Aker Solutions Introduces New Workover Concept in North Sea

Aker Solutions has developed a modified workover system that enables faster and more cost-effective planned interventions, the company said on June 15. The concept will first be applied to Equinor’s Visund field in the North Sea.

June 22, 2020

Subsea , Seismic

DUG, Fairfield Ink Multiclient Seismic Reprocessing, Imaging Agreement

Fairfield Geotechnologies and DUG Technology have signed a comprehensive strategic agreement on June 18 that includes the reprocessing and imaging of over 5,000 sq miles of multiclient seismic data.

June 19, 2020

Drilling , Subsea

Maersk Drilling Joins Offshore CO2 Storage Consortium

The project aims at building infrastructure and capabilities that will enable CO2 captured in onshore facilities to be transported offshore for injection and storage beneath the seabed.

June 17, 2020

Digital Oilfield , Logistics , Subsea

Galvanizing Technology for Crisis Recovery in Oil Sector

When the oil and gas industry is faced with a collective crisis, demand for new solutions and ways of working increase as challenges are grappled with. Crisis is the mother of invention, after all.

June 11, 2020


Deep Down Receives Subsea Orders Totaling Approximately $2 Million

Deep Down Inc., a specialist in subsea oil and gas production control equipment and services, has received material orders from two customers totaling approximately $2 million on June 9.

June 10, 2020


Forum Energy Appoints Chinese Partner to Support Asian Growth Strategy

Forum Energy Technologies said June 8 that Wuxi Haiying-Cal Tec Marine Technology Co. Ltd. will represent Forum for the sale of the company’s extensive range of remotely operated vehicles in China, including its recently launched XLe Spirit electric ROV.

June 8, 2020

Reservoir Evaluation , Completions , Subsea

Aker BP Contracts Optime’s New Remote Tubing Hanger Technology

Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.

May 29, 2020


Petrofac Secures Iraq Contract Extension with Basra Oil Company

Petrofac’s engineering and production services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq crude oil export expansion project (ICOEEP) on May 28.

May 28, 2020

People , Subsea

Subsea 7 to Lay Off 3,000 Following Oil Market Slump

The company said it planned to lay off the workers, both contractors and permanent employees, by the end of second-quarter 2021.

May 28, 2020

Technology , Subsea

Saipem Enters Worldwide Engineering Pact with Equinor

Saipem has been collaborating with Norway’s Equinor for over a decade backed by frame agreements, namely those regarding transportation and installation as well as subsea construction works.

May 28, 2020