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Subsea Contract

Aker Kvaerner Wins Subsea Contract

Aker Kvaerner signed a letter of intent with Aker Floating Production in January 2007 and has now signed the final contract to deliver a complete subsea production system to Reliance Industries in India. The value of Aker Kvaerner's contract is in excess of $300m. The subsea production system will be installed at 1100-1400 meters water depth and includes trees, manifolds, controls, umbilicals, flowlines and risers. The contract will be booked as order intake in the second quarter of 2007.


Subsea Contracts Galore for Ezra

Ezra Holdings announces multiple contracts, worth + US$160-million, for its subsea, offshore & energy services divisions. Ezra divisions, EMAS AMC, EMAS Marine and EMAS Energy have been awarded multiple contracts for projects in the North Sea and Asia Pacific. The average tenor for all contracts is approximately 2.6 years including options. EMAS AMC has been awarded several new contracts and options worth up to US$85 million in aggregate for several projects in the North Sea and Asia


Global Deepwater Market is Buoyant

The Global deepwater market is strengthening according to Quest Offshore Resources Inc.'s soon to be published Global Subsea Production Umbilical Report. The majority (65%) of identified forecast subsea wells across the globe are in deepwater (greater than 0-1,650 FSW (0-500 MSW)). With respect to ultra-deepwater subsea production, the present share of forecast subsea trees worldwide over 3,437 FSW (Feet Sea Water) or 1,200 MSW (Meters Sea Water) is 39%.


Subsea 7 Announces Contract With Petrobas

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.


Boskalis Posts Record Profits

Peter Berdowski, CEO. Pic with compliments from Boskalis

  Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014.   Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion).   EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 per cent at EUR 652 million (2013: EUR 463 million).   Across the board, 2014 was an operationally strong year with in addition a large number of exceptional items for a total amount on


Technip Wins Subsea Contract on Triton FPSO

Floating Production Storage and Offloading Unit Courtesy Technip

  Technip has been awarded a brownfield subsea contract for the Triton(1) floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, located in the central North Sea. This FPSO vessel is located 193 kilometers east of Aberdeen, at a water depth of approximately 90 meters. It produces oil and gas from different fields - Bittern, Guillemot West and North West, Clapham, Pict and Saxon, which are tied back to the FPSO vessel via subsea facilities comprising a


Aker Kvaerner and Statoil Sign Agreement

Aker Kvaerner has signed a letter of intent with Statoil ASA to enter a five-year frame agreement for the delivery of subsea production systems and related operational services. The agreement will make Aker Kvaerner's subsea division a preferred supplier to deliver complete subsea solutions to Statoil's new field developments as well as additional equipment to new and existing fields. The frame agreement for aftermarket services is valid for new fields.


Subsea 7 Gets $100m Contract with StatoilHydro

Subsea 7 Inc has been awarded a $100m contract from StatoilHydro for engineering, procurement, construction and installation of the Troll B Gas Injection project in the Norwegian sector of the .  The Troll B Gas Injection project will be developed with two separate subsea satellite wells, located respectively 3.5 km and 6.5 km south of the Troll B platform.  The wells will be connected to the Troll B platform by a single gas injection pipeline and a control umbilical.


Vietnam Offshore Contract for EMAS AMC

EMAS AMC contracted by Petroleum Technical Services Corporation Mechanical and Construction to provide facilities for the Dua sub-sea field. Singapore-based EMAS AMC, the subsea division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has been awarded a contract from Petroleum Technical Services Corporation Mechanical and Construction (PTSC M&C) for the transportation and installation of facilities for


Fugro Get Shell Malaysia US$250-Million Subsea IMR Contract

Fugro Saltire: Photo courtesy of the owners

The Netherlands-based Fugro Subsea Services inform they have been awarded a long term contract by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited (Shell) for the provision of underwater inspection, maintenance and repair (IMR) services at their subsea infrastructure across Malaysia. The contract will run for five years with options to extend. Fugro will establish a project office in Miri and a support facility in Labuan


Delta SubSea Secures New Build Olympic Delta

Image: Delta SubSea

    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


Subsea 7 to Slash Workforce, Cull Fleet

Photo courtesy of Subsea 7

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


Siem Sells “Siem Sasha”

Car Carrier CSAV Rio Grande. Pic by Siem Shipping

 Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”.  It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland.  


Delta SubSea Adds New Vessel

 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


Chevron Hires Norce Endeavour for Thailand Ops

Norce Endeavour. Pic courtesy: Solstad Offshore ASA

 Solstad Offshore ASA (SOFF) has fixed the 2011-built 18,000 dwt crane barge Norce Endeavour to Chevron for work in Thailand next year for around 200 days.   Solstad has received confirmation from Chevron in Thailand for the 2016 Offshore Installation Campaign utilizing its Derrick Lay


Kongsberg Simulators to Enhance GoM Offshore Training

Photo courtesy of Kongsberg

‘Fideicomiso de Formación y Capacitación para el Personal de la Marina Mercante Nacional’ (FIDENA), on behalf of Mexico’s Secretariat of Communications and Transportation (SCT) has selected Kongsberg Maritime offshore simulators for the Marine Education Center in


FMC Beats 1Q Profit Forecasts

Image: FMC Technologies

 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


Keel laying Ceremony of Damen PSVs for Atlantic Towing

PSV 5000 Keel laying lowres

  In a keel laying ceremony attended by key client representatives, Damen Shipyards Galaţimarked the start of construction of two Platform Supply Vessels – PSV 5000 – for Canadian maritime services provider Atlantic Towing. The 90-metre vessels are part of a multiple vessel order


MMT Presents Surveyor Interceptor ROV (SROV)

SROV_Surveyor Interceptor ROV_MMT WEB.jpg

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 1Q 2015 Revenue Up

Courtesy of Aker Solutions

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


Maritime Innovation Award for Subsea Industries

RINA

  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 Adds OSV to Service Line

OSV Clean Ocean (Photo: Aqueos Corporation)

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.  


Jan De Nul Orders SRI Duo

Subsea Rock Installation vessel. Photo provided by Jan De Nul Group

 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 Bags Norwegian North Sea Contract

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


OSRCL Inks Maintanence Deal with Wood Group

Courtesy Wood Group Kenny

  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.  






 
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