Scana’s Seasystems Hooks Mooring Deal for FLNG Scheme
Scana-owned Seasystems has signed a contract for the delivery of mooring equipment to a floating liquefied natural gas (FLNG) project, worth up to $6.7 million.The delivery consists of mooring equipment such as chain stoppers, chain handling systems, and winches, under a sizeable contract for the company, meaning its value is between $2.2 million and $6.7 million.For Seasystems, the project starts immediately and will be delivered in the fourth quarter of 2025.Seasystems has worked with the client since early 2023 to develop the mooring solution. The project has completed the Pre-FEED and FEED phases
Scana’s Subseatec Hooks Supply Deal for Subsea Production Systems
Scana-owned Subseatec has signed a frame agreement with an international company within subsea technology to act as its exclusive global supplier of steel parts for subsea production systems.The frame agreement will begin in the first quarter of 2025 and extend for a period of three years.The frame agreement does not entail a minimum delivery obligation but based on historical revenues related to the client and an expected pipeline over time, Scana expects the volume to be classified as a sizeable contract.For Scana, this means the contract value is between $2.2 million and $6.6 million.“The
Scana’s PSW Technology Divests Well Control Equipment
to further develop similar well control equipment in our possession, hence expanding our market position,” said Richard Cornell, Managing Director in PSW Technology.“The transaction is a continuation of unlocking cash potential in our balance sheet, as previously demonstrated by the sale of Scana Korea. We are pleased that we can both enhance our liquidity and distribute funds to our shareholders and in addition strengthen our delivery capabilities in well control services,” added Pål Selvik, CEO of Scana.Assuming the transaction is completed, the board of directors of Scana will
PSW Technology Secures 3-Year Deal with Norwegian Oil Firm for Capping Stack Services
Scana's PSW Technology has signed a frame agreement with an unnamed Norwegian oil and gas operator for Capping Stack & Support Services. The contract consists of a fixed period of 3 years with a 2+2-year option. The value of the frame agreement is defined as a sizable contract if both options are exercised.For Scana, a sizable contract is defined to be between NOK 20 million and NOK 50 million.The company will be responsible for the provision of capping stack and related well control equipment, and emergency response services. The contract period will start in the fourth quarter of 2023.
Scana's Subseatec Nets 'Sizeable' Contract for US Gulf of Mexico Subsea Project
Scana-owned Subseatec has signed a "sizeable" contract with an unnamed international energy company to deliver steel stress joints for a subsea development in the US Gulf of Mexico (GoM). Subseatec’s scope is a total delivery of steel stress joints in low-alloy steel, including engineering and procurement. These are stress joints for steel catenary risers made in high-strength steel for offshore deepwater development.Manufacturing is planned to start immediately, and deliveries will start in 2024. For Scana, a sizeable contract is defined as being worth between NOK 20
PSW Technology Nets 'Sizable' Deepwater BOP Stack Services Contract
services and equipment provider PSW Technology has secured a "sizable" contract for deep-water BOP stack services.Subsea blowout preventer (BOP) is a system used in offshore oil drilling to prevent well blowouts.Under the deal announced Tuesday, PSW Technology, a subsidiary of Oslo-listed Scana, will provide services for the modification, classification, and testing of a deepwater BOP stack, for an unnamed "international subsea customer."The work under the contract will start in the first quarter of 2023. Scana said the contract was a sizable one, meaning it is worth
Scana's Subseatec Wins 'Sizeable' Riser Joints Order
Scana's Subseatec has won a contract with an international energy company for the delivery of riser joints. The joints are intended for an offshore field development. Scana said the deal was a sizeable contract for the company, meaning it is worth between NOK 10 million and NOK 50 million.Subseatec’s scope is a delivery of ready-to-use riser joints in low alloyed steel, including engineering, manufacturing, procurement, and documentation. "This order is a strong recognition of the company’s capability to deliver advanced products to the industry and the continuous development
Scana's Seasystems to Provide Mooring Solution for World's First Floating Tidal Energy Array
Scana’s subsidiary Seasystems has secured a contract for the mooring of the world’s first floating tidal energy array, the Pempa’q In-stream Tidal Energy Project in Minas Passage in Nova Scotia, Canada. When completed, the project run by Scottish Sustainable Marine will provide up to nine megawatts of electricity to the province’s power grid. This is enough to power around 3,000 homes and will reduce greenhouse gas emissions by 17,000 tonnes of CO2 annually.The first phase consists of a 420-kilowatt PLAT-I tidal energy platform, and Sea systems AS has been commissioned
Scana Offshore Wins Offshore Wind Contract
Kvaerner ASA awarded Scana Offshore AS a contract for the supply of mooring equipment to Hywind Tampen, Equinor's new floating wind farm. The contract is Scana Offshore's first hardware contract in the floating wind power market.The delivery from Scana Offshore will consist of 33 hull brackets, which are used to attach anchoring lines to the hulls on the 11 offshore wind turbines that make up the Hywind Tampen wind farm. The company will also provide ROV tools for possible replacement of the anchor lines.“We have a long track record of deliveries to the oil, gas and aquaculture market.
February 2025
