Acergy and Subsea 7 terminate merger talk
Acergy today informed that it has held discussions with Subsea 7 Inc. in relation to a possible merger of the two companies. These discussions have now been terminated. Full text
Technip awarded contract by Valiant for Causeway developmentTechnip 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 |
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Eni and Sonangol make new oil discovery offshore Angola
Eni and Sonangol E.P. made a new oil discovery in the deep waters of Block 15/06 offshore Angola. The discovery well Ngoma-1, located about 350 Km from Luanda, was drilled in 1,421 meters of water to a total vertical depth of 3,383 metres, encountering an oil column of 127 meters in high permeability Miocene sands. Full text
StatoilHydro to take lead on Marulk subsea development
StatoilHydro and Eni Norge have signed an agreement under which StatoilHydro will be responsible for the subsea equipment in connection with the planning and development of the Marulk field in the Norwegian Sea. The Marulk field is planned to be tied in to the Norne vessel, utilising idle capacity. Full text
Honeywell Spectra Fiber slings for subsea deepwater recovery
Honeywell announced today that its high-strength Spectra® fiber, commonly used in bullet-resistant armor, is a key component in industrial slings used to lift heavy equipment and materials for offshore oil and gas construction, as well as for subsea deepwater recovery operations. Full text
Aker Solutions win StatoilHydro frame agreement for drilling equipment
Aker Solutions has today signed a letter of intent with StatoilHydro to enter into a frame agreement for the delivery of drilling equipment and related operational services. The agreement for the delivery of Aker Solutions drilling equipment is awarded for a three year period with an optional period of two (2) x two (2) years. Full text
Chevron Lombito Tomboco selects Cameron MARS subsea strategy
Cameron has confirmed an order of 14 MARSTM (Multiple Application Re-injection Systems) for the long-term subsea production optimization strategy on Chevron's Lombito Tomboco Field in Angola. The order is initially valued at $16M and represents another significant commitment by a major operator to the MARS production interface. Full text
Clough win Oceaneering work using Normand Clipper subsea construction vessel for pipeline repairs
Clough Limited (ASX:CLO) today announced that it had secured a further US$15 million work for its vessel, Normand Clipper in the Gulf of Mexico for two clients, Apache Corporation and Oceaneering International. Clough has secured agreements with Oceaneering International for provision of the Normand Clipper in the role of subsea construction vessel for pipeline repairs for Shell Oil and Taylor Energy. Full text
Tritech, Xipower partnership to develop subsea battery packs
Tritech, the industry leader in the provision of sensors and tools for ROV and AUV markets has today announced a partnership agreement with Xipower, a cutting edge developer of energy management and monitoring technologies. Full text
Subsea ROV operators to earn $9 billion over the next five years
Oil & gas industry expenditure on subsea work-class ROV (remotely operated underwater vehicle) operations is likely to total $1.6 billion in 2008 and the market is set to reach $2.4 billion by 2012. This is one of the findings of a new market study “The World ROV Report 2008-12” published today by energy analysts Douglas-Westwood. Full text
Aker Solutions invests in future Brazilian subsea developments
Aker Solutions is investing into its Brazilian operation in order to increase manufacturing capacity ahead of the future wave of subsea developments in the Brazilian pre-salt layer. Aker Solutions will make significant investments into the company's manufacturing plant for subsea trees in Curitiba, Brazil. Full text