Subsea 7 has posted a record backlog of US$10.4 billion for Q2 2013, with tendering continuing to be high into Q3. But profits were hit by a US$300 million loss provision on the Guará-Lula NE project, offshore Brazil. Jean Cahuzac…
The subsea industry is doing incredibly well, but it needs to reduce costs and invest more in technology development—according to the key note speaker at this week's UTC 2013. Kristian Siem, chairman of Subsea7 and its parent company Siem Industries…
Singapore-based SMOE has awarded a Letter of Intent for the delivery of the living quarters for the Ivar Aasen platform to Apply. Det norske is the operator of the Ivar Aasen field.The project will be carried out by Apply’s business area LQ & Helidecks…
GE Oil & Gas 2013 Annual Meeting, in its 14th consecutive year, was attended by more than 1000 oil and gas industry executives from over 70 countries. Meg Chesshyre joined the multitude in Florence, Italy.Gorgon module loading at Avenza, ItalyAt the beginning of the two day event…
Martin Linge field illustrationTotal picks Technip for Martin Linge topsidesTechnip, leader in a consortium with Samsung Heavy Industries (SHI), was awarded by Total E&P Norge, a contract for the Martin Linge development project located approximately 180km west of Bergen…
Martin Linge field illustrationSubsea 7 grants ABB $170Mln power cable deal Subsea 7 has chosen ABB to build a power link between two North Sea oil and gas fields and the Norwegian power grid, ABB announced on 6 December 2012.The project…
A number of operators on the Norwegian shelf revealed updates of their field development plans at the recent Offshore Northern Seas conference in Stavanger, with a substantial list of projects and refurbishments going forward as part of the revitalisation of the Norwegian shelf…
Against a background of continuing financial uncertainty the oil price remains reasonably high, as does the level of activity in the North Sea, particularly in Norway with the planned development of the substantial Johan Sverdrup find. Reserves estimated at 1…
Subscribe
