• 2019 April 10 16:34

    Aker Solutions and FSubsea to сreate FASTSubsea to boost subsea oil recovery

    Aker Solutions and FSubsea have agreed to create FASTSubsea to help operators increase oil recovery in a faster, simpler and more environmentally friendly way, the company said in its release.

    Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world's 1,500+ offshore fields.

    With FASTSubsea, this is about to change. The new company combines Aker Solutions' high-performance multiphase hydraulic technology with FSubsea's game-changing Hydromag technology to create the world's first "topside-less" multiphase boosting system.

    The pump-module solution being developed by FASTSubsea can cut capex by half and enable subsea boosting at fields where there is no available topside space. Getting more out of existing wells reduces CO2-emissions per barrel.

    The agreement is subject to approval from the Norwegian competition authorities.

    The spread of subsea boosting technology has been hampered by cost and complexity. Conventional systems require a large amount of topside equipment on a platform or FPSO, including electric variable speed drives and supply systems for barrier fluid hydraulic oils. They also typically require several kilometers of hydraulic umbilicals between the pumps and the platform. This increases cost in the form of engineering and hardware spend.

    The pump-module solution from FASTSubsea leverages FSubsea's Hydromag™ technology, which is a unique combination of the world's most powerful Permanent Magnetic coupling with an embedded hydrodynamic variable speed function, and Aker Solutions' MultiBooster™ semi-axial impeller design, which has proven best-in-class pressure generation capabilities. This system has built-in variable speed function and is barrier-fluid-less, which reduces capex cost with up to 50 percent. It unlocks opportunities with platforms that have no additional topside space but still can reap the economic benefits of increased recovery with subsea boosting system.

    Additional information about FASTSubsea:

     Aker Solutions and FSubsea to each hold 50 percent of the outstanding shares
     The Board of Directors consists of an equal number of Aker Solutions and FSubsea representatives
     Alexander Fuglesang acts as Managing Director, Bastiaen van der Rest as Technology and Operations Manager
     The company's "topside-less" multiphase pump will be marketed towards subsea integrators and operators directly, as well as through Aker Solutions
     FSubsea will continue to market Omnirise™ product range directly to the marketplace
     Aker Solutions will continue to market LiquidBooster™ and MultiBooster™ product ranges directly to the marketplace

    About FSubsea
    Set up in Oslo, Norway in 2013 as a spin-off from Fuglesangs Group (est.1855), FSubsea's provides the most autonomous, modular and robust boosting systems for the global subsea process, subsea drilling and deep sea trenching and excavation markets. The company has supplied more than 40 pumps that are currently operating in deep waters. In 2017, the company won the OTC Spotlight on New Technology Award for their Omnirise™ Boosting System.




2020 March 28

11:31 VT Halter Marine to execrise an option for forth APL(S)
10:53 USCG Cutter Polar Star returns home from Operation Deep Freeze 2020

