Tag: subsea

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

newsitemDNV 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

newsitemSubsea 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.

Survey reveals UK subsea companies set for 2013

Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth.

WorleyParsons awarded Chevron Lucapa Project

newsitemCabinda Gulf Oil Company Limited has selected WorleyParsons Angola Limitada (WPAL) and INTECSEA, Inc. to execute the Front End Engineering and Design (FEED) for the Subsea Facilities associated with the Lucapa field.

BP plans Central North Sea gas project

BP has announced the successful start-up of the Devenick gas project in the central North Sea, a subsea tie-back to Marathon Oil’s East Brae platform, which provides an important new source of domestic gas for the UK.

Subsea 7 to develop gas export pipeline

Subsea 7 S.A. has been awarded the Varg Gas Export Contract from Talisman Energy Norge AS for the development of a gas export pipeline at the Varg field, located 200 km off the Norwegian coastline. The contract is for the engineering, procurement, installation and construction of a 6km flow line and flexible riser system as well as the installation of associated subsea structures, protection systems, and tie-ins. Engineering and project management will commence immediately at Subsea 7's Stavanger office with offshore operations due to begin in 2013.

GE & Petrobras sign record contract

newsitemGE Oil & Gas has signed a record deal of nearly $1.1B (USD) with Brazilian energy company Petrobras. This is the world's largest subsea wellhead production contract.