Epci News

Saipem has signed a letter of intent for the development of CO2 offshore transportation and storage facilities as part of the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZTP) projects for the East Coast Cluster in the UK.Saipem signed a Letter of Intent, received by the Northern Endurance Partnership (NEP), a joint venture between the operator BP, Equinor, and TotalEnergies, and Net Zero Teesside Power (NZT Power), a joint venture between BP and Equinor.The…

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time…

Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions        ‘Green’ methanol has the ability to one day run vessels almost emission-free, and commercial shipping increasingly investigates. Derived today principally from natural gas, methanol is nonetheless available, relatively easy to handle and predictable.

Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW.It will be able to generate clean electricity equivalent to the power needs of over 770,000 people.Prysmian had secured this project in 2020 with a contract awarded by EDF Renewables and its partners.Asso.subsea was contracted by Prysmian Group to execute the seabed preparation, installation and protection works for the cables.

Gulf Island Fabrication, Inc. has been awarded multiple subsea fabrication projects from a leading integrated subsea engineering, procurement, construction and installation (EPCI) company.The projects consist of procurement, fabrication, coating and testing of subsea structures for multiple developments located in the Gulf of Mexico. The fabricated components include pipeline end terminations (PLETs), jumper kits, jumpers and sleepers that will be fabricated at Gulf Island’s Houma fabrication facility.

Shell has authorized contractor McDermott International to start engineering work on its Manatee gas field development project off Trinidad and Tobago's east coast, the contractor disclosed on Tuesday.Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project and its petrochemical plants have been operating at reduced capacity due to a shortage of natural gas.McDermott said it got the green light to proceed on an engineering, procurement, construction and installation (EPCI) contract pending an investment decision.

Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore.Under the contract, TMC will provide a large-capacity marine compressed air system, including compressors for control and service air on board the FPSO.TMC will manufacture and assemble the equipment in Europe and deliver it to CMHI in China.

Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global forecast translates demand to a requirement to pre-lay more than 6,000 mooring spreads within the forecast period and the hook-up of around 5,400 turbines. The available market for vessel owners, ranging from pure T&I to full floater EPCI scopes of work, amounts to $28-145 billion in the forecast period.

Subsea 7 has signed a three-year strategic partnership with Talos Energy to deliver commercial solutions for subsea engineering, construction and installation projects in the U.S.

Italian power cable making and installation group Prysmian Group has chosen the name Monna Lisa for the new 171-meter cable-laying vessel that is currently under construction in Romania. The vessel is the sister ship to Prysmian's Leonardo da Vinci cable layer."The name of the new ship has been chosen through an internal survey conducted among all 30,000 employees, similar to the process followed to name the Leonardo da Vinci. As a result, Prysmian chose Monna Lisa, which perfectly incorporates the strong connection with the sister vessel named after the Italian Renaissance artist…

Singapore-based Cyan Renewables has contracted Ulstein Design & Solutions BV to design a series of new floating foundation installation vessels (FFIV) dedicated to offshore wind. Ulstein said that the new FFIVs would feature adequate deck space and crane capacity to meet developments in foundation design, including monopiles and jackets. In addition, they will also have low emission capability, using a hybrid power system consisting of dual-fuel engines (methanol), shore power and a battery energy storage system.Torgeir E.

Subsea 7's renewables-focused offshore installation subsidiary Seaway7 on Thursday announced it has struck a deal with offshore services company Saipem to collaboratively pursue projects in the growing offshore wind industry.Under the commercial collaboration agreement, the companies plan to jointly identify, bid and execute fixed offshore wind projects, seeking those "where the combined utilization of the companies’ complementary world-class assets, technologies, products and competencies will generate significant synergies and improve project economics"…

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD). This represents a 7% increase on 2021, with Westwood anticipating an additional 180 kboepd of FPS throughput capacity to be sanctioned before the end of the year.

Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field development project offshore Guyana.The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related to the FPSO design and to secure the second M350TM hull for FPSO service.Following FEED and subject to government approvals in Guyana of the development plan…

French offshore vessel services firm Bourbon has set up a new division dedicated to offshore wind called Bourbon Wind, which will support the group's ambition to become a major player in the entire value chain: pre-studies,  transport and installation services, field maintenance, floaters repair, and personnel transport. Bourbon Wind will coordinate all the group's activities in the offshore wind field, creating important cross-functional synergies:  Bourbon Subsea Services for development studies…

Denmark's Maersk Supply Service and renewable energy pioneer Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast-growing sector within floating offshore wind.The companies say they intend to combine their respective strengths to meet the significant expansion predicted for floating wind. Specifically, they will offer comprehensive and integrated engineering, procurement, construction and installation (EPCI) solutions for foundations and moorings.They said that "This integrated approach will streamline the value chain…

Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil.The oil and gas field is located around 200 km offshore Brazil in the Santos Basin, in water depths of around 2,000 meters.The LNTP is valued at up to $50 million. Saipem’s share is worth approximately $25 million.Upon completion of the LNTP…

Mobile, Ala. repair yard Alabama Shipyard, LLC announced it has appointed Greg Wagner as its new chief executive officer (CEO).Wagner is joining the Alabama Shipyard team from the position of CEO at Navarro Capital Partners LLC., an oil and gas industry marine and subsea construction support services provider.Wagner is a graduate from the State University of New York Maritime College and has held various management and executive positions in marine operations, business development, and project and asset management.

Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea, about 310 km from the Norwegian mainland. Equinor is the operator of the field (35%), with partners OMV Norge AS (25%), Petoro AS (20%), Idemitsu Petroleum Norge AS (10%) and Lundin Energy Norway AS (10%).The intended FEED contract includes an option for engineering, procurement, construction and integration (EPCI) of the topside for the FPSO. The scope of the FEED is to provide front-end design- and engineering for a circular floating production…

Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has been looking to deploy another FPSO at the field for full-field development.The oil company and the Malaysian FPSO supplier had in August signed…

Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil.The completion of the acquisition is contingent on compliance with the agreed contractual conditions and is expected to occur in the first quarter of 2022. "The acquisition of FPSO is another important step towards the implementation of the Definitive System of the Atlanta Field. The negotiated terms allow the project to have a low breakeven and attractive returns. If we are successful in sanctioning the project, Atlanta’s production will reach around 50 thousand barrels of oil per day as of 2024, creating substantial value for our shareholders,” said Décio Oddone, the Company’s CEO.

According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected.Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market.Per Rystad, demand for FPSO units in Brazil was a significant contributing factor that drove 2021 growth…

Danish offshore vessel operator Maersk Supply Service has secured a one-year contract for its Maersk Connector cable laying vessel with Seaway 7, a renewables branch of offshore installation firm Subsea 7.Seaway 7, which is set to merge with vessel owner OHT, will take the 138.35 meter-long vessel on a one-year charter, with an option to extend for six more months.Starting in October 2021, the Maersk Connector will initially work in the North Sea region and is expected to move to Asia after that. The cable layer was delivered in 2016 by the Dutch shipbuilder Damen.“Maersk Connector is a state-of-the-art cable-laying vessel with a highly skilled crew.