Tech in Focus: MiniSpector's Mini-ROV System
MCS Group’s 10 MiniSpector Mini-ROV systems successfully completed subsea inspection and survey projects across Southeast Asia, the Middle East, and North Africa in 2024.In 2024, the MiniSpector fleet carried out platform-based inspections on 19 platforms, deployed directly from platform facilities in Malaysia, Egypt, and Qatar, with inspections in Qatar focusing on flare platforms without requiring shutdowns.Showcasing its innovative capabilities, the MiniSpector completed a 40-day high-pressure water jet cleaning project in the Red Sea for a major Middle Eastern client.Operating at 1200 bar
Expro Acquires Drilling Tools and Wellbore Services Firm Coretrax
was comprised of $75 million of cash and 6.75 million newly issued Expro common shares. The effective date of closing was May 1, 2024, Expro said."Integrating Coretrax’s leading technologies will strengthen our current foothold in the Europe and Sub-Saharan Africa and Middle East and North Africa regions and is expected to open new avenues for growth in North and Latin America and Asia-Pacific.“We look forward to leveraging the complementary capabilities and customer relationships of Expro and Coretrax to deliver additional value to our customers and other stakeholders,” said
Expro Bolsters Well Construction and Intervention Offer with Coretrax Buy
to occur in the second quarter of 2024. The acquisition of Coretrax will enable Expro to expand its portfolio of technology-enabled well construction and well intervention and integrity solutions, particularly across the North and Latin America, Europe and Sub-Saharan Africa and Middle East and North Africa regions.Building on Coretrax’s successful 15-year history, the acquisition will accelerate the availability of the company’s high value-adding tools by leveraging Expro’s global operating footprint. Within well construction, the combination of Coretrax’s technology
KATFISH Towed Sonar find niche in Defense, Offshore Energy
, be they subsea pipelines or multi-billion-dollar navy ships. The majority of mine-hunting vessels in service today are rapidly reaching end-of-life or becoming obsolete. Industry data highlights that of the more than 300 mine-hunting vessels in service in Europe, Asia-Pacific and the Middle East/North Africa, 70%+ are over 20 years old. In North America, the mine hunting fleet faces similar challenges. Most navies around the world are moving ahead or planning to move ahead with major technology renewals or replacements. With this industry upgrade cycle in progress, Kraken is well positioned to provide
Proserv Acquires Dron & Dickson's Abu Dhabi Business
Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment."The deal reinforces and expands the breadth of offering and capability that Proserv delivers in the Middle East and North Africa, where it has multiple sites including in Abu Dhabi, Dubai, Doha and Dammam," Proserv said.DDEC provides electrical engineering services and Ex certified equipment (suitable for use in potentially explosive atmospheres). These products include in-house assembled Atex/IECEx approved junction
Polarcus Signs MOU with ARGAS
Marine geophysical company Polarcus said it has signed a Memorandum of Understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the Middle East and NOrth Africa (MENA) region.Polarcus provides global marine seismic acquisition capabilities and cloud-based Priority Processing services. ARGAS provides regional expertise in land, transition zone and shallow water seismic data acquisition and associated data processing. Together, the firms will work to identify opportunities and execute projects in the MENA region.“Leveraging the core strengths and
NATO Uses IoT to Study the Oceans
, simplex transponder and motion sensor.NATO STO CMRE is conducting several studies in parallel. One, sponsored by the U.S. Office of Naval Research, is using SPOT Trace-equipped drifters to conduct oceanographic studies in the Alboran Sea in the Mediterranean, between the Iberian Peninsula and North Africa.In addition, CMRE’s own studies of drift movement in the seas of the Arctic will see buoys deployed in the Barents Sea, and further into Arctic waters, in Summer 2019.“The maritime areas in the High North are the new frontier for oceanographic study and more research is crucial. In
Ancient Shipwrecks Found in Greek Waters Tell Tale of Trade Routes
we now have a new story to tell of a navigational route that connected the ancient Mediterranean," Campbell told Reuters.The vessels and their contents paint a picture of ships carrying goods on routes from the Black Sea, Greece, Asia Minor, Italy, Spain, Sicily, Cyprus, the Levant, Egypt and north Africa.The team has raised more than 300 antiquities from the shipwrecks, particularly amphorae, giving archaeologists rare insight into where goods were being transported around the Mediterranean."Ninety percent of the shipwrecks that we found in the Fournoi archipelago carried a cargo of amphorae
CGG Names Baidoukov CFO
Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company. Prior to this, he was CFO of Maersk Oil US, and Group CFO of Integra Group, a CIS oilfield services company. Baidoukov spent 10 years of his career at Schlumberger in finance positions at the corporate and regional levels.Baidoukov holds an MBA degree from TRIUM Global
February 2025
