McDermott has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year.
Norwegian seismic player TGS has kicked off the Malvinas 3D project in Argentina and scored two surveys offshore Brazil. The Malvinas survey was first announced to the market on 4 August this year. The BGP vessel Prospector will acquire approximately 5,000 square kilometres, which will bring the tot
Ithaca Energy is moving forward with its plans to develop the Abigail field, located in the UK North Sea as a subsea tie-back.
Miclyn Express Offshore (MEO) vessel, Miclyn Enterprise, has set sail on its maiden subsea voyage to Indonesian waters. This follows the fitment of a 20T knuckle boom crane and the vessel’s reflagging from Panama to Indonesian flag. Miclyn Enterprise is performing pipeline monitoring operations for
Oil and gas major Shell has partnered with marine robotics firm Ocean Infinity to combine expertise and assets to execute multiclient seep hunting projects. The companies believe that combination of Shell’s specialist seep hunting expertise and Ocean Infinity’s ‘Armada’ fleet of robotic ships, will
The Offshore Renewable Energy (ORE) Catapult has invited the offshore wind sector to sign up to a world-first data collection platform that aims to vastly reduce subsea cable failures. ELECTRODE will track cable failure trends and service downtime, as well as the effectiveness of current methods of
The Edinburgh-based start-up Mocean Energy has secured a major investment to advance the design of its Blue Star wave energy device, and drive its adoption in subsea oil and gas sector.
Tenaris line pipe technology team is working on the latest generation of products for HyLINE, a four-year project that looks to build safe pipeline infrastructure for hydrogen transportation. SINTEF and the Norwegian University of Science and Technology (NTNU) launched the HyLINE project in 2019. To
Prysmian Group has signed a preferred bidder agreement with RWE Renewables for the development of the high voltage submarine and land export cable connection for the Sofia offshore wind project in the UK. Prysmian will be responsible for the design, supply, offshore route preparation, installation,
Classification and technical advisory body ABS has recently published the ‘Guide for Subsea Mining’. The guide details Class requirements for the design, construction, installation as well as survey of mobile offshore mining units. It comes as global interest in resources on the sea floor grows to s
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 mil
The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation desi
LOC Mexico, a subsidiary of marine and engineering consultancy LOC Group has secured its third contract this year from Permaducto, an enterprise part of the Mexican oilfield services and infrastructure development firm Protexa. Under the contract, LOC Mexico will provide marine warranty survey (MWS)
Subsurface Imaging, part of CGG’s Geoscience division, has secured two large-scale seismic reprocessing contracts from PTTEP. Over the course of the next year, CGG, through its offices in Kuala Lumpur, will conduct merged reprocessing of surveys from many vintages, including towed-streamer as well a
