Offshore Subsea News

 

Aker Solutions Revenues Up 8%

Feb 08, 2019

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion…

Does Subsea Need More Consolidation?

Feb 06, 2019

Following “big consolidation activity” within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy…

TechnipFMC Wins EPCI Contract for Mero 1

Feb 06, 2019

TechnipFMC has been awarded by Petrobras, on behalf of the Libra Consortium, comprised of Petrobras, Shell, Total, CNOOC Limited, CNPC and Pré-Sal Petróleo (PPSA), an engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field…

Ocean Installer Bags West Africa Job

Feb 05, 2019

Norwegian subsea contractor Ocean Installer  has been awarded a contract by an unnamed American client, covering the transportation and installation of subsea products for a project offshore West Africa.The subsea infrastructure consists of a network of drill centers…

Teledyne Gavia Unveils 6000m Rated AUV

Feb 05, 2019

Teledyne Gavia announced Tueasday that it will formally introduce its new 6,000 meter rated autonomous underwater vehicle (AUV) in April.The newly designed SeaRaptor AUV is slated to make its official debut at the Ocean Business trade exhibition in the U…

Enpro Testing New FIS Technology

Feb 05, 2019

Aberdeen-based production optimization specialist Enpro Subsea announced that the £1.5 million investment project in its Flow Intervention Services (FIS) technology, which included a £755,000 research and development grant from Scottish Enterprise…

ROVOP Names Wilson Head of Technology

Feb 05, 2019

Lee Wilson has joined remotely operated underwater vehicle (ROV) services provider ROVOP as Head of Technology.In the newly created role, Wilson will lead ROVOP's technology development in line with key client drivers such as cost optimization…

JFO, First Subsea Team for Decommissioning

Feb 04, 2019

Subsea project delivery firms James Fisher Offshore (JFO) and specialist in offshore heavy lift market First Subsea have joined forces to launch a revolutionary cut and lift product that promises to streamline decommissioning projects worldwide…

Shell's Crux Project Open to Public Comment

Feb 04, 2019

Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has released the Crux Offshore Project Proposal for public comment. The proposal was submitted by Shell Australia Pty Ltd and is open for comment for a period of six weeks ending 18 March 2019…

CWind Digitizes with CrewSmart

Feb 04, 2019

CWind, part of the Global Marine Group (GMG), a provider of topside, splash zone and subsea engineering services to the offshore renewables and utilities market, it has implemented CrewSmart’s management support service across its fleet of 21…

i-Tech Services Expands in Houston

Feb 04, 2019

i-Tech Services, a Subsea 7 company, said it has taken on 13 new people in Houston following a 12-month period which saw the office secure a series of new contract awards in the Gulf of Mexico. The expansion grows the regional team by 25%.Recent…

A Structural Shift for the Subsea Supply Chain

Feb 04, 2019

Late cycle contractors may have changed the subsea sector for good and as lead times shorten, schedule optimization is an increasingly vital consideration for offshore project developments.In prior generations, a subsea original equipment manufacturer’s…

Okeanus Offers FlexSEA Modular Flotation System

Feb 03, 2019

The provider of oceanographic and subsea tools Okeanus Science & Technology and Continental Shelf Associates Inc (CSA) announced an exclusive rental and sales distribution agreement for CSA’s patented FlexSEA Modular Flotation System.The FlexSEA…

OPT and Saab Seaeye Partner

Feb 01, 2019

Ocean energy solutions provider Ocean Power Technologies, Inc. electric underwater robotic systems manufacturer Saab Seaeye Ltd, have entered a nonexclusive agreement to jointly develop and market solutions for autonomous underwater vehicle…

Oil Spill Calculator Predicts Oil Movements

Feb 01, 2019

The Deepwater Horizon oil spill changed a lot of the thinking about subsea blowouts, including how to predict the movement of the oil and gas.“One thing that was clear early on during the Deepwater Horizon was that dissolution of oil into water was a major process…

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