LLOG Exploration Offshore has placed a subsea tree order with TechnipFMC for its Shenandoah project in deepwater Gulf of Mexico. This order is the first material equipment order for the Shenandoah project and the first of its kind for subsea trees designed for pressures up to 20,000 pounds per squar
Transmark Subsea has combined forces with WiSub, to deliver unprecedented automation capabilities to the blue growth sector internationally. Both companies have been key equipment and service providers to underwater intervention drone (UID ) docking stations since 2018. These systems support subsea
MODEC has received a Letter of Intent (LoI) for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Marlim revitalization project from Petróleo Brasileiro (Petrobras). The FPSO’s first oil production is planned for 2022 and its operation is part of t
Prysmian in collaboration with its innovation hub Corporate Hangar, is poised to launch Alesea, an IoT solution that provides virtual assistance for cable drum management. Alesea is the first start-up to enter the runway phase at Corporate Hangar, the innovation hub co-founded by Prysmian Group in 2
Hunting Energy Services’ UK centre of excellence said it is on the hunt for innovative individuals and companies to form partnerships across Norway and bring oil and gas technologies to market. Based in Aberdeen, Hunting’s TEK-HUB is opening the initiative up in a bid to support innovators in Europe
DEME’s new offshore installation vessel ‘Orion’ is on the way to Europe for the final construction phase. In a few weeks Orion will arrive in Rostock, Germany where it will be equipped with a Liebherr crane with a lifting capacity of 5,000 tonnes. The vessel was launched in November last year at the
Ingrid Sølvberg has been appointed by the King in Council, to take over the post of director general of the Norwegian Petroleum Directorate from Bente Nyland. The Ministry of Petroleum and Energy has not yet set the date for the transition. The director general position in the NPD is posted as a fix
Santos said it will acquire ConocoPhillips’ interests in northern Australia. The deal is valued at US$1.465 billion, comprising a US$1.39 billion upfront payment at completion and a US$75 million contingent payment once a final investment decision on Barossa is made. ConocoPhillips in northern Austr
Dana Petroleum has recently submitted a draft field development plan and environmental statement for the Platypus gas project to the Oil and Gas Authority (OGA) and the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED), respectively. Dana Petroleum’s co-venturers in the Platyp
TechnipFMC has secured a significant contract by PetroVietnam Gas for the Engineering, Procurement and Construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam. According to TechnipFMC, a significant contract is between $75 million and $250 mill
Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million. The purchase is contingent on Energean completing its proposed acquisition
Motive Offshore Group has secured a major contract from TechnipFMC, representing the largest win to date for the company’s Spooling and Inspection division. With a work scope comprising global offshore inspection and wire rope services, the initial three-year contract includes the option for two, on
Leask Marine has launched the Marinus platform marking the end of the InTER Project and the completion of the first ever tidal device to be built on Orkney. The two-year project, part-funded by Innovate UK and led by ITPEnergised, culminated with the deployment of the floating platform designed and
Seabed seismic services player Magseis Fairfield has lowered its guidance for 2019, in which the company now estimates revenue between USD 455-465 million and full-year EBITDA between USD 45-55 million. According to the company, adjustments for certain non-cash elements may further impact EBITDA neg
