Subsea
Deeptech to Expand ROV Fleet with SMD’s Quasar MkII
Rapidly growing Egypt based company Deeptech Oil Services have confirmed an order with SMD for a Quasar MkII 150hp 3000m rated work class remotely operated vehicle (ROV). The high specification system includes Tophat tether management system, A-Frame, umbilical winch and fully integrated control cab
TGS Starts Clari-Fi Reprocessing Project in Barents Sea
TGS announced a 2D seismic reprocessing project in the Barents Sea Southeast in preparation for the Norwegian 23rd licensing round. The underlying data, acquired in 2011 and 2012, is owned by the Norwegian Petroleum Directorate (NPD) and covers an area of more than 18,000 km. TGS has been applying t
New Phase in Search for Malaysia Airlines Flight MH370
The search for missing Malaysia Airlines flight MH370 is commencing a new phase and will transition over the coming weeks to an intensified undersea search. In the meantime Bluefin-21, which has completed its search of the 314 square kilometre area around the detections made by the Towed Pinger Loca
Aker Solutions Splits into Two Companies
Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications a
MARINET Enters Final Stage of Round Robin Testing
MARINET, a network of research centres and organisations funded by the European Comission, has entered the last stages of testing its Round Robin device. MARINET, a network of research centres and organisations co-funded by the European Commission, has entered the last stages of Round Robin testing
CO2 Storage Discussed at Workshop in Stavanger
Last week, 100 participants from 15 countries took part in a workshop in Stavanger to discuss issues regarding safe handling and storage of CO2. The workshop was headed by the European Association of Geoscientists and Engineers (EAGE), and the target group was scientists and experts from academia an
M&M Predicts Well Access and BOP Market at $10 Bln by 2019
MarketsandMarkets released the report “Subsea Well Access and BOP System Market Global Trends & Forecasts to 2019” which defines and segments the global well access and BOP market with analysis and forecasts of the global revenue. The global subsea well access market is estimated to grow from over $
Recovery Operations Continue in South Korean Ferry Accident
Divers continue the search on Monday for the bodies of more than a 100 missing people in the South Korean ferry accident. South Korean President Park Geun-hye issued an apology over the ferry accident, BBC reports. “I don’t know how to apologise for the failure to prevent this accident, and for the
Ulstein Group Reports Solid Result for 2013
Ulstein Group delivers good result for 2013 with an operating income of NOK 2.3 billion and an operating profit of NOK 318 million. “We have competent and hardworking employees and an organisation that provide for execution and delivery precision. The good collaboration we have with our customers an
SCC Takes Action to Preserve Historic SS Dicky Shipwreck
The SS Dicky wreck is set to be relocated due to increasing community concerns over public safety and, just as importantly, to preserve an important piece of history. Archaeologists, surveyors, council staff and contractors started preliminary investigations of the SS Dicky at Dicky Beach on the Sun
Siemens Wraps Up Installation of BorWin2
Siemens has installed the BorWin2 offshore platform in the North Sea northwest of the island of Borkum. This marks Siemens’ achievement of the second crucial milestone in the German grid connection projects under contract with the German-Dutch network operator TenneT. Siemens had already erected its
BP Marks Solid Start to 2014
BP reported its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company a
US Energy Dept Boosts Wave Energy Projects with $10 Mln
The Energy Department announced $10 million to test prototypes designed to generate clean, renewable electricity from ocean waves and help diversify America’s energy portfolio. The Energy Department supported demonstrations at the U.S. Navy’s wave energy test site off Hawaii’s island of Oahu will he
NOAA Begins 2014 Hydrographic Survey Season
NOAA ships, small boats, and hydrographic services contractors have their sailing orders to survey more than 2,000 square nautical miles in U.S. coastal waters this year, collecting data that will strengthen the foundation of the nation’s environmental intelligence. The NOAA Office of Coast Survey w