Subsea ///

Tidewater Inc., GulfMark Offshore announce $1.25-billion merger

Tidewater Inc. and GulfMark Offshore, Inc., have announced that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies.

POSCO DAEWOO Corp. selects McDermott and BHGE for Myanmar development

McDermott International, Inc. and Baker Hughes, a GE company, announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar.

BHGE awarded subsea, well completions contracts for Australia's Gorgon project

Baker Hughes, a GE company has been awarded a substantial contract from Chevron Australia Pty Ltd. for the supply of subsea production equipment, under a 15-year Master Service Order (MSO), with a second contract for well completion equipment.

Sercel extends capability of 508XT seismic acquisition system to transition zones

Sercel announced today the launch of a transition zone version of its state-of-the-art 508XT seismic acquisition system.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

Subsea 7 secures contract from Shell for Penguins Project

Subsea 7 has announced the award of a contract by Shell for the Penguins Redevelopment Project, located approximately 150 mi northeast of the Shetland Islands.

Shell announces start of production at first phase of Kaikias in the Gulf of Mexico

Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has announced the early start of production at the first phase of Kaikias, an economically resilient, subsea development in the U.S. Gulf of Mexico.

TechnipFMC awarded subsea contract for Liuhua fields, offshore China

TechnipFMC has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea.

Petrofac secures project support, engineering services contract with Husky Oil in China

Petrofac’s Engineering & Production Services (EPS) East division has secured a project support and engineering services contract with Husky Oil China Ltd. (HOCL). The three-year contract is in support of HOCL’s Liuhua 29-1 gas field development project located offshore at the Pearl River Mouth basin.

Equinor invests in Fram field, nearly doubling remaining reserves

Equinor (formerly Statoil) and its partners make investments in Fram field that will almost double remaining reserves.

Bibby Offshore secures multi-million North Sea contract

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has secured a two-phase multi-million pound contract with a leading oil and gas and production company.

Rovco attracts £1.2-million investment to launch live 3D subsea technology

Subsea services company, Rovco is on track to rapidly grow its share of the global subsea market after securing a £1.2-million investment, enabling the firm to launch its advanced live 3D subsea survey system and triple its workforce.

IPAA supports Interior’s efforts to remove regulatory hurdles to offshore safety

Following the publication in the Federal Register of Bureau of Safety and Environmental Enforcement’s (BSEE) proposed revisions to the Blowout Preventer Systems and Well Control Rule, IPAA Senior V.P. of Government Relations and Political Affairs Dan Naatz praised the bureau’s work on revising flawed regulations and advancing safer offshore industry operations.

Bibby Offshore secures subsea services contract with Spirit Energy

Bibby Offshore, a subsea services provider to the oil and gas industry, has secured a fixed term framework agreement with leading independent oil and gas operator, Spirit Energy.

Statoil awards five-year IMR services contract to Subsea 7

Statoil is awarding Subsea 7 Norway AS a five-year contract for IMR services to be carried out by the Seven Viking vessel for subsea operations on the Norwegian continental shelf (NCS).

Rystad Energy says 100 new offshore projects to be sanctioned this year

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy.

InterMoor launches acoustic release mooring connectors

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has announced the market introduction of its new Inter-M Release mooring connector.

Universal Subsea Inc. introduces new subsea isolation cap at OTC

Sean Thomas, P.E., general manager at Universal Subsea Inc., presented the company’s business plan and patent-pending Wellhead Defender subsea isolation cap at the Rice Alliance Startup Roundup at OTC on April 30.

Delmar Systems, MDL launch wire rope inspection and change-out service solution

Delmar Systems and Maritime Developments (MDL) have formed a joint-partnership to launch LiveWire, an innovative solution for wire rope inspection and change-out services.