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Technip Wins

Technip Awarded GofM Subsea Contract

Technip wins a lump sum contract for development of subsea infrastructure for the Cardamom field located in the Gulf of Mexico, Garden Banks block 427. The field is at a water depth of approximately 830 meters, and the project consists of a subsea tie-back to the Auger tension leg platform, wholly owned by Shell Offshore Inc. The contract covers the project management, engineering, fabrication and installation of the East and West Loop 12.8 kilometer pipe-in-pipe flowlines with associated PLETs and steel catenary risers. Technip's operating center in Houston, Texas will perform the overall project management. The flowlines and risers will be welded at Technip’s spoolbase in Mobile, Alabama. The offshore installation is expected to be performed in the second semester of 2013 by the Deep Blue, Technip’s deepwater pipelay vessel, and the Pioneer, recently added to the Technip fleet with the acquisition of Global Industries. The contract follows notably the delivery to Shell of the umbilical systems for the Perdido development (which are the deepest installed umbilicals in the world, at a water depth of approximately 2,950 meters).  


Technip Gets Callon Deal

Technip said it has won a deepwater pipeline installation contract from Callon Petroleum Company for the Entrada oil field development in the . Technip will be responsible for installation of two 6.5-mile steel flowlines in a water depth of 1,364 m (4,475 ft) connected to two subsea wells, plus pipeline end terminations and inline structures and steel catenary risers which will be hooked up to the Magnolia production platform, at a depth of 1,452 m (4,675 ft), reports said.


Technip Offshore Wins Pipeline Contract

Technip Offshore Contractors Inc., formerly Coflexip Stena Offshore Inc., a U.S. entity of Technip-Coflexip has been awarded by BP America Production Company the fabrication and installation of a deepwater subsea pipeline for their King West Development. The King West well is located in Mississippi Canyon Block 84 in the Gulf of Mexico. The planned field layout for this development consists of one subsea well located in MC 84


Technip Continues Plan to Rebuild Fleet

Technip has reached several new milestones in relation to its strategy to renew and develop the Group’s subsea construction fleet. Technip has signed agreements with Norwegian ship owner, DOF, which provide commitments with respect to two of its new build vessels. First, Technip is teaming up with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with


Aker Yards Secures Contracts for Diving Support Vessels

Aker Yards ASA said it won an order from DOF ASA for a diving support vessel (DSV), and a contract from DOFCON ASA and Technip for a second DSV. For DOF, Aker Yards will build a DSV based on Aker Yards' Aker DSV06 design, while the other DSV will be to the Aker OSCV-06L DSV design. Source: Forbes


Technip Awarded Contract from Bluewater Industries

Technip has been awarded a contract by Bluewater Industries, Inc. for the flowlines, risers, jumpers and subsea structures for the Mirage field development, in the Gulf of Mexico. This field is located in Mississippi Canyon Block 941, at a water depth of 4,050 feet. ATP Oil & Gas Corporation (NASDAQ: ATPG) is 100% owner and operator of Mirage and Bluewater Industries is managing the project. The contract covers engineering for the installation


Technip Wins Brunei Offshore Pipe Contract

Technip awarded flexible pipe supply contract for Champion Field offshore Brunei. Technip has been awarded by Swiber Offshore Construction a flexible pipe supply contract for the Brunei Shell Petroleum’s Champion Field, located 40 kilometers offshore Brunei, at a water depth of 45 meters.  The contract covers the supply of 12 flexible flowlines, with a total length of 19 kilometers. Brunei Shell Petroleum will use these flexible pipes to increase the existing Champion


Technip Wins Important GofM Subsea Contract

Technip awarded Murphy Exploration & Production Co. contract for development of Dalmatian Field in Gulf of Mexico. The lump-sum contract is for work at a water depth ranging from 530 to 1,800 meters on a field  jointly owned by Murphy and Ecopetrol America Inc., comprised of the De Soto Canyon Blocks 4, 47, 48 and 91. The project consists of a subsea tie-back to an existing Gulf of Mexico platform. The contract covers: project management, engineering


Technip PMC Wins ADMA-OPCO Contract

Courtesy Technip

Technip was awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II Full Field Development project – Packages 1, 2 & 3. The Nasr Phase II Full Field Development project serves ADMA-OPCO’s overall strategic objective for the midterm total sustainable production target


Technip Certified to EDGE Standard

Thierry Pilenko, Technip Chairman & CEO

  Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters, have been certified to the EDGE (Economic Dividends for Gender Equality) global standard for gender equality in the workplace. EDGE is the leading global assessment methodology and business certification standard for gender equality applicable across all industries and countries


