Hess Corp. is moving forward with the US$6 billion development of the Stampede Field in the deepwater Gulf of Mexico after a final investment decision was reached. Stampede, a joint development of the earlier Knotty Head and Pony discoveries…
Technip was awarded a substantial subsea contract by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, approximately 70km offshore the province of East Kalimantan, Indonesia. The contract covers engineering, procurement…
Kleven’s Myklebust Verft signed a contract with Ocean Yield ASA for modifications of the Aker Wayfarer vessel to become a deepwater subsea equipment support vessel (SESV). The Aker Wayfarer. From Aker Solutions…
The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy outside Bergen before being prepared for installation and hook-up to Gullfaks C in 2015, says Statoil. By adding 22MM boe extra from the…
The government of Nova Scotia awarded Petrofac a contract to help identify the best ways to exploit the province’s ultra deepwater oil potential. Under the terms of the agreement, Petrofac is expected to deliver a development study for…
Claxton Engineering was awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf, enabling a field operator to extend the economic life of its platform and well assets. Claxton’s Dubai office will perform diamond wire cutting and subsea drilling and pinning…
FMC Technologies Inc. signed a 10-year global frame agreement with BG Group to supply subsea equipment and services for BG developments worldwide. FMC mentioned the award from BG Group during its earnings call on 22 October 2014. This…
Aberdeen’s Ashtead Technology launched a first-of-its-kind subsea training academy in Aberdeen in the world-renowned subsea center of excellence at Westhill. Ashtead has invested more than US$804,000 in theAshtead Subsea Technology Training…
Even as European stalwarts like Statoil champion for a standardized, “Lego-style” subsea factory, it was the topic of the day at the Houston Technology Center’s Deepwater Technology Symposium. Speakers from DeepStar, FMC Technologies…
Energy services company Proserv has signed an agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Riverstone Global Energy and Power Fund V, LP, in partnership with Proserv management, will acquire 100% of Proserv shares from Intervale Capital…
OneSubsea signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services. The agreement establishes a framework for BG to pursue a standardized approach to subsea production technology…
Noble Energy awarded Nordic Maritime a US$70 million, five-year contract for its DP2 IMR subsea vessel, Mokul Nordic. Mokul Nordic. From Nordic Maritime. The vessel will be performing…
Petrex supported the CNR International's Subsea Project Team during the installation of a multiphase booster pump (MPBP) at the Lyell subsea field in the North Sea. Petrex acted as the CNR International interface for the day-to-day project management of the MPBP vendor…
Norwegian-based subsea contractor Ocean Installer has opened an office in Perth, Australia to meet client demand for subsea construction services. “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy…
FMC Technologies reported a 15% increase in revenues and its highest quarterly subsea margins in four years, thanks to its Subsea Technologies division. Subsea Technologies saw a 16% increase in Q3 revenue, at US$1.3 billion, compared to the previous quarter…
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