Offshore news

A permanent, gas-tight seal was required for a well with a 36” OD that was experiencing gas migration.

Wärtsilä will operate the power modules onboard a FPSO vessel, on behalf of the owner 3R Petroleum and has also signed a five-year optimised maintenance agreement with the company to ensure the reliability and performance of the installation.

The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA).

The company has announced contract fixtures for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately US$113 million in firm contract backlog.

The US Gulf of Mexico region-wide Lease Sale 259 attracted 353 bids from 32 companies, with high bids totalling US$264 million.

The company’s scope of work includes the design and manufacture of the subsea production manifold featuring TCS subsea connectors along with valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy.

Official analysis has revealed that the accelerating decline of Scotland’s oil and gas production will increase Scotland’s emissions, threaten jobs and ultimately could make Scotland poorer.

The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with US$214 billion of new project investments lined up, according to Rystad Energy.

The company has announced that it has entered into agreements to acquire 187 889 551 shares in Seaway 7 ASA corresponding to 21.52% of Seaway7's issued and outstanding share capital, from Songa Capital AS, West Coast Invest AS and Lotus Marine AS.

Forum Energy Technologies (FET) has secured a significant order from DOF Subsea to deliver four of its advanced work-class remotely operated vehicles (ROVs).