FMC Technologies Receives Contract to Support Marulk Field Development

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

Subsea Headlines

Sonangol and Maersk scores in Angola Block 16

2009.07.16 - Subsea Headlines -

Sonangol and Maersk scores in Angola Block 16

Sonangol and Maersk Oil Angola AS (operator), have successfully completed drilling of the Chissonga-1 exploration well with positive results. The Chissonga-1 well is located in the western sector of Block 16 in 1,230 metres water depth, some 315 kilometres northwest of Luanda, and was drilled to a total depth of 4,725 metres using the Larsen Deep Venture drillship. Full text

Acergy S.A. awarded $260 million flexible pipelay contract in Brazil

2009.07.14 - Subsea Headlines -

Acergy S.A. awarded $260 million flexible pipelay contract in Brazil

Acergy announced today that it has been awarded a new four year contract for the Polar Queen by Petrobras in Brazil, with an option for an additional four years. Full text

StatoilHydro to produce oil and gas from Vega South

2009.07.14 - Subsea Headlines -

StatoilHydro to produce oil and gas from Vega South

A few simple modifications to wells already planned will allow StatoilHydro to recover seven million barrels of oil and a billion standard cubic metres of associated gas from Vega South. Full text

TGS Acquires Data Offshore Greenland for the Tenth Consecutive Year

2009.07.07 - Subsea Headlines -

TGS Acquires Data Offshore Greenland for the Tenth Consecutive Year

TGS continues their long-term commitment to resolve the geologic challenges and hydrocarbon potential of offshore Greenland with the commencement of the 2009 data acquisition season. This season marks the 10th consecutive year of new data acquisition by TGS in Greenland. As in past years, the multifaceted acquisition campaign in 2009 will consist of seismic, aeromagnetic, and gravity data. Full text

Chevron Announces First Oil from Mafumeira Norte Field in Angola

2009.07.02 - Subsea Headlines -

Chevron Announces First Oil from Mafumeira Norte Field in Angola

Chevron Corporation announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola. Full text

GE Oil & Gas Wins $70m StatoilHydro Contract for Subsea Controls System

2009.06.25 - Subsea Headlines -

GE Oil & Gas Wins $70m StatoilHydro Contract for Subsea Controls System

GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, has been awarded a contract worth over $70 million by StatoilHydro to upgrade a suite of subsea control systems for StatoilHydro’s Tordis Vigdis Controls Modification (TVCM) project. The solution will incorporate GE’s award-winning next-generation subsea electronics module - the VetcoGray SemStar5. Full text

$80 dollar oil could trigger a new recession

2009.06.22 - Subsea Headlines -

$80 dollar oil could trigger a new recession

With the ‘green shoots’ of recovery more numerous by the day, dark warnings of a new spike in oil prices are also multiplying. Saudi Oil Minister al-Naimi has warned that under-investment in oil capacity may lead to a return to $150/barrel oil, “or even worse”. Full text

FMC awarded Jubilee deepwater subsea production systems

2009.06.17 - Subsea Headlines -

FMC awarded Jubilee deepwater subsea production systems

FMC Technologies announced today that it will support the Jubilee Integrated Project Team (IPT) – consisting of Kosmos Energy (technical operator), Anadarko Petroleum and Tullow Oil & Gas (unit operator) - with the design and manufacture of subsea production systems for use in the Jubilee deepwater development. The award is expected to result in $210 million in revenue to FMC Technologies. Full text

Schilling Robotics Awarded Contract for New Deep Sea Drilling and Coring System

2009.06.10 - Subsea Headlines -

Schilling Robotics Awarded Contract for New Deep Sea Drilling and Coring System

Schilling Robotics, LLC, experts in subsea control systems, announced today that it has been awarded a contract for a new seafloor‐based deep sea drill system from Gregg Drilling and Testing, Inc., experts in drilling and geotechnical testing services. Full text

GE Oil & Gas Wins Contract to Supply 250 Subsea Wellhead Systems for Petrobras

2009.06.08 - Subsea Headlines -

GE Oil & Gas Wins Contract to Supply 250 Subsea Wellhead Systems for Petrobras

GE Oil & Gas announced today that its drilling & production business has been awarded a three-year frame agreement valued at more than $250 million to supply 250 VetcoGray subsea wellhead systems to Petroleo Brasileiro S.A. (Petrobras) of Brazil, an integrated oil and gas company. In terms of number of wellheads, this is the largest contract awarded to date in the industry. Full text

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