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OFFSHORE ENERGY GUEST ARTICLES
OIL BOOM BOOSTS BUSINESS
by wade on August 8, 2013
A recent report from Memorial University outlines just how much of an effect Newfoundland and Labrador’s oil boom has had on the province’s productivity growth.
The study, conducted by Ottawa’s Centre for the Study of Living Standards and funded by the Department of Economics, through its Collaboration for Applied Research in Economics initiative, found
that Real GDP in the province’s business sector increased at nearly twice the rate of Canada’s (4.55% per year in N.L., compared with 2.50% nationally) between 1997 and 2010. Read more.
CALL FOR RESOURCE DEVELOPMENT PROPOSALS: ARCTIC AND HARSH ENVIRONMENT
by wade on March 2, 2013
Petroleum Research Newfoundland & Labrador (Petroleum Research) is issuing a ‘Call for Proposals’ seeking proposals targeting oil and gas offshore resource development in Arctic and Harsh Environments. The key objective is the development of technologies, services, or improved processes/methodologies to reduce the risk and/or cost of operation in Arctic and Harsh Environments. Read more.
SUB-C WOWING THE INDUSTRY WITH HIGH DEFINITION ROV STILLS AND VIDEO
by wade on July 31, 2012
SubC's new Dragonfish Ethernet HD and Stills Camera for underwater harsh environments is making a biig impression in the industry delivering live 1080p HD, 5 MPixel Ethernet images. Whether used for Ocean Observatories, for ROV/AUV Imaging, or for Port Security, the Dragonfish serves up unprecedented image quality providing live digital transmission over 4-wire Ethernet with built-in overlay of text, date-time, and images. Read more.
Hydro International Latest News: Size of ROV Support Market to Double
by wade on November 24, 2011
A report by Douglas-Westwood (UK) forecasts strong growth in demand for ROV support of offshore operations between 2011 and 2015, driven by a significant rise in offshore exploration and subsea field development activity. Research indicates that all the market drivers of the work-class ROV business are in a period of growth, and the report forecasts that total annual expenditure on ROV support of underwater operations will grow from USD891 million in 2010 to USD1,692 million in 2015. Read more.
PRAC Presentation to the Marine Technology Society AGM
by wade on July 26, 2011
As President of PRAC, David Finn provides leadership and strategic direction for all the organization’s petroleum research and development activities in the Atlantic Region. Based in PRAC’s St. John’s office, Mr. Finn has more than 20 years in research and has been an active member of the Newfoundland Ocean Industries Association. He is also a member of the Society of Petroleum Engineers. He was invited this year to the Marine Technology Society AGM to provide an overview of his organization and the research and development they support. Read more.
Nuts and Bolts: Orphan Industries’ L&R System
by wade on July 13, 2011
By Andrew Safer and published in the June 2011 edition of Marine Technology Reporter—www.seadiscovery.com In a 1,853 sq metre fabrication shop in St. John’s, Newfoundland, Canada, Orphan Industries Limited’s 50 welders, pipefitters, millwrights, and electricians work 12-hour shifts around the clock, building ROV launch and recovery systems (LARS) and other subsea equipment, primarily for the offshore oil and gas industry. In Orphan Industries’ test facility outside, the LARS that has just been built is picking up a 40,000-lb. load weight to simulate an ROV and manipulating it back into position. Read more.