UK-headquartered energy services provider Expro has completed the acquisition of Houston-based offshore services provider PRT Offshore, said to enable the company to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America. The acquisition is al
Subsea7, SLB and Aker Solutions have closed the previously announced joint venture which will operate under the OneSubsea name. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include complementary subsea production and processing technology portfolio, manufacturing scale
Baker Hughes has secured two contracts with Norwegian oil and gas company Vår Energi, said to strengthen its North Sea presence for exploration logging, well intervention technology and subsea production systems. The first contract is a nine-year engagement that will utilize Baker Hughes’ well inter
Maersk Supply Service has secured a contract extension under which it will continue supporting subsea operations offshore Angola for an additional 15 months. The Danish company reported on September 25 that a customer had extended the contract for the 2017-built subsea support vessel Maersk Involver
Subsea Integration Alliance has signed a memorandum of understanding (MoU) with UK energy giant BP aimed at developing a framework to enhance subsea project performance. Signed at an official ceremony in London on September 22, the agreement between BP and the alliance that comprises Subsea7 and One
Shortly after winning three contracts worth over $260 million, DOF Group secured an extension of what it described is a “large subsea service contract”. DOF reported on 19 September it had signed a letter of intent (LOI) with a “major oil company” for a one-year contract extension in the Atlantic re
Aker BP, Aker Solutions, and Subsea 7 have started the work on the first of three seabed installations for huge oil & gas projects.
Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA).
Baker Hughes and Marine Power Systems (MPS) have set up a partnership to work together on delivering integrated solutions for the electrification of oil & gas facilities and their supporting subsea systems. According to the partners, meeting global net-zero targets requires a dual strategy where eff
Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac
Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S
Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum
TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub
