Search results for: $1.1B

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A list of search results

  • 7 November 2013

    Keppel FELS Limited (Keppel FELS), a wholly – owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5 KFELS Super B Class jackup rigs for $1. 1 billion. The rigs are scheduled to be delivered progressively from 1Q 2016 to 3 […]

  • 31 July 2018
    Exploration & Production

    Offshore drilling company Transocean posted a net loss attributable to controlling interest of $1.135 billion. The results were affected by impairments of $1.117 billion.

  • 1 July 2019
    Business & Finance, Operations & Maintenance

    DP World has acquired Topaz Energy and Marine from Renaissance Services SAOG and Standard Chartered Private Equity / Affirma Capital for an enterprise value of $1,079 million. Topaz, with a contract backlog of $1.6 billion as of 31 March, operates a fleet of 117 vessels, predominantly in the Caspian Sea, MENA, and West Africa regions. […]

  • 16 October 2019
    Business & Finance, Equipment, Research & Development

    Subsea power cables market will grow by 57% from £717 million this year to over £1.13 billion by 2023, according to a new report by RenewableUK. According to RenewableUK’s Project Intelligence team which compiled the report, global offshore wind capacity will skyrocket from 20.5 gigawatts (GW) today to over 55GW in 2024, largely driven by […]

  • 27 June 2014
    Business & Finance

    Songa Offshore SE has secured loans to finance construction of two semi-sumbersible drilling rigs. The company has received a firm commitment from banks and an Export Credit Agency for the financing of the Cat D 3 and 4 newbuilds with a pre-delivery financing of USD 90 million per rig and a post-delivery financing of USD 550 million per […]

  • 23 September 2007

    COSCO Corporation has secured shipbuilding contracts worth US$724 million or S$1.1 billion to build 16 bulk carriers for German, Taiwanese and Greek shipowners.

  • 10 April 2014
    Business & Finance, Project & Tenders

    The Shah Deniz consortium, lead by BP, has awarded more contracts as part of its Shah Deniz 2 development program, offshore Azerbaijan.   The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarded to the consortium consisting of BOS Shelf LLC, Saipem Contracting […]

  • 2 September 2014
    Business & Finance

    Halliburton today announced that it has reached an agreement to settle a substantial majority of the plaintiffs’ class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1 billion settlement, which includes legal fees, is subject to approval by the United […]

  • 14 April 2014
    Business & Finance, Equipment

    FMC Technologies, Inc. announced today that it has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue. FMC Technologies’ scope of supply includes subsea manifolds, associated controls and connection equipment as well as […]

  • 12 December 2019
    Business & Finance, Infrastructure

    Kvaerner has revealed its plan to grow annual revenues to above NOK 10 billion ($1.1B) for the year 2023. In addition, Kvaerner has entered into an agreement with Samsung Heavy Industries and Aker Solutions for the joint delivery of  FPSO contracts.

  • 19 October 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (October 14 – October 20). BHGE Becomes Baker Hughes Company TechnipFMC Wins Woodside Subsea Prize Subsea Power Cables Market to Hit £1.1B by 2023 DEME’s Orion Sails to Europe for Final Outfitting TechnipFMC Bags PetroVietnam Subsea Deal

  • 13 April 2014

    Read the most popular articles of the week. New platforms, drillships, oil and gas discoveries, big contracts, etc.

  • 9 October 2012

    The United Arab Emirates, which is the largest foreign direct investor in Sri Lanka among Gulf Cooperation Council countries and the world’s fourth largest oil exporter, is planning to undertake large scale investments in Sri Lanka.  The newly-appointed Ambassador for the United Arab Emirates to Sri Lanka Abdul Hamid Abdul Fattah K. Al Mulla has […]

  • 28 July 2015
    Business & Finance, Project & Tenders

    Trinity, an independent E&P company focused on Trinidad and Tobago, has been unable to extend the term of its agreement to complete the purchase of 80% interests in Blocks 1(a) & 1(b), offshore Trinidad, from Centrica. Trinity explained that consequently, the Sale & Purchase Agreement between Trinity and two subsidiaries of Centrica has been terminated. […]

  • 17 July 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Trinity, the leading independent E&P company focused on Trinidad and Tobago, has secured an agreement with Centrica plc to acquire its 80% interests in Blocks 1a and 1b (the “Assets”) offshore the west coast of Trinidad for a headline consideration of US$23 million. The Assets contain four gas discoveries with aggregate gross 2C resources of […]

  • 11 December 2015
    Project & Tenders

    French oil major Total has brought on stream the Moho Phase 1b project, located 75 kilometers off the coast of Pointe-Noire in the Republic of the Congo. The project is operated by Total and has a production capacity of 40,000 barrels oil equivalent per day (boe/d). “Moho Phase 1b is our ninth start-up since the […]

  • 28 September 2006

    What could be the world

  • 9 March 2017
    Business & Finance

    The European Investment Bank (EIB) added Atlantis Resources’ MeyGen Phase 1B, also known as Project Stroma, to its list of the projects to be financed, currently under appraisal.

  • 7 July 2016
    Business & Finance, Equipment

    Italian oilfield contractor Saipem has won new contracts worth more than 1.5 billion euros, or 1.66 billion in U.S. dollars. The contracts, for offshore engineering and construction services, include work on the development of the supergiant gas discovery Zohr in Egypt. Namely, the company has been awarded an Engineering, Procurement, Construction & Installation (EPCI) contract for the […]

  • 25 November 2014
    Business & Finance

    Italy’s Saipem, through its controlled company ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract in the Caspian Region. The contract awarded to ERSAI, in consortium with Daewoo Shipbuilding & Marine Engineering Co., is worth approximately $1 billion. Contract scope includes yard engineering, fabrication and pre-commissioning activities as well as […]

  • 22 January 2016

    Australia’s Woodside Petroleum this week said it expects to take a $1 billion hit when it announces its full year 2015 results in mid-February, quoting low oil price. The energy company on Wednesday said: “Following the biannual review of the Company’s asset values and reflecting lower short and long term oil price assumptions, impairment charges for full-year […]

  • 17 July 2014
    Business & Finance

    Trinity, the leading independent E&P company focused on Trinidad and Tobago, has secured an agreement with Centrica plc to acquire its 80% interests in Blocks 1a and 1b offshore the west coast of Trinidad for a headline consideration of US$23 million. The Assets contain four gas discoveries with aggregate gross 2C resources of 268 Bcf […]