Subsea

LiquidPower Specialty Products Inc. and Subsea 7 Acquire Interest in Safe Marine Transfer, LLC

Retrieved on: 
Thursday, July 29, 2021

(SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.

Key Points: 
  • (SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.
  • The introduction of DRA at the subsea well/drill center has the potential to significantly increase production in a cost-effective manner, by increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines.
  • Subsea 7, with its global fleet of marine equipment, marine support, manufacturing, and assembly sites offers an established global delivery team.
  • About LiquidPower Specialty Products Inc. (LSPI)
    LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction, with over 40 years of experience.

LiquidPower Specialty Products Inc. and Subsea 7 Acquire Interest in Safe Marine Transfer, LLC

Retrieved on: 
Wednesday, July 28, 2021

(SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.

Key Points: 
  • (SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.
  • The introduction of DRA at the subsea well/drill center has the potential to significantly increase production in a cost-effective manner, by increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines.
  • Subsea 7, with its global fleet of marine equipment, marine support, manufacturing, and assembly sites offers an established global delivery team.
  • About LiquidPower Specialty Products Inc. (LSPI)
    LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction, with over 40 years of experience.

Zayo Announces Deployment of New Subsea Cable With Next-Gen Technology on Key Pan-European Route

Retrieved on: 
Thursday, July 22, 2021

Zayo Group Holdings, a leading global provider of fibre-based communications solutions, today announced the deployment of a new diverse subsea cable route dubbed Zeus.

Key Points: 
  • Zayo Group Holdings, a leading global provider of fibre-based communications solutions, today announced the deployment of a new diverse subsea cable route dubbed Zeus.
  • The deployment of the subsea Zeus route demonstrates our commitment to expanding our network footprint in Europe while also providing high-quality, essential connections for customers between key global markets, said Jesper Aagaard, President of Zayo, Europe.
  • Zayo is using Hexatronics high-fibre-count cable for the project, which provides the latest generation of cable technology including high-capacity 192 fibre, 100% double armoured cable with increased crush resistance and ULL fibre technology.
  • Zayo is exploring additional new subsea routes to augment capacity on the Circe South route between the UK and France.

Kraken Signs Definitive Agreement to Acquire PanGeo and Announces Public Offering of Units

Retrieved on: 
Wednesday, July 21, 2021

ST. JOHN'S, NL, July 20, 2021 /CNW/ - Kraken Robotics Inc. ("Kraken" or the "Company") (TSXV: PNG) (OTCQB: KRKNF), Canada's Ocean Company, is pleased to announce that it has signed a definitive share purchase agreement (the "PanGeo Agreement") whereby Kraken Robotics Systems Inc., a wholly-owned subsidiary of Kraken, will acquire all of the issued share capital of PGH Capital Inc. ("PGH Capital") on substantially similar terms to those set out in the non-binding letter of intent dated April 8, 2021, and disclosed in the Company's press release dated April 9, 2021 (the "PanGeo Transaction"). PGH Capital operates its business through its subsidiaries, PanGeo Subsea Inc. and PanGeo Subsea Scotland Limited (collectively with PGH Capital, "PanGeo"). PanGeo is a private Canadian services company specializing in high-resolution 3D acoustic imaging solutions for the sub-seabed with offices in St. John's, Newfoundland and Aberdeen, United Kingdom. PanGeo's assets consist primarily of human capital, know-how and equipment comprised mostly of sub bottom imaging units and acoustic imaging units that are used to provide sub-seabed survey services.

Key Points: 
  • PGH Capital operates its business through its subsidiaries, PanGeo Subsea Inc. and PanGeo Subsea Scotland Limited (collectively with PGH Capital, "PanGeo").
  • The PanGeo Transaction is expected to occur within 30 days of execution of the PanGeo Agreement.
  • Moya Cahill, PanGeo's co-founder and CEO noted, "Kraken and PanGeo are world leaders in seabed and sub-seabed technology applications.
  • Our clients are looking to us to offer a broader service offering and a combined Kraken PanGeo will do just that.

EDP, TechnipFMC and Partners Join Forces to Develop a Concept Study for Green Hydrogen Production From Offshore Wind Power

Retrieved on: 
Monday, July 12, 2021

EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project.

