295 results
A list of search results
-
Seajacks Kraken, a self-propelled jack-up vessel owned and operated by Seajacks, has been contracted by NAM (Nederlandse Aardoliemaatschappij BV) and Shell UK Limited to work on one of the largest well repair and maintenance campaigns in the Southern North Sea. The program is scheduled to last for two years. Seajacks Kraken was mobilized for the […]
-
Bumi Armada Berhad’s subsidiary, Armada Kraken Pte. Ltd., has today secured a syndicated bridge loan facility of USD750 million. The lenders of the Facility are Oversea-Chinese Banking Corporation Limited, Maybank International Labuan Branch, Sumitomo Mitsui Banking Corporation, Singapore Branch, United Overseas Bank Limited, Export-Import Bank of Malaysia Berhad and Korea Development Bank, Singapore Branch. The Facility […]
-
The naming ceremony for the Floating Production Storage and Offloading (FPSO) vessel Armada Kraken was held at Singapore-based Keppel Shipyard on August 27. According to the shipbuilder, the harsh-environment FPSO vessel is on track for delivery to Armada Kraken, a subsidiary of Malaysia-based international offshore oilfield services provider Bumi Armada. The FPSO is designed for operations in the North Sea under a stringent […]
-
EnQuest has informed that that first oil from its Kraken North Sea field was produced on June 23, 2017. Kraken is a large heavy oil accumulation in the UK North Sea, located in the East Shetland basin, to the west of the North Viking Graben, approximately 125 km east of the Shetland Islands. The field contains c.128 […]
-
Infrastructure, Project & Tenders
Delivery of first oil in Q2 2017 is on track, EnQuest said in an operational update on Friday.
-
Business & Finance, Equipment
Newfoundland-based marine technology company Kraken Robotics said it has generated revenues for the three months ended September 30, 2017 of $1.6 million, compared to $0.9 million same time last year. Revenues during the quarter related to delivery of the company’s AquaPix MINSAS sensor product to two European defense customers, first revenues from its Robotics-as-a-Service offering […]
-
Business & Finance, Operations & Maintenance
EnQuest and Delek have not been able to reach an agreement with regard to the potential sale of an interest in the Kraken development. In July this year, EnQuest entered into discussions with Delek for the sale of an interest in the Kraken development to one of Delek’s subsidiaries. The two companies signed a non-binding […]
-
Business & Finance, Equipment, Research & Development
Kraken Robotics’ German subsidiary, Kraken Robotik GmbH, has been accepted into the NVIDIA Inception program, a global initiative to support companies that are driving new breakthroughs in artificial intelligence and data science. Every Inception program member receives a custom set of ongoing benefits, ranging from hardware grants and marketing support to training with deep learning […]
-
Business & Finance, Equipment, Research & Development
Kraken Robotics is developing an ultra-wideband acoustic remote sensing system for seafloor imaging and mapping. The AquaPix Multispectral Synthetic Aperture Sonar (SAS) will be the world’s first commercial SAS to operate over such a wide spectrum, ranging from low audible frequencies to high ultrasonic frequencies. According to Kraken, there are three notable benefits of this […]
-
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, […]
-
UK oil and gas company EnQuest has downgraded its full year oil production forecast amid topside commissioning delays with the Armada Kraken FPSO in the Kraken field, offshore the UK. The Kraken is a large heavy oil accumulation in the UK North Sea, located in the East Shetland basin, to the west of the North […]
-
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 […]
-
Israeli energy firm Delek Group will not be taking a share in the UK North Sea Kraken development after the negotiations with EnQuest fell through. To remind, On July 18, EnQuest announced that it was in discussions with Delek with regard to the potential sale to Delek of an interest in the Kraken development. However, the […]
-
Business & Finance, Equipment, Operations & Maintenance, Research & Development
Ocean Infinity, in partnership with Kraken Robotics, has reached what it calls a significant milestone in battery technology for autonomous underwater vehicles (AUVs). The new technology has now been tested following 18 months of research, development and trials, which was aimed at improving the safety, efficiency, and quality of AUV operations. Ocean Infinity’s new 6000m […]
-
EnQuest PLC (‘EnQuest’) today announces that it has agreed with First Oil plc (‘First Oil’) the proposed acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’), bringing EnQuest’s total interest in Kraken to 60%. Today’s agreement is subject to the normal regulatory and partner consents and is […]
-
Kraken Robotics has been confirmed by the Royal Danish Navy as a supplier of the sonar systems, following the completion of a complaint process. Kraken was originally chosen as the successful bidder on a program for the acquisition of new sonar systems for the navy in October 2019. The delay since then was the result […]
-
EnQuest PLC (‘EnQuest’) today announces that it has completed the acquisition of two companies from Canamens Limited, whose assets include the 20% interest in the Kraken offshore oil discovery. This agreement was announced on 9 January 2012 under which EnQuest would pay an initial consideration of US$45 million dollars in cash and a further US$45 […]
-
Business & Finance, Equipment, Operations & Maintenance, Research & Development
Kraken Robotics has completed a series of successful sea tests of its KATFISH towed Synthetic Aperture Sonar system with Elbit Systems. Elbit Systems has developed an unmanned surface vehicle (USV) named “Seagull”. Seagull is a multi-mission USV platform – including anti-submarine warfare and mine countermeasures. These tests are an addition to a successful series of […]
-
Equipment, Project & Tenders
Kraken Sonar Systems Inc. has received an order for its AquaPix® Synthetic Aperture Sonar system from international defence contractor. Over the past 60 days Kraken has received orders exceeding $1.2 million with deliveries expected in the current financial quarter, the company informed. “AquaPix® is a game changer for seabed mapping,” said Kraken President and Chief […]
-
Business & Finance, Operations & Maintenance
EnQuest has confirmed that first oil from the Kraken development was delivered on June 23, 2017. During the initial ramp-up period, the 13 wells that have been drilled and completed to date, comprising 7 producers and 6 injectors, are being brought online in a phased manner, to maximise long term productivity and value. EnQuest CEO, […]
-
Infrastructure, Project & Tenders
The EnQuest-operated Kraken development in the UK North Sea has been producing “above expectations” with production reaching 40,000 bopd in November.
-
EnQuest, an independent oil and gas development and production company, releases its first half of 2013 results. Production in H1 2013 was 21,455 Boepd, up 5.9% on H1 2012. Development drilling at the core hub assets delivered good results in H1 2013, this has continued into H2 2013 with a new well on the Thistle […]