2020 March 27

18:37 Kim Heng Marine & Oilfield incorporates JV Bridgewater Marine (Taiwan)
18:14 Port of Antwerp Covid-19 Taskforce: supply chains still working
17:52 Oboronlogistics delivers materials and equipment for construction of medical center in Kaliningrad Region
17:29 Exercise involving three frigates of RF Navy’s Black Sea Fleet took place in Mediterranean Sea
17:05 Philippine Ports Authority imposes entry protocol in offices, ports in fight against COVID-19
16:43 Admiralteiskie Verfi launches lead freezing trawler of Project СТ-192 built for Russian Fishery Company
16:21 Arthur Sedov appointed as Managing Director of Rosterminalugol
16:05 Cosco Shipping Ports announces full year results for 2019
15:58 Gazpromneft Ocean marine oils are available in South Korea
15:44 The world's most powerful semi-submersible crane vessel receives the largest LNG bunkering in the Port of Rotterdam
15:27 Navigation on middle Volga and Volga-Baltic Canal to be opened ahead of schedule
15:04 Maritime and Port Authority of Singapore to provide economic relief to passenger vessel owners and operators
14:40 Severnaya Verf lays down fifth processing trawler of Project 170701 ordered by NOREBO Group
14:16 VPower Group is new distributor for Rolls-Royce’s MTU solutions in China
13:55 Russia’s foreign trade cargo to be completely redirected to domestic ports by 2022-2023 - Rosmorrechflot
13:06 Russian bunkering market meets demand for low-sulphur fuel – RF Transport Ministry
12:28 Port of Gdansk is fully operational
11:33 Rosmorport's Arkhangelsk Branch takes measures to prevent COVID-2019 spread
11:09 Diana Shipping announces time charter contract for m/v P. S. Palios with C Transport
10:35 MABUX: Bunker market this morning, Mar 27
10:32 69th navigation season opened in Volga-Don Basin of inland water ways
10:09 Fincantieri extends work stoppage in all its Military and Cruise Vessels production plants and offices from March 30th
09:54 Brent Crude futures price is up 0.68% to $26.52, Light Sweet Crude – up 1.86% to $23.02
09:39 Launching ceremony held for lead shallow-draft dry cargo barge of Project RDB20
09:20 Synergy Group calls for collective action on shipping’s coronavirus crewing crisis
09:11 Baltic Dry Index is down to 569 points

2020 March 26

18:36 MHI-MME first receives MET-MBII turbochargers first order
18:05 DNV GL’s remote surveys surge with 15,000 completed since launch
17:50 IAPH welcomes new member port from Canada
17:36 CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash
17:16 Höegh LNG announces amendment and restatement of the FSRU Independence debt facility and a new interim LNGC timecharter
17:05 OOCL announces additional withdrawal of Trans-Pacific sailings in April 2020
16:43 RF Government approves Transport Strategy till 2035
16:28 Measures introduced for Nevsky Shipyard staff to prevent spread of Covid -19
16:24 Customised Wärtsilä ship design chosen for two new P&O ships
16:20 MAN Cryo develops liquefied methane terminal in Swedish port city Oxelösund
16:05 COSCO SHIPPING Ports announces FY2019 results
15:37 PDP Institute of Admiral Makarov SUMIS undertakes measures to prevent spread of Covid-19
15:30 APM Terminals issues North America COVID-19 update
15:15 World Maritime University and International Union of Marine Insurance sign Memorandum of Understanding
14:52 North Sea Port takes further action to keep port operational along Ghent and Zealand side
14:13 Delo Group is to consolidate 99.6% of PJSC TransContainer
13:44 Bunker prices continue going down at the Far East ports of Russia (graph)
13:21 Expansion of infrastructure for coal exports via port of Vysotsk approved by Glavgosexpertiza
12:48 Blagoveshchensk shipyard named after October Revolution laid down yet another hydrographic ship of Project 19910
12:10 BC Ferries announces fuel rebate
11:29 Murmansk Commercial Seaport completed construction of wind and dust barriers
11:00 Busan Port cooperates with the government, operators and workers to prevent COVID-19 infection
10:52 Panama Canal adopts measures to guarantee sustained operations amid COVID-19
10:38 Ministry of Transport and Communications of Finland to amend decrees on road ferries, manning of ships and certification of seafarers
10:16 MABUX: Bunker market this morning, Mar 26
10:04 Finnpilot reports on its preparation for COVID-19
09:41 Tallink Grupp Supervisory Board members waive remuneration
09:23 Brent Crude futures price is down 0.62% to $27.22, Light Sweet Crude – down 1.51% to $24.12
09:09 Baltic Dry Index is down to 582 points

2020 March 25

18:06 The European Commission prolongs the validity of block exemption for liner shipping consortia
17:52 Rosmorrechflot issues draft public declaration of its key goals and priorities for 2020
17:35 CE Delft study confirms bio and synthetic LNG provide a viable pathway towards decarbonisation