Subsea
Aberdeen Sees Launch of New Oil & Gas Technology Centre
A new £180-million Oil & Gas Technology Centre has been officially opened in Aberdeen with aim to become the industry’s go to centre in the UK and internationally. In addition, The Oil & Gas Technology Centre, The University of Aberdeen and Robert Gordon University have signed a memorandum of unders
Geoex Bid Gets Thumbs Up
The board of directors of MultiClient Geophysical (MCG) have unanimously decided to recommend that its shareholders accept the voluntary cash offer from Geoex for all outstanding shares in the company. Geoex increased its offer to NOK 1.40 per share, or approximately NOK 130.0 million of total share
Norway Gives Green Light for Ormen Lange Plant Expansion
The Norwegian Petroleum Directorate (NPD) has granted consent for start-up of the expansion of the gas plant at Nyhamna in Møre og Romsdal County. This should allow the Ormen Lange field in the Norwegian Sea to increase production by 25-30 billion standard cubic meters (Sm3) of gas. The upgrade – al
Minesto Looks to Boost Its Tidal Energy Project Off Wales
Swedish marine energy developer Minesto intends to expand the commercial roll-out of its Deep Green technology in Holyhead Deep, North Wales by taking steps to increase the planned installed capacity of its tidal energy array to 80 MW. The company has submitted a scoping report to UK consenting auth
DOF Subsea Secures Work in Atlantic Region
Norwegian provider of subsea services, DOF Subsea has received a Letter of Award (LoA) for one of its subsea vessels in the Atlantic region. The duration of the contract is over a year and will begin in Q1 2017, DOF informed. The value of the contract, awarded by according to DOF an oil major, has n
Interview: JDR Targets US Offshore Renewables
Subsea World News spoke with David Currie, chief executive officer of JDR Cables – the winner of this year’s Subsea UK Global Exports award. JDR is a provider of subsea technologies and services to both the oil and gas and renewable energy sectors. The company specialises in subsea power cables, pro
Forum Trims Loss
Forum Energy Technologies recorded net loss in the fourth quarter of $13 million, or $0.14 per diluted share, compared to net loss of $167 million, or $1.81 per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $18 million, or 20 cents per diluted share. The Houston
FORCE Deploys New Monitoring Platform in Minas Passage
A new underwater monitoring platform has been deployed to capture environmental data from the Bay of Fundy. FAST-3 is the third sensor platform built and deployed by the Fundy Ocean Research Center for Energy (FORCE) in the Minas Passage. “FORCE was created to explore whether in-stream tidal energy
Tui-Samoa Cable Brakes Ground for Onshore Landing Station
Samoa Submarine Cable Company (S.S.C.C.) broke ground for the start-up of construction of landing station for Tui-Samoa subsea cable at Vaivase-Tai. Further to the start-up of construction, the company also informed about partnership agreement with Southern Cross Networks. According to the local med
Atlantis Partners with NEW on Wyre Tidal Project
Atlantis Resources has signed an agreement to partner with Natural Energy Wire (NEW) to develop the Wyre tidal project. The project is planned to be built between Fleetwood and Knott’s End on the Lancashire coast in England. The Wyre project, which has been under development for several years, compr
Saab Seaeye Upgrades Falcon ROV
Saab Seaeye has enhanced its remotely operated vehicle ‘Falcon’ with its advanced iCON behaviour-based intelligent control architecture. Namely, the Falcon can now host many new features, making it an advanced platform for further automation and behaviour-based software development. A new attribute
Polarcus in 4D Shoot Off West Africa
Marine geophysical company Polarcus has been awarded a contract for a 4D marine seismic acquisition project offshore West Africa. According to the company’s Oslo filing, the project will start in the second quarter of 2017 and will run for approximately one month. Polarcus did not disclose the clien
Nautilus Completes Subsea Fleet Acquisition and Name Change
Nautilus Marine Services PLC, formerly Global Energy Development, said on Thursday it has completed transactions to acquire subsea service vessels. To remind, earlier this year, the company conditionally agreed to acquire 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a n
BHP Billiton to Back Mad Dog Extension Project with $2.2 Bln
BHP Billiton said on Thursday it will invest $2.2 billion related to its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. During the fourth quarter of 2016, BP sanctioned the Mad Dog Phase 2 project. Mad Dog Phase 2, located in the Green Canyon area in the Deepwater Gul