FMC Technologies, Inc. announced that it has received an order from Statoil for subsea equipment for the Smorbukk South Extension Project. The order has an estimated value of $96 million in revenue. FMC Technologies’ scope of supply includes subsea trees, wellheads, a manifold, control systems and o
In the last 12 months GE has won contracts valued at more than $600 million to provide propulsion systems with customers leading the pre-salt oilfield expansion off Brazil’s east coast. GE’s systems will power, propel, navigate, position and control drillships, and also power and control the drillin
Bestobell LNG Valves have secured a contract with STX Offshore & Shipbuilding Co. Ltd in South Korea to supply globe and check valves for 2 + 1 × 160k LNG carrier for Alpha Tankers. Due to be delivered in late 2013, this is the first order for globe and check valves that Bestobell has received [&hel
Technip, leader of a consortium with JGC, was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissioning of an integrated facility for natural gas liquefaction. The project will start immediately with
BOC and its subsidiary company Elgas have secured a major contract valued at approximately $8 million to supply LNG to Nestlé’s coffee factory in Gympie, Queensland. The five-year contract commencing in March 2013 is for approximately five tonnes of LNG per day. BOC’s sales manager for LNG, David Mc
Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, announced that it has secured a subsea installation contract in 2013 worth approximately US$25.0 million from a third-party client, who is a leading offshore contractor in the oil and gas industry. Work for t
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will commence shortly and will
Unique System FZE, a Unique Maritime Group company which is one of the world’s leading integrated turnkey subsea and offshore solution providers signs a joint venture with the National Hyperbaric Centre (NHC) to launch a training centre and training courses in the UAE. The National Hyperbaric Centre
Otto Marine Limited announces that its shipyard has, through one of the Company’s wholly-owned subsidiaries, sold a Multi-purpose Field Support and ROV Support Vessel “Otto Explorer 3” to RY Offshore Limited for an aggregate consideration of approximately US$50 million. Upon completion of the sale,
SeaBird Exploration Plc (“SeaBird”) announces that the Geo Pacific has signed a LOA with estimated total duration of 85 days in the Caribbean. Estimated contract value is approximately USD 12.5 million. Commencement is expected second part of April. Geo Pacific is currently undergoing sea trials off
Israel has achieved a major milestone on Saturday when natural gas production commenced from the Tamar field off Israel’s Mediterranean shore, Reuters reports. The country is expected to become a gas exporter by the end of the decade. Partners in the fields stated that they had invested $3 billion i
Hess Corporation announced it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date
Aberdeen-based XPD8 Solutions has reported a strong start to 2013 after its condition monitoring team secured work worth more than £2 million and announced plans to expand its workforce. The company, which specialises in the management of maintenance systems for oil and gas producing assets, has bee
Sumitomo Corporation and Tokyo Gas Co., jointly announced today, after extensive discussion since April 2012 with Dominion Cove Point LNG, the operator of the Cove Point LNG Project in Maryland USA, that a Terminal Service Agreement and a Heads of Agreement for Sale and Purchase with respect to the
