FMC Technologies, Inc. has signed a new five-year frame agreement with Statoil to provide subsea equipment and associated services for the North Sea and potential international developments. The agreement also includes two options to extend the contract for two additional years each. FMC Technologies is one of two subsea suppliers who would receive orders against this frame agreement. Statoil estimates the total value of all orders to be placed under the frame agreement to be within a range of $2.6 to $4.4b. Equipment and services related to this frame agreement will be manufactured and supplied from FMC’s Kongsberg, Norway facility. The award of this frame agreement does not impact FMC’s inbound or backlog. FMC Technologies will record orders when call-offs are received against this frame agreement. In the past two decades FMC has supplied more than 260 subsea trees to Statoil for 40 separate projects. Recent activity includes the Tordis Subsea Processing project, which is the first full-field subsea separation system to be installed, as well as supporting Statoil’s Gjøa and Tyrihans projects in the North Sea.
Reliance Industries Limited has awarded Aker Kvaerner an engineering, procurement and construction contract to deliver an 18 well subsea production system for the deepwater Block KG-D6 gas development located offshore the east coast of India. The contract is one of the world's largest subsea contracts ever awarded and affirms Aker Kvaerner's position as the leading contractor for deepwater subsea developments. The initial contract value is approximately $400m.
Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million. Scope of work includes two subsea trees, one four-slot integrated template structure with process distribution manifold, subsea and topside production control systems, wellhead systems and remote connection systems.
Aker Solutions has been awarded a contract by Subsea 7 for the design and fabrication of a control umbilical for Statoil's Svalin C project on the Norwegian continental shelf. Contract value is undisclosed. Scope of work includes a six kilometre long control umbilical, connectors, engineering and project management. "We are very pleased to be awarded another contract on the Norwegian continental shelf and look forward to supporting Subsea 7 with this Statoil fast-track project
Subsea Industries, a Hydrex company, announced that its Ecoshield coating system, which offers protection from cavitation and corrosion/erosion damage for ship hulls, rudders and ship underwater running gear, has been recognized with an industry award. The 2014 Innovation in Ship Operations Award was accepted for Subsea Industries by David Phillips, Hydrex Group Communications Executive at an awards dinner in London on April 14, 2014.
DOF Subsea announced today it has been awarded a Letter of Award (LOA) with an unnamed major international oil company in the Asia Pacific region. According to DOF Subsea, the LOA is for a seven-year IRM contract (plus three-year option), and the vessel Skandi Hawk is planned to be utilized under the contract. The work scope includes project management and engineering, ROV and diving services. As part of a contract award
Subsea 7 Inc announced today that it has been awarded a contract by Petrobras America, a subsidiary of Petrobras for installation works in the deepwater Cascade & Chinook fields in the Gulf of Mexico. The contract is valued at $50 million. Subsea 7 will engineer and install 229658 ft. of power cables and control umbilicals and fabricate and install 16 jumpers in the Cascade & Chinook fields, located at Block 425 of Walter Ridge area in water depths ranging from 7545 ft.-9842 ft.
Aker Kvaerner has been awarded its first subsea contract from Spanish oil company Repsol YPF. The deal is for the delivery of a subsea production system to the Montanzo and Lubina projects off the east coast of Spain. This is Aker Kvaerner's first subsea project in the region. Contract value is undisclosed. Scope of work includes engineering, procurement and construction of two subsea trees with control systems, connections and overtrawlable structures
International oilfield service company Expro is establishing a new base in Ghana following the award of a multi-million dollar contract to deliver subsea, well test and data acquisition services for Tullow Ghana Limited (subsidiary of ‘Tullow Oil’) on the Jubilee Phase 1 Development field, which is the country’s first deepwater development. Ghana has been a strategic target for Expro since Tullow announced its intention to explore and later develop a major discovery
Offshore services provider Subsea 7 S.A. announced today it has been awarded a contract from Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fields by BP, offshore Egypt. Subsea 7 did not specify a precise contract value, but called the award “sizable” in the range of $50 million to $150 million.
McDermott International, Inc. formally named its flagship Derrick Lay Vessel 2000 (DLV 2000) during a ceremony at the Keppel Singmarine Shipyard in Singapore. Brenda Cuthbertson, wife of 38-year McDermott employee and Asia Area Vice President Hugh Cuthbertson
The National Ocean Industries Association (NOIA) today named Oceaneering International, Inc. as the recipient of the 2016 Safety-in-Seas (SIS) Safety Practice Award. Kevin McEvoy, CEO of Oceaneering International, accepted the award at the NOIA annual meeting in Washington, DC.
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.
Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period. Adjusted EBITDA meanwhile was $284 million with an Adjusted EBITDA margin of 38 percent
Leading marine service provider, Marine and Towage Services Group Ltd. (MTS) has supported shipbuilder Damen during sea trials of its latest offshore cabling vessel, Maersk Connector. During the two-week testing period, MTS Vigilant, a Damen Shoalbuster
JFD, the leading global subsea operations and engineering company, part of James Fisher and Sons plc, has today announced the launch of its new Compact Bailout Rebreathing Apparatus (COBRA) for commercial divers, as a direct response to the urgent need for significant improvements in safety in the
McDermott International, Inc. (NYSE: MDR) signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the AHTS Far Sea (1991, ME 303 II, 13,219 BHP). Delivery of the vessel to the new owner took place Thursday 3 March 2016. The sale of the vessel gave a book loss of NOK 32 million
Norwegian shipbuilder Havyard Ship Technology AS reports the cancelation of an order for an advanced subsea vessel placed by an undisclosed "international shipping company" in June last year. The unidentified shipowner has cancelled its contract "in light of the
Harkand won a multi-million dollar contract with Maersk Oil North Sea UK Ltd to deliver subsea support services to the operator including a commissioning support campaign for the Flyndre development located in the south-eastern part of the Central Graben Basin in the North Sea.
Ocean Installer will undertake flexible jumper replacement operations for Norwegian operator Statoil at the Vigdis field, says a statement from the company. Ocean Installer will see it perform subsea work. The company said the option falls under an amendment to the previously
Aberdeen-headquarted, Hydro Group plc is recognised as a finalist at the 2016 Made in Scotland Awards for the categories Manufacturer of the Year and Exporter of the Year. The subsea cable and connector specialist is at the forefront in the development and innovation of subsea product
Aberdeen-based subsea cable and connector specialist Hydro Group, has expanded its premises by investing £2 million in a new 13,700 sq ft bespoke facility, set to open in spring 2016. The company currently occupies a 45,500 sq ft facility at the Aberdeen Energy Park
Bibby Offshore’s Norway division, Bibby Offshore AS, has secured its first contract in the region with ConocoPhillips Skandinavia. Managed from Bibby Offshore’s Stavanger office, the workscope involves project management, installation engineering
NTNU spin-off company Eelume collaborates with Kongsberg Maritime and Statoil to develop swimming robots for subsea inspection and light intervention. Kongsberg Maritime and Statoil have signed an agreement with Eelume, a NTNU spin-off company