Key Points: 
  • EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project.
  • The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast.
  • The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
  • TechnipFMC brings its extended history in subsea engineering, expertise developed on its Deep Purple green hydrogen project, and essential system integration abilities.

TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for Tullow’s Jubilee South East Development, Ghana

Retrieved on: 
Tuesday, July 6, 2021

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI) contract for the Jubilee South East development, located offshore Ghana.

Key Points: 
  • TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI) contract for the Jubilee South East development, located offshore Ghana.
  • It will be the companys first iEPCI project with Tullow Ghana Ltd.
    Jubilee South East is an extension to the Jubilee field.
  • Jonathan Landes, President, Subsea at TechnipFMC, commented, We are proud to continue supporting Tullow Ghana in the development of the Jubilee field.
  • We will continue to use our Subsea Studio digital solution to optimize the development, execution, and operation of Jubilee South East.

Aker Solutions Awarded Subsea Gas Compression Contract

Retrieved on: 
Tuesday, July 6, 2021

OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.

Key Points: 
  • OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.
  • "Globally, this is the second subsea gas compression system delivered by Aker Solutions and demonstrates our pioneering spirit to create value for our customers.
  • The world's first subsea gas compression system was delivered by Aker Solutions to Equinor's sgard field in Norway in 2015.
  • Compared to the traditional alternative from a topside compression platform, subsea gas compression is a low-carbon solution for the production of natural gas.

Aker Solutions Awarded Subsea Gas Compression Contract

Retrieved on: 
Tuesday, July 6, 2021

OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.

Key Points: 
  • OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.
  • "Globally, this is the second subsea gas compression system delivered by Aker Solutions and demonstrates our pioneering spirit to create value for our customers.
  • The world's first subsea gas compression system was delivered by Aker Solutions to Equinor's sgard field in Norway in 2015.
  • Compared to the traditional alternative from a topside compression platform, subsea gas compression is a low-carbon solution for the production of natural gas.

Jansz-Io Compression Project to Proceed

Retrieved on: 
Friday, July 2, 2021

Chevron Corporation (NYSE: CVX) today announced that its wholly owned subsidiary Chevron Australia Pty Ltd. (Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4 billion (AU$6 billion) Jansz-Io Compression (J-IC) project.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today announced that its wholly owned subsidiary Chevron Australia Pty Ltd. (Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4 billion (AU$6 billion) Jansz-Io Compression (J-IC) project.
  • View the full release here: https://www.businesswire.com/news/home/20210701005975/en/
    Jansz-Io Compression project - Field Control Station and Subsea Compression Station.
  • (Photo: Business Wire)
    Nigel Hearne, Chevron Eurasia Pacific Exploration and Production president, said J-IC represents Chevrons most significant capital investment in Australia since the sanctioning of the Gorgon Stage 2 project in 2018.
  • Using world-leading subsea compression technology, J-IC is positioned to maintain gas supply from the Jansz-Io field to the three existing LNG trains and domestic gas plant on Barrow Island, Hearne said.

NCS SubSea awarded 4D P-Cable UHR deep-water monitor survey in US Gulf of Mexico

Retrieved on: 
Thursday, July 1, 2021

HOUSTON, July 1, 2021 /PRNewswire/ --NCS SubSea has been awarded a 4D P-Cable Ultrahigh Resolution (UHR) monitor survey in the deep-water US Gulf of Mexico.

Key Points: 
  • HOUSTON, July 1, 2021 /PRNewswire/ --NCS SubSea has been awarded a 4D P-Cable Ultrahigh Resolution (UHR) monitor survey in the deep-water US Gulf of Mexico.
  • NCS SubSea has been awarded a 4D P-Cable Ultrahigh Resolution (UHR) monitor survey in the deep-water US Gulf of Mexico.
  • The survey involves acquiring seismic data using the company's differentiated P-Cable XR system, which sets the industry standard for repeatable UHR 3D and 4D marine seismic acquisition.
  • "We are delighted to be awarded the latest 4D monitor project for this multi-year reservoir monitoring campaign, " said CEO Larry Scott.