Equipment
Saipem converts to Sonardyne’s autonomous monitoring transponder tech
International oil and gas turnkey contractor, Saipem, has extended the capability of its Sonardyne sixth generation (6G) acoustic positioning transponders, adding functionality that makes the equipment now suitable for a wide range of subsea autonomous monitoring tasks. Sonardyne stated on Monday th
UK Subsea Sector Needs Government Support, Industry Body Says
Subsea UK, is leading a delegation of subsea companies across the country’s supply chain to Westminster on June 15th to outline what is required of Government to help the industry in the lower, for longer oil price environment. Subsea UK believes that out of 120,000 job losses in the oil & gas indus
Statoil Ahead of Schedule and Below Budget with Gullfaks Template
The Norwegian Petroleum Directorate (NPD) has granted the licensees in Gullfaks (production licence 050) consent to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing. Rutil is a gas-filled structure on Statoil-operated Gullfaks South, located in the Tampen area i
PwC on North Sea future: ‘The window of opportunity is now’
Fifty-eight percent (58%) of senior oil and gas executives across the UK, Norway, and Holland feel positive about the future of the North Sea basin despite real and present threats, however, window of opportunity to transform North Sea business is slowly closing, PwC audit, assurance, tax and consul
Plexus to Raise $8.5 Mln to Support Firm Through Oil Downturn
Plexus Holdings said it has agreed the terms of a conditional placing to raise £6 million ($8.5 million) before expenses, by way of a placing of 9,230,770 new ordinary shares at a price of 65 pence per ordinary share to new and existing investors. The placing is intended to strengthen Plexus’ balanc
DNV GL’s guideline moves to trash excess subsea paperwork
Offshore and maritime classification society DNV GL has launched a guideline which “trashes unnecessary subsea documentation.” According to DNV GL, customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. The guideline “Technical d
IHC Designs New Inter-Array Cable Layer
IHC has introduced a new inter-array cable-laying vessel designed to facilitate more efficient offshore wind farm installations. The vessel is approximately 106 meters long with breath of 22 meters. According to IHC, the new design should reduce costs for inter-array cable-laying operations by 20 to
DNV GL Helps Trim Subsea Documentation
A two-year cross-industry project led by DNV GL has delivered a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ detail
AVEVA, Scheider back to negotiating table
Aveva, a provider of engineering data and design IT systems for the oil and gas industry, has restarted merger talks with France’s Schneider Electric, specialist in energy management and automation. To remind, the two companies had abandoned merger discussions in December 2015, unable to reach agree
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 06 – June 12). Det norske has awarded a subsea contract for christmas trees to Aker Solutions for Alvheim field, Det norske’s core area of production. In addition, Subsea 7 has been awarded a con
Saipem in Subsea Water Treatment Pact with Total and Veolia
Saipem has signed an agreement to lead the industrialization and commercialization of SPRINGS, a subsea water treatment technology designed for deep water application, developed in collaboration with oil & gas company Total and water treatment specialist company Veolia. SPRINGS (Subsea PRocess and I
Report: Oil Price Slump Hits 120,000 UK Jobs
Jobs supported by the UK’s offshore oil and gas industry will have fallen by the end of 2016 by an estimated 120,000 since their peak in 2014, according to new data published by industry trade body Oil & Gas UK. The analysis, carried out by marketing services company Experian, forecasts that in 2016
Saipem, Total in subsea technology pact
Italian oil and gas industry contractor, Saipem, and French oil major, Total, have signed a co-ownership and exclusive commercialization agreement for SPRINGS, a subsea deepwater treatment technology. Saipem said on Friday that the agreement will see the industrialization and commercialization of th
Subcon Nets Black Sea and Woodside Contracts
Subcon Europe has been awarded a contract for the supply of over 1000 CoastMatts to an undisclosed client in the Black Sea. The mattresses are to be used for scour protection. According to the company, the project is well underway, being 30% complete with production rates of 18 mattresses per day be