Search results for: kraken

297 results

A list of search results

  • 25 May 2017

    EnQuest has informed that its Kraken field in the UK North Sea is expected to start producing oil by the end of June. The Kraken field, to be developed using the Armada Kraken FPSO, is a large heavy oil accumulation located in the East Shetland basin, to the west of the North Viking Graben some […]

  • 19 May 2017
    Business & Finance

    Kraken Sonar has acquired a minority interest in Enitech Subsea GmbH of Rostock, Germany, and the company has been renamed to Kraken Power GmbH. Under the agreement, Kraken has taken a 19.9% equity interest and provided a €110,000 convertible loan. The loan pays interest at 5% per annum and has a term of three years. Through […]

  • 19 May 2017
    Business & Finance

    Kraken Sonar informed that Neil Riggs has joined the company as senior project manager. Neil graduated from Memorial University of Newfoundland with a BSc degree, major in physics and a BEng (Mechanical). He most recently spent 5 years with the Autonomous Ocean Systems Laboratory (AOSL) of Memorial University where he was the project manager of a […]

  • 15 May 2017
    Equipment

    Kraken Sonar has secured a non-refundable financial contribution of $745,950 by the Research & Development Corporation (RDC) of Newfoundland and Labrador. The funding will support development of Kraken’s ThunderFish autonomous underwater vehicle (AUV) program. The ThunderFish program will combine smart sonar, laser and optical sensors, advanced pressure tolerant battery and thruster technologies and cutting edge […]

  • 6 April 2017
    Business & Finance, Equipment, Project & Tenders

    Kraken’s German subsidiary, Kraken Robotik, has been awarded a contract to design and build a 6,000-meter rated 3D laser/optical imaging system for the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) in Bremerhaven.  The 3D smart camera system will be based on Kraken’s recently announced SeaVision technology, but custom engineered and adapted to […]

  • 29 March 2017
    Equipment

    Kraken Sonar’s subsidiary, Kraken Robotik GmbH, plans to introduce its new SeaVision 3D laser system at the Ocean Business conference in UK. SeaVision is an RGB underwater laser imaging system that offers the resolution, range and scan rate to deliver dense full colour 3D point cloud images of subsea infrastructure. The initial system is designed […]

  • 22 March 2017
    Business & Finance, Equipment, Research & Development

    Kraken Sonar Systems said it will receive a non-refundable financial contribution of up to $1.47 million from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). In addition to technical and business advisory services provided by NRC-IRAP, the funding is being used to support the development of Kraken’s underwater robotics program, which involves development […]

  • 17 March 2017
    Equipment, Project & Tenders

    Kraken Sonar has signed a licensing agreement for underwater robotics technology with Germany’s Fraunhofer Institute for Optronics, System Technologies and Image Exploitation (IOSB). Fraunhofer has developed the Dedave autonomous underwater vehicle (AUV) which is an integral part of the agreement. Kraken will exclusively license the Dedave software and hardware IP and technology for large AUVs […]

  • 17 February 2017

    Kraken floating production storage and offloading (FPSO) vessel has arrived at its field location in the UK North Sea on Monday, February 13. The hook up of the submerged turret production (STP) buoy mooring system to the FPSO was completed on February 15, and a full rotation test performed so that the vessel is now on […]

  • 17 February 2017
    Infrastructure, Project & Tenders

    Delivery of first oil in Q2 2017 is on track, EnQuest said in an operational update on Friday.

  • 1 February 2017

    Video Courtesy: Texas Parks and Wildlife The US Texas Parks and Wildlife Department’s Artificial Reef Program sank a 371-foot cargo vessel, named the Kraken, on January 20, 2017. The ship was sunk 67 miles off the coast of Galveston to create a new artificial reef. Over time, this sunken ship will become an artificial reef […]

  • 25 January 2017
    Project & Tenders

    EnQuest, a UK North Sea oil firm, has confirmed that the Kraken field FPSO has arrived in the North Sea and that the project remained under budget. The Kraken, to be developed using the Armada Kraken FPSO, is a large heavy oil accumulation located in the East Shetland basin, to the west of the North […]

  • 19 January 2017
    Business & Finance, Infrastructure

    UK’s offshore crane services specialist Sparrows Group has secured a contract for the provision of crane management services at the Kraken Field in the UK North Sea.  Sparrows said that the three-year contract is for the provision of support during the pre-operations and operations phase aboard the floating, production, storage and offloading (FPSO) vessel being deployed […]

