Subsea

Anchors Aweigh as Chevron Sanctions Green Canyon Deepwater Project in GOM

Anchors Aweigh as Chevron Sanctions Green Canyon Deepwater Project in GOM

Chevron Corp. on Thursday sanctioned the massive Anchor oil and natural gas project in the U.S. Gulf of Mexico (GOM), the first greenfield launch in nine years and the first high-pressure project for the domestic offshore.

December 12, 2019

Technip-FMC Creating Onshore, Offshore Entities as Energy Energy Markets Transition

TechnipFMC plc, which provides worldwide subsea, onshore, offshore and surface technology services, plans to create two independent, publicly traded companies to enhance the transitioning energy markets.

August 27, 2019

Global Offshore Resurgence On Beat to Surpass 2017, Onshore Developments Also Strong

Up to 200 oil and gas projects worldwide could be approved by year’s end, lifted by a resurgence in offshore activity and better execution, analyst teams said this week.

August 15, 2018

Talos Mississippi Canyon Well in Deepwater Ramps Near Top of Guidance, Ahead of Schedule

Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d — near the top of guidance.

July 19, 2018

McDermott, CB&I Move Toward Closing Merger, But Subsea 7 Making Waves

Houston engineering and construction giant McDermott International Inc. announced preliminary plans as it prepares to complete a merger with crosstown CB&I on Monday only days after Subsea 7 SA launched a hostile takeover bid, but only for McDermott.

April 23, 2018

Shell’s Brutus/Glider Properties in GOM Sold to EnVen for $425M

Royal Dutch Shell plc agreed Monday to take $425 million from EnVen Energy Corp. for the Brutus platform and Glider production system in the deepwater Gulf of Mexico (GOM).

August 29, 2016
Technip-FMC Merger Muscles Into Competition With Leading OFS Providers

Technip-FMC Merger Muscles Into Competition With Leading OFS Providers

Houston-based FMC Technologies Inc., a technology innovator in the subsea and on land, on Thursday agreed to merge with Paris-based Technip, an energy engineering and construction giant, in a transaction valued at $13 billion.

May 19, 2016

Automation, Expanded LNG Use in Transportation On Horizon

Fully automated drilling operations, autonomous pipeline inspections and the expanded use of natural gas to fuel trucks and railways are likely to be at the forefront by 2025 as technology makes gains in the upstream industry, industry consultant DNV GL said.

April 6, 2016
North America Onshore Downturn More Severe than Anticipated, Says FMC Chief

North America Onshore Downturn More Severe than Anticipated, Says FMC Chief

FMC Technologies Inc., one of the biggest vendors to North America’s oilfield service (OFS) operators, experienced significant declines in North America land operations during the second quarter and now expects no relief before 2016.

July 22, 2015
OneSubsea, Subsea 7 SA Partner on Integrated Offshore Systems

OneSubsea, Subsea 7 SA Partner on Integrated Offshore Systems

Houston-based OneSubsea is allying with Norway’s Subsea 7 SA to design, develop and deliver integrated options for the offshore, a market that has seen as big a downturn if not more, than the onshore.

July 14, 2015
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