The subsea sector is highly consolidated with just five players servicing the US$12billion annual requirements of the global exploration and production community. The two largest, FMC and OneSubsea, account for approximately two-thirds of the market but despite this…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Tullow Ghana awarded DeepOcean Ghana a contract to provide the services of a multi purpose construction vessel (MPV) offshore Ghana. DeepOcean will provide the inspection, survey and subsea construction on the Tullow operated deepwater Jubilee and TEN fields…
GE launched its new technology center and a new deepwater vertical Xmas tree at this year’s ONS. Meg Chesshyre learned more. The inauguration of GE’s new technology solutions center, including a half-size model of its new deepwater Xmas tree…
Aker Oilfield Solidtions, a part of newly spun-off firm Akastor, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a subsea equipment support Vessel in Brazil. The extension, worth about NOK2…
Douglas-Westwood (DW) forecasts global subsea hardware capex will total US$117 billion (bn) between 2014 and 2018. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations were lower than expected…
Offshore grouting contractor FoundOcean has secured two contracts on the Solan oil field development west of the Shetland in the North Sea. The contracts, with Heerema Marine Contractors and Bibby Offshore,& cover structural grouting on the 8000-tonne Solan platform jacket and its 300…
OneSubsea™ has shipped its 100th subsea tree from its manufacturing facility at Port of Tanjung Pelepas in Johor, Malaysia. The state-of-the-art facility has been operating since 2007 providing subsea wellhead systems, valves and trees across the globe…
FMC Technologies received an order from Eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia. The order has an estimated value of US $720 million in revenue if the full scope of the award is called off…
The North Sea Enoch oil field is due back on stream in early 2014, following restoration work on a new subsea tree and production testing. The Enoch field is on the border between the Norwegian and UK continental shelf, inBlock 15/5,in the southern part of the North Sea…
FMC wins TEN order FMC Technologies Inc. received an order from Tullow Ghana Ltd. to supply subsea systems for its Tweneboa-Enyenra-Ntomme Development (TEN) offshore Ghana. The order's estimated value is US$340 million. FMC Technologies’ scope of supply includes subsea trees…
FMC Technologies, Inc. received an order from Tullow Ghana Ltd to supply subsea systems for its Tweneboa-Enyenra-Ntomme Development (TEN) offshore Ghana. The order has an estimated value of US$340 million in revenue. FMC Technologies' scope of supply includes subsea trees…
Subsea 7 on Cardona Subsea 7 was awarded a contract worth more than US$70 million by Stone Energy for Cardona field in the US GOM. Scope includes engineering, procurement, installation, and flowlines commissioning, risers, pipeline structures…
Shell has awarded FMC Technologies, Inc. a contract to supply subsea systems for the Parque das Conchas Phase 3 development offshore Brazil. FMC Technologies' scope of supply includes seven subsea trees, two manifolds and associated subsea control systems…
OneSubsea has been awarded a £65 million contract to manufacture subsea trees for BP’s west of Shetland Quad 204 project. The Quad 204 project is a re-development of the Schiehallion and Loyal fields, involving a new floating production…
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