Oil And Gas Industry News

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U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices

putting employees on furlough.The hope is that President Donald Trump could negotiate with Saudi Arabia and Russia and convince them to match cuts with a similar cut in production in Texas, said Ryan Sitton, a commissioner with the Texas Railroad Commission, the body that regulates the state's oil and gas industry.Sitton said production limits could be implemented quickly, though no one who works at the agency was around the last time the state limited production, in the early 1970s."We need to take the time to hear from everybody," he said, adding that he was not yet advocating for the cuts

(Photo: Sandvik)

Sandvik Wins Mero Steel Tube Umbilical Order

, Total, Shell Brasil, CNPC and CNOOC Ltd.The first phase of the project - Mero 1 - is an ultra-deepwater project consisting of 17 wells in a water depth of approximately 2,000 meters.According to Sandvik, the stainless steel umbilical tube order contract is significant for the Brazilian offshore oil and gas industry, which typically uses thermoplastic hose umbilicals. The supplied solution will consist of more than 500 kilometers of Sandvik’s super duplex Sandvik SAF 2507 stainless steel umbilical tubes encapsulated by Prysmian Group.Sandvik SAF 2507 is an austenitic-ferritic stainless steel that

Image Credit: Enpro Subsea

Hunting Buys Enpro Subsea

a potential maximum earn-out of US$3.0m based on EBITDA performance in 2020.Founded in 2011, Enpro is being acquired from members of the Enpro management team and Energy Ventures Private Equity, Hunting said.Based in Aberdeen, UK, Enpro provides subsea production technology for the offshore oil and gas industry. The company’s technology has so far been deployed in the North Sea, the Gulf of Mexico and West Africa.“Enpro's business model is focused on technology and product development, with all manufacturing outsourced to third parties. It is the intention to bring much of this

L3 Harris UK’s C-Worker 7 working with an ROV off the UK’s south coast. Photos from L3 Harris UK.

Marine Autonomy Above & Below the Water

face the harsh conditions of the likes of the North Sea.Early adoptersFrench firm Marine Tech has been combining USV and ROV capabilities, with commercial success since 2017. Those behind the firm, which was founded in 2014, have been providing what they call remote surface vessels (RSVs) into the oil and gas industry since 2012, in marine survey operations in the Middle East.Marine Tech started investigating the possibility of adding ROV capabilities to its RSVs in 2016, through a project with Abu Dhabi’s National Petroleum Construction Company (NPCC) Survey & Diving team. NPCC wanted a solution

(Photo: Navalrocha)

Polarcus Seismic Vessel Refit Completed

our project. The scale of the yard means it does not manage multiple large projects at same time, which can be a shortfall in the case of larger yards.“The Polarcus Naila is the second vessel in the Polarcus fleet, purpose built for advanced 3D towed marine seismic services worldwide to the oil and gas industry. It is regarded as one of the world’s most environmentally friendly and technologically sophisticated marine seismic vessels, capable of towing up to 12 by 8,000-meter streamers.”(Photo: Navalrocha

Byron E. Vernicos Appointed as Ardent Rep

Byron E. Vernicos has been appointed exclusive Agent for Ardent for the Greek and Cypriot market.Ardent is a global specialist in emergency preparedness, emergency response, waste management, wreck removal, subsea services and decommissioning, servicing the marine and oil and gas industry. Byron E. Vernicos is a shipbroker who specializes in the offshore and maritime market since its establishment in 1978. Main focus areas are salvage, offshore vessels employment including deep sea towage and period charter, sale and purchase and other related activities. 

L3 Harris UK’s C-Worker 7 working with an ROV off the UK’s south coast. Photos from L3 Harris UK.

Hybrid Autonomous Systems Evolve

face the harsh conditions of the likes of the North Sea.Early adoptersFrench firm Marine Tech has been combining USV and ROV capabilities, with commercial success since 2017. Those behind the firm, which was founded in 2014, have been providing what they call remote surface vessels (RSVs) into the oil and gas industry since 2012, in marine survey operations in the Middle East.Marine Tech started investigating the possibility of adding ROV capabilities to its RSVs in 2016, through a project with Abu Dhabi’s National Petroleum Construction Company (NPCC) Survey & Diving team. NPCC wanted a solution

PSW Spoolbase, the image has been cropped. Source: PSW Group

PSW Takes Over EMAS Spoolbase In Norway

“With the spoolbase we are now doubling our area of operation and are aiming for the international market. We are already in dialogue with global companies who are investigating the possibility of using PSW Spoolbase versus new establishments in other regions”.Apart from the offshore oil and gas industry, PSW Group also plans to further develop the facilities to handle spooling and logistics for offshore power cables that are necessary for offshore wind projects, as the company is currently working on several prospects together with companies outside of Norway

Equinor's Oseberg field center (Photo: Ole Jørgen Bratland, Equinor)

Norway Plans North Sea Power Grid

Norwegian energy firm BKK announced plans to build an offshore power grid in the North Sea, in a more than $2 billion project to help the country's oil and gas industry cut greenhouse gas emissions.It will undertake the project with infrastructure company CapeOmega, which owns stakes in Norwegian gas pipelines and processing facilities.The project will supply electricity from onshore hydropower plants via a direct current (DC) cable and BKK said it would help to reduce the Norwegian oil and gas industry's carbon dioxide (CO2) emissions by at least 1.4 million tonnes a year, from 14 million

© glimpseofsweden / Adobe Stock

Protecting Subsea Cabling

The energy industry is changing. Renewables are on the rise and wind energy is becoming increasingly prevalent. In fact, Britain is set to increase the amount of energy produced from offshore wind farms from 7% to 30% over the next decade.However, offshore wind energy is completely reliant on subsea cabling to deliver power back to land and allow transmission between turbines. If these essential cables become damaged or start to malfunction, it could completely cease production — requiring expensive repair work.Threats to subsea cables are a huge risk to offshore wind farms, one that the renewable

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