Top News of the Week of May 19 – May 25, 2014
- Business & Finance
Housed in one of the tallest single floor buildings in Europe, at 58 metres, the world’s most advanced steel tube umbilical manufacturing facility, which reinforces Technip Umbilicals’ position as a key subsea player, has been officially opened.
No connection has been proven between formation of the pit and well after a pit was discovered at a subsea template at Snorre B on 17 May.
Nautricity, the renewable energy company, has been given the go-ahead to develop one of the UK’s first ‘next generation’ tidal energy schemes in waters off the Mull of Kintyre.
Subsea 7 S.A. has been awarded its largest UK EPIC services contract, valued in excess of $460 million by Premier Oil UK Limited, in support of its Catcher Area Development, located 180km east of Aberdeen in Central North Sea Block 28/9.
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a new contract with Island Offshore for the construction of one offshore support vessel of Rolls-Royce design.