Subsea Equipment News

(Photo: Aker Solutions)

Aker Solutions Raises 2019 Forecasts

month said that it expects global offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV.Aker still faces fierce competition as industry overcapacity looms after years of restraint by oil companies after the 2014-16 oil price crash, with pricing for subsea equipment still under pressure."We expect markets to remain competitive in certain segments. But we still see prices improving long-term," Araujo said.The subsea equipment industry has reduced capacity in some particularly labor-intensive segments during the downturn, but Araujo said that overcapacit

A diamond wire saw, one of the new assets in Ashtead Technology’s fleet following its acquisition of Aqua-Tech Solutions (Photo: Ashtead Technology)

Ashtead Acquires Aqua-Tech Solutions

Ashtead Technology announced Wednesday it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions.According to Ashtead Technology, the combined business will offer clients in the Gulf of Mexico region a more robust and enhanced offering, allowing more timely and cost-effective access to the group’s full range of equipment and services from locations in Broussard and Houma, La.Ashtead Technology said the acquisition strengthens its remotely operated underwater vehicle (ROV) and mechanical tooling offering, broadening its survey sensor rental fleet.

(Photo: Marine Advanced Robotics)

New WAM-V Distributor for Australia

we are pleased to be represented by one of the premier suppliers of blue technology,” Gundersen said. “BlueZone Group has the experience and capability across multiple market segments we wanted in a partner, and we look forward to working with them.”BlueZone has been a supplier of subsea equipment and systems to industry, science and academia for more than 40 years. In that time the company has introduced a number of innovative technologies to the Australian market for customers in defense, offshore oil and gas, and oceanographic science

(Photo: Forum Subsea Technologies)

Forum Unveils eROV Simulator Training

to be trained in the use of the new console.The VMAX software is a 3D ROV simulation system which is predominantly used for the training and evaluation of ROV pilots. It can also be utilized by subsea engineering teams for modeling and verification of procedures involving intervention tasks for subsea equipment.The system provides a variety of ROV scenarios designed to test pilots’ skills such as tether management, manipulator control and tooling operation within realistic operational conditions.Andy McAra, VMAX product director, said, “Following the launch of the XLe Spirit vehicle last

Photo: MacArtney Group

MacArtney Unveils New Connectors

to fit where limited space is a factor, the manufacturer said.TrustLink MS connectors are available in several configurations and can range from 4 – 37 electrical contacts with male or female insert options available within the same metal shell housing, offering excellent flexibility to subsea equipment and system operators. Additionally, all metal parts are diamond polished providing an anti-seizing surface and a high-quality finish.All TrustLink MS connectors comply with the EN 60664-1 requirements for clearance and creepage distances and meet safety standards for a pollution degree 2 within

OPT, Acteon Exploring Joint Opportunites

.”OPT’s PowerBuoy products are power and communications platforms for remote offshore applications such as topside and subsea surveillance and monitoring during oil field decommissioning activities, autonomous vehicle charging, weather and ocean data collection, and providing power to subsea equipment. The PB3 PowerBuoy supports a suite of mission critical payloads, thereby lowering customers’ operational costs and enabling real-time data transfer and real-time decision making

(Image: Neptune Energy)

TechnipFMC Scores EPCI Work from Neptune

agreement with TechnipFMC for delivering subsea projects.The agreement will run for an initial period of five years with options to extend, and will cover the full project lifecycle from early concept work, through engineering, procurement, delivery of subsea production systems and installation of subsea equipment and infrastructure, and continues into life of field support.Mark Richardson, Vice-President Projects in Neptune Energy said, “The global alliance agreement establishes a long-term relationship, based on common goals, shared values and mutual trust, supported by a commercial model where

(Image: Equinor)

TechnipFMC Wins Johan Sverdrup 2 Contract

Subsea at TechnipFMC, said, “We have collaborated closely with Equinor establishing a Strategic Collaboration Agreement in 2018. This joint engagement is leading to further value creation for both of us and for Equinor’s Johan Sverdrup Phase 2 Development. It reaches beyond the supply of subsea equipment, now encompassing its installation.”The Johan Sverdrup development is one of the largest developments on the Norwegian continental shelf, with expected resources of between 2.1-3.1 billion barrels of oil equivalents, according to Equinor. The first phase, which establishes a four-platform

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

Subsea Supply Chain Tightening -Proserv

lead times lengthening.Proserv itself has seen increased orders for subsea tiebacks in recent months with contracts won from major oil companies in both the North Sea and the Gulf of Mexico, including from IOCs.Another consultancy Wood Mackenzie has estimated that the supply chain capacity for subsea equipment is 25 percent lower than it was before the oil price dip in 2014, while utilization has declined by around 40 percent in the intervening period.But the firm’s analysts nevertheless regard the subsea segment as more resilient than the rest of the offshore sector and predict healthy growth

(Image: Saab Seaeye)

OPT and Saab Seaeye Partner

system, providing remote charging capabilities for both autonomous and remotely operated vehicles. OPT’s PowerBuoy is a persistent power and communications platform for remote offshore applications such as autonomous vehicle charging, weather and ocean data collection, providing power to subsea equipment, and surveillance and monitoring of offshore operations both above and below the sea surface. The PB3 PowerBuoy supports a suite of mission critical payloads, lowering our customer’s operational costs and enabling real-time data transfer and real-time decision making.“We believe

Defender Stasis LT (Photo: USI)

New Fluid Helps Preserve Subsea Equipment

A newly introduced preservation fluid is designed to provide long-term protection for subsea equipment components and interface profiles.The environmentally friendly Defender Stasis LT from Universal Subsea Inc. (USI) is a lightweight, nontoxic, biodegradable preservation fluid that is compatible with all commonly used metals and nonmetallic materials in oilfield service.USI said it identified the need for the product during the development of its nonmetallic, low-pressure, subsea isolation cap product line. The company needed a lightweight preservation fluid for subsea wellheads and trees for long-term

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