Late cycle contractors may have changed the subsea sector for good and as lead times shorten, schedule optimization is an increasingly vital consideration for offshore project developments.In prior generations, a subsea original equipment manufacturer’s…
A newly introduced preservation fluid is designed to provide long-term protection for subsea equipment components and interface profiles.The environmentally friendly Defender Stasis LT from Universal Subsea Inc. (USI) is a lightweight, nontoxic…
TechnipFMC announced Wednesday it has been awarded an engineering, procurement, construction and installation (EPCI) contract by BP for the Atlantis phase 3 project in the Gulf of Mexico.TechnipFMC did not specify the exact value of the contract…
Global deepwater oil and gas development has been plagued for a decade by cost creep in equipment and services. Some of the inflation was warranted as we moved into deeper, harsher and frontier areas, requiring higher equipment specs, more specialized assets and a higher level of risk mitigation…
TechnipFMC has been awarded an extension to its ongoing engineering, procurement and construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure…
TechnipFMC has signed a three-year frame agreement with Woodside Energy in Australia for riserless light well intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services. Under the agreement…
Wood Mackenzie’s Caitlin Shaw provides perspective on the subsea market and how the industry will redefine a “good” year. An illustration of the Mad Dog Phase 2 development in the Gulf of Mexico…
With large-scale projects on hold, subsea tiebacks are accounting for 75-80% of sanctioned projects. Will it last? Elaine Maslin shares Wood Mackenzie’s view. Statoil’s Bryding tieback layout…
GE Oil & Gas has been awarded a contract with Premier Oil Indonesia, for subsea trees and wellheads for the Bison, Iguana and Gajah Puteri (BIGP) fields, in the Natuna Sea. The scope covers subsea trees and wellheads, rental tools and…
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…
Yes, it's that time of the year, when remotely operated vehicles become Santa's reindeer and Christmas trees are, well, actual Christmas trees! Just for you, we've pulled together a selection of some of this year's Christmas videos from offshore industry players…
The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…
Optime Subsea Services, subsea technology company, will merge with engineering house Telemark Technologies to fast-track its subsea installation solution. Telemark Technologies is a supplier of pressurized vessel systems for testing operations of subsea…
Aker Solutions has secured two contracts worth at least US$112 million (NOK 900 million) from DEA Norge to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway. Dvalin illustration…
Aquaterra Energy and Plexus Holdings have developed a light weight, dual barrier high-pressure high-temperature (HPHT) riser system which can be deployed by a jackup as an alternative to semisubmersible installation for HPHT well operations…
Subscribe
