Rystad Energy: Offshore service market growth to outpace shale in 2019
Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
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Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
The company’s partner, Cepemais, has been awarded a contract to provide high-resolution hydrographic mapping services to Petrobras.
The 2009-built vessel is to be renamed Seven Pegasus and will primarily support Subsea 7’s operations in the North Sea and Asia Pacific.
The company has announced its partnership with subsidiaries of Royal Dutch Shell plc and Spirit Energy Limited following the award of PL 969 in the recent APA licensing round.
The contracts are for engineering activities related to the upstream development’s floating production unit, the export trunkline and the subsea umbilical risers and flowlines.
Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner.
The contracts were split across Vryhof's three businesses: Deep Sea Mooring, Vryhof Anchors, and Moorlink.
This contract follows the successful completion of a rigorous testing program, in which TOTAL qualified Airborne Oil & Gas’ TCP Water Injection Jumper for permanent subsea applications.
The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million bbls with good profitability.
Maven Capital Partners, one of the UK’s most active private equity houses, has, through its management of two regional funds, provided £1.95 million of capital to Dyer Engineering Ltd, the largest independent engineering business in County Durham.
The Board of Triangle Energy Limited has provided the following update on its Cliff Head oilfield operations, located in the Perth Basin approximately 270 km north of Perth in Western Australia.
The award consists of engineering, procurement, construction and installation (EPCI) of three Oil Production Deck Manifolds and Subsea Pipelines in Zuluf and Berri Fields of Saudi Aramco.