Worley’s Intecsea consultancy has partnered with the Oil & Gas Technology Centre (OGTC) to fund prototype testing of its Pseudo Dry Gas (PDG) liquid removal system. This technology has been developed to make long distance subsea tiebacks, which are not typically economic or technically feasible, com
WFS Technologies Limited (WFS) has unveiled a subsea wireless edge network for real-time monitoring of subsea assets. WFS provides wireless subsea devices designed to provide robust, long-term monitoring of subsea hardware. The latest technology, ExtremeEdge, has been developed to process and analys
Norwegian geophysical services company EMGS has halved its quarterly loss as revenues more than doubled for the period ended March 31, 2019. The Oslo-listed company reported net loss for Q1 2019 of $6 million or 5 cents per share, versus loss of $12 million in Q1 2018. Revenues for the quarter rose
TechnipFMC has chosen Semco Maritime to deliver telecommunication systems, topside firefighting equipment and safety equipment for the Energean Power FPSO for the Energean-operated Karish & Tanin fields, offshore Israel.
ARC Marine, who have invented a pioneering system for building artificial reefs, have received a Rapid Innovation Grant from Marine-i to enable them to progress to the next stage of their project. Part funded by the European Regional Development Fund, Marine-i is designed to help the marine tech sec
ConocoPhillips Australia, as operator of the Barossa joint venture, has awarded the Engineering, Procurement and Construction (EPC) contract for the Barossa project to Technip Oceania (TFMC). Under the contract Technip Oceania will supply the Subsea Production System (SPS) and associated SPS install
Red Rock Marine, a Norway based company with a vision to deliver tailor-made solutions, has signed new contracts with a Singaporean shipyard for delivery of complete crane packages for two trailing suction hopper dredgers (TSHDs). Commenting the latest news, Thomas Holte, Chief Commercial Officer at
DNV GL has urged offshore oil and gas operators to use floating wind turbines to power water injection for oil recovery, which is one step closer to becoming a technically viable and commercially deployable system.
Geophysical contractor TGS has posted higher profit in the first quarter of 2019 when compared to same period in 2018, despite revenue drop. The Oslo-listed firm posted earnings per share of 17 cents, up 34% from 13 cents per share in Q1 2018. TGS generated net revenues of close to $110 million in Q
Aibel/Keppel FELS consortium has secured a contract from TenneT for the supply of the HVDC platform and onshore converter station of the offshore grid connection project DolWin5. ABB will supply the complete HVDC electrical power system. Aibel’s scope within the consortium is the engineering and pro
Beach Energy has awarded Baker Hughes, a GE company (BHGE) a contract to supply subsea production systems for its Victorian Otway Basin development project located in offshore Victoria, Australia. The contract was awarded in the first quarter of 2019 and includes medium water horizontal Xmas trees a
PCCW Global and Telecom Egypt recently signed a landing party agreement in Beijing. This agreement will enable the Pakistan & East Africa Connecting Europe (PEACE) cable system to land and cross Egypt, effectively linking Asia, Africa and Europe with a 12,000km ultra-low latency high-speed cable sys
Alcatel Submarine Networks (ASN) has finalized the cable route study and mobilized the marine survey vessel for the EllaLink submarine cable system. The survey will be performed over the coming months and permit acquisition continues in line with EllaLink’s plans to be Ready for Service by the end o
Eng. Yasser Zaghloul, Chief Executive Officer of National Marine Dredging Company (NMDC), has been recently interviewed by Marasi News and he said that the company developed and expanded its portfolio of projects and operations throughout 2018 and into 2019. In this exclusive interview, Zaghloul cla
