Equipment
Kongsberg sells Subsea Products business to NOV
Norway’s Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of Subsea Products. Kongsberg said that the sale includes Thor tie-in, weaklink, pipeline structures , adjustable pipeline supports, GRP protection covers, h
L&T confirms $1.6B Saudi Aramco contract
Following reports on Wednesday of Saudi Aramco awarding contracts for it Fadhili development in Saudi Arabia, a confirmation came from India’s Larsen & Toubro (L&T). L&T said that its subsidiary L&T Hydrocarbon Engineering (LTHE), in consortium with Emas Chiyoda Subsea (ECS) has won a large EPCI con
2H Offshore Gets New Managing Director
2H Offshore, an Acteon company, has appointed Yann Helle as managing director. Helle replaces Tim Eyles, who is moving to the role of vice president with parent company Acteon. Helle, who previously held the position of technical manager, will have responsibility for the leadership and development o
FMC Technologies Sees Profits Plunge
FMC Technologies, has recorded a sharp profit drop in the second quarter 2016 as the weak market drove its revenue down, especially in the surface technologies division. The Houston-based subsea specialist generated net income of $2.2 million, or $0.01 per diluted share, on revenue of $1.2 billion,
Report: L&T in Saudi Aramco offshore deal
India’s Larsen & Toubro has reportedly received a contract for work on Saudi Aramco’s Fadhili development in Saudi Arabia. The news, however, is yet to be officially confirmed, as it appeared on CNBC TV channel, where it’s been reported that L&T signed a dealwith Saudi Aramco to build offshore gas u
CenturyLink Utilizes Aqua Comms’ AEConnect Subsea Link
CenturyLink has activated two 100 Gigabit waves of high capacity connectivity between New York and London on Aqua Comms’ America-Europe Connect (AEConnect) subsea cable system. The provisioning of secure and reliable capacity on the next-generation subsea fibre optic network will support CenturyLink
Halliburton Takes $3.2 Billion Loss in Q2
Oilfield services major Halliburton has seen red in the second quarter, ended June 30, 2016, as it recognized $3.5-million termination fee following a failed merger agreement with Baker Hughes and saw its revenue decline by some 35 percent. The company booked quarterly net loss of $3.2 billion ($3.7
First Subsea Bend Stiffener Connector for Gina Krog FSO
First Subsea, has supplied a relatchable bend stiffener connector (BSC) to NOV Completion & Production Solutions for a flexible production riser for Statoil’s Gina Krog, turret moored, floating storage and offloading (FSO) vessel in the Norwegian sector of the North Sea. The Type II BSC comprises a
ExxonMobil Joins Viper JIP to Develop V-IR
Subsea engineering company Viper Subsea informed that ExxonMobil has joined the joint industry project (JIP) to develop the company’s V-IR system. ExxonMobil has joined the V-IR project, which has been established through the Industry Technology Facilitator (ITF), at a crucial phase of development a
Tides to power subsea generators for oil and gas sector
East Coast Oil and Gas Engineering (EC-OG) has secured over £1 million from Castle View Ventures and the Scottish Investment Bank for the development of subsea generation system powered by ocean currents. EC-OG is developing a power generation system known as the Subsea Power Hub (SPH) which provide
AgileTek to Assist Hydro Group on Wave Energy Project
London-based engineering consultancy, AgileTek, has been awarded a contract to support Hydro Group on an undisclosed wave energy project. The work will see AgileTek assist the umbilical manufacturer with design and engineering of accessories for the cable connected to a wave energy conversion device
VIDEO: Keeping Hamburg Port Dredged and Maintained
Hamburg Port Authority has just released this amazing dredging video named “Keep the Port on Depth” – XXL dredging ship in use. The video will give you an invaluable insight into the role of Jan De Nul’s trailing suction hopper dredger “Bartolomeu Dias” in keeping the Port of Hamburg regularly dredg
Sonardyne Supports Magseis in Red Sea Survey
Norwegian seabed seismic services company, Magseis, has selected acoustic positioning equipment from Sonardyne for its upcoming ocean bottom seismic campaign in the Red Sea. Starting July, and working in partnership with BGP on behalf of Saudi Aramco, the S78 project is expected to last nine months
Aleron Subsea: New ROV System Presented
Aleron Subsea, a UK based company specializing in ROV upgrades and renting work class remote operated vehicles, has introduced a multi-purpose ROV system to be used for boulder clearance operations in wind farm developments in the Baltic Sea. The AUXROV has a combined 200 HP of power and is capable