Oil And Gas News

Barry MacLeod has been named CEO of the newly rebranded Rever Offshore (Photo: Rever Offshore)

Rever Offshore Names MacLeod CEO

as board director of the company. His roles within Rever have included operations director, asset management director and – latterly – managing director; a post he has held for the past five years.MacLeod has extensive engineering and project management experience within the wider oil and gas industry, having delivered projects across the North Sea, Canada and West Africa with subsea contractors and consultancies.Rever Offshore, formerly known as Bibby Offshore, completed a full rebrand in January of this year following the transition to new ownership

(Photo: Airborne Oil & Gas)

Aker Solutions Buys Stake in Airborne

, and the addition of Aker Solutions is significant as there are several areas where we can optimize the benefits of TCP to offer the sector an enhanced range of integrated products, including subsea production solutions.”Aker Solutions has an extensive track record in developing offshore oil and gas fields with capabilities in front end engineering design (FEED) and subsea production systems. The collaboration will see the firm utilizing TCP to improve field development economics globally.“We also look forward to working closely with Aker Solutions to explore synergies for collaborative

(Photo: OPT)

OPT Inks Deal with US Operator

Ocean energy solutions developer Ocean Power Technologies (OPT) said it has signed a master service contract governing work with an unnamed offshore oil and gas operator within the U.S. and the U.S. outer continental shelf, including the provision of goods and services.OPT president and CEO George H. Kirby said, “This contract is the first with a U.S. oil and gas operator, opening the door for OPT to provide solutions into the Gulf of Mexico where we believe there exists significant need for cost-effective remote offshore power and communications.”OPT's PowerBuoy and subsea battery

BSEE inspectors monitor a pressure gauge held by an oil worker during a pressure test of temporary equipment on a deepwater facility in the Gulf of Mexico (Photo: BSEE)

Trump Requests $200.5 Mln for BSEE, $193.4 for BOEM

of industry group National Ocean Industries Association (NOIA), said the proposed budget includes “some very positive signs for the offshore energy industry,” Luthi said some of the positive signs include increased or continued funding for the safe and responsible development of offshore oil, natural gas and wind, scientific research to inform energy development and exploration, streamlined permitting processes and offshore revenue sharing with states.“However, some of the budget recommendations should be rejected by Congress,” Luthi said. “One example is expanding offshore

Moray Melhuish who joins WFS Technologies as commercial director (Photo: WFS Technologies)

Melhuish Joins WFS Technologies

. From here, he went on to become commercial director of the company’s defense prime contractor, Score Marine, which he founded.With around 350 patents, WFS provides innovations in subsea wireless automation, the Subsea Internet of Things (SloT) and subsea cloud computing networks (SCCNs) for oil and gas operators and offshore wind developers around the world.The Livingston, Scotland, headquartered company is actively planning to establish a research and development hub in Edinburgh, which will become home to its leadership and technology team spanning a range of disciplines including mechanical

(Photo: Subsea 7)

Subsea 7 Wins Three Woodside Contracts

Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded since December 2018 are for engineering studies related to the SNE Field Development-Phase 1 offshore Senegal, as well as the Scarborough Project and Julimar Development Phase 2, both offshore Australia. The contracts include options for Woodside to proceed to the execute phase with engineering, procurement, construction and installation (EPCI) contracts.

Kraken president and CEO Karl Kenny (Photo: Eric Haun)

Kraken Debuts New Synthetic Aperture Sonar

in real-time. The length of the MINSAS-240 receiver array allows for true full-aperture SAS processing even at tow speeds up to 20 knots without switching to a lower resolution imaging mode at high speed."For demanding subsea survey missions in mine countermeasures, infrastructure monitoring and oil and gas exploration, time is of the essence," Kenny said. "The sensor that gets the job done most effectively is one that combines ultra-high resolution imagery with an extremely high area coverage rate."

