Subsea
BP and Aker BP Form Strategic Alliance
BP has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses. Through their planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments target
Sonardyne Gets Business Development Manager for Aquaculture and Renewables
Sonardyne International has appointed Elizabeth Paull as business development manager to help support and develop the firm’s business within the aquaculture and renewables industries. Elizabeth, who joins Sonardyne from Aquatec Group, will also focus on other developing ocean industry markets, such
Prysmian Lands Crete Interconnection Project
Prysmian has been awarded a new contract, worth €125 million, for an interconnection between the island of Crete and mainland Greece (Peloponnese region). The project was awarded by IPTO (Independent Power Transmission Operator), which operates the transmission system for Greece’s power grid. The co
Saipem Names New CFO
Italian oilfield services player Saipem has informed that, with effect from November 15, 2018, Stefano Cavacini will assume the role of chief financial officer of the company. According to Saipem, Cavacini will be responsibe for for the company’s administration, finance and control. Stefano Cavacini
PGS Sees Drop in Contract Seismic, But Boosts Multiclient Activity
Norwegian seismic player, Petroleum Geo-Services (PGS), has released vessel activity report for the third quarter of 2018. In the Q3, the vessel utilization on the contracted basis has seen a drop to 19 percent compared to 28 percent in the corresponding period in 2017. On the multi-client seismic b
Solstad Farstad Changes Name to Solstad Offshore
Solstad Farstad has changed its name to Solstad Offshore ASA on Monday. The name change of the company, jointly formed by Solstad Offshore, Farstad Shipping and Deep Sea Supply last year, was announced through social media. When established, Solstad Farstad had a fleet of 152 OSVs. As per February 2
Second Tech X Pioneer Programme Open for Applications
Oil & Gas Technology Centre has launched TechX Pioneers programme for the second year in a row. The accelerator and incubator programme backed by more than 120 industry partners and mentors, will support a select group of start-up technology developers to take their solutions to the oil and gas mark
i-Tech Boosts Inspection Fleet with Mini ROVs
i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments. According to i-Tech, the mini ROVs are quick to deploy and can be transported easily to site vi
NKT Delivers Rentel Offshore Wind Farm Cable System in Belgium
NKT has commissioned the 220 kV AC high-voltage cable system connecting the 309 MW Rentel wind farm to the Belgian shore. NKT has designed, manufactured and installed the 40-kilometer extruded three-core 220 kV XLPE HVAC (alternating current) submarine cable system. The installation was finalized in
Neptune Energy Finalizes VNG Norge Acquisition
Neptune Energy has completed the acquisition of VNG Norge, announced on June 28, 2018. The transaction adds three producing fields, two development projects and 42 licences to Neptune Energy’s existing portfolio. The VNG Norge asset base is complementary to Neptune Energy’s existing Norwegian portfo
GAC UK Opens New Office in Port of Dundee
GAC UK has opened new office in the Dundee harbour to better respond to the growing needs of its offshore and renewables client base in Scotland and beyond. Adrian Henry, GAC UK’s general manager – Oil, Gas & Renewables, said: “The addition of a quayside facility in the Port of Dundee to our already
Optime Subsea to Support ABB’s Joint Industry Project
Optime Subsea has been selected to deliver a new subsea power control module to ABB, for its Joint Industry Project (JIP) started in 2013 with three oil companies . The $150 million JIP, with ABB, Chevron, Total and Equinor, aims to develop transmission, distribution and power conversion systems for
Ardmore Craig Moves to New Office
Ardmore Craig, the North East-based engineering firm, has now settled into its new office in The Beehive at Lingfield Point, Darlington, UK. Andy Stevenson, director at Ardmore Craig said: “It’s been a really successful year for Ardmore Craig and following a period of expansion, it was the right tim
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 24 – September 30). https://subseaworldnews.com/2018/09/26/aker-solutions-technipfmc-to-support-equinor-in-subsea-sector/ https://subseaworldnews.com/2018/09/25/fugro-names-new-ceo/ https://