Tag Archive

Baker Hughes Awarded Subsea Contract by Petrobel

Baker Hughes Awarded Subsea Contract by Petrobel

September 11, 2017 No Comments

In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company (NYSE: BHGE) announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. The project underscores the company’s […]

TechnipFMC Announces Second Quarter 2017 Results

TechnipFMC Announces Second Quarter 2017 Results

July 27, 2017 No Comments

TechnipFMC plc (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982) (NYSE and Euronext: FTI) today reported second quarter 2017 results. Total Company net income was $164.9 million. Despite lower revenue, segment operating profit and adjusted EBITDA improved from the prior year. Adjusted EBITDA, which excludes charges and credits, was $501.3 million, an increase of 44.3 percent from the prior year; […]

TAQA Awards Schlumberger EPCIC Contract

TAQA Awards Schlumberger EPCIC Contract

July 18, 2017 No Comments

OneSubsea, a Schlumberger company, announced the award of an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. Through the EPCIC contract, OneSubsea and its Subsea Integration Alliance partner, Subsea 7, will supply and install a subsea multiphase boosting […]

Shell purchases deep-water production and storage vessel

Shell purchases deep-water production and storage vessel

July 13, 2017 No Comments

Shell Offshore, Inc. announces that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The vessel is contracted for the Stones deep-water development in the Gulf of Mexico, which began production last year. Shell and SBM […]

Aker Solutions Announce Second-Quarter Results

Aker Solutions Announce Second-Quarter Results

July 12, 2017 No Comments

Aker Solutions delivered another period of strong execution on major projects globally in the second quarter of 2017 and made good progress on improvement efforts that supported margins. The company secured NOK 3 billion in orders, including a contract to deliver three umbilicals and equipment to ENI’s Coral South project and an order from Statoil […]

C-Kore Systems signs agreement with Shell for subsea technology

C-Kore Systems signs agreement with Shell for subsea technology

July 6, 2017 No Comments

C-Kore Systems have developed a new subsea technology which will save the UKCS subsea industry time and money. The new subsea technology was utilised on Shell’s Corrib field. The C-Kore units found the root cause of multiple IR faults, allowing the field to be brought back to full performance. The CKore Subsea Testing Tools are […]

GE Oil & Gas And ENI East Africa Sign Long-Term Partnership Agreement

GE Oil & Gas And ENI East Africa Sign Long-Term Partnership Agreement

June 27, 2017 No Comments

GE Oil & Gas (NYSE: GE) has signed a long-term agreement to collaborate with EEA, on the offshore Mozambique developments it operates. The move underlines GE Oil & Gas’s commitment to expand its global footprint while supporting local investment in Africa, and re-affirms its leadership in large bore technology and cutting-edge subsea equipment and services. […]

Wood Group wins Statoil concept and feasibility study contracts

Wood Group wins Statoil concept and feasibility study contracts

June 12, 2017 No Comments

Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Effective immediately, the company will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities. In addition, Wood Group will provide a […]

TechnipFMC Awarded Contract Offshore Mozambique

TechnipFMC Awarded Contract Offshore Mozambique

June 2, 2017 No Comments

TechnipFMC (Paris:FTI) (NYSE:FTI), together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers the Engineering, Procurement, Construction, Installation, Commissioning and Start-up (EPCIC) of the Coral South FLNG facility and its associated risers and subsea flowlines […]

TechnipFMC Awarded Subsea Contract for ExxonMobil Liza in Guyana

TechnipFMC Awarded Subsea Contract for ExxonMobil Liza in Guyana

April 27, 2017 No Comments

TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the proposed Liza deep water project. The award scope includes seventeen total enhanced vertical deep water trees and associated tooling, as well as five manifolds and associated controls and tie-in equipment. “We […]

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