Posts Tagged ‘subsea’
The offshore contractor did not reveal any details relating to the costs involved but said the “state-of-the-art” vessel would be delivered in 2015.It will be the third newbuild diving support vessel to be added to Subsea 7’s fleet in recent years, following the delivery of the Seven
Subsea 7 S.A. awarded $70 million North Sea contractOSLO -- Subsea 7 S.A. announced the award of a $70 million contract for subsea construction services associated with pipeline replacements North East of Shetland.A key part of the project is the fabrication and installation of 27 km of replacement pipeline, and associated
The offshore contractor also saw revenue rise by more than one-fifth to $1.74 billion compared to the same quarter in 2011, and vessel utilisation improved by 5% to 88%.Subsea 7 chief executive Jean Cahuzac said in a statement on Monday that the results were in line with the company’s expectations.
Cameron and Schlumberger form subsea joint venture to target subsea oil production and recoveryHOUSTON -- Cameron and Schlumberger announced the creation of OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market. This new company will offer a step change in reservoir