Offshore Technology News

 

Aker Solutions Raises 2019 Forecasts

Apr 30, 2019

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 Profits from Foreign Focus

Apr 30, 2019

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…

Pacific Drilling Goes Digital with Oceaneering

Apr 29, 2019

An industry-first partnership aims to enable better, more reliable connectivity on board offshore drilling rigs, marking a key step for the implementation of new and expanded digital services.Oceaneering International and Pacific Drilling announced…

Transport & Installation: Fleet Renewal

Apr 29, 2019

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…

Pumping Tech a Piece of the Subsea Factory Puzzle

Apr 26, 2019

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…

Subsea Monitoring Equipment Put to the Test

Apr 25, 2019

Equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth has been put to the test in Aberdeen.The linear actuators that underwent hydrostatic testing at the Balmoral Subsea Test Center…

Three IMR Trends

Apr 24, 2019

For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…

Magnetic Drive Tech Overcomes Issues with ESPs

Apr 24, 2019

Upwing Energy, a technology firm in California, has developed a Magnetic Drive System (MDS) that aims to transform the century-old topology for electric submersible pumps (ESP).Upwing Energy is a spinoff of Calentix Technologies, a company in…

Drilling Rig Runs Thrusters from Batteries

Apr 23, 2019

Energy Storage Systems (ESS) that transfer power to the thrusters of Transocean’s Spitsbergen drilling vessel have been successfully installed and tested, marking the first time thrusters have been run directly from batteries on a drilling vessel…

Teledyne Introduces New ADCP

Apr 23, 2019

Building upon the 20-year success of its Long Ranger Acoustic Doppler Current Profiler (ADCP), Teledyne RD Instruments (TRDI) announces the launch of its next-generation long-range ADCP, the Pinnacle 45.Rated to a depth of 2,000 meters, the 45 kiloHertz phased array Pinnacle ADCP delivers a 1…

Google Translate for Oil Wells

Apr 22, 2019

A startup is looking to harness the world of artificial intelligence to help oil companies do more with the data, as well as the oil, they get from their wells.Big data is often billed as having the potential to offer the oil and gas industry huge benefits in improved efficiency and production…

Schlumberger Quarterly Profit Slides

Apr 18, 2019

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending.Schlumberger said net income fell to $421 million…

Talakar Named CEO of Siemens Oil & Gas

Apr 18, 2019

Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston.Talakar brings to this position extensive leadership experience. Prior to taking this new role, he was responsible for Siemens Saudi Arabia…

Electronic Bus Link Installed on North Sea Giant

Apr 15, 2019

An Electronic Bus Link (EBL) has been commissioned on North Sea Shipping's subsea construction vessel North Sea Giant, said manufacturer from Yaskawa Environmental Energy / The Switch.The technology, a key element in a retrofitted Wärtsilä hybrid solution…

New Subsea Wireless IP Camera Technology

Apr 15, 2019

Next generation subsea technology deployed for the first time in the North Sea has helped to improve safety and reduce costcfor an offshore oil and gas project, said Scotland based WFS Technologies.The firms's new cutting-edge computing and…

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