Top News of the Week of Apr 14 – Apr 20, 2014

1. McDermott to Operate North Sea Spoolbase

McDermott International, Inc.’s subsidiary has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea. McDermott expects to have the facility available for projects in early 2015.

2. Total Hires Saipem for Kaombo FPSO Work Offshore Angola

Saipem has been awarded two contracts in Angola by Total, for a combined total value of more than $4 billion.

3. Technip, Heerema Awarded $3.5 Bln Subsea Contract by Total

Technip and Heerema Marine Contractors, have signed a major lump-sum contract with Total E&P Angola for the engineering, procurement, construction, installation (EPCI) and pre-commissioning for the SURF (subsea umbilicals, risers and flowlines) part of the Kaombo project, located in Block 32 offshore Angola.

4. Aker Solutions’ Subsea Manifolds for Petrobras’ Pre-Salt Fields

Aker Solutions won a contract worth more than USD 300 million from Petrobras to supply eight manifolds that alternately inject water and gas to increase oil recovery from Brazil’s deepwater offshore fields.

5. Aker Solutions Nets $2.3 Bln Subsea Equipment Contract in Angola

Aker Solutions won a contract worth $2.3 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola.

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