TSR Obtains Magnetometer to Aid in Treasure Hunting
Treasure & Shipwreck Recovery, Inc. (“TSR”), currently trading on the OTC market under the ticker symbol BLIS, announced that its brand-new cesium magnetometer was delivered. The following is an explanation of what this means by TSR chief operating officer and internationally known shipwreck expert Dr. E. Lee Spence:“This isn’t an off-the-shelf item that you can buy at your local dive shop or treasure hunting store. It’s a state-of-the-art piece of scientific equipment, costing almost $40,000.“Our new magnetometer is a model G882AR/4, made to special order
#Oi2020 History
, specifically a higher level of appreciation of technologies such as acoustics and sensors. This also included manned submersibles, which at the time, “were believed to be the answer to deep underwater exploration, taking humans beyond safe diver depth,” according to the book Advances in Marine Technology, as published by the Marine Technology Society. In fact, as this technology was developing, it was also concurrently “pushed to the sidelines by the development of ROVs, which proved the safest way to work at deep depths, marking the transition from human intervention to robotics
USN: Knifefish UUV Program Achieves Milestone
The Program Executive Officer for Unmanned and Small Combatants (PEO USC) granted Milestone C approval to the Knifefish Surface Mine Countermeasure Unmanned Undersea Vehicle Program. The decision clears the way for low-rate initial production (LRIP) of the system, PEO USC announced Aug. 23.The Navy is expected to award a LRIP contract to Knifefish prime contractor General Dynamics Mission Systems.The Knifefish system is designed for deployment from the littoral combat ship (LCS), vessels of opportunity or from shore to detect and classify buried, bottom and volume mines in high-clutter environments.
MTR100: General Dynamics Mission Systems
General Dynamics Mission SystemsQuincy, Mass., President CEO: Chris BradyNo. of Employees: 13,400https://gdmissionsystems.com/en/underwater-vehicles/bluefin-roboticsGeneral Dynamics Mission Systems is an innovator of open architecture and mission integration to meet the most demanding operational requirements on any platform in the multi-domain operational arenas – from the outer reaches of space to the sea floor. In 2016 General Dynamics acquired the unmanned underwater vehicle (UUV) provider, Bluefin Robotics, to extend the integration of high consequence solutions to the unmanned undersea
MTR100: InterMoor
the context of drilling optimization, allowing for faster rig moves with simplified connect/disconnect operations from pre-laid mooring lines. It was designed using the proven platform of sister company SRP’s Rocksteady mooring connector, with a control system developed in conjunction with Teledyne Marine. The advanced control system uses high-fidelity acoustic modems, and implements domain key authorization, unique addressing, network relay and frequency hopping techniques, ensuring the mooring connectors are not affected by obstructions or noise. These features eliminate the possibility of
Swire Seabed Completes Unmanned Pipeline Inspection
Swire Seabed said it has completed a second offshore pipeline campaign for Equinor in the North Sea. The campaign, undertaken in July 2019, is the first fully unmanned offshore pipeline inspection ‘over the horizon’ ever completed, surveying up to 100 kilometers from the shore.The inspections were completed using Kongsberg Maritime’s Hugin autonomous underwater vehicle (AUV) with the SeaKit Maxlimer unmanned surface vessel (USV) acting as the host vessel for surface positioning and communications to shore. The complete operation was controlled from an onshore control center
MTR100: Teledyne Marine
With 23 brands, and more than 400 marine products in its portfolio, Teledyne Marine collectively offers the largest breadth of technology in the industry. From tiny connectors to 6000m rated AUVs – and virtually everything in between – Teledyne is well positioned to solve subsea’s biggest challenges. Whether customers seek a single product, or a complex turnkey solution, Teledyne Marine has the vision and capability to deliver leading-edge technology to commercial, academic, and defense customers around the globe.As the organization continues to grow and mature, and
Premier Oil Testing PB3 PowerBuoy in the North Sea