TechnipFMC Begins Operations Post-merger

Image: TechnipFMC

TechnipFMC has begun operating as a unified oil and gas services company following completion of the merger of Houston-based FMC Technologies and paris-based Technip.   Now with a combined 44,000 employees, the new TechnipFMC will work on oil and gas projects, technologies


Samsung Heavy Trims Operating Loss for 2016

Photo: Samsung Heavy Industries

 Samsung Heavy Industries (SHI), South Korea's second largest shipbuilder,  has managed to reduce its operating loss by around 90 percent due to a stabilization in shipbuilding and offshore construction.   SHI ended the year with an operating loss of KRW 147


Huisman's Brazil Arm Delivers Its First Crane

Photo: Huisman

Huisman said it is about to deliver the first crane built and tested at its production facility in Navegantes, Santa Catarina state, in the south of Brazil. This 50mt (Deck) Knuckle Boom Crane is the first of an order of two 50mt (deck) Knuckle Boom Cranes for DOF/Technip’s Skandi Olinda


Hyundai Heavy Back in the Black

Photo: Hyundai Heavy Industries

 The South Korean shipbuilder Hyundai Heavy Industries (HHI) has reported a net profit of KRW 682.3 billion (USD 596.6 million) for the full year of 2016, returning from a loss of KRW 1.36 trillion (USD 1.18 billion) seen in the full year 2015.  


Is DSME Facing Delisting?

Photo: DSME Co.,Ltd

 South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME),  faced with risks of being delisted from the stock market due to capital erosion, is seeking measures for survival, says a report in Korea Times.   DSME has fallen into the state of complete capital impairment


Korean Air Approves Loan for Hanjin Shipping

File Photo Hanjin

Korean Air Lines, the biggest shareholder of Hanjin Shipping, has approved a plan to provide a loan of 60 billion won ($54.16 million) to the troubled shipper. The support will be offered on condition of securing Hanjin Shipping's Long Beach Terminal as collateral, Korean Air said.


Korea to Inject $2.64 bln into DSME

Photo: Daewoo Shipbuilding & Marine Engineering

 South Korea's state-run banks are expected to raise more than 3 trillion won (US$2.64 billion) to prevent Daewoo Shipbuilding and Marine Engineering (DSME) from being delisted, reports Korea Herald.   Korea Development Bank and the Export-Import Bank of Korea are planning to raise


Hyundai Heavy Turns to Black in Q3

Pic: Hyundai Heavy Industries

 South Korean shipyard Hyundai Heavy Industries emerged from the third quarter with a black bottom line, although with a smaller profit than in the previous quarter, thanks in part to reduced costs and improvement in its non-shipbuilding business.  


Korea Mulls New Ship Financing Company

Photo: Hanjin Shipping Co Ltd

 Reuters report quoting South Korea government sources that the country is planning  to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73 million) to help improve the financial health of Korean shipping companies.   


DSME Creditors Mull Equity Swap

Image: Daewoo Shipbuilding and Marine Engineering

 Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are set to announce a debt-for-equity swap and other measures, worth 3 trillion won (US$2.62 billion), reports Yonhap.   Korea Development Bank (KDB), a main creditor of DSME


S.Korea State Banks to Inject $2.4 Bln into Daewoo Shipbuilding

Struggling Daewoo Shipbuilding & Marine Engineering Co Ltd's will receive an injection of 2.8 trillion won ($2.4 billion) from two state-run creditor banks to save it from being delisted, one of the lenders said.   Daewoo's main creditor, Korea Development Bank (KDB)


New Dive Support Vessel for Technip

Deep Explorer (Photo: Peder Otto Dybvik / Technip)

Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, was officially named on Saturday, November 12, in Norway. The traditional naming ceremony was held at VARD’s Langsten shipyard. The vessel godmother was Heidi Brovoll-Bø, wife of Knut Bø


Designees to The TechnipFMC Board Announced

Logos

Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination. The Board of Directors of the combined company will comprise 14


FMC and Technip to Complete Merger in January

Image:  FMC Technologies

USA subsea equipment firm FMC Technologies and French engineering company Technip have jointly announced that they expect their merger to be formally complete by January 16.   Houston-based FMC and Paris-based Technip will form a new entity called TechnipFMC


DOF Wins Petrobras Contract

Photo: DOF ASA

 Norwegian offshore service company DOF has been awarded a charter contract by Brazilian energy major Petrobras for its pipe-laying support vessel Skandi Vitória.   The contract will commence in January for 532 days. The vessel is owned through a joint venture with Technip






 
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