Offshore Subsea News

 

TechnipFMC to Split into Two Companies

Aug 26, 2019

Franco-American oil services firm TechnipFMC Plc said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.TechnipFMC…

JFD Acquires Closed Bill Diving System

Aug 26, 2019

JFD, an underwater capability provider serving the commercial and defense diving markets, and part of James Fisher and Sons plc, has announced that it has acquired the closed bell saturation diving system and associated assets formally owned by The Underwater Center…

Oil Price Controls Subsea Market Growth

Aug 23, 2019

The subsea market in 2019 will experience year-on-year growth for the first time since 2014. But the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to analyst Rystad Energy.“We expect the subsea market to thrive during the coming years…

GC Rieber Shipping Fleet Utilisation Hits 100%

Aug 22, 2019

Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions said that the…

UDS Lines Up Work for Ultra Deep Matisse

Aug 22, 2019

Singapore-based Ultra Deep Solutions (UDS) said it has signed the newbuild dive support vessel Ultra Deep Matisse to a long term contract for a major EPC player. The contract is said to be worth between $50 million to $250 million.The 143-meter…

TechnipFMC Tallies Shell PowerNap Award

Aug 22, 2019

TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract by Shell for the deepwater PowerNap project, located in the US Gulf of Mexico, the services company announced on Thursday.The award, an integrated…

Topaz Revenue Climbs

Aug 22, 2019

Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million…

TechnipFMC’s iEPCI

Aug 22, 2019

An integrated contract model combining the supply of subsea production systems (SPS) with the design and installation of subsea umbilical, risers and flowlines (SURF) has emerged as a top project-getter for services company TechnipFMC.The London-headquartered company…

Wild Well Control Adds 10K Capping Stack

Aug 21, 2019

Well control and engineering services company Wild Well Control said it has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment.The 10,000 psi-rated (10K) stack is rated to water depths of 10…

Rever Concludes North Sea Campaigns

Aug 21, 2019

Subsea services provider Rever Offshore said it it has completed multiple projects within the North Sea in 2019, building upon existing frame agreements which has allowed clients quicker access to its fleet of specialized subsea support vessels and team…

Forum Sells Its Stake in Ashtead Technology

Aug 21, 2019

Oilfield products company Forum Energy Technologies said it has reached a deal to sell its aggregate 40% interest in subsea rentals company Ashtead Technology to Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead…

Subsea 7 Seeks Engineers - From Any Sector

Aug 21, 2019

Offshore contractor Subsea 7  isn't limiting its search to the offshore and subsea talent pool as it looks to grow its engineering team. The company said it is offering experienced engineers from all sectors the opportunity to forge a new career in the subsea industry…

FES Bags Multiple DBSC Orders

Aug 21, 2019

Fluid transfer systems provider FES International said it has secured four new orders to deliver is Diver Bend Stiffener Connectors (DBSCs) to projects across Asia, Africa and Europe.The 31 DBSCs will be supplied for projects taking place in the Johan Castberg field in the Barents Sea…

Subsea Network Repaired in the North Sea

Aug 21, 2019

Faulty elements in the subsea network within the Greater Guillemot Area field were diagnosed and replaced within 24 hours of the start of a recent fault-finding campaign, subsea testing tools manufacturer C-Kore Systems said.The GGA area in…

Aker Solutions Wins ADNOC Umbilicals Contract

Aug 21, 2019

Norwegian engineering and equipment firm Aker Solutions said it has secured a NOK 700 million ($78.2 million) order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located offshore…

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