Technip awarded contract by Valiant for Causeway development

Technip was awarded by Valiant Causeway Limited a lump sum contract, worth approximately €33 million, for the Causeway field development. This field is located about 450 kilometers North-east of Aberdeen, Scotland at a water depth of 150 metres. Full text

Subsea Headlines

Eni Norge to link Goliat to shore

2009.05.14 - Subsea Headlines -

Eni Norge to link Goliat to shore

Eni Norge is applying for concession to enable the construction and operation of an electric cable link between mainland Norway and the production facility installed on the Goliat field in the Barents Sea, with associated new electrical substation and distribution grid upgrades on land. These operations will impact on Hammerfest Municipality in Finnmark. Full text

Argus Subsea introduce AZ-10 subsea tree

2009.05.05 - Subsea Headlines -

Argus Subsea introduce AZ-10 subsea tree

Argus Subsea, a newly announced company focusing on the early production subsea market, today announced the introduction of the AZ-10 subsea tree. The Argus AZ-10 is a unique, purpose-built system that is ideal for marginal-field developments and fast-tracked projects, where time is critical and quicker deployment can lead to millions of dollars of increased profitability for the operators. Full text

Subsea 7 acquires Licence for New Subsea Hot Tap Technology

2009.05.01 - Subsea Headlines -

Subsea 7 acquires Licence for New Subsea Hot Tap Technology

Subsea 7 Inc , one of the world's leading subsea engineering and construction companies, today announced that its subsidiary Subsea 7 Limited has acquired the exclusive global licence rights for a new subsea hot tap technology, known as Subsea Grouted Tee (SSGT). Full text

Hunting acquires NCC a leader in subsea coupling technology for US$55million

2009.04.22 - Subsea Headlines -

Hunting acquires NCC a leader in subsea coupling technology for US$55million

Hunting PLC (LSE: HTG), the international energy services company today announces the acquisition of National Coupling Company Inc. ("NCC"), a leading developer and manufacturer of subsea hydraulic equipment, for a cash consideration of US$55 million. Full text

Offshore drilling has declined but the gloom should be short-lived

2009.04.16 - Subsea Headlines -

Offshore drilling has declined but the gloom should be short-lived

Global spending on offshore drilling is forecast to rise 32% over the period 2009-2013 compared with 2004-2008, despite reduced spending in 2009 and 2010. According to the latest edition of the ‘World Offshore Drilling Spend Forecast 2009-2013’ published today by Douglas-Westwood and Energyfiles, $278bn was spent between 2004 and 2008 on offshore drilling. Full text

Total and Cobalt to jointly explore the deepwater Gulf of Mexico

2009.04.06 - Subsea Headlines -

Total and Cobalt to jointly explore the deepwater Gulf of Mexico

Total announces that it has entered into several agreements with Cobalt International Energy, L.P. to jointly explore the deepwater Gulf of Mexico. These agreements will form the basis of a strategic alliance in this area that offers numerous promising exploration opportunities. Full text

Subsea Company of the Week - SubseaDesign

2009.04.03 - Subsea Headlines -

Subsea Company of the Week - SubseaDesign

SubseaDesign is a privately held engineering, design and fabrication company providing equipment and services for the oil and gas industry. Main focus areas are drilling and subsea related activities. The company is based in Drammen, Norway. Full text

Aker Solutions strengthen its position in the offshore and energy sectors

2009.04.02 - Subsea Headlines -

Aker Solutions strengthen its position in the offshore and energy sectors

Aker Solutions is taking industrial action and further strengthening its position in the offshore and energy sectors. This is being accomplished through acquisitions and closer integration of holdings in forward-looking companies in high-margin segments. Full text

Aker Solutions and Well Processing team up for subsea water treatment and injection

2009.03.27 - Subsea Headlines -

Aker Solutions and Well Processing team up for subsea water treatment and injection

Aker Solutions and Well Processing AS have signed a cooperation agreement to bring a new technology offering onto the marketplace. The combination of subsea water treatment and injection aims to increase oil recovery and enhance oil production from offshore produced fields. Full text

Deep Down Awarded Patent for New Subsea J-Plate Design

2009.03.25 - Subsea Headlines -

Deep Down Awarded Patent for New Subsea J-Plate Design

Deep Down, Inc. (today announced that it has been awarded a patent by the United States Patent and Trademark Office. This new patent relates generally to undersea wells and more particularly to a method and apparatus for installing a subsea umbilical. Full text

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