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.
Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water depth comprised between 340 and 850 meters. The contract covers project management, design, engineering, procurement, installation and pre-commissioning (EPIC) of: - carbon steel production flowline, carbon steel water injection flowline, flexible risers and flowlines totaling 82.2 km;
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
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 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
DOF and DOF Subsea have been awarded several IMR and subsea installation contracts in the Asia Pacific and Atlantic regions, with a total contract value of approximately NOK 270 million (about $23.8 million USD). The contracts will secure utilization of the subsea project fleet in the regions. In Asia Pacific, OMV New Zealand has awarded DOF Subsea an IMR contract, where the scope of work includes inspection and work on eight mooring lines on the Maari field’s FPSO, Raroa
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.
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.
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
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
Specialist offshore contractor Seaway Heavy Lifting, a 50/50 joint venture between Subsea 7 S.A. and K&S Baltic Offshore (Cyprus) Limited, is now a wholly-owned subsidiary of Subsea 7. Subsea 7 said it acquired the remaining 50 percent shareholding in Seaway Heavy Lifting Holding
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London. This has been further exacerbated by sustained low oil prices
ZF Marine Krimpen is applying Subsea Industries’ Ecoshield hard coating to the nozzles and underwater components of its azimuth thruster units supplied to vessels operating in inland waterways. The Netherlands-based company, a division of Germany’s ZF Group
Oslo-listed oil services firm Subsea 7's Chief Financial Officer Ricardo Rosa told an energy conference in Oslo he sees gradual market recovery as oil prices stabilize, and the outlook for subsea project awards increasing within the next 12 months.
Rudy Teichman, a legend in the U.S. marine salvage industry, founded T&T in 1957, now one of the world’s largest international salvage companies. In a sense, Rudy was larger than life and one who was often referred to as a “force of nature
The DOF Group said a Norwegian limited company not owned by DOF has signed an agreement with Olympic Shipping to purchase two vessels, Olympic Commander and Olympic Hera. DOF and the new owner have entered into an agreement for management and operation of the two vessels
Subsea Industries’ Ecospeed hull protection system has been selected for RRS Sir David Attenborough, the polar research ship under construction at the Cammell Laird shipyard in Birkenhead, Liverpool, U.K. The £150 million contract to build the vessel
Eelume AS has released the first live video footage of its game changing take on underwater intervention vehicles. With the support of Kongsberg Maritime as a development partner, the unique new Eelume robot has torn up the marine robotics rulebook to create a futuristic
Modus Seabed Intervention has successfully completed trialling one of the subsea industry’s first commercially available hybrid unmanned underwater vehicles. It will be one of the first autonomous underwater vehicles (AUVs) to feature the capabilities and characteristics of a remotely
ABS, the leading provider of classification and technical services to the offshore industry, has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers.
Subsea affiliate of Singapore's Ezra files for U.S. bankruptcy A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran short of cash due to a lingering downturn in the oil-and-gas industry.
Subsea Global Solutions acquires All-Sea Underwater Solutions Lariat Partners, a Denver-based private equity firm, announced that its portfolio company Subsea Global Solutions (SGS) has acquired All-Sea Underwater Solutions (All-Sea)
The announcement on the February 28 of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Harkand and Swiber have entered into administration
Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia. Subsea 7 defines a sizeable contract as being between $50 million and $150 million.
Subsea cable systems design, installation and maintenance firm Global Marine Systems Limited, has added the 6,200 ton cable deadweight CS Recorder to its fleet. Built in 2000, the vessel formerly known as the Maersk Recorder, has previously been chartered by Global Marine for