TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea. For TechnipFMC, a ‘significant’ contract ranges between $75 million and $250
The €2.5 million Blue-GIFT (Blue Growth and Innovation Fast Tracked) project has announced the 1st call for applications. Funded by Interreg Atlantic Area, the Blue-GIFT project is a coordinated ocean energy technology demonstration programme encouraging longer-term demonstration and technology de-r
Dril-Quip has said that it had product bookings in the first quarter of 2019 of approximately $99 million, which exceeded its prior guidance of $80 million. Included in the first quarter 2019 bookings was a previously disclosed order from BP to supply subsea wellhead systems valued at between $25 –
Asset intelligence company Archer Knight has completed a £500,000 equity raise. Assisted by M&A and financing experts Gneiss Energy, Archer Knight secured the funds from 22 industry investors throughout the global subsea hubs. The Aberdeen based firm will use the capital to help grow its overall ser
Tendeka has made a substantial capital investment, led by UKCS growth, in manufacturing facilities, expanding their use of local supply chain and in-house capabilities. The company has more than doubled its work in the UK offshore sector over the past twelve months. Tendeka supplies a range of techn
Angola Cables has opened its carrier neutral data centre, AngoNAP Fortaleza in Fortaleza, Brazil. The Tier III designed data centre will cater for the growing demand in content and data transmission in the Southern hemisphere. This interconnection point will enable African entities to develop and ex
MacArtney has launched its latest connectivity series – TrustLink Metal Shell Connectors. The TrustLink (MS) series includes cutting-edge power and signal connectivity solutions for critical subsea and offshore applications. The TrustLink MS series is manufactured from stainless steel and comes in t
Subsea World News has put together a recap of the most interesting articles from the previous week (April 15 – April 21). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Nord Stream 2 Submits New Application In Denmark This content is available
South Stream Transport and Saipem have settled the arbitration concerning the South Stream offshore pipeline installation contract entered into on March 14, 2014. According to Saipem, the companies have positively ended their negotiations signing an agreement to amicably settle the arbitration. In M
The Steering Committee for the development of the Azeri and Chirag fields and the Deep Water portion of the Gunashli (ACG) field has sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea. The $6 billion devel
Leask Marine has recently carried out subsea work scopes in two offshore industry sectors. Namely, its dive team completed an in-water survey for ABS for Prosafe’s Safe Caledonia Rig in preparation for its departure from Scapa Flow to perform an underwater inspection in lieu of dry-docking (UWILD) i
ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is
The Nederlands-based technical solutions provider Seatec said it has received two new orders. The first award is for design and delivery of a deep-water pump system that can operate up to 3000 msw and have a lifting capacity of 300 tons. The unit will consist of the following main parts: ROV control
Schlumberger has seen its quarterly profit fall some 20 per cent against last year’s Q1 result despite relatively flat revenue. The oilfield services giant generated Q1 2019 profit of $421 million, or 30 cents per share, on some $50 million higher revenue ($7.87 billion), against profit of $525 mill