US-based ocean energy solutions company Ocean Power Technologies (OPT) said it has deployed a PB3 PowerBuoy to serve as an autonomous intelligent platform to provide communications and remote monitoring services for its customer Premier Oil at the Huntington field in the UK sector of the central North Sea.During the deployment, Premier will demonstrate the PB3 PowerBuoy capabilities, its ability to monitor the local environment and alert ships of the field’s safety zone as a potential solution to help with their future decommissioning related operations, OPT said.This deployment begins a nine
Saab Seaeye's Falcon for Ocean Research
Scale Nodes (CGSN) which include sensor arrays moored off the coast of Massachusetts, Alaska, and Greenland, operated by the Woods Hole Oceanographic Institution,The Endurance Array (EA) off the coast of Oregon and Washington, operated by Oregon State University,The Regional Cabled Array (RCA), a submarine cable network of sensors and instruments, operated and managed by the University of Washington,As well as the Cyber infrastructure, managed by Rutgers, The State University of New Jersey.After deploying a third party ROV for several years it was concluded that a dedicated underwater robotic vehicle
MacArtney Sponsors UK MATE ROV Team
ROV competition in the United States.MacArtney UK Ltd. has provided a range of underwater connectors to an inspiring student-led team from the University of Sheffield. Avalon Underwater Robotics is the first entry from England to qualify for the prestigious MATE ROV competition.Established in 2001 the Marine Advanced Technology Education (MATE) Center, working in partnership with the Marine Technology Society’s ROV Committee, created the MATE ROV competition. Seventeen years later, the competition is stronger than ever, and the student-led teams, faced with real-world problems to solve, must hone
Bluefin-9 Simplifies Underwater Planning & Monitoring
The Bluefin Operator Tool Suite is a comprehensive software package for underwater missions and is included with the purchase of a Bluefin-9 UUV. This Windows-based tool suite provides everything necessary to run and manage the system, including vehicle check-out and testing, mission planning, vehicle communications, mission monitoring and execution, data management, and post-mission analysis.Mission Planning & VerificationThe Bluefin Mission Planner graphical tool provides an intuitive interface to pre-plan your survey mission. Operators can specify safety settings, operational constraints
Sonar: Critical to Bridge Demolition, Recovery
What happens when a bridge or other structure is no longer in use and needs to be removed? There are several options, the most exciting of which is demolition.These jobs require caution and careful planning to guarantee safety and ensure that debris does not cause damage to the local waterways or roads. Four of the most common methods are bursting, hydraulic breakers, dismantling, and explosives.The Historic 1936 Highway 47 Bridge over the Missouri River was demolished this past spring. The old bridge was located 12’ from the new bridge that was built over the past several years. Being as close
TSR to Purchase New SAR Vessel
Treasure & Shipwreck Recovery announced that it has entered into an agreement for the purchase of a research and recovery vessel for its operations. The company expects to take delivery by August 15 and to begin operations shortly thereafter. The vessel is a significant addition to the company because it is already well outfitted with the necessary base equipment, has a range of 1,500 miles, and the ability to carry out the company’s operations, as planned by its COO, underwater archaeologist Dr. E. Lee Spence. For its overall size, range, and liveaboard capability, the vessel has a
Sea Machines to Demo Autonomy for MarAd
Sea Machines Robotics has been a progressive leader in advancing autonomy in the maritime space, and today it announced a deal with the U.S. Department of Transportation’s Maritime Administration (MarAd) to demonstrate the value of Sea Machines’ autonomous technology in marine oil-spill response ops. The scope of the deal has Sea Machines installing its SM300 autonomous-command system aboard a Marine Spill Response Corp. (MSRC)-owned MARCO skimming vessel and will train MSRC personnel to operate the system. Then, on August 21, Sea Machines and MSRC will execute simulated oil-spill
