Subsea news

A report published by Coherent Market Insights shoes that the market is projected to exhibit a CAGR of 13.3% during the forecast period.

This contract follows the successful completion of a rigorous testing program, in which TOTAL qualified Airborne Oil & Gas’ TCP Water Injection Jumper for permanent subsea applications.

The base value of the three-year contract amounts to US$40 million with an option to extend.

The recently launched XLe Spirit is the first observation-class ROV to utilise Forum’s Integrated Control Engine (ICE™) to bring greater functionality commonly only found in larger work-class vehicles.

The Atlantic region has recently been awarded three new contracts in the North Sea.

Project to deliver industry’s first all-electric actuated boosting system.

The acquisition enhances Acteon’s subsea integrity management offering.

The company and its licence partners have submitted the report to the Ministry of Petroleum and Energy, with a final investment decision due early in 2019.

Companies with an interest in developing innovative subsea technologies are being invited to take part in the second call for a three year initiative which forges R&D partnerships between Scotland and Japan.

The finalists have been announced for next year’s Subsea UK awards, which recognise the companies and individuals who are leading the way in the UK’s £7.5 billion subsea sector.