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

Apache get financing for Van Gogh and Pyrenees subsea projects

2008.12.08 - Subsea Headlines -

Apache get financing for Van Gogh and Pyrenees subsea projects

Apache Corporation said today that it has arranged a $350 million financing for the Van Gogh and Pyrenees oil developments offshore Western Australia. The subsea two projects are expected to add a total of 40,000 barrels per day to Apache's worldwide net oil production over the next 18 months. Full text

Shell drills deepest offshore subsea well

2008.12.02 - Subsea Headlines -

Shell drills deepest offshore subsea well

Shell Oil Company has set a world water depth record in drilling and completing a subsea well 9,356 feet (1.77 miles) below the water's surface in the Silvertip Field at the Perdido Development project, approximately 200 miles from Houston in the Gulf of Mexico. Full text

Petrobras discovers large volumes of light oil in the Espírito Santo pre-salt layer

2008.11.24 - Subsea Headlines -

Petrobras discovers large volumes of light oil in the Espírito Santo pre-salt layer

Petrobras announces that it has completed the drilling of two new wells in the pre-salt layer off the coast of Espírito Santo and proved an expressive discovery of light oil (30 degrees API) in the area called Parque das Baleias. The recoverable volume of the discoveries, made in pre-salt reservoirs located underneath the Baleia Franca, Baleia Azul, and Jubarte heavy oil fields. Full text

FMC acquire strategic share of Roxar

2008.11.21 - Subsea Headlines -

FMC acquire strategic share of Roxar

FMC Technologies Inc., acting through it`s wholly owned subsidiary FMC Kongsberg Holdings AS, has acquired 25,000,000 shares in Roxar ASA, representing 10.27% of Roxar`s outstanding share capital. Roxar is a strategic supplier to FMC Technologies of components for subsea and other applications and this transaction will strengthen the relationship between the companies.` Full text

Sonsub Gets Northern Exposure

2008.11.17 - Subsea Headlines -

Sonsub Gets Northern Exposure

The most recent addition to the Sonsub fleet, the multipurpose ROV support vessel Bourbon Pearl, has completed successful operations in what was Sonsub's most northerly work site to date. The vessel had been performing ElectroMagnetic (EM) offshore exploration for PetroMarker AS in the Barents Sea, operating from Hammerfest in Northern Norway. Full text

ENI Goliat Subsea Project to be subsea wells linked to circular FPSO

2008.11.09 - Subsea Headlines -

ENI Goliat Subsea Project to be subsea wells linked to circular FPSO

Eni Norge, as operator for the Goliat field has today submitted the Impact Assessment Plan (IA) to the MPE. The plan recommend that Goliat will be developed using subsea wells linked to a circular floating production, storage and offloading facility (FPSO). Full text

Technip Asiaflex Products to included subsea umbilical systems

2008.11.07 - Subsea Headlines -

Technip Asiaflex Products to included subsea umbilical systems

Technip announces an expansion of its Asiaflex Products manufacturing facility to include the production of subsea umbilical systems as of 2010. The Asiaflex Products facility is part of Technip’s current capex program to strengthen its assets (vessels, engineering centers and manufacturing plants) and reinforce its worldwide leadership in the Subsea market. Full text

Cutting Edge Technology To Be Unveiled at Subsea Europe

2008.10.30 - Subsea Headlines -

Cutting Edge Technology To Be Unveiled at Subsea Europe

Cutting edge technology that has the capability of saving the oil and gas sector significant cash will be the centrepiece of a major subsea event. Subsea Europe, which takes place in London today, 30 October 2008, will highlight the best of the UK’s subsea industry. Full text

Cape Farewell offshore blocks off Greenland to be explored

2008.10.27 - Subsea Headlines -

Cape Farewell offshore blocks off Greenland to be explored

Cairn has secured interests in two frontier hydrocarbon exploration licences offshore southern Greenland through its exploration focused arm Capricorn. The total combined area of these two blocks is 20, 072 square kilometres and water depths range from approximately 50 metres to 2,200 metres. Full text

London Offers Huge Opportunities to UK’s Booming Subsea Industry

2008.10.23 - Subsea Headlines -

London Offers Huge Opportunities to UK’s Booming Subsea Industry

The South East of England is an absolutely vital region in the UK’s booming Subsea industry, making a huge contribution toward the energy sector’s success in winning both national and global subsea projects – according to a leading industry insider. Full text

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