TechnipFMC Bags Seagull iEPCI Award
TechnipFMC announced on Monday it has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Neptune Energy for the Seagull project, located in the UK North Sea.The contract, which is said to be worth $75 million-$250 million, is the second call-off under the recently announced five-year strategic global alliance agreement between the two companies.Under the latest deal, TechnipFMC will manufacture, deliver and install subsea equipment including production and water wash pipelines, umbilicals, subsea structures and control systems, it said. The offshore
Oil Recovered from WWII Shipwreck
.A unified command consisting of the Coast Guard and New York State Department of Environmental Conservation oversaw the response supported by more than 100 government, industry and environmental specialists.As much as 99 percent of the recoverable oil was removed and secured for disposal by Resolve Marine. “The amount remaining in the vessel is very small and any sheening poses minimal risk to the local environment and no risk to the shoreline.” said Steve Lehmann, senior scientific coordinator at the National Oceanic and Atmospheric Administration. Any further potential environmental
RTSYS Debuts Micro-AUV NemoSens
French acoustics specialist RTSYS has launched its latest versatile micro autonomous underwater vehicle (AUV) NemoSens, designed to perform numerous civil applications such as seabed imagery, environmental monitoring or wreckage localization.Unveiled after years of development, the flexible new AUV is small (less than 1 meter long) and is easy to carry and launch (less than 20 pounds including payload). Micro-AUV NemoSens can host any kind of payload, be it a CTD probe, sidescan sonar or any other sensors. Thanks to an open LINUX architecture it can be programmed from a ROS or MOOS interface to
Buoy Data Helps Mariners to Weather Storms
on the NDBC website at https://www.ndbc.noaa.gov/.The buoys provide critical data to many stakeholders, including the National Centers for Environmental Prediction, emergency managers, public health officials, port and harbor authorities, commercial weather providers, and commercial and recreational mariners.In addition to Pool, the NDBC Coast Guard Liaison Office includes Chief Warrant Officer Kevin Kleisath, Chief Warrant Officer Anthony Cassisa, Chief Warrant Officer Dan Delaet and Chief Warrant Officer Eric Hopperdietzel. Retired Coast Guard Chief Warrant Officer Tim Martin is an honorary member
PGS Calls off Debt Refinancing, Shares Fall
PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment towards the oilfield services sector over the past weeks, sending the Norwegian company's shares down 24%.Oslo-listed PGS, which owns a fleet of seismic vessels that scan the seabed for buried hydrocarbons and sells the data to oil and gas explorers, had announced plans on May 27 to raise debt of $675 million as part of a refinancing.Brent crude oil prices have fallen by more than 10% since the company announced its refinancing plans."We see that the investor
Flowline Specialists Names Whittingham CEO
Scotland-based energy equipment manufacturer and service provider Flowline Specialists announced changes to its senior management team, including the appointments of Ross Whittingham as CEO and Graeme Chalmers as COO.Whittingham, who was previously the firm’s engineering manager, has been with Flowline Specialists for 10 years. The new CEO will lead Flowline Specialists alongside the firm’s existing senior management team, which includes group operations manager and now COO Chalmers – who is based in Dubai and leads the firm’s Middle East division Flowline Specialists DMCC
Robotics: The Next Gen in Subsea Vehicles
find their way to pre-programmed locations.At energy:connected, as the Oslo-based Subsea Valley cluster and annual conference is now called, some of these concepts were outlined, including those from two Norwegian technology firms and Germany’s Thyssenkrupp, a firm more used to designing naval submarine systems. uSEA unveils uLARSOne, Norwegian technology start-up uSEA, is proposing a hybrid system to disrupt existing manned vessel supported subsea operations via a subsea and surface drone combination.uSEA was founded in 2017 and since then it has been developing a surface drone, or unmanned
CGG Wins Johan Sverdrup Contract
