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

Sparrows wins £36m contracts, secures 100+ jobs

2010.04.09 - Subsea Headlines -

Sparrows wins £36m contracts, secures 100+ jobs

Sparrows, the offshore lifting, handling and fluid power specialist, signed contracts in January worth over £36 million which will secure or create over 135 jobs on and offshore through its Aberdeen and Abu Dhabi operating bases. Full text

Total Awards FMC Technologies $210 Million Subsea Contract to Support Laggan-Tormore Field

2010.04.06 - Subsea Headlines -

Total Awards FMC Technologies $210 Million Subsea Contract to Support Laggan-Tormore Field

FMC Technologies, Inc. announced today that it has signed an agreement with Total Exploration and Production UK Ltd for the manufacture and supply of subsea production equipment to support the Laggan-Tormore field. The award has a value of approximately $210 million in revenue to FMC Technologies. Full text

Flowserve Successfully Tests 2500 PSI Subsea Multiphase Pump

2010.03.22 - Subsea Headlines -

Flowserve Successfully Tests 2500 PSI Subsea Multiphase Pump

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, in partnership with Shell, has successfully completed factory testing of a twin-screw pump, designed specifically for high-boost subsea multiphase pumping applications. Full text

Petrobras discovers light oil in Piranema

2010.03.19 - Subsea Headlines -

Petrobras discovers light oil in Piranema

Petrobras announces a new discovery of light oil in sandstone reservoirs located in the Sergipe Basin, in the post-salt layer of the Piranema area. The economically recoverable volume of oil is estimated at 15 million barrels. Full text

Aker Solutions signs sub-surface frame agreement with Statoil

2010.03.19 - Subsea Headlines -

Aker Solutions signs sub-surface frame agreement with Statoil

Aker Solutions' geo business has signed a three-year frame agreement with Statoil to supply sub-surface consultancy services within the areas of production geology, exploration geology and reservoir technology. Contract value is undisclosed. Full text

The Future of the Offshore Drilling Industry to 2015 - Market Analysis, Capital Spend and Competitive Landscape

2010.03.19 - Subsea Headlines -

The Future of the Offshore Drilling Industry to 2015 - Market Analysis, Capital Spend and Competitive Landscape

Approximately $350 billion was spent on offshore drilling from 2000 to 2008 and the regions accounting for the major share of the spending were the US Gulf of Mexico (USGOM), West Africa, Brazil and Asia Pacific. Full text

FMC Technologies Receives Contract to Support Marulk Field Development

2010.03.10 - Subsea Headlines -

FMC Technologies Receives Contract to Support Marulk Field Development

FMC Technologies, Inc. announced today that it has signed an agreement with Statoil ASA for the manufacture and supply of subsea production equipment to support the Marulk field. The award, a call-off from FMC's existing frame agreement with Statoil, has a value of approximately $62 million in revenue to FMC Technologies. Full text

Dominion Gas named Subsea Company of the Year

2010.02.16 - Subsea Headlines -

Dominion Gas named Subsea Company of the Year

Aberdeen-based oilfield services company Dominion Gas has been recognised as Subsea Company of the Year at the Subsea Business Awards 2010. Full text

Innovation of subsea valve technology

2010.02.13 - Subsea Headlines -

Innovation of subsea valve technology

Mokveld Valves BV based in Gouda, the Netherlands, has been an innovative supplier of engineered valve systems since the 1950’s. With the axial flow valve concept they have gained a unique position in the severe service market. Axial refers to the streamlined symmetrical and unrestricted flow path between the valve inner and outer body. Full text

EMGS launches 21st licensing round campaign

2010.02.12 - Subsea Headlines -

EMGS launches 21st licensing round campaign

Electromagnetic Geoservices ASA (EMGS) is pleased to announce the launch of a major multi-client 3D EM campaign ahead of the 21st licensing round in Norway. This is a continuation of the highly successful Barents Sea project in 2008, which was the world's first large-scale multi-client 3D EM survey. Full text

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