Latest Subsea Stories

HOUSTON, Feb. 18, 2013 /PRNewswire/ -- Cameron (NYSE: CAM) has signed an agreement with EEPNL, an ExxonMobil affiliate, for the supply of subsea production systems to the Erha North Phase 2 development. The scope of supply includes five subsea production trees, two water injection trees, three manifolds, production and topside controls and associated equipment. Deliveries will commence in 2014. Cameron Chairman, President and Chief Executive Officer Jack B. Moore said, "Cameron is...

HOUSTON, Feb. 5, 2013 /PRNewswire/ -- Sulzer Pumps Ltd and FMC Technologies, Inc. (NYSE: FTI) strengthened their existing relationship through the signing of a long-term and exclusive collaboration agreement. This agreement addresses the supply of pumps for subsea applications and the further development of pumping technology of Sulzer Pumps to meet the future needs of FMC Technologies and the subsea exploration and production industry. Through this agreement, both companies aim to...

HOUSTON, Feb. 4, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from BP (NYSE: BP) for the manufacture and supply of subsea equipment to support water injection in the Thunder Horse field. The Thunder Horse oil field is located in the Mississippi Canyon area of the Gulf of Mexico, 150 miles (240 kilometers) southeast of New Orleans in approximately 6,300 feet (1,920 meters) of water. FMC Technologies' scope of supply includes...

HOUSTON, Jan. 17, 2013 /PRNewswire/ -- Two subsea ready, Li Ion battery products announced today by battery solutions innovator Southwest Electronic Energy Group (SWE), break new ground with 4x longer deployments and 8x more charge cycles than lead acid batteries while delivering uncompromising safety. SWE SeaSafe(TM) products will power the entire range of modern subsea vehicles from MUVs (manned underwater vehicles) to ROVs (Remote Operated Vehicles) to AUVs (Autonomous...

HOUSTON, Jan. 10, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from CNR International Ltd. (NYSE: CNQ) for subsea equipment for the Baobab field. The Baobab field is located in Block CI-40 West Africa approximately 16 miles (25 kilometers) offshore from the Ivory Coast. FMC Technologies' scope of supply includes six subsea trees, eight wellheads, three manifolds, and a Subsea Control System including subsea distribution...

HOUSTON, Jan. 7, 2013 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Transocean Prospect semi-submersible drilling rig has been mobilized to the Rochelle field to complete the drilling of the East Rochelle development well in the U.K. Central North Sea. After a short mobilization period, anchoring and set up process, the rig will commence final drilling and completion of the development well. Drilling of the East Rochelle...

ABERDEEN, Scotland, Jan. 4, 2013 /PRNewswire/ -- Proserv Group Inc. ("Proserv"), a leading energy production technology services company, has acquired Total Instrumentation & Controls ("TIC"), a specialist in in advanced process and control systems equipment, based in Houston, Texas. TIC generated over $50 million in revenue in 2012. Proserv is a portfolio company of Intervale Capital, an energy-focused private equity firm based in Cambridge, Massachusetts. TIC has...

HOUSTON, Jan. 3, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received a subsea equipment order from LLOG Exploration Company, LLC (LLOG Exploration) for their Delta House project. The order has an estimated value of $114 million in revenue. The project is located in the Gulf of Mexico Mississippi Canyon area in water depths of approximately 5000 feet (1524 meters). FMC Technologies' scope of supply includes nine subsea trees, four subsea...

HOUSTON, Dec. 26, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil (NYSE: STO) for the supply of additional subsea equipment for the Snorre field. The order has an estimated value of $33 million in revenue. Under the terms of the agreement, FMC Technologies will provide 10 production risers and tieback connectors. The equipment is scheduled for delivery in 2015. "FMC Technologies has been providing subsea...

HOUSTON, Dec. 13, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with PT Rajawali Swiber Cakrawala (PTRSC) for the manufacture and supply of subsea controls for the South Belut field development. The order has an estimated value of $40 million in revenue. The field is located in the South Natuna Sea Block B PSC and in water depths of approximately 334 feet (102 meters). This order provides for the supply of a topside and...