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea, CGG announced on Tuesday.Managed out of CGG’s Oslo office and located inside Equinor’s offices in Stavanger, a dedicated team of CGG processing experts, working together with Equinor, will deliver time-lapse 4D images to the Johan Sverdrup asset team within days of acquisition. By analyzing these ‘snapshots’ of the reservoir during production, Equinor geoscientis
Kraken Sets Up Unmanned Vehicles Facility
Inc. said it has established a new facility in Dartmouth, Nova Scotia to field test and support its range of underwater robotic platforms and technologies.The new 4,000-square-foot Unmanned Maritime Vehicles Facility (UMVF) is located at the Center for Ocean Ventures and Entrepreneurship (COVE), a marine technologies innovation hub.Kraken said its Handling Systems Group has already moved into the new location and will continue to build the firm’s Tentacle Winch and Autonomous Launch and Recovery Systems there. The facility will also be used to field test and support Kraken’s various underwater
Wood Wins Jansz-lo Subsea Compression FEED
Wood announced on Wednesday that it has secured a contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.The project – the first outside of Norway to use subsea compression technology – will maintain gas supply to the existing onshore Gorgon liquefied natural gas (LNG) facility.Wood said it will lead as system integrator of the technology, providing independent flow assurance, subsea design and construction engineering support during the FEED. Effective
Pharos Adds Jet-Trenching ROV
Pharos Offshore Group said it recently expanded its portfolio of trenching assets with the state-of-the-art Q1000 jet-trenching remotely operated underwater vehicle (ROV) from manufacturer SMD.The latest addition to Pharos Offshore’s rental fleet, the Q1000 features a high-tech control and measurement system, sea-state 6 launch and recovery system (LARS) and a modular design which enables the Q1000 to be rapidly shipped, set-up and ready to operate anywhere in the world.The Q1000 is optimal for pre-lay or post-lay trenching operations of subsea pipelines, cables and umbilicals, with the advantageo
Increasing Global Demand for OSIL Sediment Grabs
International oceanographic equipment manufacturers Ocean Scientific International Ltd (OSIL) are reporting a surge in global demand for specialist sediment grabs, particularly the spring-activated Smith McIntyre grab.The Smith McIntyre grab provides more predictable penetration than other grab designs and uses an uncomplicated method of operation combined with a straightforward handling system.OSIL offer a superior range of efficient and high-quality smaller capacity benthic grabs, including the ubiquitous Van Veen grab (available in various sizes and bucket configurations), with recent shipments
Navy: $2.3B Deal for 12 Mine Hunting Ships
The Belgium Naval & Robotics consortium, composed of Naval Group and ECA Group, won the contract to supply 12 minehunting vessels to the Belgian and Dutch navies. Equipped with around 100 drones, constituting approximately 10 drone systems (toolboxes), six ships are destined for the Belgian Navy, while the other six will be delivered to the Dutch Navy.The 10-year contract is worth nearly $2.3B. After a three-year design phase, Belgium Naval & Robotics will launch the production phase of the ships and drone systems with a first delivery expected in 2024.The Belgium Naval & Robotics consortium
MarineNav ROVs for Marine Inspections
MarineNav, located in Montague, Prince Edward Island, Canada, has been showcasing its latest technologies and equipment serving defense, aquaculture, law enforcement and first responder needs in marine operations. The company’s offerings include marine-grade navigation components such as computers and displays; advanced vessel monitoring (AVM) and fleet management systems; and customizable industrial underwater remotely operated vehicles (ROVs).Interchangeable ROV componentsFor its ROVs, MarineNav has developed units that are designed to enable quick and easy exchange of interchangeable modular
Subsea 7 Raises Revenue Outlook
Subsea 7 posted first-quarter core profits below expectations on Thursday while adding that the offshore oilfield service provider's full-year revenue is no longer expected to decline."We are now guiding for 2019 Group revenue to be broadly in line with 2018," Chief Executive Jean Cahuzac said in a statement, adding that demand for equipment such as subsea umbilicals, risers and flowlines (SURF) was increasing."We continue to experience a gradual volume-led recovery in integrated and stand-alone SURF projects," Cahuzac said.Analysts in a Reuters poll had expected Subsea 7's
