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.
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
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.
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
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
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
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
Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts, including its latest US$333 million contract for Engineering, Procurement
Ocean Installer has been awarded North Sea umbilical installation and riser replacement contracts from Statoil, the company announced yesterday. The Norwegian subsea contractor signed amendments with Statoil for umbilical marine installation at the North Sea's Visund field and for
Aker Solutions has signed a contract with Polarbase for the construction of a new subsea workshop on Polarbase. Polarbase is very excited that Aker Solutions has chosen to establish themselves at the base and pleased to see that the subsea activities are moving north.
The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby.
Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer
Connector technology developer First Subsea has received APL 17LI certification for its bend stiffener connectors from the American Petroleum Institute, the company announced today. The bend stiffener connectors are used for flexible riser and umbilicals and offshore wind cable
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1
Maritech International has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced. Maritech, a provider of subsea installations and marine works to the international oil and gas
DeepOcean Ghana Limited, a Ghanaian company with 51% Ghanaian owned share structure, has been awarded a contract to provide the services of a multipurpose construction vessel (MPV) to Tullow Ghana Limited. The scope of work for the contract is inspection
Plans for significant further expansion of Lerwick Harbour’s extensive deep-water facilities for the offshore oil and gas industry have advanced with the award of a major contract to extend the quay at Dales Voe South to support subsea developments and decommissioning.
DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including
*Sales of NOK 9.2 billion 4Q 2014 vs NOK 7.5 billion 4Q 2013 *Earnings before interest, taxes, depreciation and amortization (EBITDA) of NOK 786 million vs NOK 661 million a year earlier *Earnings before interest and taxes (EBIT) of NOK 557 million vs NOK 486 million a year earlier
N-Sea has launched its third diving support vessel, the Edradour, representing a $2.2 million investment for the company to be immediately utilized in its inspection, maintenance and repair (IMR) operations in the North Sea, as well as in Holland and Germany.
QinetiQ’s ship and submersible design software, Paramarine, has been used by Mojo Maritime to design an offshore construction vessel for the marine renewables sector. The Hi Flo 4 (HF4) is a dynamic positioning vessel capable of operating in extreme coastal and continental shelf environments
In January 2015, Huisman, the worldwide specialist in lifting, drilling and subsea solutions, and Brazilian shipping company and shipyard group Grupo CBO, signed a contract for the delivery of four anchor handling and towing winch packages for four new Havyard 843 AHTS vessels.