  • 17 January 2017
    Infrastructure, Project & Tenders

    FPSO unit Armada Kraken, meant for the Kraken field development in the UK North Sea, is currently undergoing inspection and certification in Rotterdam prior to its deployment to the field.  The Kraken field is operated by EnQuest with 70.5% working interest with Cairn as its partner with 29.5% working interest. The field is a large heavy oil accumulation […]

  • 9 December 2016
    Business & Finance, Equipment

    Kraken Sonar Inc. informed that effective January 1, 2017, its new German subsidiary, Kraken Robotik GmbH (KRG) will start operations at the Bremen Innovation and Technology Centre (BITZ). In addition to customer support, KRG will focus on the development of 3D imaging sensors, machine learning and artificial intelligence (AI) algorithms for underwater robotic platforms. Machine […]

  • 5 December 2016
    Business & Finance

    Kraken Sonar has appointed Jeff Bartkowski as director of business development, effective December 05, 2016. Jeff has sales and business development experience with both commercial and defense customers and has worked at companies such as Teledyne-Reson, iXBlue and Sea Machine Robotics. He is a graduate of New York’s Rensselaer Polytechnic Institute. Karl Kenny, president and […]

  • 5 December 2016
    Business & Finance, Equipment, Research & Development

    Kraken Sonar Systems said it will receive a non-refundable financial contribution of up to $485,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). In addition to technical and business advisory services provided by NRC-IRAP, the funding is being used to develop autonomous launch and recovery systems (A-LARS) for unmanned maritime vehicles. […]

  • 28 November 2016
    Infrastructure, Project & Tenders

    Malaysia’s FPSO provider Bumi Armada has shared a photo of the floating, production, storage and offloading (FPSO) unit meant for the Kraken field development beginning its journey from Singapore to its North Sea location. The caption is convenient: “Release the Kraken!” According to Bumi Armada, the harsh-environment Armada Kraken FPSO began its journey towards the EnQuest-operated […]

  • 21 November 2016
    Business & Finance

    UK exploration & production company EnQuest has completed its financial restructuring, announced back in October, designed to help the company deliver first oil from the North Sea’s Kraken development in the first half of 2017. The company concluded the final stage in the restructuring process on Monday, November 21. The restructuring comprises the implementation of the RCF Amendments, the […]

  • 21 November 2016
    Infrastructure, Project & Tenders

    EnQuest, a UK-based E&P company, has informed that the FPSO unit meant for the Kraken field development will sail away from Singapore to its North Sea location ‘in the coming days’. The harsh-environment floating, production, storage and offloading (FPSO) vessel Armada Kraken, named in August 2016, will be deployed to produce the heavy oil found […]

  • 31 October 2016
    Business & Finance, Operations & Maintenance

    The floating, production, storage and offloading (FPSO) vessel for the Kraken development has completed its shore-based commissioning activities at the quayside in Singapore and has also completed the vessel’s inclination testing programme. The FPSO, named Armada Kraken, has left the yard and is now sailing to deep water anchorage, to undertake commissioning work on the […]

  • 31 October 2016
    Infrastructure, Project & Tenders

    Oil and gas company EnQuest has reported that the Floating, Production, Storage and Offloading (FPSO) vessel for the Kraken development has left Keppel Offshore & Marine’s shipyard in Singapore heading to deepwater anchorage.  According to an update from EnQuest on Monday, the vessel, named Armada Kraken FPSO, has completed its shore-based commissioning activities at the […]

  • 14 October 2016
    Business & Finance, Equipment

    Kraken Sonar has added Larry Puddister to the company’s board of directors. Puddister is co- chairman of Pennecon Limited, and also a majority shareholder and CEO of Newcrete. Karl Kenny, Kraken’s president and CEO, said: “We are delighted to welcome Larry to the Kraken Board of Directors. His extensive experience, keen instincts, and global industry connections should prove to […]

  • 13 October 2016

    EnQuest, an oil company working to develop the Kraken oilfield in the UK North Sea, has managed to further cut the project costs. It has also reached a deal with creditors over debt restructuring. The company has already reduced the Kraken costs estimates several times. In a statement on Thursday, EnQuest said that in October 2016, […]

  • 15 September 2016
    Infrastructure

    A Malaysian news website has issued a report claiming that that FPSO provider Bumi Armada is still in talks with the UK oil company EnQuest regarding a $65 million refund and liquidation damages claim by EnQuest due to a delay in delivery of the Armada Kraken FPSO. The Malaysian company, however, has rejected the claims of ongoing discussions […]