Sandvik has won the first large scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. The milestone contract is significant for the offshore Brazilian oil and gas industry, which typically uses thermoplastic hose umbilicals.
Prysmian Group has been awarded a contract by Libra, a consortium of prime international oil & gas operators, for Steel Tube Umbilicals to be installed in the Mero offshore oilfield.
Prysmian Group has signed an agreement with JG Summit Petrochemicals Group (JGSPG) for the supply of a total of approximately 820 km of power (low voltage and medium voltage), instrumentation & control and telecommunication cables for plant & petrochemical applications.
Prysmian Group, a company active in the energy and telecom cable systems industry, has signed an agreement to acquire 100% of the privately-held US Company Gulf Coast Downhole Technologies (GCDT) for an initial consideration, subject to adjustment, of approximately USD 45M in cash.
Prysmian Group revamped its organisational structure and went ahead with new management appointments to stimulate the group's growth strategy and further improve its focus on customer service. The new organisational structure will be effective from 1 January 2014.