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Last updated on April 20, 2014 at 21:20 EDT

Latest Subsea Stories

2014-01-20 12:20:23

ST-JOHN'S, Jan. 20, 2014 /CNW/ - The Research & Development Corporation (RDC) is investing $2.4 million in 11 research and development (R&D) projects that capitalize on Newfoundland and Labrador's proximity to a harsh, ocean environment. The total value of the research projects is more than $7.9 million, including investments from the private sector and federal funding agencies. "Living and working in a harsh operating environment challenges us to find innovative ways to...

2014-01-20 08:21:04

Bidding opens January 21 for an array of tubulars, construction, processing, production, marine, drilling and well-service equipment WASHINGTON, Jan. 20, 2014 /PRNewswire/ -- Liquidity Services, Inc. (NASDAQ: LQDT), a global solutions provider in the reverse supply chain with leading online marketplaces for surplus assets, is conducting an online auction on behalf of Murphy Oil Corporation. The auction will sell pipe and drilling equipment no longer needed in Murphy's daily operations at its...

2013-12-30 08:22:18

HOUSTON, Dec. 30, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of a Workover System (WOS) to be installed on the Snorre B platform. The award has an approximate value of $114 million in revenue. The new WOS will replace an earlier system and will allow Statoil to perform intervention activities designed to increase performance and oil recovery from the field's subsea wells. "This...

2013-12-17 12:29:02

Continued client and revenue growth, expansion into new global markets, and launch of 'State of Subsea' expert series define past year for facilities-based telecom consulting and service company NEW YORK, Dec. 17, 2013 /PRNewswire/ -- APTelecom, a facilities-based telecom consulting and service company specializing in emerging markets, today announced several milestone achievements the company has achieved in 2013. Among the most notable APTelecom milestones over the past year include:...

2013-12-04 08:24:45

HOUSTON, Dec. 4, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Tidewater Subsea (Tidewater) to supply a fleet of six work-class ROV systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies' Schilling Robotics business unit and are expected to be delivered before the end of 2013. The contract value is approximately $30 million in revenue. FMC Technologies will supply integrated Heavy...

2013-11-21 08:22:17

CHARLOTTE, N.C., Nov. 21, 2013 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that it was awarded a contract in Q3 worth approximately $22 million for oil well production pumps. The pumps will be utilized for key artificial lift service on EnQuest's new offshore subsea heavy oil field project, currently being developed in the UK North Sea. Specifically, the new order is for fifteen ClydeUnion-branded Hydraulic Submersible Pumps, (HSPs), which will be fulfilled by...

2013-11-19 08:23:17

HOUSTON, Nov. 19, 2013 /PRNewswire/ -- Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today it has received orders for Steel Tube Flying Leads and associated services in the Gulf of Mexico and West Africa. (Logo: http://photos.prnewswire.com/prnh/20121204/LA23242LOGO) The first order is for fourteen (14) steel flying leads and ancillary...

2013-11-15 00:20:20

BOURBON Continues its Policy of Modernizing and Standardizing its Fleet by the Sale of Two Vessels for US$130 Million, Generating Capital Gains of Approximately US$63 Million PARIS, November 15, 2013 /PRNewswire/ -- BOURBON announces the sale of the Bourbon Surf and Bourbon Borgstein, two large 10-year old Norwegian built AHTS (Anchor Handling Tug Supply) vessels for a total amount of US$130 million, generating a total capital gain of approximately US$63 million. BOURBON...

2013-11-11 08:23:02

HOUSTON, Nov. 11, 2013 /PRNewswire/ -- DeepFlex announced today that Felipe Lamego has been promoted from his current role as Vice President-Business Development and Sales to President and Chief Executive Officer. Felipe will report to the Chairman of the DeepFlex Board of Directors and succeeds Mike Kearney, who has left the company to pursue other interests. Prior to joining DeepFlex in 2012, Felipe was the Business Development Manager for Technip Umbilical Systems. Felipe held...

2013-11-06 00:20:18

PARIS, November 6, 2013 /PRNewswire/ -- Signs of continued improvement in offshore vessel demand Revenues up 8.6% vs. 3rd quarter 2012 and up 12.2% vs. first nine months 2012 partly as a result of contract renewals at improved rates - Revenue increased 8.6% versus third quarter 2012 benefiting from fleet increases and steady utilization rates -...