Equipment
Ecosse Subsea Systems, Osbit to Develop New Seabed Trenching Solution
Ecosse Subsea Systems (ESS) said it will invest up to £3 million in developing a water-jetting tool which, reportedly, has the potential to double trench production rates in seabed trenching operations. ESS has awarded a contract to Osbit. The Northumberland-based company will be the lead detail des
Private equity firm allocates $200M for North Sea investments
Energy Ventures, an independent private equity firm, has allocated $200 million “to help boost North Sea businesses during challenging times for the oil and gas industry.” According to a statement on Thursday, the organization is aiming to invest into firms in need of finance, be it for stabilizatio
Chevron, Trelleborg Develop New Buckling Mitigation Buoyancy
Chevron has awarded Trelleborg a license agreement to develop buckling mitigation buoyancy technology, including the design and qualification of the new product. In certain offshore conditions, lateral movement of traditional fixed buoyancy modules can cause soil compaction, increased lateral soil r
Newly Established M² Subsea Acquires ROV Fleet
A recently formed subsea services business, M² Subsea Limited, has secured a substantial injection of private equity investment to acquire a fleet of 32 remotely operated vehicles (ROVs). Aberdeen and Houston based company has attracted the investment from a fund advised by Alchemy Special Opportuni
Aquamec Launches New Watermaster Dredger – Classic V
The Finnish company Aquamec Ltd. has launched its new Watermaster dredger – Classic V, with 50% more suction dredging capacity compared to the Classic IV model. Aquamec’s research and development work has also generated the Watermaster Urban dredging concept and new features for hard soil dredging.
IKM to work on Wintershall’s wells off Norway
Wintershall Norge has awarded a contract to IKM Cleandrill, a specialist mud recovery subsidiary of the IKM Group, for the provision of mud recovery services on multiple wells offshore Norway. IKM said that the contract would cover potential development drilling campaigns on the Maria field, as well
Seabed Geosolutions to Deliver Manta Seabed System
Seabed Geosolutions has announced the availability of its four-component (4-C) Manta ocean bottom node crew in early Q2 2017. Manta was developed in co-operation with Fugro and combines technologies to provide a cost-effective alternative to high-end streamer data acquisition. The system leverages p
GE Oil & Gas Joins Forces with Baker Hughes
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hug
FMC Technologies Orders SolidCitric Products from Jupa
Jupa, a Norway based company, has been awarded a contract to supply FMC Technologies with SolidCitric products for use on the new CAT-D rig Songa Encourage. Jupa will supply SolidCitric cartridges and associated adapter tooling, and the products will be used for acid cleaning of equipment installed
LiDAR Data Applied for 3D Printing of Subsea Well Part
Fugro and 3D at Depth, a provider of subsea LiDAR systems and solutions, have used subsea LiDAR data to 3D-print an accurate 1:1 physical model of a damaged well part. The subsea part fabrication was part of a larger project conducted in early 2016, using 3D at Depth’s subsea LiDAR SL 2 technology a
Assembling the EIK Amphibious Excavator in Turkey
EIK Engineering has successfully delivered an EIK CAT323D2L amphibious excavator to a customer in Turkey. The excavator, delivered and assembled last month, will be used by the government to carry out maintenance of the river beds, swamps, lakes, ponds and reservoirs. EIK salesperson and service tea
Lighthouse to Distribute Sound Metrics Sonars
Lighthouse has recently signed an agreement with the American company Sound Metrics for the exclusive distribution in Italy of their line of ARIS Sonars. Based in Bellevue, Washington, from 2002 Sound Metrics designs and manufactures imaging sonars that can be deployed from vessels, ROVs and AUVs. A
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 17 – October 23). Saab Seaeye manufactures electric powered remotely operated vehicle (ROV) systems for a wide range of professional applications. The range currently extends from the portable
Royal IHC Wins Important ‘Green’ Award
Royal IHC has been awarded the 2016 International Green Shipping Award for ‘The Most Sustainable Shipping Solution of the Year’. The ceremony took place during the International Green Shipping Summit in Rotterdam, the Netherlands, on 17-18 October 2016. The prize recognizes IHC’s efforts to limit th