miles west of Stavanger, Norway.From first production at the development…
Norwegian engineering company Aker Solutions has been appointed by Wintershall to build a complete digital replica of Nova production system in the Norwegian North Sea for data-driven engineering, production and maintenance decisions.Through two separate agreements…
A Floating Storage and Offloading project in the Norwegian Sea is to benefit from high-end products for data and process control from MacArtney & Moog Focal.MacArtney has secured a contract from APL Norway AS, a Norwegian Mooring and Loading…
UK and Netherlands-based subsea provider N-Sea said it has been awarded two multimillion dollar contracts for a pair of unnamed operators in the North Sea.Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator…
Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.Effective immediately, Wood will…
The global market for remotely operated vehicles (ROVs), which are a vital part of underwater activities in offshore, is valued at USD 210 million in 2018 is expected to reach USD 330 million by the end of 2025, growing at a CAGR of 6.3% during 2019-2025…
Missions—it’s all a question of missions. The mission decides the payload, battery capacity, size and processing power of an autonomous underwater vehicle, or AUV. King among these is payload, from which market disruption is just waiting to happen…
Saab Seaeye said it has shown that underwater e-robotic vehicles can dock at remote deepwater sub-resident docking stations for data transfer, assignment instructions and battery charging.The underwater robotics company said its Sabertooth hybrid…
Royal Boskalis Westminster N.V. announced Wednesday that it has signed a contract for the replacement and repair of a part of the inter-array cables at an unnamed offshore wind farm. The contract is valued at approximately $90.4 millionThe Dutch…
Controls technology company Proserv said it has promoted Tore Erntsen to the position of chief technology officer (CTO), Subsea Controls, based at the firm’s Trondheim facility.Prior to taking on his new role, Erntsen was vice president, engineering and technology…
Houston based Trendsetter Engineering said it has finished building a range of subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field under development in the Eastern Mediterranean Sea off the coast of Israel…