Sonardyne announced Tuesday it has received an order from Oceaneering International to provide hybrid navigation systems for its subsea resident vehicles Freedom and E-ROV. The two resident vehicle systems are to be fitted with Sonardyne’s SPRINT-Nav an all-in-one navigational instrument…
New seals from Trelleborg have been developed for high pressure sealing environments, such as those found in oil and gas downhole tool applications.“Offshore oil and gas fields are moving into deeper waters. That means applications are becoming increasingly challenging…
Customer pressure for 20,000 psi-capable equipment has persisted for over a decade, yet no industry standards have been firmed up. This hasn’t stopped orders for such equipment, although some were later cancelled.Baker Hughes, a GE company,…
Subsea 7 posted first-quarter core profits below expectations on Thursday while adding that the offshore oilfield service provider's full-year revenue is no longer expected to decline.'We are now guiding for 2019 Group revenue to be broadly in line with 2018…
Connectors manufacturer SubConn has grown its production capacity in the US, with first connectors expected to come out of its new facility by October 2019.The company has invested in a 2,300-square-meter new location that combined with its existing 2…
Deepwater mooring rope manufacturer Lankhorst Offshore announced Wednesday it has been awarded a contract by TechnipFMC to supply the mooring lines for the Energean Power floating production, storage and offloading unit (FPSO) for the Karish and Tanin gas fields…
Looking at the global subsea picture, what trends do you see, and how does Proserv plan to capitalize on potential areas of opportunity?In my opinion, we are now past the stabilization phase in the subsea sector, which has taken us through the last 18 months…
Interventek Subsea Engineering said it is developing a control system for a new subsea in-riser landing string that is designed to reduce size, weight, complexity and cost.The development of the new control system has gained support by the way…
Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday.The upbeat sentiment on oilfield spending…
Baker Hughes reported negative free cash flow for the first quarter at a time energy investors have been pushing companies to aggressively shore up capital for dividends and buybacks, sending its shares down as much as 8.5 percent.Oilfield service companies…
Royal Boskalis Westminster N.V. (Boskalis) said it has been awarded a €100 million ($111.6 million) contract from Ørsted to install three export cable circuits for the Hornsea 2 offshore wind farm.The wind farm will consist of up to 165 turbines with a maximum capacity of 1…
It’s been a tough market for heavy lift vessel operators – but that’s not stopping them renewing and reinventing their fleets.The offshore installation market has been tough, especially for those with installation vessels – resource and cash intensive assets…
Singapore-based rig builder Keppel FELS announced Friday it has delivered a new jackup rig to EnscoRowan. The US based driller, the product of a recent merger between Ensco and Rowan, has a contract to deploy the rig in the UK North Sea.The…
It’s been long thought the “subsea factory” could reduce capex costs, but many topsides pieces of equipment must first be marinized to make that vision a reality. Oceaneering’s Subsea Pumping Technology (SPT), which recently won OTC's Spotlight on New Technology Award…
Ashtead Technology announced Wednesday it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions.According to Ashtead Technology, the combined business will offer clients in the Gulf of Mexico region a more robust and enhanced offering…
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