Survey Vessel Joins Hunt for Lost F-35
Japan expanded its search for a missing F-35 stealth fighter on with a maritime survey vessel joining a navy ship and a U.S. Navy salvage team is expected in the area in coming days, a Japanese air force spokesman said.Only small pieces of the Japanese Air Self Defense Force aircraft's tail have been found since the advanced jet disappeared from radar screens during an exercise with three other F-35s over the Pacific, near northwest Japan, on April 9."The plane and the pilot are still missing," the air force spokesman said. Investigators have been unable to unravel the fate of the
Salvors Survey Grande America Wreck
subsea search, inspection and operations on the wreck of the MV Grande America, which sank in the Bay of Biscay on March 12.Grande America capsized and sunk last month after its cargo of containers and vehicles caught fire during a voyage from Hamburg to Casablanca.Having entered into an agreement with marine services and salvage company Ardent, Ocean Infinity deployed its fleet of autonomous underwater vehicles (AUV) to locate the wreck. The firm then used its remotely operated underwater vehicles (ROV) to conduct a program of inspection and operations, in order to determine the state of the sunken container
Support Vessel Delivered to Oceaneering
Oceaneering International announced Monday that it has taken delivery of a newbuild subsea construction support vessel, Ocean Evolution, built by BAE Systems in the US.The US-flagged, Jones Act-compliant multi-service vessel (MSV) has completed sea trials and received all necessary ABS and U.S. Coast Guard certifications and is currently in Port Fourchon, La., completing final outfitting and preparing for project work scheduled to begin in June.Oceaneering said the vessel is designed to serve deepwater stimulation and intervention needs with its ABS Well Stimulation and Well Intervention (WS/WI) ready
Subsea Mining: The Next Big Thing for UUVs
Maritime after doing pipeline inspection work for oil company Equinor. In a press release, the Singapore-based outfit said it was now ready to “go beyond current industry needs”. In fact, early in 2018, Swire Seabed had begun the Norwegian government’s first commercial cruise to map marine mineral resources of copper, lead and silver on the Norwegian continental shelf (by AUV survey and ROV rock sampling). “This can become a new market for them (Swire Seabed) and possibly for the entire subsea industry,” a Norwegian taxpayer-funded incubator outfit said on its Web
New Subsea Wireless IP Camera Technology
Next generation subsea technology deployed for the first time in the North Sea has helped to improve safety and reduce costcfor an offshore oil and gas project, said Scotland based WFS Technologies.The firms's new cutting-edge computing and subsea wireless IP camera technology deployed on a pipeline construction project enhanced diver safety and generated significant cost savings by avoiding the need for additional subsea vessels, it said.The work was undertaken for a new subsea pipeline which was recently installed and was necessary to bypass a platform being decommissioned. As part of the final
Falcon ROV Helps Endangered Rockfish
Scientists at the Washington Department of Fish and Wildlife are undertaking an important conservation study into the threatened rockfish species using a Saab Seaeye Falcon underwater robotic vehicle.Senior Marine Fish Research Scientist, Dr. Dayv Lowry, explains that managing the conservation and recovery of rockfish populations in Washington’s Puget Sound, depends on the accurate monitoring of rockfish populations, depleted through overfishing and ecological degradation.“Of the tools we’ve tested, only the Falcon can find and measure the rockfish and other structure-associated
Falcon Helps Endangered Rockfish
in Washington’s Puget Sound were being fished to levels that threatened extinction.Now scientists at the Washington Department of Fish and Wildlife are undertaking an important conservation study into the threatened rockfish species using a Saab Seaeye Falcon underwater robotic vehicle.Senior Marine Fish Research Scientist, Dr. Dayv Lowry, explains that managing the conservation and recovery of rockfish populations in Washington’s Puget Sound, depends on the accurate monitoring of rockfish populations, depleted through overfishing and ecological degradation.“Of the tools we&rsquo
