Subsea

ABB’s latest white paper explores the potential for using long step-out systems to power subsea pump and compressor applications as a way to economically and safely recover hydrocarbons. The features, advantages and benefits of applying a long step-out system to subsea pumping and compression applications is detailed in a new …

Technip and FMC Technologies, Inc. today announce that the companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas. The combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement …

At the Barents Sea Conference in Hammerfest today, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil. The new subsea solution is called Cap-X. “Once again we aim to drive subsea technology development on the Norwegian continental …

Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support. “We are …

National Oilwell Varco, Inc. announced today that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. RIGSENTRY™ now offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This predictive feature is the result …

Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also …

The agreement demonstrates Aker Solutions’ commitment to advance their business performance initiatives in a tough environment of challenging market economics – and to ensure continued innovation in design with high accuracy, consistency, relevance and transparency. With this new global framework agreement in place, Norwegian oil services company Aker Solutions can …

Aker Solutions and Saipem agreed to cooperate on targeted subsea oil and gas development projects worldwide. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions‘ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, …

Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. The two companies will build on …

Additional support from UK Government (Innovate UK) and National Composite Centre Magma Global is pleased to announce the signing of a joint development agreement with BP and Subsea 7 in a project to qualify Magma’s carbon fibre m-pipe® as the next generation of subsea pipelines. The programme is also supported …