Subsea

Technip announces that it has signed two agreements with State Corporation Russian Technologies (Rostec) during the official meeting between François Hollande, President of the French Republic, and Vladimir Putin, President of the Russian Federation, held yesterday in Moscow, Russia. The agreements aim at manufacturing flexible pipes and umbilicals in Russia, …

A new subsea oil and gas group, Harkand, chaired by oil and gas industry veteran Tom Ehret, is launching today with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their …

GE announced it has entered into an agreement to acquire Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology. The acquisition, which is subject to regulatory approval and other customary closing conditions, further expands GE’s monitoring and sensing solutions and will be part …

FMC Technologies, Inc. reported second quarter 2012 revenue of $1.5 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were$0.46 compared to $0.39 in the prior-year quarter. Highlights: — Record Company operating profit of $203 million — Second quarter Subsea Technologies revenue of $946 million — Year-to-date Subsea Technologies orders of $2.3 …

Proserv, a global leader in energy production technology services, has unveiled a next generation subsea cutting tool that provides complete well severance and significantly reduces in-well operational time by up to 50%. Proserv’s enhanced Multi-String Cutting (MSC) tool, which was launched today at theOffshore TechnologyConference inHouston, is a customisable internal …

FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total inbound orders of $1.8 billion were up 14 percent from the prior-year quarter and included $1.3 billion in Subsea Technologies …

FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC’s …

FMC Technologies, Inc announced today that its Australian subsidiary has signed an agreement with Chevron Australia Pty Ltd for the design, manufacture and supply of subsea production systems to support the Wheatstone Project. The contract has an approximate value of $325 million in revenue to FMC Technologies. The Chevron-operated Wheatstone …

Stuart Nelson & Kirill Izmikov: Shtokman Development AG The design, installation and operation of the Shtokman Project are akin to those faced when working in outer space, such are the complexities. Stuart Nelson, subsea production unit manager and Kirill Izmikov, subsea production unit engineer at Shtokman Development AG, discuss the …

FMC Technologies, Inc. announced today that it has signed an agreement with Shell Development (Australia) Pty. Ltd. to supply subsea production and associated topside systems for the Prelude field development. The companies also announced an aftermarket agreement that will result in FMC Technologies Australia Ltd. performing installation and commissioning services …