Subsea
Statoil Switching to Equinor this Week
Norwegian oil and gas company Statoil said it will vote on the proposal to change the company’s name to Equinor this week. The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under [
NKT Victoria Starts Johan Sverdrup Power Cable Installation
Statoil has informed that the laying of the cable supplying Johan Sverdrup with power from shore has started. On Wednesday the cable laying vessel NKT Victoria began laying the cables that will supply the Johan Sverdrup field with power from shore. The starting point was the Johan Sverdrup converter
Shearwater Scores Double in North Sea
Shearwater GeoServices has been awarded two 4D surveys for the North Sea market. The 4D surveys will begin in the second quarter of 2018 and will be conducted back-to-back over a period of approximately two months. Shearwater has during the first months of 2018 secured more than additional 15 vessel
Innospection and SENAI to Develop Inspection Robot for Shell
Shell Brazil has recently signed a partnership agreement with the British company Innospection and SENAI CIMATEC for the development of a robot for the inspection of cargo tanks in service of ship-platform (FPSOs). This robot called MCCR (MEC Combi Crawler Robot) will be launched from the main deck
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 07 – May 13). https://subseaworldnews.com/2018/05/09/statoil-hires-subsea-7-for-ncs-work/ https://subseaworldnews.com/2018/05/07/mcdermott-bags-qatar-petroleums-north-field-expansion-deal/ https:/
Fugro, AGI Sell Seeps Data Off Canada
Fugro and its partner, Amplified Geochemical Imaging (AGI), have sold licences for data from a frontier region offshore Canada. The data was acquired during a hydrocarbon seep survey, heat flow and geochemical coring campaign in the Orphan Basin, on the continental margin of Newfoundland. The compre
SCS Inks UK Business Development Deal with Pommec
Subsea Commercial Services (SCS) has signed a UK focused business development contract with Pommec of the Netherlands. According to SCS, Pommec, a manufacturer and supplier of commercial diving equipment and hyperbaric tunnelling solutions, aims to increase its penetration and presence in the UK div
Reach Subsea Bags Statoil IMR Deal
Reach Subsea has been awarded a frame agreement by Statoil for the inspection, maintenance and repair (IMR) services in the North Sea. The frame agreement has a duration of five years, and will start in 2019. Commercial terms under the agreement are confidential between the parties, Reach said. The
Paradigm Marks Success in US
Paradigm Flow Services’ Houston division has secured work worth £7 million ($9.7 million) in the last 12 months. In late 2016, Kevin Keogh relocated from the company’s Aberdeenshire HQ to Houston where he now heads up business development activities as VP of Commercial. The commercial and engineerin
ION Expands 3D Seismic Data Offshore Mexico
ION Geophysical has expanded its 3D multi-client reimaging program offshore Mexico. Based on the success of both the Campeche and Mexican Ridges 3D reimaging programs, ION is extending its data in a lesser explored area further to the north, the company informed. The Perdido South 3D reimaging progr
McDermott Wraps Up CB&I Deal
McDermott has completed its combination with Chicago Bridge & Iron (CB&I), creating a fully integrated provider of technology, engineering and construction solutions for the energy industry. “This is an exciting day for McDermott,” said David Dickson, president and CEO of McDermott. “The combination
Polarcus Posts Profit
Seismic player Polarcus has returned to quarterly profit when compared to first-quarter 2017, despite revenue drop of some 35 percent. The Oslo-listed company reported net profit for the quarter ended March 31, 2018 of $2.8 million or 1 cent per share, versus loss of $38 million in Q1 2017. Sequenti
Weatherford Enters ESP Alliance with Valiant
Weatherford has reached a memorandum of understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs). The pumps are designed for productivity in harsh, abrasive, corrosive and otherwise challenging downhole environments.
Hydratight and Altus Join Forces on North Sea Contract
Hydratight has signed a three-year contract with a major North Sea operator to support flange management and end-to-end process services. The contract covers the North Sea operator’s onshore and offshore assets and facilities and has scope for future development following a move to integrate its pro