Subsea 7 inked a contract estimated to be between US$50 million to $150 million with Burullus Gas Co. for the platform extension and tie-in on the first phase of BP's West Nile Delta development of the Taurus and Libra fields, offshore Egypt…
Fluid engineering firm BHR Group has launched a commercially available, open-access downhole test facility, based in Cranfield, UK. The onshore facility is the first of its kind in the UK, providing an easily-accessible, secure, flexible…
Subsea 7 expects to save US$550 million through its plans to cut 2500 jobs and 12 vessels from its fleet, the firm said today as the offshore industry continues to suffer from low oil prices. The firm, which had announced its staff and vessel reduction plans in May…
FMC Technologies is down 15% from 2014, however, its subsea orders were stronger, and the company expects them to steadily increase to exceed US$3 billion in 2015. Image from FMC. The company’s 2Q 2015 revenue came in at $1…
James Fisher Offshore, part of James Fisher and Sons, announces that it has reached an agreement with administrators KPMG to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The investment compliments…
UTEC awarded Sonardyne International Ltd. a multi-million dollar contract to supply Fusion 6G acoustic positioning technology for the Total-operated Moho Nord subsea project, offshore West Africa. Technip’s rigid pipe S-lay and heavy-lift construction vessel…
The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology to improve the sustainable and safe development of energy resources in the Gulf of Mexico…
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…
DeepOcean UK completed work on the Liwan 3-2 development offshore China. The project is part of the Liwan gas project, located 300km southeast of the Hong Kong, and includes the Liuhua 34-2 and Liuhua 29-1 fields. All three fields share a subsea production system…
Statoil’s CEO Helge Lund has continued the Norwegian industry focus on standardization, in light of rising costs, on the opening day of ONS (Offshore Northern Seas) in Stavanger today (August 25). Referring to subsea developments specifically…
Subsea 7’s Autonomous Inspection Vehicle (AIV) has successfully completed its first test mission in the UK North Sea for Shell, the firm announced today (13 August). A series of field trials were undertaken from Subsea 7 vessel the…
Aquatic Engineering and Construction, an Acteon company, celebrated its 40-year anniversary of operating in the North Sea with a celebratory event held onboard the Gulden Leeuw, a three-masted tall ship, moored in Aberdeen Harbour on 24 April…
OneSubsea has signed a five-year frame agreement with Woodside to supply subsea equipment and services for developments in offshore Australia. The agreement covers the potential to provide subsea engineering services, subsea production systems…
Forum Energy Technologies, Inc. received an order from Subsea 7 SA to supply eight work-class remotely operated vehicle (ROV) systems. The ROVs will be delivered through late 2014 and 2015. The order comprises two Perry™ XLX Evo 200HP…
Singapore-based investment-holding company SEA9 Pte. Ltd. moved to acquire all the issued and paid-up ordinary shares in the capital of Kreuz for S$0.80 per ordinary shares in the capital of Kreuz. Swiber will receive a consideration of S$256…
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