Subsea
Archer Knight Adds Scrimgeour to Its Board
Aberdeen-based market intelligence and subsea consultancy, Archer Knight, has said that John Scrimgeour will join its board as non-executive chairman. Scrimgeour has held numerous senior leadership positions throughout his career, including regional manager North West Europe for Suncor and general m
Point Resources and Eni Norge Finalize Merger
Point Resources and Eni Norge have concluded the merger between the two companies, after receiving appropriate approvals. The two companies have joined forces to create Vår Energi, with a new organisation of about 800 employees. Vår Energi is an independent exploration and production (E&P) company,
Neptune Energy Wraps Up Integration with Former VNG Norge
Neptune Energy has completed the integration with the former VNG Norge business. The integrated business, ‘Neptune Energy Norge’, will become the operator of the Fenja field development project in the Norwegian Sea, the company informed. As of December 04, 2018 the merger between Neptune Energy Norg
Rovco Gets Further Funding for Live 3D Visualization Project
Rovco has been awarded further funding by Innovate UK to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology. This brings the combined total in technology grants for the UK subsea services company to £1.46 million. The next stage, AUV3D Phase 2
GCE Subsea Changes Name
Norwegian industry initiative GCE Subsea has decided to change its name to GCE Ocean Technology, effective February 1, 2019. The issue of a name change has been up for discussion on several occasions as the cluster is exploring further markets beyond the traditional oil and gas sector. The new name
Minesto Gets Additional €1M Boost from InnoEnergy
European powerhouse and investor in clean energy InnoEnergy has awarded an additional €1 million to the commercialisation of Minesto’s marine energy technology. This makes the Swedish marine energy developer InnoEnergy’s largest investment in ocean energy. Including the latest €1 million injection,
Eidesvik Secures Contract for Viking Neptun
Eidesvik has secured a contract for Viking Neptun for the term work with Ocean Installer. The work is planned to start early 2020 and 2021 respectively, the company informed. “We are very pleased with this contract and look forward to work closely together with Ocean Installer. This contract confirm
Leask Marine Expands Its Operations
Highlands and Islands Enterprise (HIE) and Scottish Enterprise (SE) are supporting marine specialist Leask Marine in its submersible drilling rig research and development project. Leask Marine will invest £1.5 million in its R&D project with aim to target commercial opportunities in the offshore ren
AREG Membership List Grows
Aberdeen Renewable Energy Group (AREG) has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors. Among the 25 new sign-ups are marine engineering firm EC-OG, weather forecasting business Stor
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 03 – December 09). https://subseaworldnews.com/2018/12/03/siemens-and-aker-solutions-form-digital-alliance/ This content is available after accepting the cookies. Change cookie-settings View
Akastor Takes Over AGR through First Geo Merger Deal
Akastor has entered into agreements with AGR stakeholders to combine its First Geo business unit with AGR. The Transaction will be carried out primarily as an asset deal, whereby assets in the current AGR legal structure and three legal entities will, together with First Geo, be transferred to a new
Green Light for Magseis – Fairfield Deal
Norwegian seabed seismic services player Magseis has gained competition clearance from the Federal Trade Commission and the Antitrust Division of the United States Department of Justice to acquire the Seismic Technologies business from Fairfield. The acquisition comprises data acquisition, nodal and
Troll 3 Gets Go Ahead
Equinor has been given the green light by the Norwegian Ministry of Petroleum and Energy for the Troll Phase 3 development. According to Equinor, the capex of NOK 7.8 billion should help extend the productive life of the Troll field beyond 2050. Since it came on stream in 1995 the Troll oil & gas fi
Nexans Establishes Cable IMR Team
Cabling specialist Nexans has set up a dedicated team for inspection, maintenance and repair (IMR) services. The new IMR team can support customers worldwide with emergency response, a 24/7 hotline and fast-track mobilization. “Nexans has an impressive toolbox when it comes to IMR. We can offer a fu