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
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
TechnipFMC has won a contract from Petronas for the Limbayong deepwater development project offshore Malaysia. Under the contract, TechnipFMC will provide front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning (iEPCI) of subsea production
Chariot Oil & Gas has signed a collaboration agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois gas development project in Morocco. Subsea Integration Alliance is a nonincorpora
Trendsetter Engineering has secured a contract for the provision of subsea manifold and TCS connection systems for LLOG Exploration Offshore‘s Spruance and Dome Patrol subsea developments in the Gulf of Mexico. The manifold will feature Trendsetter’s TCS subsea production connectors along with produ
Australian oil and gas firm Beach Energy is proposing to undertake subsea installation and commissioning works within petroleum production licence VIC/L23. Specifically, these activities are part of the Otway Phase 4 Development project, which aims to increase gas supply to the Beach-operated Otway
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
Offshore services provider TechnipFMC has signed a contract with AbuQir Petroleum, a joint venture between Energean and EGPC, for a subsea tie-back located offshore Egypt. The contract covers the engineering, procurement, construction, and installation of four subsea wells as well as the subsea tie-
