Subsea
AML Kits Out GSI Research Vessels
The Geological Survey of Ireland (GSI) has purchased two Moving Vessel Profiler (MVP) from AML Oceanographic to improve their survey operations. GSI works in partnership with the Marine Institute of Ireland under the joint programme INFOMAR to survey the coastal and deep waters surrounding Ireland,
Joint Lab Set Up for Subsea Vision & Photogrammetry
Offshore robotics company FORSSEA ROBOTICS has chosen GMS as main technical partner to certify its real-time visual positioning technologies. A joint laboratory will be created to develop a common offer covering camera calibration, subsea image treatment and innovative photogrammetry solutions. FORS
Aibel Inks Gudrun Deal
Aibel has been awarded the FEED contract for Gudrun Phase 2 Water Injection. The contract with Equinor also includes an option for the actual implementation (EPCI). The FEED phase (front end engineering design) starts immediately at Aibel’s headquarters in Stavanger and in Haugesund. The project wil
DOF Subsea Collects $106M in Bond Sale
DOF Subsea, a subsidiary of DOF Group, has completed a new unsecured bond issue of NOK 900 million ($106 million). Net proceeds from the new bond issue will be used to refinance existing bonds and for general corporate purposes. The debt matures in November 2023. In addition, DOF Subsea has repurcha
New Concept Introduced for Loch Linnhe Subsea Campus
Development agency, Highlands and Islands Enterprise (HIE) has introduced a new ‘vision’ for an international, multi-use, offshore test and demonstration campus in Loch Linnhe. The move follows the closure of The Underwater Centre in Fort William, which entered administration last month. The facilit
Shearwater Adds Schlumberger’s Offshore Seismic Unit
Shearwater GeoServices has completed the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The transaction was completed following receipt of relevant regulatory approvals and satisfaction of customary closing c
PGS Lines Up Vessel Sale
PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (JOGMEC). PGS said it has now been informed that the company is the preferred tenderer, and negotiations will be initiated with the aim of concluding necessary contracts. A
Geospace Technologies Buys OptoSeis Technology from PGS
PGS has sold the fiber optic permanent reservoir monitoring solution, OptoSeis to Geospace Technologies. Terms of the transaction include an initial cash payment at closing of $1.8 million and contingent cash payments of up to an additional $23.2 million over a five-and-a-half year earn-out period.
Well-SENSE Rolls Out Active FLI
Downhole sensing technology specialist, Well-SENSE, has launched its latest FiberLine Intervention (FLI) development, ‘Active FLI’. Active FLI builds on the capability of Well-SENSE’s new fiber optic downhole data acquisition system with the addition of a range of discrete measurement devices, the c
Rovco Strengthens Its Team
Rovco has established a dedicated business development team to support its growth plans, as it looks to increase its presence in key international markets. Paolo Cattaneo, Brett Laurenson and Alex Pretty, collectively bring more than 40 years of business development experience to the company. Pretty
OKEA Gets Draugen Nod
The Norwegian Petroleum Safety Authority (PSA) has given OKEA consent to use the facilities on the Draugen field in the Norwegian Sea. In June 2018, OKEA acquired Norske Shell’s interest in Draugen and became the field’s new operator. The transaction was recently approved by the Ministry of Petroleu
University of Strathclyde Student Recognized by IMechE for His Subsea Dissertation
Cameron Hogan, a fourth year student at the University of Strathclyde has won the Engineering Stimulation Techniques: Outstanding Project award from IMechE (Institute of Mechanical Engineers) for work he completed on his fourth year dissertation project. The project, entitled ‘Metal Additive Manufac
Subsea UK Conference to Examine Potential Outlook of Subsea Sector
The past, present and future of the subsea industry will be examined and discussed at a Subsea UK event in Woking next month. The Back to the Future of Subsea conference will consider the potential outlook of the subsea sector, drawing upon developments over the past 20 years and explore what the fo
SeaBird Takes Delivery of Eagle Explorer from CGG
SeaBird Exploration has taken delivery of the Geowave Voyager vessel from CGG and renamed it Eagle Explorer. SeaBird acquired Geowave Voyager and certain seismic equipment earlier this year for a cash consideration of USD 17 million and the NOK 120 million private placement to partly fund the acquis