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…
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…
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…
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…
EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field.The company said on Wednesday it expected to produce between 63…
As the global fleet of offshore renewables fleet increases, ways to reduce the cost and increase the efficiency and safety of operations and maintenance work, using robotics and autonomous systems, will also grow. Elaine Maslin reports.Robotics…
EnQuest says its Kraken field is on track to reach 50,000 bo/d gross in the first half of 2018 after achieving month on month production growth since coming on stream June this year. Armada Kraken FPSO Early this month…
UK operators have gone a long way to reducing their costs and are even starting to look at investment, delegates attending the Oil & Gas UK Share Fair in Aberdeen early November learned. Elaine Maslin reports (First published in the December 2017 OE…
Avitas Systems, a GE Venture, announced today (26 October) that it has formed a strategic partnership with Kraken Robotics to integrate autonomous underwater vehicles (AUVs), acoustic and laser sensor technology, and artificial intelligence…
Last month (October 2017), Chevron approved plans for a commercial polymer EOR project on its UK North Sea Captain heavy oil field. Elaine Maslin looks at the broader prospects for EOR projects on the UKCS. For many fields on the UK Continental Shelf (UKCS) the clock is ticking…
Oceaneering International has taken delivery of an 800-tonne SWL (safe working load) reel drive system (RDS) from northeast Scotland-based Maritime Developments (MDL). The modular system will be used to deploy and retrieve subsea umbilical…
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