Aker Solutions has delivered the key subsea component for the system being developed by Marine Well Containment Company to limit environmental risks from oil and gas production in the US Gulf of Mexico. The Subsea Containment Assembly…
Royal IHC (IHC) has joined forces with Tompkins UK – the parent company of Modus Seabed Intervention – to enter the deep and ultra-deep water, oil and gas geotechnical survey and site investigation market under the banner of TI Geosciences…
Technip CEO and chairman Thierry Pilenko says the headwinds facing the industry, both before and following the oil price collapse imply a 'prolonged, harsh slowdown' in many parts of the oil and gas industry. Pilenko, outlining the firm's 2014 results…
The outlook for mergers and acquisitions in the oil and gas service sector in 2015 will hinge upon the resilience of businesses and a recalibration of pricing expectations, according to energy specialist corporate advisory firm Simmons & Co…
Subsea 7 is to provide fabrication, subsea installation and diving services on Woodside Energy's Persephone project offshore Australia. The Persephone Project consists of two wells tied into a subsea production manifold with production…
Proserv was named company of the year at the 2015 Subsea UK Awards. During the past 12 months, Proserv marked a number of milestones including a series of contract awards which expanded its manufacturing facilities and launching a new subsea technology…
Sonardyne has announced that Seatronics is to take delivery of US$1.54 million worth of its 6G acoustic positioning technology. The contract was displayed at the Subsea Expo 2015 exhibition and conference in Aberdeen. The 6G equipment…
GE Oil & Gas invested more than US$20.7 million across its subsea manufacturing facilities in Montrose, Scotland, enhancing the business’s test and assembly (T&A) and manufacturing capabilities in direct response to customer need. GE…
The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times. An Infield report showed subsea tree orders, a major indicator of subsea activity, is expected to fall by nearly 30% between 2014-2019…
Subsea industry leaders were told not to 'waste a good crisis' today (February 11), with simplified engineering, a calibration of costs and better collaboration key focus areas. A sense of urgency is needed to re-baseline costs, which should have been addressed already years ago…
With the discovery of deepwater pre-salt reservoirs offshore Brazil, national operator Petrobras began complex drilling operations to uncork the massive hydrocarbon reserves under these salt layers, which acted as seals, preventing the oil and gas from escaping…
Severn Glocon Group is revealing a High Integrity Pressure Protection Systems (HIPPS) for oil and gas topside and subsea applications at Subsea Expo in Aberdeen this week. Severn says the subsea HIPPS will be the first to combine independent…
Aquaterra Energy is launching its new riser monitoring system (RMS), analytic equipment that the company says will enhance health and safety, increase asset life extension and deliver cost savings for the industry. Doyle…
Statoil is considering using an unmanned wellhead platform - instead of a subsea development - for a planned extension of the Oseberg field development. Illustration of unmanned wellhead platform. From Statoil…
North-east England subsea vehicle specialists Specialist Machine Developments (SMD) is to be taken over by a Chinese corporation. Zhuzhou CSR Times Electric Co., which specializes in mass transit electric drive converter and control systems…