![“Our province has been shaped by the Atlantic Ocean. It can be extremely cold, extremely unforgiving. If it works here, it will work anywhere. The technology we [develop and] use here can be adapted to anywhere else in the world. We are adaptive, we're nimble, we're problem solvers. And at the end of the day, we are collaborative."
Minister Andrew Parsons, Industry, Energy & Technology, Newfoundland & Labrador, Canada. Photo courtesy the office of Minister Andrew Parsons](https://images.marinetechnologynews.com/images/maritime/w200h200padcanvas/province-been-shaped-153427.jpg)
NL Government Helps Power Regional Maritime, Offshore Energy, Subsea Tech Cluster
;s a big, big deal,” said Parsons. “In all, we have four developed oil fields: Hibernia, Terra Nova, White Rose and Hebron. Everybody's producing again this year, [and the output is] going to go back up,” helping Newfoundland & Labrador retain its spot as the number three oil and gas producer in the country behind Alberta and Saskatchewan.“Overall, our economy this year is expected to grow, the GDP growth is expected to be about 5% this year, which is certainly music to the ears of our finance minister, Siobhan Coady,” said Parsons.The Launch is a state-of-the-art living
Nauticus Robotics Streamlines Business Ops
changes, are excited about the year ahead,” said Gibson.Nauticus Robotics expects to be offshore certifying its new Aquanaut Mk2 vehicle beginning in early 2024, and, upon completion of the certification, anticipates transitioning to contracted operations at a deepwater field for a major oil and gas producer
James Fisher Wraps IRM Project for NEO Energy
James Fisher and Sons plc said its James Fisher Subtech (JF Subtech) arm has completed a subsea inspection, repair and maintenance (IRM) contract for North Sea oil and gas producer NEO Energy on its floating production storage and offloading (FPSO) vessel, Global Producer III (GPIII), located in the Balloch field in the Central North Sea.Utilizing its air diving and ROV expertise, JF Subtech helped ensure the FPSO’s thruster system’s continued operational capability and high performance to preserve safety and stability around the GPIII’s turret mooring system during ongoing production
Aker BP Q1 Swings to Record Operating Profit
Norway's Aker BP posted record first-quarter operating profit and revenue on higher prices and production on Wednesday as the independent oil and gas producer looks to approve several developments this year.Earnings before interests and tax (EBIT) of $591 million contrasted with a loss of $266 million a year earlier and was close to the $596 million expected by analysts in a Refinitiv poll."This is a strong quarter with good production and on-track oilfield developments, and the cash flow is record high," CEO Karl Johnny Hersvik told reporters."The cost measures we've been
ConocoPhillips Deploys 'Low-code' Tech to Boost Bottom Line
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on Tuesday.Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required."It can be used by a rig manager in the middle of the ocean to someone in HR," Jon Scolamiero, Mendix's manager of architecture and governance of product marketing, said.Low-code platforms are
IEV Wins Subsea Pipeline Inspection Gig in Malaysia
asset integrity services provider to the oil and gas industry, has won a contract to provide advanced inspection solutions for an oil company in Malaysia.Singapore-based IEV said Monday it had won the contract through its 49%-owned associate, IEV Malaysia.Under the contract awarded by an unnamed oil and gas producer IEV Malaysia will be providing an ultrasonic scanner technology deployed by a remotely operated vehicle (“ROV”) to inspect a subsea pipeline located at an offshore oil and gas field in Malaysia. he contract is estimated to have a contract value in excess of US$1.5 million
Woodside Backs Seismic Data Acquisition Company
Australian oil and gas producer Woodside said it has signed a Shareholders Agreement with Perth-based Blue Ocean Monitoring (BOM) to invest in seismic data acquisition company Blue Ocean Seismic Services (BOSS).BOSS is developing a solution that that aims to make ocean bottom seismic data acquisition cheaper and more accessible. The concept, jointly developed by Woodside and BOM, focuses on using autonomous underwater vehicles (AUV) in place of remotely operated underwater vehicles (ROV) to place nodes on the ocean floor that capture and record soundwaves. The BOSS-designed AUVs are small submarines
CNOOC Developing New Deep Sea Gas Block in South China Sea
China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year.CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.(Reporting
Shell Feeds Gas to Australia's New Prelude FLNG
data shows that the vessel left Prelude FLNG port on June 7."This will cool down the tanks and process equipment and pipework with gas and is an opportunity to test processes and systems before the subsea wells are opened at start-up," she said.Shell and Inpex Corp, Japan's biggest oil and gas producer, are vying for first gas from two overlapping fields from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.The Shell spokeswoman declined to comment on the estimated start-up
February 2025
