Aker Solutions, SLB, and Subsea 7 Create Subsea Joint Venture
industry step change that will benefit our customers and employees while significantly increasing shareholder value. For Aker Solutions, today also marks a defining moment in our strategy. We have transitioned from having a stand-alone subsea business to becoming a proud co-owner of a world-leading subsea company,” said Kjetel Digre, Chief Executive Officer of Aker Solutions.Mads Hjelmeland, a Norwegian national previously SLB’s Director of Subsea Production Systems, has been appointed Chief Executive Officer of OneSubsea. "OneSubsea’s extensive technology portfolio and engineering
Ocean Installer Gets Two SURF Contracts From Statoil
Norway's Ocean Installer has secured two subsea umbilicals, risers and flowlines (SURF) contracts with Statoil for work on several fields offshore Norway. The subsea company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields, said a press statement. The first contract is for Subsea Lines Modification (SLM) work, with offshore activities containing complex riser change-out operations, set to commence in Q2 of 2018. "We continue to build on the excellent working relationship we
Rovco Wins Gwynt y Môr Windfarm Contract
Rovco has been awarded a three-year contract to support one of the world’s largest offshore wind farms, Gwynt y Môr, eight miles off the coast of North Wales in the U.K. The U.K. subsea company said it will provide its underwater ROV 3D visual survey solution, alongside traditional video, blueview sonar and cathodic protection analysis techniques. Gwynt y Môr consists of 160 turbines that generate enough energy for more than 400,000 homes across the country. It extends over an area of about 80km² and includes two offshore substations and 134kms of onshore
Rovco Joins NVIDIA Inception Program
UK-based subsea company Rovco has announced plans to take artificial intelligence (AI) to new depths after being selected to join the NVIDIA Inception Program. Designed to nurture start-ups that are revolutionizing industries with advances in AI and data science, the virtual incubator program supports members overcome critical stages of product development, prototyping, and deployment. Being selected by NVIDIA will see Rovco benefit from hardware grants, marketing support and training to aid the development of the firm’s range of underwater robotics and subsea inspection techniques.
Wallace Joins Rovco as CTO
U.K.-based subsea company Rovco has appointed Dr. Iain Wallace o its senior management team as chief technology officer (CTO). A former technical lead for the European Space Agency, Wallace will drive the development of a real-time 3D vision system for ROVs and AUVs. He will also explore how artificial intelligence can be used to solve asset integrity issues by extracting actionable information from traditional video survey data. As CTO, he will enhance Rovco’s underwater photogrammetric 3D modeling capabilities utilizing the latest simultaneous location and mapping (SLAM)
M² Subsea Appoints US GM, SVP Commercial
president of commercial as the firm embarks on the next stage of its growth strategy. Based in Houston, Paddy Hardey will be responsible for implementing the firm’s global commercial and contracting principals to ensure the strategic development and continued growth of the fledging subsea company. Overseeing the Woodlands, Texas, based US business and all commercial, tendering activity and contract negotiations across M² Subsea’s core business functions, Hardey will focus on the successful delivery of work for the firm’s key clients across the globe. His
Meet the UK’s Newest Underwater Robotics Company
New subsea company Rovco has officially launched September 5 with the announcement of its first U.K. contract. An independent company focused on underwater integrity, remotely operated vehicles (ROVs), surveying and subsea services for both oil and gas, and renewables, Rovco has secured a contract with a U.K. Marine Trust. Headquartered in Bristol, the new, privately funded organization aims to become a leading ROV and inspection company within the next three years, with expertise and capacity to carry out underwater inspection projects across the globe. The company is also about to
Nominations Open for Subsea UK Awards
Press release - Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognize companies and individuals who are leading the way in Britain’s successful £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, the most exciting new enterprise and an individual who has made the most outstanding contribution to the subsea industry. The awards will also recognize achievements and innovations in technology, sponsored by Simmons & Co International
New Subsea Company UIS Launched at OTC
A new subsea company was launched at OTC in Houston Monday. Underwater Integrity Solutions (UIS), headquartered in Houston, is an independent company focused on underwater integrity, production assurance and life extension for subsea fields. HitecVision, the leading European private equity oil and gas investor, has committed $150 million of equity to finance the build-up of the company. UIS has been established by five well-known subsea industry leaders with over 140 years’ combined global experience. UIS will acquire businesses, and form strategic partnerships, to build an independent
February 2024