Sonardyne’s Sentry IMS in the US Gulf of Mexico (Photo: Sonardyne)

Leak Detection Sonar Deployed in the US Gulf

, has been deployed on the seafloor at more than 2,000 meters water depth. The ROV-deployable Sentry IMS,  which features a titanium housing and can be installed short-term or permanently, is able to detect, classify and localize subsea releases of hydrocarbons from either the seafloor or oil and gas field production infrastructure, its developer said.In this latest deployment, Sentry is being deployed under a six-month trial that will demonstrate its ability to provide real-time subsea asset monitoring. The Sentry sonar head, which is mounted on a seafloor lander, is connected into an existing

(Image: Ineos)

Ineos to Upgrade Forties Pipeline

Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea.Ineos said it would invest 500 million pounds on overhauling its ageing Forties pipeline, which has been in service since 1975 and can carry up to 600,000 barrels per day (bpd) of oil.Founder and chairman Ratcliffe, Britain's richest man, said the investment underscored the company's commitment to its UK-based businesses."Ineos is a

Iain Smith, Proserv’s president, Subsea Controls (Photo: Proserv)

Subsea Supply Chain Tightening -Proserv

As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have outlined that more final investment decisions (FIDs) are now being made in the upstream industry. Rystad Energy presently predicts almost $30 billion of extra capital expenditure in the E&P subsea segment across the next six years, as areas such as South America, Europe, the Gulf of Mexico and West Africa experience increased spending.Notably, Rystad also

Fugro CEO Mark Heine (Photo: Fugro)

Fugro Sees Margin Improvement in 2019

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 ongoing expansion of offshore wind," added CEO Mark Heine.As offshore wind, oil and gas and infrastructure markets continue to grow, the company expects positive cash flow from operating activities after investments in 2019.For 2019, Fugro also sees continued revenue growth

Marine Technology Reporter published a supplement to celebrate the 50th anniversary of Oceanology International. Photo: MTR

Oi: Tracking 50 Years of Ocean Innovation

foot on the moon.More crucially, to the emergent underwater oceanographic and hydronautical world, the excitement that had been building over the past decade about what exploration of the deep could offer, through the likes of Jacques Cousteau, was starting to be applied in a new industry, North Sea oil and gas exploration. The possibilities of new industries such as deepsea mining and seafloor habitation were also being discussed.Mid-century saw the first gas discovery in the North Sea, followed, a year later, in 1966, by the founding of the Society of Underwater Technology. An industry was born. Just

Boskalis Acquires Horizon

year 2018/2019 is expected to exceed $100 million.Horizon was established in 2004 and is located in Sharjah in the UAE. Its activities are largely based in the Arabian Gulf and the Red Sea with clients ranging from national oil companies as well as reputable international EPCI contractors to the oil and gas industry

Map: Rystad Energy

Exploration Comes-back with a Bang

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.The energy research and business intelligence company said in a press release that improved market conditions and lower well costs have led E&P players to ramp up their 2019 exploration activities in all parts of the world, but driven in particular by rising investments in South America and Africa.“Renewed optimism in exploration activities is anticipated in 2019, with operators

“We are moving autonomous technologies into vehicles that have always been "remotely operated" or even manned to realize more efficiency and capability.  We are really blurring the lines between "ROV" and "AUV" and minimizing the technical difference between manned and unmanned. ”
Ben Kinnaman, CEO, Greensea Systems, Inc."

Subsea: The Future of Unmanned Vehicles

is no ‘silver bullet,’ no ‘one-size-fits-all’ solution. “The various different market segments have some quite specific needs and environments to consider. For example, the high current shallow water nature of renewables installation and IRM work differs from deep water oil and gas construction and intervention applications. Also, nuclear decommissioning activities demand different tasks to be completed, compared to aquaculture or marine science applications - and of course their environments are very different. The market demands a wide range of platforms and a high degree

Image: DNV GL

Offshore Pipeline Market to Grow 6.5%

, at a CAGR of 6.54%, from 2018 to 2023.Increasing demand for safe, economical, and reliable connectivity expected to drive the overall offshore pipeline market, said a market research report by Reportbuyer."The offshore pipeline market is driven by various factors, such as increasing demand for crude oil & natural gas. However, growing demand for refined products can hinder the growth of the offshore pipeline market," it said.The greater than 24" segment is the fastest growing segment in the offshore pipeline market.The European region is expected to have planned projects for the offshore

Photo courtesy of SEAmagine Hydrospace Corporation

Subsea Electrification: Subsea Power Evolves

result in lighter units in the water. Remotely operated vehicle (ROV) teams require electric-powered manipulators, high voltage and high power, and light batteries.Desires for manned underwater vehicles (MUVs) include safe operations, deeper dives, longer observation times, and lighter units. The oil and gas industry at large demands electronic control, electrical drives, precision and condition based monitoring feedback, and long-life sensors and monitors for their deepwater systems.In short, innovative subsea applications are getting smarter and going untethered…and untethered subsea operations

Marine Technology Magazine Cover Mar 2019 - Oceanographic Instrumentation: Measurement, Process & Analysis

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