Hydramec Delivers ROV LARS to NZ Navy
Hydramec Offshore has completed the supply, integration and operational testing of a fully active heave compensated (AHC) launch and Recovery system (LARS) for a Saab Seaeye Cougar XT remotely operated underwater vehicle (ROV) to the New Zealand Navy.The New Zealand Navy having acquired Ostensjo’s EDDA FONN multipurpose vessel for conversion to a diving support vessel required an ROV to assist with Diving support and other operations.Ostensjo’s chose the Saab Seaeye Cougar XT ROV as it fulfilled all the requirements the NZ Navy were looking for.The Supply Brief for the LARS system was very
Unique Group Debuts New Survey USV
Unique Group, a provider of services and solutions for the offshore, subsea and life support industries, has designed and developed its first Unmanned Surface Vehicle (USV) called Uni-Cat.With proven hydrographic survey capabilities, the Uni-Cat can be used effectively for bathymetry survey offshore and in shallow waters, claimed a press release from the integrated subsea and offshore solution provider."It is ideal to be used in locations where conventional survey methods are not feasible," the release said.The Uni-Cat USV is purpose built with a long-lasting battery and the endurance
Underwater Metal Detectors Get the Job Done
a vessel and falls to the murky bottom below? Most of the time, the operator does not have the necessary tools to find the missing equipment and must hire an outside diving company to aid in the search. These companies utilize a varying degree of equipment from sonar systems to underwater metal detectors.Marine Diving Service, which provides marine diving services to customers on the east coast of the United States, utilizes JW Fishers’ Pulse 8X in its daily operations. Marine Diving Service's salvage track record includes everything from small objects to big vessels, and even a historic tug boat
Ecosse IP Trials Subsea Lifting Tech
Subsea technology developer Ecosse IP (EIP) demonstrated the capabilities of its Ambient Lifter subsea and decommissioning solution during a two-day industry showcase event held in Fraserburgh, Scotland this week.EIP welcomed representatives from across the industry, including the Oil and Gas Technology Center (OGTC), which is jointly funding the field trial in order to develop new solutions that will reduce subsea installation and decommissioning costs.Ambient Lifter was designed for the offshore sector, providing a cost-effective and viable solution for lifting subsea assets, EIP said. The system
Researchers to Monitor Disruptive US Gulf Current
A major $2 million scientific study led by the University of Rhode Island (URI)’s Graduate School of Oceanography will monitor disruptive ocean currents in the US Gulf of Mexico, with a long term goal to improve forecasts for safer offshore operations in the region.The Loop Current System (LCS) is the dominant ocean circulation feature in the Gulf of Mexico, influencing all ocean processes in the Gulf with implications for a wide range of human and natural activities, from oil exploration to coastal eco-systems. To date, knowledge of its underlying dynamics is limited.URI’s initial study
MacArtney Equips North Sea Cable Layer
the ASN Ile de Class cable laying vessel will facilitate the laying of seismic cables on the seabed of the Johan Castberg oilfield in the Barents Sea for Equinor’s new permanent reservoir monitoring system.MacArtney’s MERMAC R40 active heave compensated (AHC) winch purchased by Alcatel Submarine Networks (ASN), part of the Nokia Corporation, will be utilized aboard the vessel in the laying of seismic cabling and sensors that will be permanently deployed on the Barents’ seabed to enable more frequent and improved 4D seismic interpretation of the subsurface.The AHC works to reduce the
PSA Audits Xmas Tree for Snorre Expansion
Norway's offshore watchdog the Petroleum Safety Authority (PSA) said it has carried out an audit of Equinor and the fabrication of the subsea Christmas tree for the Snorre expansion project.The objective of the February audit was to ensure that fabrication of the subsea Christmas tree for the Snorre expansion project complied with the company’s own requirements and requirements in the regulations, PSA said. A sub-goal was to follow up how the project is undertaking its supervisory duty in respect of its supplier, TechnipFMC.PSA siad it did not identify any non-conformities during the audit
