Subsea
Aker Solutions in LNG Skills Boost
Aker Solutions is bolstering its liquefied natural gas capabilities to capitalize on an expected surge in global demand for the fuel as energy companies transition to a low-carbon future. The subsea production and processing expert has hired four leading specialists with extensive experience from ex
Perestroika Divests from DOF for $17M
Møgster Offshore and Perestroika have entered into an agreement whereby Perestroika, as part of a capital increase in Møgster Offshore, has transferred its 138 500 000 shares in DOF to Møgster Offshore as contribution in kind in the capital increase in Møgster Offshore. Møgster Offshore is related p
Ocean Infinity Dives Deep
Ocean Infinity recently launched six HUGIN AUVs, each with an independent mission that has surpassed a water depth of 5200 meters. This is the deepest dive undertaken by multiple AUVs commercially known, the company said. It is also a first for six HUGIN AUVs to simultaneously descend further than 5
Avitas Teams Up with Kraken on Subsea Robotic Inspection
Kraken Robotics has through its wholly-owned subsidiary, entered into a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate autonomous underwater vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into subsea
Teledyne Launches New Hydrographic Survey Boat
Teledyne Oceanscience has released the new Z-Boat 1250, a remotely operated hydrographic survey boat that is sturdy enough for tough terrain but light enough to be one person portable. The new Z-Boat 1250 is outfitted with a single beam echosounder and is suited for inland waters such as streams, ri
N-Seatec Wins Order for IP Zoom Cameras
N-Seatec, the Netherlands-based technical solutions provider, has received an order for a number of HD IP Zoom Cameras. In total 7-off Bowtech HDZ10 cameras will be supplied to an offshore contractor. These 4000-meter rated wide angle zoom cameras are full HD with network capabilities. Delivery incl
STR Names New Technical Operations Manager
Subsea Technology & Rentals (STR) has appointed Kirsty Ferris as technical operations manager. The company, which specializes in the design, production and rental of advanced subsea technology, has made this appointment following a sustained period of growth and recent expansion into Aberdeen. Neil
Lundin and TechnipFMC to Make More Projects Profitable
Lundin Norway and TechnipFMC will collaborate in an effort aimed at making more development projects on the Norwegian shelf profitable. The plan calls for better utilization of the expertise in both companies to identify the smartest solutions. The companies are planning a new contract format where
Teledyne Gavia Gets 6000-Meter Rated AUV Project
Provider of autonomous underwater vehicles (AUVs), Teledyne Gavia, has recently been awarded a contract for the supply of a 6000-meter rated AUV for deep water search and recovery applications for delivery in 2018. The newly-designed SeaRaptor AUV will incorporate a broad range of Teledyne content i
Work Starts on IOX Cable System
IOX Cable and Alcatel Submarine Networks have started work for cable route survey for the IOX Cable System, which will span more than 8,850 kilometers. Arunachalam Kandasamy, founder and CEO of IOX Cable said: “We at IOX are pleased to announce the commencement of work on the IOX Cable System. The c
Oceaneering Q3 Loss Per Share $0.02
Subsea engineering specialist Oceaneering has reported net loss of $1.8 million, or 2 cents per share, on revenue of $476 million for the three months ended September 30, 2017. Adjusted net income was $2.4 million, or $0.02 per share, missing analysts expectations of $0.03 EPS, and revenue by some $
C-Kore Supports Operator in Caspian Region
C-Kore Systems has deployed their fault-finding tools with an unnamed operator working in the Caspian Basin. The units located the fault in the subsea field, allowing the operator to replace the faulty equipment and bring the systems back online. The operator’s subsea controls engineer said, “The C-
Kongsberg Maritime Swings to Profit
Kongsberg Maritime (KM) has reported third-quarter 2017 revenues at NOK 1.81 billion, relatively flat with NOK 1.85 billion in the corresponding period in 2016. Kongsberg’s largest business area has seen order intake in the quarter at NOK 1,67 billion, resulting in an accumulated order intake at qua
PGS Reorganizing Business
Norwegian seismic player Petroleum Geo-Services (PGS) is changing its company model to adjust to weaker and more uncertain than before seismic market as it saw its loss widened at $190 million for the quarter ended September 30, 2017 from $29 million same time last year. The new organization should