New Alliance Set Up to Boost Australia’s Subsea Sector
gas production, decommissioning, offshore wind and carbon capture. Supply chain companies are encouraged to bring innovative, collaborative and sustainable solutions to this diversified market,” said Neil Gordon, GUH chief executive.Gordon highlighted the continued production within the oil and gas industry in Australia where there are opportunities within new developments as well as in the expansion of current production by leading operators such as Woodside and Santos.This is augmented by an increasing focus on carbon capture and storage, driven by the high CO2 content in gas production in the
Global Underwater Hub Forms Taskforce to Improve Subsea Cable Reliability and Performance
because of the size and growth of the domestic and international markets, existing UK capabilities, and track record of developing solutions to complex technical challenges, such as the deployment of the world’s largest fixed offshore wind farms, coupled with the expertise honed in the oil and gas industry over the last five decades.Mr Gordon said: “But, in addition to cable reliability, there are other major hurdles to be overcome, varying from supply chain constraints to cost escalation. “Unlike fixed offshore wind, floating offshore wind has few standards and no established supply
Kongsberg Discovery Acquires Naxys Technologies
company that specializes in technology for recognizing the sound of oil and gas leaks.Martin Wien Fjell, CEO of Kongsberg Discovery, points to the importance of the company's expertise in passive hydroacoustics as crucial to the transaction. Naxys provides environmental monitoring for the oil and gas industry, but is also well-positioned for growth in both the research and defence markets."Naxys Technologies ensures that oil and gas companies can be quickly notified of any leaks. This is becoming increasingly important now that the demands for sustainable operations are increasing globally,"
Smarter Than Us
that enables computers and machines to simulate human learning, comprehension, problem solving, decision making, creativity and autonomy. IBM often puts it to use to advance asset management, operational efficiency and safety, and Carol Lee Anderson, IBM’s technology GM for the oil and gas industry, explains that the aim is never to take the human out of the loop, just to rid them of laborious and repetitive tasks and provide them with real-time decision support. The article highlights a range of applications developed using AI including SLB's Lumi data and AI platform which contextualiz
Subsea Redesign Underway for Floating Offshore Wind
there’s also an OPEX perspective. It means you only need to keep one cable size in stock.”High voltage AC wind power to assets.Image courtesy Baker HughesThis sort of standardization is crucial for the burgeoning floating wind market’s viability, says Birch. “Unlike the oil and gas industry, we cannot have bespoke systems in floating wind – the margins are too low for renewables. We need to have structured building blocks – connectors, collector hubs, turbines – that’s the only way to get economies of scale that can bring down the levelized cost of energy
Ship Design & Construction: Laurie Balan, COO, Genoa Design
. That's where we've seen a significant resurgence of ship design and shipbuilding over the last couple of decades. I graduated from Memorial University in Newfoundland & Labrador as a mechanical engineer, and I thought at the time I was going to spend my career in the offshore oil and gas industry because it was booming at the time. After a short stint overseas, I returned to the Atlantic provinces and was introduced to the working world of naval architecture and marine engineering. Over the next decade or so, I was engaged in design work, engineering changes for ships in operations, so
Spaces & Places: Inside the ‘Crown Jewels’ of Newfoundland & Labrador
as safe as possible, [we have] a long history of research into ship safety and offshore structures.”The Centre for Cold Oceans Resource Engineering (C-CORE) is one of the OERC’s partners, originating as a university offshoot with extensive ice research history, particularly in the oil and gas industry. The National Research Council (NRC) of Canada also has facilities in St. John’s, allowing students and professors to utilize its technologies for research. The Ocean Engineering Research Centre (OERC) tow tank. © Celia KonoweLately, OERC’s focus has been on the Artic and
Vallourec Boosts Pipe Coating Offering with Latest Acquisition
French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry.The acquisition price is $17.5 million, on a cash-free, debt-free basis, subject to customary price adjustments, including working capital.Thermotite’s facility is located within Vallourec’s existing coating services premises in Serra, Esperito Santo State in Brazil.The acquisition will support Vallourec’s strategy, reinforce its presence
Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain
is insufficient time to mature early-stage concepts to the high degree of technical readiness that will satisfy classification societies, banks, insurance companies and others. This means that floating wind will need to lean heavily on the supply chains developed to support the offshore oil & gas industry. In this article we look at some of the similarities and differences between the deepwater oil & gas segment and the emerging floating wind segment, concluding with our concern that we do not have the right number or the right type of vessels for the efficient construction of commercial
February 2025
