Owned Subsidiary News

Hydroid’s REMUS autonomous underwater vehicle (Photo: Hydroid)

Huntington Ingalls Industries to Acquire Hydroid

.S. Navy, U.S. Coast Guard and other national security customers. The companies will also explore opportunities to market each other’s products to customers on a global scale and to collaborate to create innovative solutions and additional opportunities for growth.Kongsberg Maritime is a wholly owned subsidiary of KONGSBERG, an international, knowledge-based corporation headquartered in Norway. The group delivers advanced technology systems and solutions to clients within the defense and aerospace market and commercial maritime market.Hydroid is a field-proven technology leader in advanced marine robotics

Kraken President & CEO, Karl Kenny (Photo: Eric Haun)

Kraken Finalizes OceanVision Contract

Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador, Ocean Choice International and Nunavut Fisheries Association).OceanVision is a three-year, $18.8 million project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data analytics as a service business. Under the OceanVision project, Canada's Ocean Supercluster will provide an investment up to

Image: Kim Heng Offshore & Marine Holdings Limited.

Kim Heng Enters Taiwan’s OWP

Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into a Memorandum of Understanding (MoU) for offshore wind farm projects (OWP) in Taiwan.KHSE did not disclose the name of the other signatory.Singapore headquartered integrated offshore and marine value chain services provider said that its subsidiary and the unnamed subsea cable installer will collaborate with each other targeting the offshore wind farm cable-laying projects in Taiwan.Both companies have agreed to cooperate to pursue submarine cable-laying work for the Taiwan

Bogi Vang, Deputy Country Manager UK & Senior Financial Adviser at DNO North Sea and Phil Milton, CEO at Well-Safe Solutions (Photo: Well-Safe)

Well-Safe Scores DNO Decom Project

Well-Safe Solutions announced Tuesday it has been awarded a contract to decommission up to 21 wells on the Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited, a wholly owned subsidiary of DNO ASA.The Schooner and Ketch fields, located in the UK Southern North Sea, ceased production in August 2018, with 20 platform wells and a single subsea well. The project will start immediately with a plan to commence offshore operations at the end of 2019. The campaign is expected to last approximately two years.Well-Safe said it will be responsible for the delivery of key aspects of

(Photo: Rolf Skjong / Wintershall Dea)

Subsea Templates Installed on Nova Field

of these two templates marks an important milestone for our global operations and a signal of our ambition to invest capital and expertise in our core regions around the world.”Wintershall Dea holds a 45% share as Nova operator. Its partners in the project include Capricorn Norge AS (a fully owned subsidiary of Cairn Energy PLC) (20%), Spirit Energy Norge AS (20%) and Edison Norge AS (15%).The expected recoverable reserves from Nova are around 80 million barrels of oil equivalent (boe), of which the majority will be oil. The partnership is investing almost €1.1 billion ($1.2 billion) in the

Seagull fitted with KATFISH for remotely operated mine countermeasures and underwater surveillance
Photo: Kraken Robotics Inc.

Kraken Completes Sea Tests of KATFISH with Elbit Systems

Kraken Robotics' wholly owned subsidiary, Kraken Robotic Systems, has completed a series of successful sea tests of its KATFISH towed Synthetic Aperture Sonar system with Elbit Systems Ltd., a major international defense contractor based in Israel.Elbit Systems has developed a state-of-the-art Unmanned Surface Vehicle (USV) named “Seagull”. Seagull is a multi-mission USV platform boasting high autonomy levels and modular features, allowing it to be rapidly reconfigured for a wide array of missions – including anti-submarine warfare and mine countermeasures.“Elbit Systems&rsqu

© Graphithèque/AdobeStock

NATO Uses IoT to Study the Oceans

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar Inc., said that scientists from the NATO’s Science and Technology Organization (NATO STO) are deploying an IoT solution using SPOT Trace and Globalstar satellite communications to further their understanding of the world’s oceans.Research teams from the NATO STO Center for Maritime Research and Experimentation (CMRE), based in La Spezia, Italy, are embedding SPOT Trace devices in freely drifting buoys and setting them afloat in the Mediterranean and in Arctic waters to monitor surface drift behaviour. SPOT

Murphy Oil Closes Gulf of Mexico JV

Murphy Oil Corporation announced  that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint venture with Petrobras America (PAI), a subsidiary of Petrobras for net cash consideration of approximately $795 million.The transaction has an effective date of October 1, 2018, it added.Murphy’s

From left to right: director of marketing Giuseppe Di Stefano, Marty Klein, Governor Chris Sununu, and Frank Cobis. (Photo: Klein Marine Systems)

Governor Sununu Visits Klein Marine Systems

leadership while touring the facilities at Klein's Salem, N.H. headquarters.The company's origins stretch back to the 1960s when Marty Klein, who many consider to be the father of side scan sonar, began building his own devices from his home in Lexington, Mass.Today the firm is a wholly owned subsidiary of Mitcham Industries and is led by Frank Cobis, vice president and general manager

(Photo: Ørsted)

Ørsted Awards Jacket Foundation Contract

SDMS will supply 56 jacket foundations for Ørsted’s first 900MW Greater Changhua projects to be installed in 2021. The deal is reportedly Ørsted’s largest jacket foundation contract ever, as well as the largest of its kind in the global offshore wind industry.SDMS, a wholly-owned subsidiary of integrated steel maker China Steel Corporation (CSC), will extend its facilities in Sing Da Harbor in Kaohsiung specifically for the project and have the new factory operational in the first quarter of 2020.Matthias Bausenwein, Ørsted’s President for Asia Pacific, said, &ldquo

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