Subsea
WHOI Takes Hyperbaric Pressure System from Optime Subsea
Optime Subsea has supplied 20 000 psi hyperbaric pressure system to Woods Hole Oceanographic Institution (WHOI) to form part of a new test building and pit on WHOI’s premises. The hyperbaric testing system, with an inner diameter of 635 mm and a height of 2 500 mm, has been installed at WHOI’s facil
Dril-Quip’s Vice President Investor Relations Retires
Dril-Quip has informed that Jerry M. Brooks, the vice president of Investor Relations will retire, effective March 30, 2018. Brooks began his tenure at Dril-Quip as the company’s chief accounting officer in February 1992 before assuming the position of chief financial officer in 1999. He was named v
Oceanteam CEO Steps Down
Oceanteam’ CEO Haico Halbesma has decided to step down from his position effective March 30, 2018. The board has requested that he remains available as an advisor to the company and the board, Oceanteam informed. Haico Halbesma, co-founder and major shareholder of Oceanteam, has been leading the com
Subsea 7 Makes Board Changes
Subsea 7 plans to make changes to the board of directors, subject to approval at the Annual General Meeting on April 17, 2018. According to the company, Sir Peter Mason, currently senior independent director and chair of the Corporate Governance and Nominations Committee, will not be standing for re
NEC to Build SJC2 Subsea Cable
The Southeast Asia–Japan 2 consortium (SJC2) has signed an agreement with NEC Corporation to build submarine cable connecting Singapore, Thailand, Cambodia, Vietnam, Hong Kong, Taiwan, mainland China, Korea and Japan. Construction of the 10,500-kilometer long cable is expected to be completed by the
CGG in New Santos Basin 3D Shoot
CGG has started acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s on-going pre-salt program that delivers seismic data, and according to the company, enabling exploration companies to better eval
Xodus Completes Decom Study for TPS in Tunisia
Xodus Group has delivered a decommissioning and abandonment study for wells, surface and subsea facilities in Tunisia on behalf of Thyna Petroleum Services (TPS). Xodus developed a decommissioning cost estimate for four onshore fields, one offshore field and two onshore storage and processing sites.
TechX Accelerator Highlights First Pioneers
TechX Pioneer technology accelerator programme has selected 10 tech start-ups who will receive up to £100,000 funding. An entire laboratory shrunk onto a microchip, pipelines that are ‘zipped’ together and a safer, greener and cheaper alternative to liquified natural gas (LNG) could soon be making t
Enpro Subsea and DOF Subsea in Flow Intervention Alliance
Enpro Subsea and DOF Subsea have struck a memorandum of understanding (MoU) which will leverage each company’s expertise and portfolio of assets to deliver production solutions throughout the life of field. Their announcement, at the Subsea Tieback Forum and Exhibition in Galveston, Texas, sees Enpr
Red Ink Flows for Bourbon
Bourbon has seen its net loss more than doubled in 2017 as revenues slipped some 22 percent and impairment charges hiked. French vessel owner and offshore services provider booked a net loss of €576 million ($712 million) for the twelve months in 2017. This result compares with €279 million ($345 mi
Subsea 7 Lands New Gig
Subsea 7 said it has been awarded of a contract with an undisclosed client for a conventional project in shallow water. According to the company, offshore campaign is scheduled for 2019. The rest of the details have been kept confidential at this time due to contractual obligations, Subsea 7 said in
Statoil Changing Name to Equinor
Statoil’s board of directors has proposed to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “n
Aquabotix ROV Gets Water Linked GPS
Aquabotix has entered into a partnership with Norwegian technology supplier Water Linked. As part of the partnership, Aquabotix will integrate the Water Linked Underwater GPS system with its Endura ROV. This should enable greater underwater positioning for Aquabotix across a wide range of applicatio
McDermott and CB&I Deal Secures Final Regulatory Clearance
McDermott and CB&I have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction. As previously announced on December 18, 2017, McDermott and CB&I agreed to combin