Editorial : Inside the Power of Newfoundland & Labrador
Earlier this year I was invited to St. John’s, Newfoundland & Labrador, to discover how the cumulative maritime, offshore energy and subsea industries have developed. I have a fairly long, nearly 20-year relationship traveling north of New York City, up the Atlantic coast of North America to its easternmost point and finding what is arguably one of the nicest, one of the heartiest and one of the most innovative populations per capita in the world.It had been many years since I last made the trek to St. John’s – but to be fair the Covid years put a hold on many trips –
TGS Licenses Imaging Software to Shell, Secures OBN Contract in North America
Norwegian seismic company TGS has signed a global multi-year agreement with Shell to license the TGS Imaging AnyWare software suite, announcing also it has secured another contract for the Ocean Bottom Node (OBN) data acquisition work in North America.The agreement with Shell provides opportunities for strategic collaboration and underscores the company’s commitment to harnessing advanced technology to elevate data processing and analytical capabilities for its clients.Through the agreement, Shell will migrate from their current in-house software to Imaging AnyWare."We are pleased to
Blue Armada Robotics Buys HydroSurv USV, More Orders Coming
Blue Armada Robotics has acquired its first USV, a REAV-60 from HydroSurv, marking a move to capture the uncrewed marine data collection market in the Baltic Sea, with further aims to address emerging opportunities in North America and Asia.The decision to select the REAV-60 came after a demonstration at Ocean Business in 2023. “I attended Ocean Business to find a proper USV that would suit our specific requirements, but after leaving the exhibitor’s hall without seeing exactly what I was after, I saw a REAV-60 on the water, owned and operated by a third party," said Michal Latacz
Prysmian Buys US Wire and Cable Manufacturer
Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash.The acquisition will strengthen Prysmian’s leadership position in North America, as it will benefit from enhanced cross-selling opportunities, as well as the efficiency and innovation within Encore Wire’s production, distribution process and service levels.The transaction also strengthens the weight of the North American business in Prysmian&
Silicon Sensing Establishes US Office
requirements for a new generation of applications, the company said.“We expect our next generation of products, currently in development, to take micro-electro-mechanical systems (MEMS) inertial performance to new levels, redefining what this technology is capable of. This vital new presence in North America will ensure we are prepared with effective, responsive in-region support,” Somerville said.The new office will be situated in Lake Mary, Fla. and will support personnel covering all U.S. time zones, with direct access also available for customers in South America and Canada.Swain said,
Norwegian Seismic Firm to Collect OBN Data in North America
TGS has secured an ocean bottom node (OBN) data acquisition contract in North America.This six-month-plus contract, granted by a returning client whose name was not disclosed, reinforces TGS' position in the market and underscores its commitment to delivering high-quality seismic data solutions.The project is expected to enhance the client's seismic data acquisition capabilities, facilitating more informed decision making."This initiative demonstrates the vital role that OBN acquisition plays in providing our clients with superior seismic data. We are pleased to continue our efforts in
CalWave to Provide Wave Energy Tech for British Columbia Project
the technology provider for a wave energy project at Yuquot in British Columbia, with the Mowachaht/Muchalaht First Nation (MMFN).As a ‘first-of-a-kind’ (FOAK) wave energy project for coastal community microgrids, the MMFN project may serve as a blueprint for coastal communities along the North American Pacific Coast and around the world.The project is currently in a feasibility and design phase to gather all the necessary information for the MMFN to make an informed decision on full project buildout.Located on Nootka Island, just off the west coast of Vancouver Island, Yuquot is the traditional
UCO Grows Saab Seaeye Falcon ROV Fleet
Aberdeen, Scotland-headquartered company, a provider of underwater services to the offshore energy, inspection, construction, and aquaculture markets, has expanded its fleet in response to major new multi-year contract wins across all sectors which will see it provide a range of services in Europe, North America and the Middle East.In addition, UCO has made significant investment in additional equipment and now holds a stock of £250,000 dedicated Saab Seaeye Falcon spares and more than £350,000 worth of auxiliary equipment ranging from manipulators to station holding and everything in between
Floating Production – A Growing Segment in Transition
35% of global installations.The third most active floating production region from 2024-2030 is forecast to be Asia Pacific. Over 60% of the activity in the region is anticipated to come from FPSOs, with FLNGs and FPUs each accounting for around 20% of the units.Over 80% of the activity forecast for North America will be located in the U.S and Mexican Gulf of Mexico. The region will be home to the largest number of FPUs, accounting for close to half of our global forecast.A Segment in TransitionWe are noting a transition in the business models of many floating production system owners. Changes include
