Offshore Oil News

(Image: Aker Solutions)

Aker Solutions Beats Forecasts

Aker Solutions beat second-quarter earnings on Wednesday citing demand from the offshore oil sector despite price pressure from ongoing high capacity.Service providers are slowly recovering from a 2014 slump in oil prices that prompted companies to curb offshore projects.Earnings before interest, tax, depreciation and amortization (EBITDA), excluding one-offs, rose to 629 million crowns ($73 million) from 441 million crowns a year earlier.That beat the 585 million crowns expected by four analysts in a Refinitiv poll."There is still a lot of capacity available in some areas, not all," Chief

(Photo: Andrew Edwards, Kraken Robotics)

Kraken's OceanVision Moving Ahead

allow for increased uptime and profits, Kraken said. Alan Clarke, CEO, Petroleum Research Newfoundland and Labrador (PRNL), said, “This project has the potential to significantly advance our capability to acquire high quality ocean information to support multiple ocean industries, including offshore oil and gas. We are excited to once again be working with Kraken, and now the Ocean Supercluster and other industry partners to realize the full potential of this project.”(Photo: Andrew Edwards, Kraken Robotics

(File image: TerraSond)

Acteon Acquires TerraSond

UK based subsea Services group Acteon announced it has completed its acquisition of marine geosciences survey company TerraSond.US-headquartered TerraSond is a multidisciplinary geospatial and geophysical business with global experience working for clients in industries such as offshore oil and gas, renewables and marine construction — from inland works to deep ocean seabed exploration and mapping projects.Richard Higham, Acteon’s Chief Executive, said, “The addition to the group of TerraSond, with its early-cycle capability, alongside the recently announced acquisition of Benthic

Saab Seaeye’s Sabertooth AUV (Photo from Saab Seaeye)

Seaspace Race Underway at Saab Subsea Docking Demo

A subsea space race is now officially underway in the offshore oil and gas industry following successful trials of docking and inspection operations using a commercially available underwater vehicle and Norwegian energy firm Equinor’s open-standard subsea docking station (SDS).The trials, witnessed by a crowd of leading players in the subsea resident remotely operated vehicle (ROV) or autonomous underwater vehicle (AUV) and hybrid space, were carried out in Lake Vattern, at Motala, Sweden on Tuesday.The SDS, the second built for Equinor, was transported to Saab Dynamic’s Sweden facility

Saab Seaeye’s Sabretooth it in its test tank (Photo: Saab Seaeye)

Saab Seaeye eRobotics Campaign Wins UTC Award

, sales director, for the Saab eRobotic Spring Campaign 2019, tonight at the Underwater Technology Conference annual dinner, held in Bergen.Siesjö has played a central role in the development of Saab Seaeye’s underwater robotics, including the development of a field resident system for offshore oil and gas fields, using the company’s 3,000-meter-rated Sabertooth autonomous underwater vehicle (AUV). Development of the concept dates back more than 10 years, to when Saab started investigating opportunities to work in the Norwegian market. Back then, the idea was ahead of its time.Now

© Arjen / Adobe Stock

Offshore AUV, ROV Market to Grow 18.2%

as versatility, simplicity in small ROV, low weight, reliability, low noise, and ease of packaging in comparison to mechanical propulsion systems, the report says.Geographically, the Middle East and Africa accounted for maximum share of 27% of global offshore AUV and ROV market, driven primarily by offshore oil and gas activities. Latin America is also expected to see strong growth, the report says. 

Aquanaut (Photo: Houston Mechatronics)

HMI to Develop AI-powered Subsea Manipulator Hands

hands for subsea manipulators, under a recent award from the Office of Naval Research (ONR).As technology matures, subsea systems such as autonomous underwater vehicles (AUV) and remotely operated underwater vehicles (ROV) are increasingly serving in more important roles for applications such as offshore oil and gas and underwater defense.However, despite many technological advances over recent years, robots in the ocean typically do not have the manipulation dexterity of their land-based counterparts and therefore are not capable of approaching human-level performance, HMI said.As part of an effort

(Image: TDI-Brooks)

Environmental Studies Wrap Up for Exxon Off Guyana

services company TDI-Brooks International said on Tuesday it has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana.The US supermajor is operator of several blocks offshore Guyana, including Canje, Kaieteur and Stabroek, which is classified as one of the most prolific offshore oil potentials in South America and is still growing in reservesIn April ExxonMobil announced its 13th discovery in the Stabroek block called the Yellowtail-1 well. The 26,800-square-kilometer field is estimated to hold more than 5.5 billion Boep/d, and is located about 120 miles offshore Georgetown

Eric Legendre (Photo: Aqueos Corporation)

Aqueos Names Legendre VP

, Trinidad/Tobago and West Africa."Aqueos Corporation, with offices in Texas, Louisiana and California, provides marine construction and specialty subsea services including a complete range of commercial diving, remotely operated vehicles (ROV’s) and vessel-related services primarily to the offshore oil and gas markets

Havila Harmony (Photo: OceanGate)

Vessel Chartered to Support Titanic Dive

and operational objectives of the mission, but it will also play a critical role in our ability to deliver an exceptional experience to our mission specialists, researchers and expedition crew.”Reach Subsea has a long history of providing quality solutions for deep-sea research and the offshore oil industry. The Norwegian company operates a fleet of 13 vessels specializing in providing world-class engineering and state of the art remotely operated underwater vessels.“Reach Subsea is pleased to support the 2019 Titanic Survey Expedition. We believe that our global experience in multi-purpose

Fibron held a new branding launch event at the Karbach Brewery Houston during the week of OTC. Pictured, left to right: Pat Herbert, Investor / Advisor; Bruno Cianfini, Managing Director; Dale Hislop, Sales Director; Patrick Kearney, Technical Director; and Marco Cano, Sales Manager – Americas. (Photo: Fibron)

Fibron Gets a New Start

;We and our new owners, Rubicon Partners, welcome this refreshing new start to the business, remain committed to continuing to serve our client base and see positive improvements all around on the horizon. It’s all very exciting.”Fibron is a global supplier of subsea umbilicals to the offshore oil and gas, remotely operated vehicles (ROV), geophysical, diving, defense and oceanographic markets. The company, which designs, engineers and manufacturers umbilicals for safety- and process- critical applications around the world, was acquired by Actuant Corporation in 2008 before being acquired

Marine Technology Magazine Cover Jun 2019 - Hydrographic Survey: Single & Multibeam Sonar

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.

Subscribe
Marine Technology ENews subscription

Marine Technology ENews is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for MTR E-news