Norway's PSW Group mobilized and deployed a new capping stack in Fensfjorden, north of Bergen. The deployment, with Wellesley Petroleum, demonstrated PSW's ability to immediately respond to a well control incident. Wellesley tested…
TechnipFMC has been awarded an engineering, procurement, construction and installation contract by Statoil for work on the Peregrino Phase II project in the Campos Basin offshore Brazil. The contract covers the execution of the subsea…
New exploration in the North Sea will be supported by a US$6.7 million (£5 million) UK government fund for 2018/19, Philip Hammond announced today (25 September) during a visit to Aberdeen and Dundee. The funding will be used by the Oil and…
MHWirth has taken a 20% stake in Norwegian technology firm Electrical Subsea & Drilling in exchange for technology it has developed in well barrier technology for blow out preventers. Electrical Subsea & Drilling (ESD) is working on the…
Independent oil firm i3 Energy says detailed engineering studies into a tieback for its Liberator field have started. The firm is looking to tie the field into the Blake field host infrastructure, then through the Bleo Holm floating production storage and offloading (FPSO) vessel…
ROV services firm M² Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill, Aberdeenshire, UK. The indoor fresh water tank, which can hold 73,600 liters of water, has been created for testing ROVs and ancillary equipment…
TechnipFMC has been awarded an engineering, procurement, construction and installation contract from Hurricane Energy for the Lancaster early production system (EPS), west of Shetland. Hurricane took final investment devision on the project yesterday…
Wood Group has been awarded a new contract by China National Offshore Oil Corp. (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract…
Global subsea equipment specialists Ashtead Technology has named Brett Lestrange as UK regional director. Brett Lestrange Source: Ashtead Lestrange, who has more than 25 years’ experience in the subsea industry…
Baker Hughes, a GE company (BHGE) has won a major subsea contract from Petrobel for phase two of the supergiant Zohr gas field in the Mediterranean Sea, offshore Egypt. BHGE will provide project management, engineering procurement, fabrication…
The Shah Deniz consortium launched Khankendi, a new state-of-the-art subsea construction vessel, for the giant Shah Deniz 2 project in the Caspian Sea. Khankendi. Image from BP Twitter. The…
Wood Group secured a new, five-year contract with Inpex Operations Australia (Inpex Australia) to provide subsea engineering services for the integrity of the Ichthys LNG Project, offshore Western Australia. Image from Inpex…
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…
Subsea 7 has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new US$300 million reel-lay vessel and associated pipe lay equipment for delivery in early 2020. A firm contract is expected to be awarded before the end of 2017…
In a sustained low oil price environment, operators are facing increased pressure to reduce costs and minimise risk when making a final investment decision (FID) on a project, resulting in many capital intensive offshore developments being shelved…
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