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Last updated on April 24, 2014 at 5:50 EDT

Latest Subsea Stories

2013-03-26 16:23:21

HOUSTON, March 26, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a renewed Framework Agreement with Statoil (NYSE: STO) to provide subsea operations services for its developments on the Norwegian Continental Shelf. The duration of the agreement is five years with options for three additional three-year extensions. Under the terms of the agreement, previously announced by Statoil, FMC Technologies will continue to provide installation services,...

2013-03-21 08:25:05

HOUSTON, March 21, 2013 /PRNewswire/ - Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has completed its first steel tube umbilical for a major oil and gas operator in the Gulf of Mexico. The umbilical, which is based on Deep Down's patented non-helical design, was tested and manufactured at Deep Down's Channelview, Texas facility during the...

2013-03-21 08:24:42

HOUSTON, March 21, 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 the Who Dat field. The order has an estimated value of $30 million in revenue. The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water depths of approximately 3200 feet (975 meters). FMC Technologies' scope of supply includes subsea trees, a subsea manifold,...

2013-03-20 08:21:38

HOUSTON, March 20, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field. Under the terms of the agreement, FMC Technologies will support Tullow Ghana's completions and production operations for the Jubilee field from its Subsea Service Base in Takoradi, Ghana. FMC Technologies will provide offshore and onshore technical services, including...

2013-03-14 08:24:25

HOUSTON, March 14, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project in the Gulf of Mexico. As part of the order, Deep Down will trans-spool the customer's product onto the reels prior to final...

2013-03-14 00:20:23

HOUSTON, March 13, 2013 /PRNewswire/ -- Wood Group Kenny has been awarded a contract by Saipem for the engineering analysis and configuration design of the steel lazy-wave riser (SLWR) system for the Sapinhoa Norte pre-salt field, approximately 300km off the coasts of Rio de Janeiro and Sao Paulo states in Brazil. This award follows tender support work and conceptual riser engineering that Wood Group Kenny provided to Saipem in Paris at the original bid stage of this project. Saipem has...

2013-03-12 08:23:40

HOUSTON, March 12, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has signed a three (3)-year frame agreement, with optional one (1)-year extensions, with a major international OEM for the purchase of goods and services, including the manufacture of steel tube flying leads. The first order Deep Down received under this...

2013-03-06 04:20:41

PARIS, March 6, 2013 /PRNewswire/ -- 2012 revenues: up 17.7% Gross operating income (EBITDA) EUR406.2 million, up 35.3% Operating income (EBIT) EUR161.6 million, up 89.4% "In the context of a favorable oil & gas services market, the growth in BOURBON's 2012 results illustrates the value of our strategy which is aimed, through our series of innovative series vessels, at meeting our clients'...

2013-03-04 08:23:53

HOUSTON, March 4, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has received orders totaling more than $4 million for equipment and services for deepwater projects offshore Brazil. (Logo: http://photos.prnewswire.com/prnh/20121204/LA23242LOGO) The first order is from a major international oil and gas operator for the...

2013-02-26 16:20:23

PARIS, February 26, 2013 /PRNewswire/ -- BOURBON Takes Delivery of the Bourbon Evolution 803, the 3rd Vessel in the 1st Large IMR Series for the Offshore Industry A series of vessels designed to operate in complete safety at depths of 3000 meters. The first two sisterships already operate in West Africa. Resource exploration is going into increasingly deep waters and the new milestone for oil and gas marine industry operations is now at 2,500 to 3,000 meters. To...