Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (August 08 – August 14).
Subsea 7 and Swagelining have cooperated together as a partnership, designing and installing in excess of 150km of reeled and bundled polyethylene (PE) lined water injection flowlines in the North Sea, for a number of operators and developments.
The vessel has been moored in Rotterdam’s Alexiahaven since January 2015 for installation, commissioning and testing of the topsides lift system.
The initial consideration is GBP 9 million in cash, with further future consideration of up to GBP 1 million subject to certain profit targets being met by February 28, 2017, the company explained.
GE has signed an exclusive memorandum of understanding (MoU) with L&T Hydrocarbon Engineering to manufacture subsea manifolds destined for future deep water projects in the Krishna-Godavari basin on the east coast of India.
L&T’s 600,000 sq.m. modular fabrication facility in Tamil Nadu was chosen as the production site to manufacture hardware for the seabed.
The contracts are with several new clients across a number of sectors and include construction support, cable lay and protection, survey and inspection repair and maintenance (IRM).