MPs and Cabinet Ministers will be urged to do everything they can to protect the US$13 billion (£9billion subsea) industry at a Parliamentary Reception this week, according to Subsea UK. The industry body is leading a delegation of high…
New business models able to handle ongoing volatility in the oil price are set to be the future of the North Sea industry, according to the CEO of Det Norkse. Karl Johnny Hersvik is set to lead a new company, Aker BP, which has been described as a “super independent…
The iXblue’s Phins Compact Family has been designed to offer the AUV industry players the ability to choose an inertial navigation system (INS) adapted to their vehicle. Based on iXblue’s fiber-optic gyroscope technology, Phins C3, C5, and…
Four individuals from the operating and contracting community have been chosen as the winners of this year’s Underwater Technology Foundation (UTF) Subsea Award for their efforts in seeing a new technology through qualification and into engineering…
The Norwegian Petroleum Directorate (NPD) has granted its consent to Statoil and its partners in Gullfaks production license 050 to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Illustration of Rutil…
Italy's Saipem is to lead the industrialization and commercialization of Springs ('Subsea PRocess and INjection Gear for Seawater'), a subsea water treatment technology designed for deep water application, developed in collaboration with oil major Total and water treatment specialist Veolia…
A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by Norway-based DNV GL has resulted…
Wintershall’s flagship development in Norway has reached a new milestone as the two giant subsea templates for the Maria field were installed offshore last week. The 285-tonne templates, each the size of a basketball court, sailed…
Some 28% of UK-based subsea industry firms have seen their sales drop by 50% of more since the start of the oil price collapse, according to a snapship survey by industry body Subsea UK. Yet, almost 80% of those surveyed said they were…
InterMoor has successfully completed the final tensioning and chain cutting operations on the floating production, storage and offloading (FPSO) vessel, Turritella, for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM)…
GE Oil & Gas has completed the qualification of its upgraded 36kV high voltage wet mate connector. MECON WM 36/500 is designed to offer greater reliability and predictability in subsea power system connections, and can be used with equipment such as transformers…
Mermaid Maritime’s subsidiaries, Seascape Surveys and PT Seascape Surveys Indonesia have been awarded six different subsea contracts in the Asian region with an estimated US$15 million. The various work scopes include subsea survey, inspection…
Aker Solutions says it is on track to boost cost efficiency in all areas of the company by a 30% goal - or NOK9 billion (US$1.11 billion) annually - in a bid to meet current market conditions. A quarter of the targeted improvement is expected to be achieved this year…
Materia, a catalyst and advanced polymer developer and manufacturer, has introduced Proxima thermoset resins for applications in subsea thermal insulation, subsea buoyancy, and for downhole tools. Proxima HTI resins for high temperature…
Joint integrity specialist Hydratight completed an upgrade project on a section of subsea pipeline for the John Brookes joint venture, on the North West Shelf of Western Australia. Connector being lowered for John Brooke's project…