Offshore news

Compared to 2016, the company’s North Sea business grew an unprecedented 60% – far exceeding the regional target for the period.

SBM Offshore has announced that the first steel cut for the hull of its standardised Fast4Ward FPSO took place at the SWS yard in Shanghai, China on Friday March 23, 2018.

The Oil & Gas Innovation Centre (OGIC) has invested more than £300 000 into three new projects which have the potential to cut operational costs and improve efficiency in the oil and gas industry.

Collaboration is key to unlocking stranded five million bbl North Sea oilfield.

An average Capex of US$3.0 billion per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020.

The award covers the delivery and installation of subsea equipment including umbilicals, flowlines and the subsea production system for the Gumusut-Kakap Phase 2 Project.

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development.

Regular training sessions take place every year for Team Leaders and Technicians, who have a 'hands on' experience led by experts in the new technologies.

The B15 gas field development is a maiden gas development project for Sapura E&P and the first gas milestone was achieved within two years of the sanction of its Field Development Plan.

TechnipFMC has agreed the terms of a collaboration agreement with Magma Global Ltd. to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications.