Monday, October 21, 2019

Technip News

Jutal Offshore Wins Contracts Worth $490m

Image: Jutal Offshore

Chinese oil and gas techincal services company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of RMB3.5bn ($490mln).The number of new…

Saipem Joins JV for Arctic LNG2 Project

Image: Novatek

Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in the west of Siberia.The subsidiary…

TechnipFMC: Record Orders, Backlog in Q2

(Photo: TechnipFMC)

Franco-American oil services company TechnipFMC received a record volume of orders in the second quarter, pushing its backlog of projects to a peak thanks to new liquefied natural gas projects, it…

TechnipFMC Wins $7.6 Bln Contract

(Image: Novatek)

Oil services company TechnipFMC won a $7.6 billion contract with Russia's Novatek and its partners for the Arctic 2 liquefied natural gas project in western Siberia, pushing TechnipFMC's shares higher.TechnipFMC's…

TechnipFMC Names New Chairman

(File photo: TechnipFMC)

Oil services group TechnipFMC said on Thursday Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko's imminent retirement.Pilenko was one of the key directors…

Bpifrance, TechnipFMC File Complaint Against Naval Group

(File photo: Naval Group)

French state-owned bank Bpifrance and oil services company TechnipFMC have filed a complaint against Naval Group for willful misrepresentation, a source close to the matter told Reuters, confirming a story in Challenges magazine.The complaint wa

Hochoa Takes Over as Bourbon CFO

Thierry Hochoa (Photo: BOURBON)

French offshore services provider Bourbon Corporation announced Thierry Hochoa has been appointed as Chief Financial Officer effective as of August 6. He reports directly to Gaël Bodénès, Chief Executive…

PDi Celebrates a Decade in Decommissioning

Photo: PDi

This year, Project Development International (PDi) Ltd., part of the Tattva Group, celebrates a decade of activity within the decommissioning sector. As a provider of multi-disciplined engineering…

DNV GL Aims to Unlock Pipeline Cost Savings

Brice Le Gallo (Photo: DNV GL)

The design requirements of concrete coated pipelines are based on simple and general criteria created more than 20 years ago. As this does not meet the complex demands of today’s larger diameter pipelines…

Production Floaters Orders Are on the Rebound

© sadagus/Adobe Stock

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate.

Schlumberger, Subsea 7 Mull Oil Services JV

(Photo: Subsea 7)

Schlumberger, the world's largest oilfield services firm, and smaller peer Subsea 7 said on Friday they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields.

UTEC Bags TechnipFMC Contract in Australia

UTEC said it has been won a contract from Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western Australia.

New Senior Management at Kreuz Subsea

AJ Jain (Photo: Kreuz Subsea)

Singapore registered subsea solutions provider Kreuz Subsea has named AJ Jain chief executive officer and Balaji Bhashyam as chief operating officer. Jain brings to the CEO role more than 25 years of executive industry experience…

Saipem Confirms Profit Guidance

Italian oil services group Saipem swung back to profit in the third quarter despite an industry slowdown, flagging more orders on the way and confirming profit guidance. Its shares were up almost 10…

Prelude FLNG Enters into Lloyd’s Register Class

Prelude being towed to Australia  (Photo: Lloyd's Register)

Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd's Register (LR) class. At 488 meters long, 74 meters wide and displacing about 600,000 tonnes of water…

Shell's FLNG Facility Sets Sail for Australia

The Shell FLNG underway (CREDIT: Shell)

Royal Dutch Shell's Prelude floating liquefied natural gas (FLNG) ship has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on Thursday. Shell's $12.6…

Mining Service Sector Outpaces Oil Peers

File Image: CREDIT BHP Billiton

Miners' quest for technology adds to order books. Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and…

DONG to Sell O&G Business to Ineos for $1.3 Bln

File photo: DONG Energy

Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said on Wednesday, the latest in a string of North Sea deals.

DONG Energy Settles Platform Dispute

DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field.

DOF Vessel Awarded Prelude FLNG Work

Geoholm (Photo: DOF Group)

The DOF Group said its subsidiary DOF Subsea Australia Pty Ltd has been awarded a contract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, for the provision of multipurpose support vessel…