TechnipFMC
TechnipFMC News
Subsea Vessel Market is Full Steam Ahead
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side…
Maersk Supply Service Pens Major Contract for FPSO Work in Brazil
Danish offshore vessel owner Maersk Supply Service said Thursday it had signed an assignment agreement with TechnipFMC for work in Brazil.The scope covers the pre-installation of the mooring system and hook-up of the FPSO P-78. The FPSO P-78 will be the seventh FPSO in the Búzios field, located in the Santos Basin, offshore Brazil.According to Maersk Supply Service, the project will be carried out over nearly two years…
Wilhelmsen, NorSea Acquire Stake in Norwegian Deep-sea Mining Firm
Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals."As the energy transition continues to gather pace, we are actively looking at new projects and business areas, outside of the oil and gas industry, where NorSea’s unique port infrastructure and proven service and supply know-how can continue to be a key driver of success.
TechnipFMC to Take Full Ownership of Well Intervention Firm TIOS
Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore.TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore.TechnipFMC said Thursday the move would speed up the development of TechnipFMC’s integrated service model "focused on maximizing value to our clients."TIOS provides fully integrated Riserless Light Well Intervention (RLWI) services…
Offshore Energy Outlook for 2020
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past. As of this writing, Brent oil was hovering around $62 per barrel…
MarineLink's "Top 10" Festive Video Pops
As 2019 winds down, sit back for a lighthearted look at what the editorial teams at Maritime Reporter & Engineering News, MarineNews, Marine Technology Reporter & Offshore Engineer have found and dubbed the top 10 festive holiday videos from across the maritime, offshore energy and subsea sectors.While this is certainly not the "Oscars," hat's off to Subsea 7 and Port IT for their slick animated productions, and to the U.S.
TechnipFMC Sells Subsea Vessel
UK-based player in subsea, onshore/offshore and surface projects TechnipFMC has entered into a memorandum of agreement (MOA) to sell the Global 1201 S-lay and heavy…
TechnipFMC Wins ConocoPhillips Award
American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release…
TechnipFMC Orders Vallourec Pipes for Mero 1
The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC in Brazil to supply around 12,000 tons…
TechnipFMC Acquires DSV Deep Discoverer
TechnipFMC announced Monday it has acquired a newbuild diving support vessel (DSV) Deep Discoverer. The vessel will primarily service the North Sea diving construction and inspection, repair and maintenance (IRM) markets.The company signed a deal with VARD shipyard in Norway to purchase the vessel in late 2018. The vessel is currently undergoing an operational readiness program and will begin work in the first half of 2019.Deep Discoverer has DP3 capabilities…
TechnipFMC Wins EPC Contract with Egypt's MIDOR
Oil and gas industry company TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the…
Equinor Subsea Pact with Aker Solutions, TechnipFMC
Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.For several decades…
