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Latest Subsea Stories

2014-02-18 08:24:05

LONDON, Feb. 18, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: World Subsea Hardware Market Forecast 2013-2017 Subsea Hardware spend forecast to double to $124 billion Douglas-Westwood forecast spend during 2013-2017 to double to $124 billion compared to the preceding five-year period. Deepwater activity is booming in the 'Golden Triangle'; Brazil, West Africa and the Gulf of Mexico, which is forecast to account for 44% of total subsea hardware...

2014-02-13 12:21:52

ABERDEEN, Scotland, Feb. 13, 2014 /PRNewswire/ -- Proserv Group Inc. ("Proserv"), a global energy production technology services company, has acquired KRG Industries Ltd. ("KRG"). With a 35-year track record, KRG is a well-established provider of precision engineering and manufacturing services to the oil & gas industry. KRG utilizes a modern fleet of high-specification equipment to provide solutions including machining, welding, inspection and testing to an increasingly...

2014-02-13 08:24:08

HOUSTON, Feb. 13, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia. The order has an estimated value of $720 million in revenue if the full scope of the award is called off. FMC Technologies' scope of supply includes subsea trees, manifolds, jumpers and connection systems, umbilicals, tooling and associated topside and...

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...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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