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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.


Technip Bags Woodside's Subsea Contract

Courtesy Technip

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;


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


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


DOF Awarded IMR, Subsea Installation Work

Photo: DOF Group

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 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.


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


Wood Group Bags Alexandroupolis FEED

Bob MacDonald, CEO of Wood Group’s Specialist Technical Solutions business. Photo: Wood Group

 Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece.   The project, to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit (FSRU)


Subsea 7 Acquires EMAS Chiyoda Subsea Assets

Photo: Subsea 7 S.A.

Subsea 7 S.A. said it has acquires certain businesses of EMAS Chiyoda Subsea (ECS) under a U.S. bankruptcy code Chapter 11 Plan of Reorganization, confirmed by the U.S. Bankruptcy Court for the Southern District of Texas and became effective on June 29, 2017.  


GC Rieber Gets Extension for 'Polar Onyx'

Polar Onyx. Photo: GC Rieber

 Norwegian offshore shipowner GC Rieber Shipping has entered into an agreement to extend the fixed contract period for "Polar Onyx," according to a press release.   The agreement secures the ship until the end of August 2017


Standard Club Establishes New Offshore Advisory Committee

Logo: The Standard Club

 The Standard Club is driving developments in offshore P&I with the launch of the Standard Club Offshore Advisory Committee (SCOAC). SCOAC aims to analyse offshore trends, assist the club in further understanding and disseminating industry best-practice and develop new strategies to


Ardent Celebrates Second Year

BAY OF CAMPECHE, Mexico (Nov. 15, 2016)- Ardent concluded the industry’s largest wreck removal project in the Gulf of Mexico in 2016. (Photo: Ardent)

Salvage and wreck removal company Ardent celebrates its second birthday with the passing of May 1, 2017. Ardent maintains a zero lost time incident record since its inception. “Despite the initial focus on implementing the merger and challenging market conditions Ardent has


AMSOL Bags New Contracts

Photo: African Marine Solutions Group (AMSOL)

African Marine Solutions Group (AMSOL) has been awarded two recent milestone contracts following the acquisition of SMIT Amandla Marine in December 2016   AMSOL has been awarded a five-year contract by the South African Department of Transport to operate the standby tug utilized as


ECO Affiliates Ink 5-Year Deal with Shell for IMR Vessel

Island Enforcer (Photo: ECO)

Two affiliates of Louisiana-based Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel.


Harvey Gulf Grows Fleet, Inks Long-term Contracts

Image: Harvey Gulf

As vessel many vessel operators are stacking vessels and reducing fleet size, Harvey Gulf International Marine said it has signed four non-cancelable, long-term contracts for stacked vessels and has taken delivery of two new vessels, as well as redelivery of a vessel reconfigured for subsea


ACE Winches Delivered Back Deck Solution to Saipem

Photo courtesy of ACE Winches

Deck machinery specialist, ACE Winches has delivered and engineered a back deck solution for Saipem.   Working to a tight deadline of three and half weeks, ACE Winches worked in conjunction with Scantrol AS to supply a deck machinery solution which included an Active Heave Compensation


The New Offshore Reality

(Photo: Oyvind Hagen, Statoil)

As a mix of traditional heavyweights and start-ups fight to keep Norway’s offshore industry afloat, collectively they assess   Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again


Innovative Subsea Crane Ordered for RSV Conversion

Image: Rolls-Royce

 Brazilian ship owning company CBO’s vessel CBO Manoella is currently being retrofitted from an offshore platform supply vessel (PSV) into a ROV Support Vessel (RSV).   As part of the conversion project, CBO has assigned Rolls-Royce to equip the vessel with a new patented hybrid


Global Marine Group Keeping Busy in 2017

(Photo: Global Marine Group)

Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world


Fugro’s Newest Survey Vessel Goes to Work

Fugro Venturer (copyright Fassmer)

 Fugro Venturer, the newest of Fugro’s purpose-designed, standardized survey vessels, has departed on her maiden voyage that takes her to the deep waters of Ireland’s Atlantic margin and the far North of the Barents Sea.  


DOF Subsea Shelves IPO Plans

Pic: DOF ASA

Norway's DOF Subsea has decided to hold off on launching its initial public offering (IPO), citing volatile market conditions.   Company shareholders DOF ASA, with 51 percent, and a fund managed by First Reserve, with 49 percent ownership


BIMCO Updates SUPPLYTIME for Offshore Charters

Anastasios Papagiannopoulos, President of BIMCO. Photo: BIMCO

 Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor.  






 
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