Aker Solutions has won a large contract from ConocoPhillips to provide a subsea production system for the Eldfisk North development offshore Norway.
Subsea giant TechnipFMC has completed the wet store installation of three steel lazy wave risers for Energean’s Karish and Tanin development project offshore Israel. The pipelay vessel Deep Blue executed the project, mobisling from Limassol Port in Cyprus, after delivering the risers from TechnipFMC
Subsea Energy Solutions (SES) has completed three projects for thermoplastic composite pipe (TCP) specialist Strohm, formerly Airborne Oil and Gas. For the projects, the UK-based SES provided a complete equipment package including its patented SUB-VBR Vertebrae Bend Restrictors and SUB-BALLAST-TCP B
Neptune Energy has recently set up four enhanced horizontal subsea tree systems (EHXT) for the Duva subsea tie-back development project in the Norwegian sector of the North Sea in a standalone operation with a vessel. Being the first for Neptune Energy, the installation was carried by Solstad’s vess
The U.S. State Department reiterated its warning that any entity involved in Russia’s Nord Stream 2 offshore pipeline project risks U.S. sanctions.
UK-based subsea asset protection Group Tekmar has secured two new contracts through its subsidiaries Subsea Innovation and Pipeshield. Subsea Innovation has won a contract to supply installation tooling to support OPEX activities on an undisclosed operational offshore wind farm. The award follows a
GateHouse Maritime has won a contract with the Polish gas transmission system operator GAZ-SYSTEM to monitor the area surrounding the Baltic Pipe between Denmark and Poland. The contract concerns the Baltic Sea offshore pipeline with an estimated length of 275 kilometres. The 5-year deal will see Ga
Sonardyne is supporting Norske Shell’s ongoing long-term, large-scale seabed monitoring project at Ormen Lange, Norway’s second largest gas field. The UK-based marine technology firm has for the first time deployed a new breed of underwater sensor that is able to self-calibrate, enabling precise, lo
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
Oslo-listed marine contractor Siem Offshore has reduced its Q4 2020 deficit despite revenue drop of 20 per cent against prior-year quarter. Quarterly operating revenues were $57 million, compared to $71 million in Q4 2019. The decrease in revenues from 4Q 2019 is mainly due to lower revenues from th
Tekmar Energy has secured a new contract award to supply its bend restrictors and J-tube seals to protect subsea umbilicals on an offshore energy project in the Norwegian North Sea. Manufacturing and delivery will take place in 2021. According to Tekmar, the conract came from a leading integrated su
Oslo-listed DOF Subsea has seen its fourth-quarter 2020 loss widened on higher depreciation and impairment charges and lower operating revenue compared to same time last year. The company reported NOK 115 million loss in the fourth quarter of 2020, versus NOK 30 million in Q4 2019. Operating revenue
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per ce
