Kraken to Build AquaPix Multispectral SAS
Kraken Robotics is developing an ultra-wideband acoustic remote sensing system for seafloor imaging and mapping. The AquaPix Multispectral Synthetic Aperture Sonar (SAS) will be the world’s first commercial SAS to operate over such a wide spectrum, ranging from low audible frequencies to high ultrasonic frequencies. According to Kraken, there are three notable […]
Nexans Wraps Up Strait of Belle Isle Subsea Power Link
Nexans has completed the design, manufacture, supply and installation of subsea cable for Nalcor Energy’s Strait of Belle Isle Marine Cable Crossing in Newfoundland and Labrador, Canada. During the six-year project the company manufactured and installed approximately 100 km of subsea high voltage direct current (HVDC) cable and accessories for the Strait of Belle Isle […]
Rovco Secures Funding for Live 3D Subsea Tech Launch
Rovco, a subsea services company, has secured a £1.2m investment, enabling the firm to launch its advanced live 3D subsea survey system and triple its workforce. The company has attracted backing from three UK-based investment houses, Green Angel Syndicate, Cambridge Angels and Bristol Private Equity Club. The funds will see Rovco bring […]
DOF Subsea Takes Delivery of Skandi Recife PLSV in Brazil
DOF Subsea has taken delivery of Skandi Recife pipelay support vessel (PLSV) in Brazil. Skandi Recife is the company’s third Brazilian-flagged vessel and will work with Petrobras on the Campos, Santos and Espírito Santos basins, DOF informed through social media. The vessel is part of four vessels owned by a joint venture between […]
Proserv Gets New CEO After Restructuring
Proserv, an energy services company, has completed financial restructuring with aim to strengthen the long-term plans of the company. Through a debt-for-equity exchange and injection of a $50 million investment, the company’s two largest lenders – KKR and funds managed by Oaktree Capital Management – will become owners of the company. As […]
Polarcus Wraps Up Jamaica Shoot for Tullow and UOG
Polarcus has completed seismic acquisition program on the Walton Morant licence offshore Jamaica for Tullow and its partner United Oil & Gas (UOG). Seismic vessel Polarcus Adira carried out a 2,250 square kilometers 3D seismic survey which includes the Colibri target in the Walton Morant licence. United holds a 20% equity interest […]
Solstad Farstad Gets New Board Chairman
Solstad Farstad (SOFF) has appointed Harald Espedal as the new chairman of the board. The appointment to the board comes after Terje Vareberg stepped down as chairman and board member after seven years of service. Harald Espedal is a graduate from The Norwegian School of Economic (NHH) in economics with additional studies in auditing. […]
Statoil Switching to Equinor this Week
Norwegian oil and gas company Statoil said it will vote on the proposal to change the company’s name to Equinor this week. The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on […]
NKT Victoria Starts Johan Sverdrup Power Cable Installation
Statoil has informed that the laying of the cable supplying Johan Sverdrup with power from shore has started. On Wednesday the cable laying vessel NKT Victoria began laying the cables that will supply the Johan Sverdrup field with power from shore. The starting point was the Johan Sverdrup converter station at Haugsneset near Kårstø, and by […]
Shearwater Scores Double in North Sea
Shearwater GeoServices has been awarded two 4D surveys for the North Sea market. The 4D surveys will begin in the second quarter of 2018 and will be conducted back-to-back over a period of approximately two months. Shearwater has during the first months of 2018 secured more than additional 15 vessel months. “Over […]