Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. I
Norwegian subsea shipping company Siem Offshore has secured a contract for its Siem Spearfish vessel. The Oslo-listed firm said on Wednesday that the contract is for two months firm, with options, excluding mobilisation and demobilisation. The contract for an undisclosed client will see the offshore
GC Rieber Shipping has secured a new charter for the SURF vessel Polar Onyx in the North Sea. Earlier this week, the Norwegian shipowner also agreed a charter extension with DeepOcean for the Polar Onyx. The deal will be in direct continuation of the ongoing charter in Ghana. The extension will see
TechnipFMC has received a letter of award from Energean for the development of the Karish North field, located offshore Israel. TechnipFMC will design, manufacture, deliver and install subsea equipment. The delivery includes: The subsea production system; Rigid flowlines and umbilicals as a tieback
Subseatec has won several contracts to deliver machined riser joints to field developments in the Gulf of Mexico and Brazil. The total contract value is approximately SEK 15 million ($1.8 million). Specifically, Subseatec’s scope includes assembly, testing and delivery of up to 10 riser joints. Manu
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
Norwegian offshore safety watchdog PSA has granted consent for manned underwater operations in 2021 to Vår Energi, Equinor, Gassco and Aker BP. Equinor has signed framework agreements with TechnipFMC and Subsea 7 for the performance of manned underwater operations in 2021. Through a pool agreement w
Energy consultancy AGR has signed a framework agreement with Gassnova for carbon capture and storage technical advisory services. Norway’s Gassnova facilitates the development of technology and solutions to enable cost efficient and progressive solution for the capture and storage of CO2. AGR will d
TechnipFMC today officially completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies has set its technical reference price at €9.00 ahead of its direct listing on the Euronext Par
Offshore geoscience and geotechnical engineering consultancy Cathie has carried out a foundation design feasibility study for an offshore, subsea datacenter. Cathie’s undisclosed system developer for the storage of datacenters offshore and underwater, engaged them to undertake a foundation design st
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more than 200 projects identified wher
Aberdeen-based 3D technology specialist Eserv is investing a six-figure sum into the research and development of new capabilities to allow them to expand into the subsea sector. Eserv’s decision to drive the business into new sectors comes on the heels of a successful 2020 which saw their AS-TEG sol
Kongsberg Maritime has signed a letter of intent to deliver a large technology package for Triumph Subsea Services’ next generation field development vessel (FDV). The deal, signed with Brodosplit Shipyard and DIV Group in Croatia, covers an ST-269 unit, with an option for three more vessels of iden