U.S. Navy Requests $205.6B in 2020
Fiscal Year 20 Budget request submitted to Congress is $205.6 billion, a 4.8% increase from the FY19 enacted budget. Specifics of the budget are focused on six specific dimensions:The FY20 budget requests funding for more ships – as the navy continues to progress toward a 355-ship fleet – submarines, aircraft and people, and highlights include: The budget provides for a deployable battle force of 301 ships in FY20 including 11 aircraft carriers and 10 big deck amphibious ships that serve as the foundation of our carrier strike groups and amphibious ready groups. This year’s budget request
Chevron to Use Subsea Compression at Jansz-Io
Aker Solutions announced Tuesday it has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field offshore Australia, marking the first time the technology will be used outside of Norway.Compression helps to maintain plateau gas production rates as reservoir pressure drops over time, but such compressors have typically been installed on platforms over sea level. Placing this equipment on the seabed and near the wellheads improves recovery rates and reduces capital and operating costs, Aker Solutions said.The first
Trump Requests $200.5 Mln for BSEE, $193.4 for BOEM
U.S. President Donald Trump's proposed fiscal year (FY) 2020 budget submitted to Congress on Monday includes $200.5 million for the Bureau of Safety and Environmental Enforcement (BSEE) and $193.4 million for the Bureau of Ocean Energy Management (BOEM), up from the respective $199.9 million and $179.3 million requests for FY 2019.The requested BSEE budget includes $129.9 million of appropriated funds and $70.6 million in offsetting collections of revenue from rental receipts, and cost recovery and inspection fees. This $70.6 million of revenue accounts for 35 percent of the requested budget.
Salvors Lift Norwegian Frigate
Salvors used a unique lift method that combined two heavy lift vessels and four cranes to raise a Norwegian frigate that had become partially submerged following a collision with an oil tanker off the coast of Norway in November.On November 8, 2018, Norwegian heavy frigate KNM Helge Ingstad collided with the tanker Sola TS near Bergen, and sank on the inclined slope of a fjord. The accident injured eight people and caused the temporary closure of the Sture Oil Terminal near Bergen and the nearby Kollsness gas-and-condensate terminal, as well as several offshore fields.
Kraken Receives $2.3 Mln from Ocean Infinity
Kraken Robotics Inc. announced Tuesday it has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants that had been issued in connection with the company’s private placement of units to Ocean Infinity in June 2018. The warrants expire in June 2021 and had an exercise price of $0.40.Karl Kenny, Kraken's President & CEO said, "We are pleased with the exercise of these warrants by Ocean Infinity and the confidence they are showing in our strategic direction. We recently completed factory acceptance tests (FAT) at our German facility on the first battery units
BP Partners with Enpro on FAM Technology
BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks.Enpro said its patented FAM technology supplied to BP on the Kepler K3 project in the Gulf of Mexico to enable project specific technologies to be seamlessly added to BP’s standard subsea trees and manifolds. According to Enpro, this helped to reduce project costs and schedule, to support BP in achieving sanction to first oil in less than 12 months.The FAM technology
Planet Ocean, EOM Offshore Sign Agreement
EOM Offshore’s specialized mooring equipment to its portfolio will strengthen the company’s capabilities.EOM Offshore is a Woods Hole Oceanographic Institution (WHOI) spin-off that was established to commercialize its patented Stretch EM Cable, along with its Electromechanical Chain and its Marine Recovery Systems. The Stretch EM Cable solves many problems commonly associated with traditional catenary mooring systems, and it provides an ideal platform for real-time acoustic monitoring, due to its ability to isolate ambient noise from acoustic sensors that are on the mooring.
