Wave-Powered Subsea Project Completes 12-Month Offshore Test Campaign
Oil Giant Joins Renewable Subsea Power Project in Scotland“The test program has been a tremendous success. This phase of RSP was initially conceived as a four-month at-sea demonstration, but the quality of data and the robustness of our combined technologies as well as tremendous support from the oil majors, led us to extend the program to a full year. We now have increasing confidence in the reliability and the commercial potential of this system,” said Andy Martin, Chief Commercial Officer at Verlume.“In the subsequent months, all the technology providers will examine critical components
Ocean Influencer: Mike Read, Teledyne Marine
;The integration of Teledyne Marine into three verticals – the large interconnect business; instruments and imaging; and vehicles – is particularly timely as one of its largest customer segments, the offshore energy business, is enduring another slump, magnified by the COVID-19 pandemic, and oil majors and large engineering firms alike are streamlining operations and technologies to be profitable with a $40 price per barrel of oil. “All operational excellence metrics are now centralized,” said Read. “We’ve made Teledyne Marine stronger, focused on global service levels
A New Role for Service Providers Amidst Energy Upheaval
the COVID-19 pandemic abates. If that happens, renewables will attract investment, drive growth, bring jobs and energy security in the future – all while supporting the global battle against climate change.Confidence in the long-term future of renewables is further buoyed by the growing number of oil majors that have signed up to ambitious green targets. In the last month, for example, Shell has committed to a net-zero emissions goal by 2050, with CEO Ben van Beurden saying “society, and our customers, expect nothing less”.The success of the renewables industry so far is supported by the
ABB Tests Subsea Power Technology System
The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure signals the culmination of a $100m partnership with world oil majors.The company has officially announced the completion of shallow water test proving that its subsea power distribution and conversion technology system for the offshore oil and gas industry is commercially viable.For the first time worldwide, energy companies will be able to access a reliable supply of up to 100 megawatts of power, over distances up to 600 kilometers and down to 3,000 meters water depth
Rovco Nets $12.8 Mln in 12 Months
and hydrographic surveys primarily to offshore wind farms and other tier 1 service companies in the UK and Asia markets.The organization also introduced its time-saving and automation technology to the global oil and gas industry, showcasing its machine learning and computer vision systems to several oil majors.Brian Allen, CEO of Rovco, said, “We have dedicated and invested a huge amount of time and effort into developing innovative technology solutions for our clients. The majority of the projects have been for offshore wind farms, where we have significant delivery experience. We have also secured
Total Makes Major Offshore UK Gas Discovery
been a huge concern so far in 2018 with just five exploration wells spudded to date – on track for lowest levels of activity since the 1960s. So this discovery is welcome news," Swann said in a statement.He said that although the West of Shetland region was under-explored, it was core for oil majors BP, Shell , Total and Chevron, and large development projects were expected to boost production from it through to the mid-2020s.Total has a 60 percent stake in Glendronach, while Ineos E&P UK Ltd and SSE E&P UK Limited each hold 20 percent stakes.Total shares were up 0.9 percent by 1418
Reach Subsea Scores Work in Houston
Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expanding its services into the important subsea hub. So far, the company has executed a couple of projects in the region utilizing subsea spreads hired-in on a project-by-project basis. The company said it is gaining traction at a higher-than-expected pace with two frame agreements now signed with oil majors, and subsequent contract awards that have followed.
FairfieldNodal Changes Name
. The name change reflects Fairfield Geo’s strategy and continuing evolution as a provider of life-of-field technology, data and solutions.FairfieldNodal pioneered the use of ocean bottom nodes (OBN) and is a leading provider of ocean bottom nodal technology, related services and data to Oil Majors, National Oil Companies and Independent Operators. The data and services are necessary to manage reservoirs, enhance productivity and mitigate risk over the entire life-of-field.Fairfield Geotechnologies continues to build on a comprehensive OBN technology portfolio and has embarked on an aggressive
Powering the Seafloor: Put a Socket in It
. Then, subsea installed switchgear and VSDs would control and distribute power to a range of users, from pumps and compressors to pipeline heating systems and ROVs or autonomous underwater vehicles (AUVs).The concept is being driven out of Norway, largely by Norway’s Statoil, along with other oil majors via JIPs. “The direct benefits (of subsea electrification) are reducing topside foot print and cost, through removal of the hydraulic system, having a smaller, less complex umbilical, smaller and lighter subsea modules, improved health, safety and environment, and simplified testing through
February 2024
