Current subsea tree demand in 2021 could total up to 224 units, based on $50/bbl Brent, according to market research provider Westwood. Based on assessment of subsurface, commercial & geopolitical factors, Westwood has classified 137 units as ‘firm’, 51 unit as ‘probable’ and 32 units as ‘possible’.
Subsea 7 informed that its non-executive director and senior independent director Allen Stevens passed away on 10 January 2021. Stevens started in the shipping industry in financial planning at Sea Land Service Inc. and subsequently served as Treasurer of McLean Industries Inc. from 1972 to 1988. As
CGG’s Satellite Mapping group recently completed a high-resolution hydrocarbon seeps study commissioned by the Norwegian Petroleum Directorate (NPD). The aim of the study was to increase petroleum system knowledge across the northern Barents Sea. CGG Satellite Mapping has over twenty-five years of e
USV manufacturer Saildrone has launched a 22-metre version of its uncrewed surface vehicles, known as saildrones. Powered by wind and solar energy, saildrones are capable of missions of up to 12 months in the open ocean. The latest and largest version is also the first in the Surveyor class of USVs,
Thermoplastic composite pipe (TCP) specialist Strohm has secured a contract with Total and ExxonMobil for a qualification testing programme for a high pressure, high temperature TCP. The qualification project will create a foundation for further development of this TCP technology for riser applicati
UK-based Dynamic Load Monitoring (DLM) has manufactured two bespoke monitoring systems that have been installed by dive teams on subsea bend stiffeners at an offshore wind farm. The equipment has been commissioned, with the first round of data due to be collected in March 2021. DLM delivered the bes
The UK Oil & Gas Authority (OGA) is looking to commission a project to carry out work on a UKCS carbon capture risk register and global lessons learned. In anticipation of increased interest in carbon capture and storage projects on the UKCS, the OGA wants to strengthen its regulatory excellence in
McDermott has completed the KG-D6 R Cluster subsea field development project and achieved pre-commissioning and ready for startup for Reliance in the Krishna Godavari Basin, located off the east coast of India. For the KG-D6 R Cluster project, McDermott built a yard facility in India for the fabrica
JDR is loading out its third batch of cables set for Kriegers Flak offshore wind farm in the Baltic Sea. The TFKable Group company is supplying 170 kilometres of 33 kV cables for the 72-turbine offshore wind farm. As part of this latest load-out JDR is spooling to vessel 57.5 kilometres of inter-arr
Back-deck equipment specialist Maritime Developments MDL has completed a multi-project campaign in the Norwegian and UK Continental Shelves with an international contractor. The campaign commenced in May and covered installation of umbilicals and flexible jumpers in 3 different fields on both sides
Subsea asset protection expert Pipeshield has secured its largest contract win to date. The deal will see Pipeshield design, engineer, and manufacture a subsea scour protection solution for a major quay development project. According to its parent company Tekmar, the contract has a value of more tha
ASX-listed Beach Energy, as the operator of retention leases T/RL2, T/RL4 and T/RL5 in the Commonwealth waters of Bass Strait, is proposing to undertake the Prion 3D marine seismic survey over these leases. The purpose of the Prion 3D survey is to acquire geophysical data to gain deeper knowledge of
Teledyne Marine has launched its new ultra compact modem (UCM). Sized at just 60 x 50 milimetres, and weighing in at just 55 grams, the OEM version of the UCM is the smallest acoustic modem that comes from Teledyne Benthos. The UCM is based on Teledyne Benthos signal processing technology to address
The COBRAcable interconnector between Dutch and Danish electricity networks is back in operation, Tennet reported on Friday. The 700 MW submarine interconnector was out of operation due to a failure in the cable since the end of September. The repair operation has been successful, enabling the impor
