Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
FTO Services shows its riserless light well intervention at work in this video. Riserless light well intervention is able to reduce well intervention costs by eliminating the need to use a drilling rig and it also increases the number of well interventions that can be performed…
MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Ltd. for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for 1Q 2017. The…
This week commemorates the fifth anniversary of one of the worst oil spills in US history. On 20 April 2010, 11 lives were lost when BP’s Macondo well blew out, spilling millions of barrels of oil, igniting not just a fire, but change within the oil and gas industry…
A DNV GL-led subsea production systems (SPS) joint industry project (JIP) involving 20 industry players has made a major step forward in addressing this global industry with the first issue of a recommended practice (RP). “The JIP group…
Tampet awarded UK-based Global Marine Systems Ltd. two contracts in the North Sea, designed to further enhance high-capacity communications networks in the area and entail highly skilled route survey, cable installation and protection services…
London headquartered oilfield services firm Petrofac says its loss on the west of Shetland Laggan Tormore project is to reach US$360 million in 2014-2015 amid delays and industrial action. Petrofac's work on the project, a 125km subsea…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
Ezra Holdings’ subsea services division, EMAS AMC, has won multiple new awards from various oil and energy companies worth approximately US$55 million. The Lewek Constellation. From EMAS. The scope of work includes project support…
Nautronix's NASNet array in Statoil’s Aasta Hansteen field is now fully operational and awaiting first field construction, the UK-based firm said. Last year, Nautronix secured an order with Subsea 7 to supply 16 NASNet stations along…
Ophir Equatorial Guinea awarded WorleyParsons a contract for provision of engineering and project management services for their Equatorial Guinea Block R Project, the Fortuna project. Block R map…
Steel forgings are important building blocks for subsea components and are often tailored to meet end-users’ specific requirements. This results in long delivery times and repeated follow-ups throughout the supply chain. With DNV GL’s new…
Hydro Group teamed up with mechanical engineering group EnerMech to launch a new hydraulics hose product, offering lay-up and over-sheathing of hydraulic hoses for use in umbilical, topside and well intervention projects in the oil and gas industry…
Never let a good crisis go to waste, an industry conference in Oslo, Norway, had been told this morning, Image from Aker. The phrase, used by former UK Prime Minister and wartime…
Saipem awarded Kongsberg Oil & Gas Technologies a US$10 million contract for the delivery of subsea structures for the gas export pipeline project of the INPEX-operated Ichthys LNG Project. Image from Kongsberg…