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

StatoilHydro start testing for the subsea future

2008.04.21 - Subsea Headlines -

StatoilHydro start testing for the subsea future

More than 50 guests turned out for the start of the world’s first full-scale subsea compression test at StatoilHydro’s Kårstø Laboratory (K-lab) at the Kårstø gas processing plant in western Norway on 21 April. StatoilHydro has a number of fields that could utilise subsea compression. Full text

StatoilHydro find gas at Natalia in the North Sea

2008.04.14 - Subsea Headlines -

StatoilHydro find gas at Natalia in the North Sea

StatoilHydro has made a large gas discovery in the Natalia prospect in the Norwegian Sea. According to preliminary calculations the discovery could contain around 1.5 billion cubic metres of recoverable gas. Full text

iicorr positions itself as market leader in Subsea Technical Integrity and Offshore Corrosion Protection Solutions

2008.04.13 - Subsea Headlines -

iicorr positions itself as market leader in Subsea Technical Integrity and Offshore Corrosion Protection Solutions

Aberdeen integrity, inspection and corrosion specialist, iicorr Ltd, is celebrating its future expansion after its acquisition of Subspection Ltd for an undisclosed sum. The combined expertise of the two companies will result in a new Business Division in iicorr, creating an industry leading organisation specialising in subsea technical integrity and corrosion solutions. Full text

StatoilHydro, Chevron and Petrobras to develop deep subsea separation plant

2008.04.08 - Subsea Headlines -

StatoilHydro, Chevron and Petrobras to develop deep subsea separation plant

StatoilHydro will, together with Chevron and Petrobras, develop a new compact deep-water separation plant that will work in 2500-3000 meters. Known technology elements will be assembled in an entirely new way. The new separation equipment will be far lighter and smaller than the existing solutions. Full text

Scottish bank invest in subsea business ISS

2008.04.06 - Subsea Headlines -

Scottish bank invest in subsea business ISS

Bank of Scotland Integrated Finance has invested UK80 million in Aberdeen-based subsea company Integrated Subsea Services (ISS) to enable the business to fast-track its expansion plans. Full text

Energy Cranes move into Subsea Market taking over Baricon Systems

2008.04.04 - Subsea Headlines -

Energy Cranes move into Subsea Market taking over Baricon Systems

Energy Cranes International has acquired Aberdeen-based Baricon Systems Limited in a deal which takes Energy Cranes – the world’s largest offshore crane and mechanical handling services contractor – into the fast-growing subsea cable and pipe-laying markets. Full text

From Aker Kvaerner to Aker Solutions - launch of new brand identity

2008.04.03 - Subsea Headlines -

From Aker Kvaerner to Aker Solutions - launch of new brand identity

Today, Aker Kvaerner, a global provider to the process and energy industries, has changed its name to Aker Solutions. At the same time it launched its new logo and visual profile. Full text

GE Oil and Gas acquire Hydril from tenaris

2008.04.02 - Subsea Headlines -

GE Oil and Gas acquire Hydril from tenaris

GE's Oil & Gas business today announced the successful completion of its acquisition of Hydril Pressure Control from Tenaris. Hydril Pressure Control is one of the world's leading suppliers of pressure control equipment used in the oil and gas drilling industry. Full text

WorleyParsons to acquire INTEC Engineering from Heerema Group

2008.04.01 - Subsea Headlines -

WorleyParsons to acquire INTEC Engineering from Heerema Group

The Heerema Group (‘Heerema’) and WorleyParsons today announced an agreement for WorleyParsons to acquire Heerema’s INTEC Engineering B.V. division (‘INTEC’), a leading international subsea deepwater and arctic engineering and project services company. Full text

JP Kenny win Shtokman subsea pipeline FEED contract

2008.03.25 - Subsea Headlines -

JP Kenny win Shtokman subsea pipeline FEED contract

A consortium comprising Gazprom, Total and Statoil Hydro has awarded J P Kenny Ltd, (JPK), a
subsidiary of John Wood Group PLC (“Wood Group”), a £multi-million call-off contract for work on
its strategic trunkline project to bring gas from the Shtokman field in the Barents Sea to Northern
Russia. Full text

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