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 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 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
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 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
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 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 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 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
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
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt, the country's largest shipper by assets said, in an attempt to weather a squeeze in margins from a severe industry
Norway’s Prime Minister Erna Solberg, along with Jan Grevstad, Norwegian Ambassador to the Republic of Korea, and other Norwegian government officials, visited Hyundai Heavy Industries (HHI) to meet with Choi Kil-seon, chairman and CEO of HHI, and Kwon Oh-gap, president and CEO of HHI.
South Korean banking group KB Financial Group Inc is acquiring a controlling stake in brokerage Hyundai Securities Co Ltd for 1.25 trillion won ($1.09 billion) in a high-priced bet on diversification. About two-thirds of KB Financial's 2015 net profit came from its banking unit
DONG Energy <IPO-DONG.CO> has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday.
Technip has been certified as a Top Employer Global 2016 for the second year in a row. The Global certification is a recognition launched last year for the first time by the Top Employers Institute. Out of the eight global organizations rewarded this year
Ballast water treatment (BWT) specialist Optimarin is continuing its strong start to the year, with the news that its Optimarin Ballast System (OBS) has been selected for nine Sinopacific Shipbuilding Group AHTS vessels. The contract win comes on the back of a recent ten unit order from Atlantis
Technip has been recognized as industry leader and has received Gold Class distinction for its sustainability performance in the ‘Energy Equipment and Services’ sector according to the 2016 RobecoSAM Sustainability Yearbook. Technip has been listed in the Dow Jones Sustainability
Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore in February and includes the provision of air diving services to assist with the disconnection and abandonment of risers
A device from multi-award winning NMEA specialists, Actisense, has been recognized with an award from the National Marine Electronics Association. Actisense has received an award from the National Marine Electronics Association (NMEA) in recognition of their popular EMU-1 (Engine
South Korea's big three shipbuilders are set to post over 8 trillion won (US$6.66 billion) in operating losses in 2015 because the industry has not found a way out of a prolonged slump, reports Yonhap. According to the industry data
Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported. Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)
Daewoo Shipbuilding & Marine Engineering Co Ltd said on Tuesday it will issue new shares worth 414 billion won ($353.1 million) to improve its financial position. Daewoo Shipbuilding, the world's largest shipbuilder in orderbook by tonnage
Kelvion, formerly GEA Batignolles Technologies, was recognize with a 2015 French-German Economy Award, presented in the beginning of December at a ceremony held in the Pavilion Gabriel on the Champs-Élysées to six winners for their French-German collaboration in activities involving
Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grains area at Santos Port, the first terminal to be leased by the government under a 2012 law meant to bring investment and upgrade infrastructure. Louis Dreyfus Commodities makes up 60 percent of the winning
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by South Korean finance house Korea Asset Management Corporation (KAMCO) next year, reports Korea Times. The company has bought 33