R/V Bob and Betty Beyster: New CAT For Scripps
The Research Vessel Bob and Betty Beyster is a purpose-built coastal research vessel designed for efficient operations offshore Southern California and throughout the Channel Islands. Based at the Scripps Nimitz Marine Facility and operated as a shared-use facility, Bob and Betty Beyster provides scientists, students and engineers a capable, safe and economical platform for research and teaching.R/V Bob and Betty Beyster is a 42-foot scientific workboat with a range of 500 nautical miles, a cruising speed better than 25 knots, and a capacity for six scientists and a boat operator. The vessel has
Subsea 7 Profit Beats Forecast
Subsea 7 posted higher-than-expected fourth-quarter profits on Thursday and announced a special dividend payment as well as an extension of its share buybacks.The Oslo-listed offshore services provider's adjusted earnings before interest, tax, depreciation and amortization fell 7.4 percent year-on-year to $163 million, while analysts in a Reuters poll on average predicted a $146 million profit."A new two-year $200 million share repurchase program has been announced, enabled by our strong financial and liquidity position and improving market outlook," Subsea 7 said in a statement.Pending
Enhanced Seismic Monitoring at Johan Sverdrup
through the water column from the seabed to the sea surface as well as the pressure (depth) at the seabed. This data is then used to calculate a continuous time history of average water velocity and tidal variation throughout the whole water column.While PIES instruments are already very widely used in marine seismic survey operations, this will be only the second time where PIES units are hardwired into topside power and communication infrastructure, which means Equinor will have instant and continuous access to its data. Conventionally, PIES data is collected acoustically by a passing surface vessel
Fugro Sees Margin Improvement in 2019
Dutch deep-sea prospector Fugro reported on Monday a 19.2 percent rise in full-year 2018 revenue to 1.65 billion euros ($1.87 billion), helped by growth across all divisions.The company met its 2018 revenue and EBIT (earnings before interest and tax) margin targets, however it failed to deliver positive cash flow from operating activities after investments."Excluding the impact of increased working capital, cash flow was break-even, a significant improvement compared to 2017," the company said in a statement."We have benefited from the gradual recovery of the oil and gas market and the
N-Sea Scores North Sea Contracts
UK and Netherlands-based subsea provider N-Sea said it has been awarded two multimillion dollar contracts for a pair of unnamed operators in the North Sea.Managed and supported by N-Sea’s Aberdeen base, the first is a three-year contract, awarded by an international operator. According to N-Sea, the workscope will take place across a number of the operator’s UK North Sea assets and includes air diving inspection, repair and maintenance, in addition to light construction requirements from its diving support vessels and dive daughter craft. Additionally, and following an initial
Offshore ROV Market: $330m by 2025
ROV in the regions of North America and Europe that is expected to drive the market for more advanced offshore ROV, said a report from QY Research. Increasing of underwater fields expenditures, recovery of oil & gas industry, launches in introducing new products, increasing of spending on marine work, retrofitting and renovation of old technology, increasing adoption of offshore ROV will drive global market growth.The consumption volume of offshore ROV is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years
ArgoX90: Rocket Recovery Boat
Parker Shinn and Morrelli & Melvin introduce the ArgoX90, a unique concept designed to significantly reduce space launch and rocket component recovery costs.Rocket reusability has become the space industry’s focus to reduce cost. While SpaceX has landed boosters on drone ships hundreds of miles out to sea, expensive parts of a rocket have still proven unrecoverable. The ArgoX90 may change that.“A boat like this could lower launch costs by 10% in some cases,” said Shinn, who conceived of the original concept. “Not only could it catch fairings (the top of a rocket that houses
Aker Solutions Revenues Up 8%
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results, executives credit an improving market in step with its own “investments in
Nuclear-enabled ROV for Sellafield
Sellafield selected a Saab Seaeye Tiger robotic vehicle to work in one of the most hazardous environments on the planet.The announcement came after the Tiger had worked consistently in the highly-corrosive conditions for nine months, during which time it only needed to pause for routine maintenance. Sellafield has now ordered four Tigers for this extremely challenging role.Specially adapted for the role by Saab Seaeye engineers in collaboration with Sellafield engineers, when applied to nuclear waste, the Tiger’s durability means that there is limited need for intervention by operators for
Enpro Testing New FIS Technology
Aberdeen-based production optimization specialist Enpro Subsea announced that the £1.5 million investment project in its Flow Intervention Services (FIS) technology, which included a £755,000 research and development grant from Scottish Enterprise, has started onshore testing ahead of planned subsea field trials later this year.The company had previously developed a lower pressure (10kpsi) version of their tool and this investment has allowed them to develop the higher rated (15kpsi) version, extending its operating capabilities to support high pressure wells, common in Gulf of Mexico.
