Much of the recent commentary concerning the decline in oil prices has focused on US onshore production, specifically whether the continued extraction of unconventional resources is viable at current prices. Undoubtedly, this will be a key issue for the dynamics of global supply…
Forum Energy Technologies subsidiary Sub-Atlantic has secured three international contracts with a combined value of over £3.5 million for the manufacture of three specialist remotely operated vehicles (ROVs). The firm will provide IKM Subsea in Norway…
Subsea well intervention activities are expected to flourish over the next five years, predicts analysts Douglas Westwood. Despite the recent plunge in oil price, the firm says it expects the global subsea wellstock to increase over the period by 41%…
Offshore Ireland focused exploration firm Providence Resources has confirmed that it has received a judgement in its favor in a ruling over costs Transocean was claiming against it. The case related to cost claims made by Transocean…
Nexans provided its first delivery for the subsea direct electrical heating (DEH) system to be used at BP's Shah Deniz Stage 2 development off Azerbaijan in the Caspian Sea. Nexans is tasked with supplying a comprehensive subsea DEH system…
MENCK’s “Gentle Giant” will be used to assist Bilfinger Marine & Offshore Systems with the installation of subsea foundations for Project Sandbank, a new 72 turbine strong wind farm in the North Sea. The Gentle Giant…
Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems, designed and manufactured for ROVOP and are due to be installed into a new build, tier one pipelay vessel early 2015…
Norwegian subsea contractor Ocean Installer has opened an office in Brazil stating that the country represents significant growth opportunities in the years ahead. “We have seen the need to establish an office to serve the Brazilian oil and gas market…
FMC Technologies received an order worth $393 million from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. Eni is the operator of Block 15/06, while Sonangol EP is the concessionaire…
Germany’s Wintershall increased the recoverable resources for its Norwegian Sea Maria field by 40MMboe. The Maria field. From Wintershall. The field is now expected to reach 180MMboe recoverable resources…
The Petroleum Safety Authority (PSA) of Norway has given Statoil consent to use subsea facilities, pipelines and control cables at Oseberg Vestflanke until 31 December 2025. Oseberg Vestflanke is part of the Oseberg field and has been…
GE has agreed to acquire the Subsea Electric Actuator product line of Oceaneering, a global provider of engineering services and products to the oil and gas industry. The product line goes to market under the Oceaneering Subsea All Electric and Ifokus brand…
Chevron’s subsidiary Star Deep Water Petroleum awarded FMC Technologies a US$268 million contract to provide subsea equipment for operations for the Agbami field’s Phase 3, offshore Nigeria. The Agbami FPSO…
Norway-based ship builder Vard is to design and build a new offshore subsea construction vessel for fellow-Norwegian firm Farstad Shipping. The 98m-long, 21.5m-beam vessel will be of VARD 3 17 design has been developed especially for subsea and inspection…
Subsea 7 has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico. The scope of work involves installation of flowlines, steel catenary risers, umbilicals…
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