Tag: subsea
Subsea 7 receives contract extensions
Subsea 7 S.A. announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil.
Offshore and Subsea – oil & gas project spending review
The sharp decline in crude prices and the subsequent volatility has meant that it’s been an onerous two years for oil producers, a period marked with budget cuts. The situation for the offshore side of the business has been far more severe. Once hailed as the bulwark from peak oil, the massive costs associated with its development in the face of low margins have made it increasingly difficult for companies to commit investments in recent times.
M² Subsea wins GBP 1M contract
M² Subsea has secured its first contract award which is valued in excess of GBP 1M. The project will see the firm supplying the Go Electra vessel, ROVs and personnel to support survey work on the world’s longest subsea pipeline system.
DNV GL research paper on ‘all subsea’ solution
DNV GL launched a research paper exploring the viability of moving offshore oil and gas processing subsea, including the techno-economics of an ‘all subsea’ solution. Subsea sector reacts positively to UK budget
Subsea UK, the body that champions the UK’s subsea industry, has welcomed the measures presented in this year's UK budget. Energy Minister recognises subsea excellence at RO
The UK Secretary of State for energy and climate change has hailed subsea services company ROVOP as “a leading specialist in its field” and one which is ensuring that the country remains at the global vanguard of the energy industry.