Subsea World News has put together a recap of the most interesting articles from the previous week (September 18 – September 24). TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Hurricane Energy. The contract covers the provision of subsea
Kraken Sonar has changed its name to Kraken Robotics and that effective Friday, September 22, 2017, it will begin trading under its new name. The company’s stock symbols will remain the same. The company’s Canadian operating subsidiary, Kraken Sonar Systems has been renamed Kraken Robotics Systems.
Most projects in the dredging and maritime industries collect vast amounts of data from their equipment’s sophisticated onboard systems. But is this data, despite being so easily acquired, being used effectively? Inconsistent or incomplete data reviews can lead to expensive false positive results, y
Flow control products and services provider Flowserve has announced that Lee Eckert will join the company as senior vice president and chief financial officer, effective October 9, 2017. Eckert joins Flowserve from CHC Group, a global commercial helicopter service provider to the offshore oil and ga
TSG Marine and SPS have introduced a permanent class approved alternative to conventional ‘crop and replace’ pipework and tubular product renewal, undertaken whilst the pipe is in-service. TSG/Pipe Repair with SPS, a no hot works bolted solution, designed and tested by TSG Marine and SPS has been ve
Norway’s sovereign wealth fund, popularly known as the oil fund, has this week reached a staggering value of one trillion U.S. dollars ($1,000,000,000,000) for the first time. The world’s largest sovereign wealth fund got its first capital in 1996 when the oil revenue from the government was transfe
Plexus has been awarded a contract with Rosneft Vietnam, a subsidiary of Russian oil and gas company. The contract will see Plexus supply its POS-GRIP high pressure/high temperature (HP/HT) adjustable rental exploration wellhead equipment to Rosneft Vietnam for an exploration well offshore Vietnam.
Welltec Oilfield Services has been awarded a two-year contract by Petronas for the provision of downhole tractoring equipment and services for its operations offshore East Malaysia. The scope of the work is for rig support and rigless well intervention including tractor conveyance, mechanical servic
Dragflow – a global player in solid pumping solutions – and Dragflow South will be present at the International Boat Show in Genoa, an important event for the sector in its fifty-seventh edition. In particular, on Saturday, September 23, the company will take part in the schedule of initiatives orga
Aberdeen-based ROV services provider M2 Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill. The indoor fresh water tank, which can hold 73,600 litres of water, has been created for the primary purpose of testing ROVs and ancillary equipment. The f
Infinera and Seaborn Networks (Seaborn) have completed subsea field trial demonstrating the Infinera XTS-3300 meshponder on the Seabras-1 subsea cable. The 8QAM trial demonstrated 4.5 bits per second per hertz on the Seabras-1 cable, connecting North and South America, owned and operated by Seaborn,
Seanamic Group has appointed Martin Barnes as the new Group CEO with immediate effect. He takes over from David Cooper, who has led the Group on an interim basis since 2016. Cooper will also step down from the role of managing director of Caley Ocean Systems, to an engineering advisory role. The com
A U.S. Bankruptcy Court has issued and order giving full force in the U.S. to Ocean Rig’s debt restructuring schemes of arrangement recently sanctioned by the Grand Court of the Cayman Islands. The deepwater offshore drilling company on Wednesday said the order by the United States Bankruptcy Court
Aker Solutions has won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway’s largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module, which will receive a
