Australian oil and gas major Woodside Petroleum is to acquire its first offshore exploration acreage in north west Europe. The firm, Australia's largest operator, has agreed to farm-in to three license options in the Atlantic Porcupine Basin…
We have all grown up with the concept of land use planning or town planning to allocate areas of land for certain uses or activities such as business, industry, agriculture, residential, or nature conservation. The same concepts can be applied to marine areas…
Wood Group PSN (WGPSN) has extended one of its longest running projects in the North Sea under a US$60 million (£40 million) one year contract extension with ConocoPhillips (UK). WGPSN will continue to provide operations and maintenance services…
A project to design and build a new Category B semisubmersible rig capable of year-round well-intervention work offshore Norway has been cancelled. Aker Solutions and Statoil have said the technology development needed to build the rig…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
The subsea industry is doing incredibly well, but it needs to reduce costs and invest more in technology development—according to the key note speaker at this week's UTC 2013. Kristian Siem, chairman of Subsea7 and its parent company Siem Industries…
Statoil awarded Aker Solutions a four-year frame agreement to supply, refurbish and store compensation equipment used to stabilize and control the production risers on the Heidrun platform in the North Sea. The contract value is undisclosed…
Dutch offshore lifting, drilling and subsea equipment firm Huisman has developed a new series of large, offshore cranes capable of use in ultra-deepwater and with capacities of up to 900 metric tonnes (mt). The series includes a 300mt/600mt…
Detection and monitoring firm Tracerco launched a new external pipeline flow assurance and integrity monitoring system at UTC (Underwater Technology Conference) in Bergen today. The system, TRACERCOTM Discovery, is a subsea CT (computed…
DCN invests in ROV division DCN Diving has launched its own ROV division led by Fred Bosman as ROV operations manager. Bosman acquired his experience with robotic underwater systems with the Royal Dutch Navy, and for the past 13 years…
Aker Solutions loaded out the 1800-tonne subsea gas compression station steel frame from its yard at Egersund. In the next two weeks it will be installed using the crane vessel Saipem 7000 in 300m water on the seabed at the Statoil-operated Åsgard field…
Oil in water monitoring firm Pro Analysis has taken up the challenge of developing its technology for subsea use. Ever increasing water levels in production wells and stricter environmental standards are driving a research and development project to have a subsea oil-in-water monitor by 2015…
Subsea monitoring outfit Naxys has gained access to top research facilities after being bought out by global giant GE. Naxys’ work in the field of subsea monitoring systems led it to be snapped up by Measurement & Control, a business of GE Oil & Gas earlier this year…
ClampOn won a Spotlight award last year—now its corrosion erosion monitoring system is taking off. Corrosion erosion is seeing increased interest in the subsea sector, both on old and new developments. It is proving a growing business area for ClampOn…
High oil prices are helping boost spending, and Norway’s subsea industry has been quick to provide full system packages to those looking to spend—at home and broad. High oil prices, a growing level of subsea infrastructure, and a drive…
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