Subsea news

18 delayed projects reached final investment decisions in 2017, compared to two in 2015 and five in 2016.

Aqualis Offshore will provide marine warranty surveyor and marine services to Aker BP’s fixed platforms, mobile units and subsea on the Norwegian continental shelf.

The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.

Subsea technology company, Rovco, has secured Innovate UK funding to develop a cutting-edge 3D visualisation system as part of a two-part Artificial Intelligence demonstrator project potentially worth £1 million.

The move is a response to increasing demands for ship-to-ship transfers to support Brazil’s soaring oil exports.

The collaboration between the two companies saw them identify and map oil seepage off the coast of California.

ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56 million.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.

The combined awards are valued at around US$60 million.

The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organisation (IMO) to improve safety at sea.