Innovo and Sparrows have completed a flexible lay spread contract for a major oil and gas, tier 1 contractor in Angola. The contract has been executed with Innovo’s Innodrive 700T electrical Reel Drive System (RDS) and a Sparrows tensioner integrated with under-deck carousel. The Innodrive RDS, desi
MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan. The acquisition includes a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC
U.S. company Noble Energy and Israel’s Delek, and Egypt’s EGAS are nearing the completion of the acquisition of a gas pipeline linking Israel and Egypt, which will serve as a transport route for gas from Israel’s Tamar and Leviathan offshore gas fields to Egypt.
Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue t
Subsea World News has put together a recap of the most interesting articles from the previous week (October 14 – October 20). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Bhge Becomes Baker Hughes Company This content is available after accep
The $538 million first phase of the new Deepwater Port of Posorja, Ecuador, is now completed and successfully operational, reports DP World. According to DP, the $538 million initial investment (Phase 1) included the purchase of land, dredging of a new access channel, a 20-kilometer access road and
Weatherford has signed a $220 million, three-year contract with ADNOC to provide directional drilling services in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells. “Magnus is demonstrating consistent reliability, a critical elem
Dredge Yard has won a contract for the design and delivery of a customized cutter suction dredger ECO 300 to CDC Dredging L.L.C. – a company based in the UAE and mainly operating in the Gulf Cooperation Council (GCC). As reported, the company is purchasing the new dredger in order to participate in
Subsea World News has put together a recap of the most interesting articles from the previous week (September 16 – September 22). https://subseaworldnews.com/2019/09/18/oceaneering-to-supply-subsea-umbilicals-for-project-in-bay-of-bengal/ https://subseaworldnews.com/2019/09/17/deep-down-appoints-chi
Italian oil and gas company Eni has started production at the offshore Baltim South West gas field in Egypt.
James Fisher Offshore (JFO) has won a decommissioning project in the Middle East with a new offshore platform jacket removal in Saudi Arabia. The work will utilise its pioneering cutting solution which is, according to JFO, capable of delivering significant time-saving efficiencies. The project, whi
Vallourec has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five-year period, with a possible 2-year extension, for an amount of USD 900 million. It covers a full range of products, from standard API2 to high end premium OCTG3 for both
Subsea 7 has received a large contract by Saudi Aramco for Marjan Increment Projects – Package 2, offshore Saudi Arabia. Subsea 7 considers a large contract to be between USD 300 million and USD 500 million. The engineering, procurement, construction and installation (EPCI) contract is awarded for e
Heerema’s SSCV Sleipnir, the world’s largest crane vessel, has completed a 15,300 tonnes lift this weekend, installing the topsides for Noble Energy’s Leviathan development in the Mediterranean.
