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.
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 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.
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
Officials with the 2006 Offshore Technology Conference (OTC) have selected Aker Kvaerner's Multibooster subsea boosting technology to win an OTC.06 Spotlight on New Technology Award. The award showcases advanced technologies for the offshore oil and gas industry. Companies exhibiting at this year's OTC submitted entries detailing why their innovative technology should be in the spotlight at OTC. Aker Kvaerner's MultiBooster subsea multiphase pump system increases oil recovery and enables
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
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
Delta SubSea, LLC has entered into an agreement with Olympic Shipping AS for the Olympic Delta, a newly built multipurpose subsea support and construction vessel. The Olympic Delta is a GREEN Vessel designed according to DNV class, with high focus on reduced fuel consumption
Technip was awarded by BP Exploration & Production Inc. a lump sum project for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side of the Thunder Horse production drilling quarters unit
Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 by up to 11 vessels as global oil and gas firms continue to cut spending after the plunge in crude oil prices. Subsea 7, which focuses on the North Sea but has a global operation
Delta SubSea has entered into an agreement with Norwegian company Olympic Shipping AS for the Olympic Delta, a newly built Multipurpose Subsea Support & Construction Vessel. The Olympic Delta is a 94m-long green-friendly vessel designed for greatly reduced fuel consumption and
The Houston-based subsea specialist FMC Technologies Inc. (FTI) reported first-quarter earnings of $147.6 million, beating Wall Street expectations. The average estimate of 34 analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share on a per-share basis
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) won the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) 2015 ceremony held on Tuesday, 21 April 2014 at The Ritz-Carlton, Millennia Singapore.
The Harkand Haldane is a DP3 dive support vessel currently being designed and built in Europe to reduce downtime in the North Sea’s winter marginal weather months. Along with its well-equipped and logically planned layout, Harkand’s clients looking for increased efficiency to maximize
At Ocean Business in Southampton MMT´s key topic was the new Surveyor Interceptor ROV (SROV). Together with its Norwegian partners Reach Subsea AS, MMT developed a new generation, survey ROV, named Surveyor Interceptor (SROV), which is specially designed for pipeline inspection and
Aker Solutions announced their Financial Results for the first quarter of the current calendar year. Financial Highlights * Sales NOK 8.5 billion in 1Q 2015 vs NOK 7.5 billion in 1Q 2014 * Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 591 million vs
The 2014 Maritime Innovation Award, given jointly by the Royal Institution of Naval Architects and QinetiQ, has been presented to Subsea Industries for the product Ecolock. The Maritime Innovation Award is presented to an individual or organisation in recognition of outstanding
Aqueos Corporation, a provider of subsea services to the Gulf of Mexico and Pacific Coast, has entered into a long term time charter of the OSV Clean Ocean, a California Air Emission Compliant 155’ offshore support vessel (OSV), for its West Coast and International operations.
Cortland’s BOB rope helps reduce operating costs and improve installation time Cortland announce the recent award of a patented BOB 12x12 Fiber Rope by Rolls Royce for use on its next Fiber Rope Deployment System (FRDS), which is based on their patented Cable Traction Control Unit
Belgium-based dredging and marine construction giant Jan De Nul Group has ordered two 6,000 ton Subsea Rock Installation vessels at AVIC Weihai shipyard in Weihai, China. The vessels will be able to install rock at depths up to about 600 m by means of a flexible fall pipe
Subsea 7 S.A. announced it has been awarded a pipeline and construction contract worth approximately $300 million from Wintershall Norge AS for the Maria field development. The contract consists of engineering, procurement, construction and installation (EPCI) of 95 kilometers of rigid
Wood Group Kenny (WGK) has secured a five year contract with Oil Spill Response (Capping) Ltd (OSRCL) to provide the maintenance support for a key part of a containment toolkit that would be used to control hydrocarbon release in the event of a subsea well control incident.