Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (May 30 – June 05).


Technip to Develop Gas Field Off Libya

Technip has been awarded a “major” contract to develop the Bahr Essalam Phase II development in the Central Mediterranean Sea.

For Technip, a “major” subsea contract is ranging from €500 million to €1 billion, the company noted. Technip’s scope of work includes the overall design, detailed engineering and delivery of the project management, as well as procurement, installation, tie-ins, pre-commissioning and commissioning.


Polar Queen

Subsea 7 informed about the early termination of the day-rate contract for its pipelay support vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil.

According to the company, the termination is effective May 31, 2016. The contract was due to expire at the end of 2016, and as a result Subsea 7 said its backlog has reduced by approximately USD 47 million.

 


DOF Subsea Keeps Ships Busy

DOF Subsea has been awarded several ROV and diving contracts for the vessel Skandi Achiever in the North Sea and the North America region, securing utilization of the vessel until end-October 2016.

Following completion of ongoing commitments in the North Sea, the vessel will mobilize to Canada for ROV and light construction activities. In Brazil, Petrobras has awarded a new contract for the vessel Skandi Vitória securing utilization for the remainder of 2016.


GE Lands Johan Sverdrup Contract

GE Oil & Gas has been awarded a surface wellhead & christmas tree equipment and services contract by the Norwegian oil and gas company Statoil for its Johan Sverdrup project in the North Sea.

With the new multi-year agreement, GE Oil & Gas will manufacture, deliver and install its standardized surface wellhead and christmas tree systems at multiple wells that make up part of the field.

 


ESS’s carousel system

Bibby Offshore is moving into the offshore wind array cable installation market with the acquisition of a power cable lay carousel from Ecosse Subsea Systems (ESS).

Bibby Offshore and ESS have also entered into strategic alliance by way of a framework agreement. Under this strategic alliance, Bibby Offshore will provide commercial expertise supported by subsea project management and engineering experience, while ESS will provide innovation and in depth sector competence through its trenching expertise.


 

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OGA 2017

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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