Highlights of the Week

subsea_in_augustSubsea World News has put together a recap of the most interesting articles from the previous week (October 07 – November 13).


saipem-new-contracts-for-usd-1-billion

Saipem has been awarded new contracts and change orders in the E&C offshore segment, for an overall amount of about 1 billion dollars.

In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering, procurement, installation, construction), under the long-term agreement in force and renewed in 2015 until 2021 for activities in Saudi Arabia.


PLSV Seven Sun started its 5-year contract in Brazil this month. Photo: Huisman

Oslo-listed Subsea 7 has lifted its profit in the third quarter ended September 30, 2016, on high utilisation of its active fleet, combined with previously announced cost cuts and more favorable tax rate, compared to the prior-year quarter.

Despite revenue drop of 23 percent compared to Q3 2015, the mentioned more favorable tax rate in this year’s third quarter pushed the company’s bottom line up by close to 3 percent.


Trestakk reservoir illustration

FMC Technologies and Technip alliance has received an integrated engineering, procurement, construction, and installation (EPCI) contract from Statoil for its Trestakk field in the Norwegian Sea.

The contract was won based on an optimized subsea field layout, accomplished through close collaboration with Statoil during a FEED study performed by FMC Technologies’ and Technip’s joint venture Forsys Subsea, Technip explained in a press statement.


bibby-offshore-nets-2nd-corrib-inspection-contract

Bibby Offshore has been awarded a second contract from Shell to provide inspection services on assets in the Corrib natural gas field offshore Ireland.

The second contract follows the completion of the first one in June this year, which saw Bibby Offshore’s construction support vessel Olympic Ares perform subsea inspections in water depth of approximately 360 meters.

 


Technip Umbilicals facility in Houston

Technip’s wholly-owned subsidiary Technip Umbilicals has been awarded a contract by an undisclosed operator to supply a subsea control umbilical in the Gulf of Mexico.

The contract includes the project management and manufacture of several kilometers of a static and dynamic unarmoured steel tube umbilical.

 


 

Share this article

Follow Subsea World News

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >

OMC 2017

OMC mission is serving all people interested in the Mediterranean Offshore Industry…

read more >

Ocean Business 2017

Ocean Business 2015 was phenomenally successful, with visitor numbers up an incredible 29%. The overall attendance was a staggering 4,589…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >