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Last updated on April 25, 2014 at 1:22 EDT

Latest Subsea Stories

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 -...

2013-10-23 16:21:25

Manned Submersible Inspects Marine Life to Study Rigs to Reefs Program and Completes Record-Setting Series of Dives SEATTLE, Oct. 23, 2013 /PRNewswire/ -- OceanGate Inc. (OGI), a global provider of deep-sea manned submersible solutions, has completed a series of dives in the Gulf of Mexico to observe the ecological impact of decommissioned oil platforms on ocean life using the 5-person manned submersible Antipodes. This expedition was part of an initial study related to the "Rigs to...

2013-10-22 08:25:53

HOUSTON, Oct. 22, 2013 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that it has entered into a five year global frame agreement with BP International Limited for the supply of subsea wellhead equipment and related services. The contract provides the terms and conditions for worldwide call off orders placed by BP for Dril-Quip's Big Bore II-H series subsea wellhead systems. Orders previously placed by BP during 2013 will also be governed by the terms of this contract....

2013-10-15 08:25:00

HOUSTON, Oct. 15, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Tullow Ghana Limited to supply subsea systems for its Tweneboa-Enyenra-Ntomme Development (TEN Project) offshore Ghana. The order has an estimated value of $340 million in revenue. FMC Technologies' scope of supply includes subsea trees, manifolds, tooling, associated subsea control systems and systems integration. FMC Technologies has been operating in Ghana...

2013-10-01 16:21:42

HOUSTON, Oct. 1, 2013 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced today it has commissioned the construction of a subsea support vessel from BAE Systems. Expected delivery of this vessel is by the end of the first quarter of 2016. This vessel will be U.S. flagged and documented with a coastwise endorsement by the U.S. Coast Guard. It will have an overall length of 353 feet, a Class 2 dynamic positioning system, accommodations for 110 personnel, a helideck,...

2013-09-23 08:22:47

Major Oil and Gas Operators and Service Company Execs to Address Deepwater Industry Trends, Pioneering Technologies and Lessons Learned from Recent Projects HOUSTON, Sept. 23, 2013 /PRNewswire/ -- WHAT: The 32nd annual Deep Offshore Technology (DOT) International Conference and Exhibition. DOT is a three-day, oil and gas industry event unlike any other gathering of...

2013-09-14 23:01:43

Power Grid System Market report focuses on market share analysis, value chain, Porters five force analysis, and market metrics such as drivers, restraints and opportunities. http://www.marketsandmarkets.com/Market-Reports/subsea-power-grid-offshore-supply-market-1100.html (PRWEB) September 14, 2013 The report "Power Grid System Market In Subsea, by Offshore Power (Captive Generation, Wind Power, Others), Components (Cables, Variable Speed Drives, Transformers, Switchgears, Others),...

2013-09-12 08:21:07

HOUSTON, Sept. 12, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Shell to supply subsea systems for the Parque das Conchas Phase 3 development offshore Brazil. FMC Technologies' scope of supply includes seven subsea trees, two manifolds and associated subsea control systems. The company will also supply tie-in connection systems and subsea distribution hardware and associated tooling and services. Also known as BC-10...

2013-09-10 08:22:45

HOUSTON, Sept. 10, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Petrobras, Brazil's national oil company, for the supply of subsea manifolds for its pre-salt fields, located offshore Brazil. The total scope of supply includes the delivery of up to 16 subsea manifolds and would result in approximately $650 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The...

2013-09-05 08:23:39

HOUSTON, Sept. 5, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for subsea equipment for the Gullfaks Rimfaksdalen project. The order has an estimated value of $90 million in revenue. FMC Technologies' scope of supply includes subsea trees, wellheads, a manifold, control systems integration and other associated equipment. "FMC Technologies is pleased to provide Statoil with the subea equipment needed...