Epc News


Sarens PSG Bags Moray West Monopiles Contract

Jan 26, 2023

Sarens PSG, a joint venture between Sarens and PSG Marine & Logistics established in summer 2022, has won a contract to undertake the marshalling work at Invergordon of 62 monopiles prior to installation as part of the Moray West offshore wind farm offshore the UK…

New Contracts for Tekmar's Pipeshield, Subsea Innovation

Jan 10, 2023

Offshore services firm Tekmar Group said Tuesday that its group companies Pipeshield International Limited and Subsea Innovation Limited had secured several significant contracts.According to Tekmar, Pipeshield International Limited has won…

Aker Solutions, Drydocks to Upgrade Petrojarl Knarr FPSO for Deployment at Equinor's Rosebank Field

Jan 09, 2023

Norway's Aker Solutions will upgrade Altera Infrastructure's Petrojarl  Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor's Rosebank field development, offshore the UK. Petrojarl Knarr was built by Samsung…

Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022

Dec 09, 2022

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3…

Prysmian Group to Install Subsea Power Cables for ADNOC's Artificial Offshore Island

Nov 15, 2022

Italy-based Prysmian Group, which makes and installs energy and telecom cable systems, has secured a €60 million (~$62,5 million) contract for laying submarine cables for the already secured Project Lighting HVDC 320 kV interconnection project in the UAE…

GMS Nets 22-Month Contract for One of Its Jack-up Units

Sep 27, 2022

GMS, a UAE-based provider of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Tuesday it had secured a new contract.The 22-month contract is for an E-Class vessel with an unnamed EPC client in the MENA region…

ADNOC Eyes Higher Gas Output with $548M Lower Zakum Subsea Pipeline Deal

Sep 13, 2022

Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…

Semco Maritime, PTSC M&C to Build Substations for Offshore Wind Project in Taiwan

Aug 17, 2022

Hai Long Offshore Wind Project has awarded the EPC contract to a consortium consisting of Semco Maritime and PTSC M&C for the two offshore substations for the Hai Long 2 and Hai Long 3 wind farms offshore Taiwan. The consortium was named a Preferred Supplier back in October 2021…

Hunting's Titanium Stress Joints for Beacon Offshore Energy's Shenandoah Project

Aug 16, 2022

Energy industry services company Hunting PLC has won a contract to provide titanium stress joints through multiple EPC Contractors for Beacon Offshore Energy’s Shenandoah development in the Gulf of Mexico.Hunting will provide (2) 10.75” Titanium Grade 29 Stress Joints utilized for Production…

Vattenfall Taps Aberdeen-based Engineering Firm for Offshore Wind Service Work

Aug 09, 2022

Aberdeen-based PD&MS Group has won a three-year operations and maintenance (O&M) contract with Vattenfall to support its offshore wind farms in Europe.The contract, of an undisclosed sum, will see the engineering, procurement, construction and commissioning (EPCC) specialist providing support…

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

Aug 08, 2022

FPSO leasing specialist MODEC and Toyo Engineering Corporation have executed a deal to form a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of FPSO vessels. The establishment of the joint venture company…

QatarEnergy Awards Major EPC Deal for North Field Expansion Project

Apr 28, 2022

QatarEnergy has awarded a major engineering, procurement, and construction (EPC) contract for the North Field Expansion Project, which it says marks the final major milestone to deliver the project which will boost Qatar’s LNG production capacity to 110 million tons per annum (MTPA)…

Rising Calls for U.S. LNG Revive Stalled Export Projects, but at Higher Costs

Apr 21, 2022

Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…

Floating “Power Island” - Twenty20 Energy Systems' IPO Planned for 2Q

Feb 14, 2022

Asia Pacific Energy Ventures said Monday it would carve out subsidiary Twenty20 Energy Systems with plans to take it public on the Nasdaq in the second quarter of 2022.Based in Singapore, Twenty20 Energy was formed in 2014 as a subsidiary of APEV…

Ørsted Completes Sale of Borkum Riffgrund 3 OWF Stake to Glennmont

Feb 10, 2022

Denmark-based offshore wind developer Ørsted has completed the sale of a 50% stake in the 900MW Borkum Riffgrund 3 offshore wind farm in Germany.The deal, with funds managed by Glennmontpartners, was first announced in October 2021. Ørsted at…

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