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A successful trial of a subsea power component has been announced by ABB and OneSubsea. The variable speed drive (VSD), component is particularly useful at slowing motors, fans, and other such devices to ensure that energy is not wasted and eventually delivers improved efficiency of the overall system. It has been an integral part of the ABB's long-running project to deliver an effective subsea power system, especially for the offshore industry.
Supermajor, ExxonMobil and its joint venture partner BHP have made a final investment decision (FID) on the development of the West Barracouta gas field, offshore Victoria, Australia. FEED work for the project has already been concluded and subsequently, contracts were awarded to Subsea 7 and OneSubsea. The project aims at boosting domestic gas supplies in Victoria. A report published by Australian Energy Market Operator dictates looming gas shortage in Victoria by 2022.
Wintershall, the German oil major, and its partners have submitted the Plan for Development and Operation (POD) for Nova field in the Norwegian North Sea, to the Norwegian petroleum ministry. This latest development follows the success of Wintershall’s Maria field and acknowledges Wintershall’s expertise in subsea technology. Nova will be developed with smart engineering and environment friendly methods.