Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimization business into new and existing international markets and further develop the range of production optimisation and intervention technologies.
Industry confidence has increased much faster than the oil price, as two-thirds of senior professionals globally plan to maintain or increase capital spending in 2018. 36% expect to increase investment in R&D and innovation - the highest level recorded in four years. Efficiency remains a priority, however, as half of professionals forecast increased cost control.
As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has appointed Ben Oudman as Regional Manager for Continental Europe, Eurasia, Middle East, India and Africa to further strengthen the company’s efforts to help the industry overcome barriers to progress.
Statoil has, on behalf of the license partners, awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions. The contracts have a total estimated value of between NOK 1.5-2 billion kroner. The contracts include installation and commissioning support services.
The 15th Asia Pacific Maritime (APM), Southeast Asia’s most established maritime, workboat and offshore exhibition and conference will present its strongest line-up of keynote and conference speakers when it takes place in Singapore from 14 to 16 March 2018.
OEG Offshore (OEG) – which specialises in the design, build and rental of specialist A60 cabins and cargo-carrying units for the offshore oil and gas market, has delivered several high value ROV (Remotely Operated Vehicles) module contracts worth $2.5 million USD (£1.8 million GBP) for TechnipFMC, Saipem and other leading subsea contractors.
Teledyne Oil & Gas has added the CAN bus communication protocol to its Active Flying Lead product family. The subsea oil and gas industry has standardized to "fault tolerant" CAN bus communications for sensors and other subsea controls. This variation has a limited transmission distance for single node or sensor systems of only 40 meters.
TWMA, a provider of specialized drilling waste management services, has been awarded a three-year contract with Total to provide drilling waste management services in the UKCS.
A breakthrough in electric torque tool technology is set to further advance the capability of electric underwater robotic vehicles.
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced the award of a sizeable(1) contract from Statoil for the Johan Castberg field development, located 240 km from Hammerfest in Norway.
Damen Shipyards Gorinchem has delivered five new harbor tugs to Empresa de Navegación Caribe, a subsidiary of Cuban maritime company Grupo Empresarial de Transporte Marítimo Portuario (GEMAR).
Fluor Corporation (NYSE: FLR) announces that the company was awarded a contract by Shell for the engineering, procurement and fabrication of Shell’s Penguins floating production storage and offloading (FPSO) vessel in the North Sea. Fluor booked the undisclosed contract value in the fourth quarter of 2017.
Mark Tool and Elite Elastomers have entered into a joint venture focused on the research, development and end-use application for complete elastomeric subsea high temperature thermal insulation systems. The systems can be installed via three methods: S-Lay, J-Lay and Reel-Lay. The newly formed company has been named MTE, representing the combined strengths of Mark Tool and Elite Elastomers.
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Damen Shiprepair Oranjewerf (Oranjewerf) has completed final outfitting and modifications on a second subsea-support walk-to-work (W2W) vessel for Vroon Offshore Services (VOS). VOS Stone was built at Fujian Southeast Shipbuilding in China before coming to the Netherlands for completion. This follows a similar project successfully completed in July this year at Oranjewerf, involving sister ship VOS Start.
The Sea Based X-Band Radar (SBX-1) a floating, self-propelled missile tracking system operated by the U.S. Missile Defense Agency consists of an X-band radar array mounted on a 50,000 ton twin-hull semi-submersible. SBX-1 uses four azimuthing thrusters for propulsion and positioning and the requirement to change-out the forward-starboard thruster waterborne fell to Phoenix International.
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