Subsea news

The subsea equipment market has gradually recovered since 2016, reaching over 300 awards of subsea trees in both 2018 and 2019 – three times more than in 2016, according to Rystad Energy.

The order includes the design, engineering and manufacturing of a riser isolation valve control system as well as other subsea production equipment.

The contracts are for seismic nodes installation in Nigeria and an extension to an existing contract in Angola.

Hunting, the international energy services group, has confirmed acquisition of 100% of the issued share capital of Enpro Subsea and its subsidiaries in Norway, US and Ghana.

The Aberdeen-headquartered business will provide its Deflection Monitoring System (DMS) and field engineers to install six Integrated Template Structures (ITS) in the Barents Sea offshore Norway.

Halfwave is currently active in the field of subsea inspection and pipeline inline inspection (ILI).

The partnership will aim to fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence and autonomous systems.

The subsea equipment manufacturer is investing in a new £3.5 million, 48 000 ft2 assembly and test facility near its Gateshead headquarters in the UK, expecting to create another 30 posts.

Richard Pugh, Investor at equity investor BGF, discusses why an upturn in the subsea sector may not be plain sailing and outlines why is it crucial to get your funding ducks in a row from the outset.

More than 6600 delegates gathered at Subsea Expo in Aberdeen, UK, this week, one of the biggest attendances on record in the event’s 15 year history.