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Smart wristbands alerted offshore companies when employees are in danger

Norwegian technology startup ScanReach unveiled In:Range, a system to pinpoint the location of crew members working in potentially dangerous environments by sending and receiving data signals through any structure.

Sensors are plugged into conventional power sockets and communicate through radio waves with bracelets worn by crew members, which contain smart algorithms. This data can then be transmitted to screens onboard ships or, in the case of emergencies, land-based facilities and nearby ships, providing a real-time overview of the location of all personnel.

From saving individuals to conducting entire vessel evacuations in a fraction of the usual time, this technology can fundamentally transform safety standards at sea. What’s more, its applications are almost limitless.

BP and Reliance sanctioned ‘Satellite cluster’ project for KG-D6

BP and Reliance Industries (RIL) sanctioned the ‘Satellite cluster’ project, the second phase of the integrated Krishna Godavari Dhirubhai 6 (KG-D6) development in India.

With the sanctioning of the second of the three-phase project, the two companies are supporting the Block KG-D6’s discovered deep-water gas fields, thereby supporting new gas production capabilities for India.

The Satellites cluster is a dry gas development, which includes four discoveries with five well subsea developments in 1,700m water depth, up to 15km east and south-east of the producing D1D3 fields in KG D6.

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By GlobalData

Computer game technology offered affordable offshore wave simulation

A PhD student at the University of Manchester developed software that can generate complex scientific and engineering simulations using computer game technology.

Using powerful graphic processing units (GPUs), Alex Chow from the school of Mechanical, Aerospace and Civil Engineering is able to simulate powerful ocean waves crashing against offshore structures, such as wind turbines and oil rigs. The simulations can predict the waves’ potential impact forces on the structures, providing a valuable tool when designing offshore structures.

Complex simulations such as tidal patterns consist of billions of calculations and millions of data points that require the processing power of a supercomputer. Such computers are comprised of hundreds of central processing units (CPUs) connected to thousands of computing cores. These cost thousands to millions of pounds as a result, while consuming large amounts of energy. Because of this, they are only accessible to a small number of researchers and scientists.

New Zealand banned offshore oil and gas exploration

New Zealand announced plans to no longer grant offshore oil exploration permits, a move that is seen as a major blow to the industry.

This restriction will apply only on new permits and not on the existing 22 permits, some of which have years of exploration rights still left.

New Zealand Prime Minister Jacinda Ardern said that the government ‘has a plan to transition towards a carbon-neutral future, one that looks 30 years in advance’.

Statoil and Total bought 60% interest in North Platte field

Statoil and Total closed the acquisition of 60%-operated interest in the North Platte discovery in the US Gulf of Mexico from Cobalt International Energy, for $339m.

The two companies jointly presented the bid at a bankruptcy auction of some of Cobalt’s assets that was held last month.

With the completion of the deal, Statoil now owns a 40% non-operated interest in North Platte, while Total has raised its existing 40% interest to 60% and assumed operatorship.

Finland granted first permit for Nord Stream 2 pipeline development

Finland granted approval for the development of the Nord Stream 2 pipeline project, which is slated to run through the country’s exclusive economic zone.

The approval for the Nord Stream 2 AG gas pipeline development was given on 7 April and covers the portion that is expected to run through Finland’s exclusive economic zone.

However, the consent is conditional and will be dependent on the applicant meeting the terms presented in the government’s approval notice.

McDermott successfully installed India’s Vashishta and S1 fields

McDermott International successfully completed the installation and start-up on the Vashishta and S1 fields in Andhra Pradesh, India.

The projects are part of an engineering, procurement, construction and installation (EPCI) contract received by the company from India-based Oil and Natural Gas Corporation (ONGC) in December 2015.

Under the agreement, McDermott carried out the work on the project in collaboration with consortium partner LTHE, a wholly owned subsidiary of Larsen & Toubro (L&T).

Shell took final investment decision on Vito project in GoM

Shell Offshore took the final investment decision to proceed with the development of the Vito deep-water project located over four blocks in the Mississippi Canyon area in the US Gulf of Mexico (GoM).

The decision, which is based on an estimated break-even price of less than $35 per barrel, paved the way for the construction and fabrication of a new, simplified host design and subsea infrastructure.

As part of the Vito development, the company will develop eight subsea wells with a deep in-well gas lift.

Subsea 7 made proposal to acquire McDermott

Engineering and construction services firm Subsea 7 made a takeover bid to acquire the entire issued share capital of McDermott International, subject to the termination of McDermott’s planned $6bn merger with Chicago Bridge & Iron (CB&I).

Under the offer, Subsea 7 proposed to buy all of McDermott’s common stock for $7 per share, payable entirely in cash or up to 50% in Subsea 7 stock and the remaining amount in cash.

Subsea 7 noted that the proposed acquisition will provide significant growth prospects, synergies and investment-grade financial profile.

DeepOcean completed acquisition of US company Delta SubSea

Dutch subsea services provider DeepOcean completed the acquisition of US company Delta SubSea and expanded its business in the US Gulf of Mexico.

Delta SubSea is a cost-effective provider of Inspection Maintenance and Repair (IMR) and light construction services that focuses its operations in the US Gulf of Mexico and on US-based customers with international operations such as West Africa, Trinidad & Tobago and Guyana.

It currently owns and operates a total of ten Remote Operated Vehicles (ROVs) from its operating base in Montgomery, Texas, US.