Subsea
NOC Leads New Project to Explore Deep-Seafloor Minerals
A new project has been announced to reduce the potential environmental impact of future mining by making exploration for deep-seafloor mineral deposits much more effective. ‘Project ULTRA’ has been funded by the Natural Environmental Research Council (NERC), and will be led by Professor Bramley Murt
INTERVIEW: Bourbon Subsea Services Stays Focused on Its Core Markets
Bourbon Subsea Services provides clients with a full range of services to assist at every stage of the life of their oil field, from the survey and exploration phases, during the subsea construction and the offshore operations, through to dismantling. In an interview with Subsea World News Patrick B
Equinor Starts Up Deepest Field on Norwegian Continental Shelf
Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. Gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline the field opens a new region for gas export to Europe. “Aasta Hansteen is a pion
Plexus Buys into KMS
Plexus has made an investment of £735,000 to acquire a 49% interest in KMS, a precision engineering business focused on the oil and gas industry. The transaction is said to be in line with management’s strategy to position Plexus as an IP-led company based around its POS-GRIP friction grip method of
Magseis in OBS Nodes Sales Deal with BGP and CNPC
Magseis has signed a contract with BGP and China National Petroleum Corporation (CNPC) for the sale of 17,000 MASS I ocean bottom seismic nodes and four MASS Modular handling systems. The sales contract follows from the Letter of Intent (LOI) signed with BGP and CNPC in October this year. First deli
Subsea 7 Bags Shell’s Shearwater Gas Expansion Award
Subsea 7 said it has been awarded a contract by Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb Project, located some 225 kilometers east of Aberdeen. The contract value is said to be between $50 – $150 million. The engineering, procurement, construction and installation (EPCI) project works
Microsoft, Facebook, Acacia Demo 400G Over Marea Subsea Link
Acacia Communications announced the first 400G single carrier DWDM transmission on the 6,600 km Marea submarine cable between Virginia Beach, Virginia and Bilbao, Spain. The field demonstration was conducted by Acacia in collaboration with Microsoft and Facebook, and helped to demonstrate that impro
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 10 – December 16). https://subseaworldnews.com/2018/12/13/technipfmc-delivers-2019-forecast/ https://subseaworldnews.com/2018/12/12/pioneering-spirit-arrives-for-nord-stream-2-job/ https://su
C-Kore Systems Names Ekstrøm Sales Manager – Scandinavia
C-Kore Systems has appointed Mats Ekstrøm to represent C-Kore as sales manager – Scandinavia. Ekstrøm has over 30 years of experience in the offshore oil & gas sector, starting his career with Sutec as service manager and then working for Dolphin AS as technical manager. The past 20 years Ekstrøm wo
Seanic Relocates UK Base to Facilitate Growth
Subsea services company Seanic Ocean Systems, a Centurion company, has moved its UK division into new premises in the ABZ Business Park in Dyce, Aberdeen, following a positive stream of business and sustained growth. In the last 12 months, the company has seen a 26% increase in utilisation of its de
Buckthorn Bets on Coretrax
Coretrax, the independent wellbore clean-up and abandonment specialist, said it has received a substantial investment from private equity firm Buckthorn Partners to accelerate its international growth plans. The Aberdeen headquartered company, which supports global well construction, completion and
OSIL Marine Snow Catchers for Norway
Oceanographic equipment manufacturer Ocean Scientific International Ltd (OSIL) has supplied 3 Marine Snow Catchers to a Norwegian institute for use in the Southern Ocean and Antarctica on a 5-month research cruise. Marine Snow Catchers are large volume water samplers with separable top and bottom se
North Sea Region Backs Ocean Energy Pilots
The Ocean Energy Scale-up Alliance (OESA) coordinated by the Dutch Marine Energy Centre from the Netherlands has been awarded to implement an innovative Pilot Accelerator Programme. In this programme, organisations work together to support the accelerated deployment of ocean energy pilots in the Nor
TechnipFMC Delivers 2019 Forecast
The UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion. The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%. Revenue forecast for Onshore/Offshore is in a range of $5.7 – 6.0 billio