Subsea

Aker Solutions‘ revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Financial Highlights …

OneSubsea®, a Cameron and Schlumberger company, announced today that they have signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines …

FMC Technologies, Inc.announced today that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in …

FMC Technologies, Inc. and Technip today announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on June 1, 2015. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip …

Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions’ subsea processing experience and testing facilities and Fjords’ topside and onshore separation …

Magma Global is the manufacturer of m-pipe®, a carbon fibre PEEK pipe designed and manufactured to be the world’s most reliable subsea pipe for a wide range of exploration and production applications. Magma commissioned an independent report from Calash, the specialist energy sector strategic advisory firm, to analyse the potential …

FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained. Bringing the …

Aker Solutions today presents five strategic objectives after splitting in two in September last year to better position all parts of the business and meet the needs of customers. The company, which meets today with investors in London, will build on its strengths in key subsea and field design markets …

Hot on the heels of a new Recommended Practice (RP) for subsea lifting, DNV GL has now published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). The aim is to help operators carry out maintenance activities at the most cost effective intervals, …

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The recommended practice developed by DNV GL, the leading technical adviser to the oil & gas industry, provides guidance on the proper design and …