Fuglesangs Subsea News

 

Subsea Tiebacks: A Troll with a Kinder Surprise

Apr 25, 2021

Equinor’s Troll Phase 3 project has been described as a real Kinder surprise. It’s Equinor’s most profitable project ever and comes with a minimum CO2 intensity for an offshore project. Elaine Maslin takes a look.Later this year, Norway’s Equinor…

2020: A Year Like No Other with a Mixed Outlook for Subsea

Apr 22, 2021

On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…

Subsea 7 Expects 2021 Results to be Adversely Impacted by Virus, But Forecasts Rise in Revenue

Feb 25, 2021

Offshore installation contractor Subsea 7 expects its 2021 results to be adversely impacted by costs associated with the Covid-19 pandemic, including more contagious, new variants of the virus.Despite this, the company expects that revenue in 2021 will exceed the 2020 revenue level…

Reach Subsea Charters Two Olympic Vessels

Nov 30, 2020

Norwegian subsea services provider Reach Subsea has chartered two subsea vessels from Olympic Subsea, citing an expected increase in work activity in 2021.Reach Subsea said Monday it has had a busy 2020, despite market turbulence, and against a backdrop of the expected increase in activity…

Subsea Valve Actuator certified for Safety Integrity Level 3

Nov 04, 2020

The new concept for Subsea Valve Actuators (SVA) from Bosch Rexroth has been certified by DNV GL for application in safety systems with up to Safety Integrity Level (SIL) 3 requirements. The SVA is a self-contained actuator for opening and closing…

UK: Subsea Expo Delayed Due to Covid-19 Restrictions

Nov 04, 2020

Subsea Expo - a UK-based event focused on subsea engineering - has been postponed due to the current coronavirus-imposed restrictions.Subsea UK, the organizer of the event said Wednesday that the three-day conference and exhibition, along with the annual Subsea Awards dinner…

Airborne Oil & Gas to Deliver TCP Jumpers for Julimar Field in Australia

Sep 02, 2020

Airborne Oil & Gas has received an order for the delivery of two Thermoplastic Composite Pipe (TCP) Jumpers, in what the company says is the first time its TCP technology is being used in the region.The Dutch company has been contracted by Subsea 7 to supply 2” 10…

Subsea 7 Nets "Sizable" Contract Offshore Trinidad

Sep 01, 2020

Oslo-listed offshore services company Subsea 7 has won a 'sizable' contract for work offshore Trinidad & Tobago. This means the value of the contract falls between $50 million and $150 million.Subsea 7, which did not say who the client was, said the contract was for the project management…

IOG Taps Subsea 7 for North Sea Project SURF

May 07, 2020

Offshore installation company Subsea 7 has won a contract by Independent Oil and Gas (IOG) to provide Subsea, Umbilicals, Risers, and Flowlines (SURF) for Phase 1 of IOG's Core Project in the UK Southern North Sea.Subsea 7 will be responsible for the project management…

Subsea 7 Bags Chevron's Anchor SURF Deal

Apr 14, 2020

Offshore installation and construction firm Subsea 7 has won a contract to deliver subsea equipment and flowlines for Chevron's Anchor development in the U.S. Gulf of MexicoThe US supermajor Chevron sanctioned the $5.7 billion deepwater Anchor project in December 2019…

Tidal Power Firm gets Funding from Scottish Gov't

Mar 25, 2020

Tidal energy developer MeyGen Ltd has been awarded a £1.545 million grant from the Scottish Government's Saltire Tidal Energy Challenge Fund.The proceeds will be used to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array…

Deep Down to Repair Umbilicals for Two Oil Operators

Jan 10, 2020

Subsea equipment specialist Deep Down has received orders from two independent oil and gas operators for emergency umbilical repairs in the U.S. Gulf of Mexico and West Africa. The company said Friday that both projects included design, engineering…

Woodside Executes Sangomar Contracts As FDP Approved

Jan 10, 2020

Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the 'execute phase' of activities. The FDP approval comes just days after Woodside and its partners received…

Forum Upgrades Hyperbaric Test Site

Dec 17, 2019

Forum Energy Technologies has completed a three-month upgrade to its hyperbaric testing facility, which will result in an operational time saving to clients of more than 35%.Located at the company’s Kirkbymoorside base in North Yorkshire, UK…

Japan, Scotland Invest in Subsea Technology

Oct 11, 2019

Scottish and Japanese companies will receive £9 million from a joint fund to work together on innovative subsea technology.Combined with investment made by the companies themselves, a total of £20.9 million of industrial research and development will go ahead…

Current News

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