Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract worth a total of €67 million by the Turkish electricity transmission utility TEIAS for the design, supply, installation and commissioning of a high voltage submarine power cable link to connect Europe and Asia across the Dardanelles strait in [...]
September 19, 2012 | Posted in
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GE Oil & Gas and Brazilian energy company Petrobras have signed the world’s largest subsea wellhead production contract, worth nearly US$1.1 billion (R$2.2 billion). This includes the delivery of approximately 380 subsea wellhead systems and installation tools needed in oil well exploration, and more than 75 percent of the parts will be made in Brazil. [...]
September 19, 2012 | Posted in
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Technip has been awarded by INPEX CORPORATION an important offshore commissioning contract, worth approximately €210 million, for the Ichthys LNG Project located in the Browse Basin, Western Australia. An integrated team will work on all activities related to the preparation and execution of the offshore commissioning for the floating, production, storage and offloading (FPSO) unit [...]
September 18, 2012 | Posted in
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On September 6, 2012, Petrobras began oil production in the ultra-deep waters of the Chinook oil field from the floating production, storage and offloading platform, FPSO BW Pioneer, moored some 250 kilometers off the coast of the State of Louisiana in the U.S. Gulf of Mexico. It is the first FPSO to produce oil and [...]
September 14, 2012 | Posted in
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BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The agreement is a further example of BP’s active management of its portfolio in the North Sea, focusing investment on high value assets [...]
September 13, 2012 | Posted in
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For the very first time, remote-controlled machines and an underwater welding robot have installed a new tie-in point on a live gas pipeline, without the pipeline being prepared in advance. This type of operations can save Statoil lots of money in the long run. The hot tap installation is the first to be carried out [...]
September 13, 2012 | Posted in
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Royal Dutch Shell plc announced it has agreed to sell its 50% working interest in the Holstein Field, comprised of Green Canyon Blocks 644, 645 and 688 in the Gulf of Mexico, to Plains Exploration & Production (PXP) for approximately $560 million, subject to closing. Shell received an unsolicited offer from PXP for Shell’s working [...]
September 11, 2012 | Posted in
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Rowan Companies plc (“Rowan” or the “Company”) announced that it has exercised its option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. (“HHI”) with delivery scheduled in March 2015. The cost for this rig, including commissioning, project management and spares, but excluding capitalized interest, is estimated to be [...]
September 10, 2012 | Posted in
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The Prysmian Group, world leader in the energy and telecom cables and systems industry, has signed an agreement to acquire 100% of Global Marine Systems Energy Limited (GME) from Global Marine Systems Ltd (GMSL) for a purchase price of approximately €53 million. GME is a British company active in the installation of submarine power cables [...]
Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announces that its subsea construction division, EMAS AMC, has been awarded a contract by ABB, pursuant to an arrangement of strategic cooperation for subsea installation, for the installation of subsea power cables. This [...]
