Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.Brent crude fell 20 cents…
A growing battalion of small, compact systems is marching in on the subsea world, in some ways making it a bigger space for more to enter. Elaine Maslin reports.Smaller remotely operated vehicles (ROVs) and smaller autonomous underwater vehicles…
A Turkish drone meant to help seek hydrocarbons in the eastern Mediterranean landed at an airport on the divided island of Cyprus on Monday, a Turkish official said, in a move that could further stoke tensions between Turkey and Greece.The breakaway…
The use of drones to inspect offshore assets can drive up safety levels, increase operational time and reduce costs.In just a few short years, drone technology has “come a very, very long way,” says Tyler Collins, VP of enterprise services at PrecisionHawk…
Houston-based global seismic services company SAExploration announced a combined $130 million of new projects in Alaska, Canada and the Middle East.According to the geophysical services provider the largest contract is valued at approximately…
Norwegian energy company Equinor said on Friday it has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf (NCS) and onshore plants in Norway.The frame agreements, which Equinor said are scheduled to be signed shortly…
It’s long been a vision to have underwater vehicles able to support subsea operations without reliance on a surface vessel. We’re closer to this vision than ever before, but what’s new that wasn’t in place before to make this happen?Earlier…
The starting gun on a subsea space race has now officially been fired with the first ever award of a contract that includes services from a subsea resident drone.But, what is less known is that the award, made by Equinor to Saipem for operations on the Njord field…
One of the world's largest oil and gas companies is using advanced technology originally designed for use on Mars to remotely monitor methane emissions from its offshore assets in the North Sea.A pilot project being run by UK supermajor BP,…
Transmark Subsea announced on Tuesday it has acquired fellow Norwegian underwater environment company WiSub.Transmark Subsea manufactures cable systems for distribution of electrical signals, power and fiber optics to the offshore subsea industry…
Norwegian energy company Equinor said it will use the new Hydrone all-electric wireless underwater intervention drone (UID) and remotely operated underwater vehicle (ROV) technology from Italian services firm Saipem at the Njord Field development…
Blue Logic, based near Stavanger in Norway, is not the only firm producing inductive subsea connectors (WiSub, near Bergen is doing similar), but Blue Logic has been heavily involved in building a key piece of the infrastructure that will enable…
The leadership at Danos believes technology will transform the oil industry. To thrive in the midst of that change, Louisiana-based Danos is actively focused on how to use technology to help customers work more efficiently and cost-effectively…
On July 1, Saipem-Sonsub’s Hydrone-R underwater intervention drone was launched in water to start the endurance and qualification tests prior to its commercialization by year’s end.The Hydrone Program is the key workstream of Saipem’s Technology Development Plan within subsea robotics…
Although Norway’s offshore segments took a pounding in share-price value on Monday — with every segment incurring losses — the consensus here is that fundamentals offshore are good, and a combination of general uncertainty and specific contract losses are what rocked investors starting their week…
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