Subsea news
TechnipFMC reduces 2020 CAPEX
The company has announced a 30% reduction in 2020 CAPEX to US$300 million.
Subsea 7 withdraws 2020 guidance
The company has said it has sufficient liquidity to weather the challenges of low commodity prices and the Covid-19 pandemic.
Magseis Fairfield awarded Gulf of Mexico OBN contract
The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.
Unique Group signs exclusive agreement with OTAQ Offshore
Unique Group will represent OTAQ Offshore's technology and products across the Middle East, APAC and the Americas.
Aker Solutions secures umbilicals order from Chevron
The contract includes work for the Anchor project in the US Gulf of Mexico.
Xodus records growth in subsea cable services
The number of new assignments for the company grew by more than 50%, resulting in more than 70 active work streams in 2019.
Tracerco awarded deepwater subsea inspection project
The Gulf of Mexico operator will deploy DiscoveryTM, Tracerco’s Subsea CT Scanner, to obtain critical baseline integrity data on the new pipeline system.
Construction of UK subsea engineering facility begins
Express Engineering's subsea engineering assembly and test centre is due to come onstream in late 2020.
Stinger Technology awarded R&D contract by Neptune Energy
The contract is for the development, qualification and field trials of autonomous inspection/intervention subsea drones.
Fugro and US NOAA developing new approach to deepwater mapping
Fugro and the US National Oceanic and Atmospheric Administration Office of Ocean Exploration and Research are focusing on mapping deepwater areas of the US Exclusive Economic Zone (EEZ).