Cairn Energy on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owened by EnQuest, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago. Cairn, which owns 30% of Kraken…
Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador,…
On the surface, in-well surveillance and monitoring seems like an obvious and beneficial thing to do. Learning about what’s happening in wells can mean operators can make them produce more, change injection or gas-lift, methodologies, unlock shut-in wells…
Ocean Infinity's Kongsberg Hugin autonomous underwater vehicles (AUV) have achieved significant endurance milestones during testing thanks to new pressure tolerant batteries from Kraken Robotics. The vehicles performed several missions to greater than 5…
Offshore vessel provider Esvagt has been awarded a new contract with the United Kingdom-based petroleum exploration and production company EnQuest for the provision of emergency response and rescue vessels (ERRV).According to the provider of safety and support at sea…
Starting in late September, Kraken Robotic Systems will deploy its sensors and unmanned underwater platforms to conduct ultra-high definition seabed imaging and mapping on the Grand Banks of Newfoundland and other areas of Atlantic Canada, as…
PT. Dalaz Teknik Utama used a 12t capacity Radiolink plus Straightpoint (SP) load cell and a Crosby shackle of the same capacity to complete a series of tests during fabrication of a power generator module at a Wasco Energy fabrication yard in Indonesia…
Kraken Robotics' OceanVision marine technology development project will move forward with conditional approval – and millions in funding – from Canada's Ocean Supercluster.The three-year, $20 million project is being spearheaded by Kraken subsidiary…
Kraken Robotics Inc. subsidiary, Kraken Robotic Systems Inc. said it has established a new facility in Dartmouth, Nova Scotia to field test and support its range of underwater robotic platforms and technologies.The new 4,000-square-foot Unmanned…
Europe’s offshore wind market is growing faster than anyone expected – not least in terms of the components being installed. Could this mean a challenge for the existing installation fleet?While offshore wind is seen by many as a maturing market in Europe…
British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.The Kraken oil and gas field in the British North Sea is EnQuest's largest producing asset…
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…
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.…
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…
North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in full-year profits on the back of increased production.Chief Executive Amjad Bseisu said, 'We are committed to further reducing our debt…
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