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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 […]
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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 […]
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Israeli energy company Delek Group is closing in on acquiring its first acreage in the UK sector of the North Sea. To remind, the company in July started talks with EnQuest, the operator of the Kraken development in the North Sea, over a possible stake sale. More precisely, Delek and EnQuest in July inked a […]
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Business & Finance, Equipment, Operations & Maintenance
Keppel Offshore & Marine (Keppel O&M)’s wholly-owned subsidiary Keppel Shipyard is said to be on track to deliver a floating production, storage and offloading (FPSO) vessel to Armada Kraken, a wholly owned subsidiary of Bumi Armada. The naming ceremony of the FPSO, Armada Kraken, took place at Keppel Shipyard on Saturday, August 27, 2016. Armada Kraken […]
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Singapore’s Keppel Offshore & Marine is set to deliver a Floating Production Storage and Offloading (FPSO) vessel to Malaysian shipowner Bumi Armada. The naming ceremony of the FPSO, Armada Kraken, was held at Keppel Shipyard on Saturday, August 27, 2016. Armada Kraken is a harsh-environment FPSO unit that is designed for operations in the North […]
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UK-based exploration and production company EnQuest has informed that it is holding discussions with Israel-based Delek Group for the sale of 20% interest in the Kraken development in the UK sector of the North Sea. Kraken is a large heavy oil accumulation located in the East Shetland basin, to the west of the North Viking […]
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Business & Finance, Equipment, Project & Tenders
Kraken Sonar Systems has invoiced a major European defense contractor for over CAD 400,000. Proceeds are expected to be received during Q2 2016. The company was unable to disclose the customer at this time, reportedly, due to competitive reasons. Kraken recently provided an AquaPix Miniature Interferometric Synthetic Aperture Sonar (MINSAS) for integration and sea trials on the customer’s […]
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UK-based oil and gas development and production company EnQuest has said that its Kraken project in the UK North Sea is on track to achieve first oil in the first half of 2017. In its 2015 results statement from March 17, the company said it would continue with cost cutting efforts in 2016. Furthermore, EnQuest said in its annual report […]
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Kraken Sonar has been awarded a USD 465,000 contract by the Woods Hole Oceanographic Institution (WHOI). Kraken has been contracted to deliver a deep-sea rated AquaPix miniature interferometric synthetic aperture sonar, a real time embedded SAS signal processor and related engineering services. Delivery of the system is planned for July 2016. Karl Kenny, Kraken’s President and […]
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EnQuest and Cairn Energy announced on Monday the acquisition of additional interest in the Kraken development project, in the UK North Sea, from First Oil. EnQuest, the operator of the project, acquired 10.5% bringing its total interest to 70.5%, while Cairn, through its subsidiary Nautical Petroleum Limited, acquired 4.5% interest in the project bringing its total interest to 29.5%. EnQuest and Cairn […]
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Cairn’s wholly owned subsidiary, Nautical Petroleum Limited, has acquired additional 4.5% interest in the Kraken development in the UK North Sea from First Oil bringing Cairn’s total working interest to 29.5%. Cairn and EnQuest, the operator of the Kraken development, are both taking up First Oil’s interests pro-rata to their holdings prior to the transaction. EnQuest’s […]
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Business & Finance, Equipment, Research & Development
Kraken Sonar’s wholly-owned subsidiary, Kraken Sonar Systems Inc., will receive a non-refundable financial contribution of up to $495,000 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 the Kraken Active Towed Fish (KATFISH) for […]
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Business & Finance, Equipment, Research & Development
Kraken has released a new solution for seabed mapping called ‘SoundPix’. SoundPix has been designed to work with Autonomous Underwater Vehicles (AUVs), Unmanned Surface Vehicles (USVs) and conventional survey launches. According to the company, the solution integrates Kraken’s real-time Synthetic Aperture Sonar signal processing with the data processing and mapping application, CARIS Onboard developed by […]
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Business & Finance, Equipment
Canadian technology company Kraken has acquired the underwater robotics technology and related intellectual property rights previously owned by Marine Robotics. Terms of the acquisition were not disclosed. Marine Robotics ceased operations following the receivership of its parent, Marport Deep Sea Technologies. During its existence, Marine Robotics invested several million dollars in the development of unmanned technology […]
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Equipment, Project & Tenders
Kraken Sonar has received a $1.5 million contract from an international defence contractor for a KATFISH sonar system. Along with spare parts and support, the initial order could exceed $2 million. The company did not disclose the client’s name. The agreement includes multiple stages, starting with a first phase for the manufacture and supply of […]
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Business & Finance, Project & Tenders
Kraken Sonar has been awarded a contract valued at over US$325,000 by ECA Robotics. Kraken will supply and help integrate its AquaPix Miniature Interferometric Synthetic Aperture Sonar and Embedded Real-Time SAS Signal Processor on ECA Robotics’ (ECA Group) newest A18D Autonomous Underwater Vehicle (AUV). “AquaPix® is a game changer for seabed survey,” said Kraken President […]
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Equipment, Project & Tenders
Kraken Sonar Systems has entered into an agreement with Tritech International Limited for the supply of technology to the subsea industry. Under the terms of the multi-year agreement, Tritech will sell the Kraken-developed Correlation Velocity Log (CVL), AquaTrak, under the Tritech name and branding. “We are very pleased to have signed this agreement with Tritech, […]
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Kraken Sonar announces that Dr. Tom Tureaud and Gina Millar have joined the Company to further develop its sensors-to-systems strategy. Karl Kenny, President and Chief Executive Officer of Kraken, noted, “We view these appointments as a sign of our commitment to being a leading company in our industry. Our new innovations and increasing customer demand […]
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Petrofac, the international oil and gas facilities service provider, has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production, storage and offloading (FPSO), the Armada Kraken bound for the North Sea. These services will be performed by Bumi Armada supported by Plant Asset Management, the asset performance management […]
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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 […]
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Business & Finance, Equipment, Project & Tenders, Research & Development
Kraken Sonar Systems has delivered a deep-sea rated Interferometric Synthetic Aperture Sonar (INSAS) system to Germany’s Fraunhofer Institute for Optronics, System Technology and Image Exploitation (IOSB). Under the terms of the contract, Kraken has designed, engineered and delivered a 6,000m depth rated AquaPix MINSAS sonar system that will be integrated into Fraunhofer IOSB’s DeDAvE program. […]
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Business & Finance, Equipment, Research & Development
Kraken Sonar Systems (Kraken) has been awarded a non-refundable financial contribution of up to $450,000 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 a real-time, ultra high resolution seabed mapping system that is […]
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Business & Finance, Operations & Maintenance, Project & Tenders
Technip has been awarded a large engineering, procurement, installation and construction (EPCI) contract by EnQuest for the Kraken development located in the North Sea, 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland, at a water depth of approximately 120 meters. Technip’s operating center in Aberdeen, United-Kingdom, will execute the contract. A number of […]
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Business & Finance, Project & Tenders
Technip was awarded by EnQuest earlier this year a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development, in the North Sea. Kraken development is located 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland, at a water depth of approximately 120 meters. The contract covers various project management engineering […]
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Business & Finance, Equipment, Project & Tenders
ABB, a power and automation technology group, has won an order from Armada Kraken Pte Ltd, a subsidiary of Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider. ABB will provide power and automation technologies for the floating, production, storage and offloading (FPSO) vessel destined for the Kraken oil field, the biggest subsea oilfield […]
