Scientists from a leading university in Scotland are heading up a pan-European project to create the most advanced, autonomous, cognitive robot which could help to dramatically reduce the cost of underwater monitoring operations and maintenance within the oil and gas industry. The team from the Ocean Systems Laboratory (OSL) at Heriot-Watt University is designing a [...]
REANNZ and Pacific Fibre announced that they have agreed Key Commercial Terms for a substantial contract to supply international capacity on the new Pacific Fibre cable system. Donald Clark, REANNZ CEO, said “We are excited to secure an anchor tenancy providing long-term capacity for the research, education and innovation communities in New Zealand. Pacific Fibre [...]
Neptune Marine Services Limited confirms it has delivered on key elements of its operational restructure, including finalising $9.5 million in annual cost savings, progress in the non-core asset sale program, and confirming the board succession plan. Neptune reports that its underlying operations remain stable, posting a break-even result before interest and tax for the March [...]
Nautilus Minerals is taking another step forward in the construction of its seafloor production system, proceeding with an order for the Subsea Slurry Lift Pump (SSLP). The SSLP will pump high grade slurry from the bottom of the riser, at Nautilus’ proposed Solwara 1 project in the Bismarck Sea of Papua New Guinea (PNG), to [...]
The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding factor in allowing drilling to resume. Twenty independent E&P companies have [...]
