WorleyParsons, in joint venture with Grand Isle Shipyard (GIS), has been awarded a five-year master services agreement for engineering, procurement and construction (EPC) services. The JV, GW Integrated Solutions, is prepared to deliver a fully integrated suite of asset management services…
Statoil awarded OneSubsea an engineering, procurement and construction (EPC) contract to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea. The scope of the contract includes a subsea template manifold system…
Norway's Aibel has agreed to take on the role of partner EPC contractor for small pools focused firm Marginal Field Development Co. (MFDevCo)'s marginal field initiative and its future projects. Aibel initially joined MFDevCo's marginal field delivery consortium in February 2016…
OneSubsea has been awarded a US$170 million engineering, procurement and construction (EPC) contract from Belayim Petroleum Co. (Petrobel) to supply the subsea production systems for the first stage of the Zohr gas field, located in the Shorouk Concession…
Backlogs for subsea equipment manufacturers have been historically high in recent years – following record levels of subsea tree orders posted in 2013-2014. The process of working through these backlogs has thus-far cushioned the market against the decline in order activity seen in 2015…
DONG Energy's flagship high-pressure, high-temperature Hejre field development is in a state of limbo after operator DONG Energy said it was terminating a contract for the topsides, despite being well into construction. Contractors Technip and Daewoo Shipbuilding & Marine Engineering…
OneSubsea, a Cameron and Schlumberger company, has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement, and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services. Continuing previous supply agreements with BP…
Aibel, along with other companies, is working on a C study for the second phase of Statoil’s Johan Sverdrup development. The study is managed from Aibel's Oslo office. Image from Aibel. Aibel's…
Statoil Petroleum has signed master service agreements with Aker Solutions and OneSubsea Processing. The agreements form the basis for potential new engineering, procurement and construction (EPC) for subsea equipment in the medium term future…
Marathon Oil subsidiary Marathon Equatorial Guinea Production Ltd. (MEGPL) will soon receive delivery of the Alba B3 compression platform at the Abla gas and condensate field offshore Central Africa, as the platform left Heerema Fabrication Group’s (HFG) yard off Europe this week…
Saudi Aramco and Hyundai Heavy Industries (HHI) have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in Saudi Arabia. The MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering…
Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North Sea, partner Det Norske said. Illustration of Johan Sverdrup…
Statoil awarded FMC Technologies a US$172 million engineering, procurement, and construction (EPC) contract for Phase 1 of the Johan Sverdrup field. The Johan Sverdrup field center. Image from Statoil…
Statoil, on behalf of operator Gassco, awarded IKM Ocean Design an engineering, procurement and construction (EPC) contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee. Three…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
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