Schlumberger News

(Photo: Saipem)

Saipem/Subsea 7 Merger Would Create Subsea Giant

drilling rigs, one of the world’s biggest crane vessels and numerous offshore fabrication yards.”Saipem and Subsea 7 have reportedly been in merger talks in previous years, though an agreement was ever reached.Such a merger would create the fourth-largest oilfield service company, after Schlumberger, Halliburton and Baker Hughes

(Image: Schlumberger)

OneSubsea, Subsea 7 Win Ormen Lange Contracts

Schlumberger said its subsea technologies division OneSubsea has secured a frame agreement with A/S Norske Shell for an engineering, procurement, construction and installation (EPCI) contract for the supply of a subsea multiphase compression system for the Ormen Lange field in the Norwegian Sea.Through the EPCI contract, OneSubsea and its Subsea Integration Alliance partner Subsea7 will supply and install a subsea multiphase compression system that uses the industry’s only subsea multiphase compression technology. OneSubsea will, in the first phase of the project, do the engineering and design

Jean Cahuzac will step down from his position as Subsea 7 CEO at the end of 2019. (Photo: Subsea 7)

Subsea 7 CEO Will Retire at Year End

Subsea 7 announced that Jean Cahuzac will retire from his position as CEO at the end of this year, and will be succeeded from January 1, 2020 by John Evans, who is currently COO.Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008, having previously worked for Transocean and Schlumberger. Following his retirement as CEO, he will continue with Subsea 7 as a Non-Executive Director.Evans has been COO of Subsea 7 since he joined the company in 2005 and has over 30 years’ experience in the offshore energy services industry. He previously worked for KBR in a number of general

(File photo: TechnipFMC)

TechnipFMC to Split into Two Companies

will remain CEO for the upstream-focused company, which will focus on capital intensive subsea technologies and services. The Houston-based company will have a workforce of about 22,000 people.Catherine MacGregor, who joined TechnipFMC's New Ventures group last month after more than two decades at Schlumberger NV , will head up the engineering and construction services company. It will pursue new opportunities in liquefied natural gas (LNG) and broaden its market focus to include biofuels and alternative energy projects.That company will have about 15,000 employees.TechnipFMC received a record volume

(Image: Schlumberger)

OneSubsea Awarded Chevron Master Agreement

Chevron has awarded OneSubsea a 20-year subsea equipment and services master contract for development projects in the Gulf of Mexico, the subsea supplier’s parent company Schlumberger announced on Tuesday.Combining this master contract with a preapproved catalog of standardized subsea equipment will enable the US supermajor to decrease operating costs in its subsea projects, Schlumberger said.The provision of a OneSubsea custom catalog of equipment will also include innovative technologies that meet Chevron’s project requirements, including high-temperature projects or high-pressure

Thyssenkrupp’s MUM concept. Image from Thyssenkrupp.

Robotics: The Next Gen in Subsea Vehicles

an expected target. A surface system with a floating conveyor belt type arrangement would then collect them.“There’s a variety of seismic acquisition technologies out there that are mainly towed,” says Kyrre J Tjøm, iDrop’s founder and CEO, who has previously worked at Schlumberger and consulted for Equinor and Seabed Geo Solutions. “There are also nodes that are placed on the seabed by an ROV. There are others where you dump them over the side with concrete ballast and some propelled alternatives. Our system will remove the necessity for large specialist vessels with

Fairfield Geotechnologies Names Sugahara CEO

joined the company in 2017 as VP of Corporate Development. He has over 22 years in the energy industry in various business development and financing roles at Frank’s International, GE and Intergen.Mattos joined the company in January, 2019 as VP Data Processing after spending 19 years with Schlumberger and WesternGeco in various technical and business development roles

The strategic collaboration for the multiclient sparse node program will create a data set utilizing high-end imaging to serve clients in field development phases and also enable near-field exploration in the congested areas within the U.S. Gulf of Mexico. (Image: TGS)

TGS, Schlumberger Partner for Ocean-bottom Node Project

TGS and Schlumberger’s geophysical services product line WesternGeco will work together to develop opportunities to co-invest in additional multiclient ocean-bottom node projects in the deepwater  U.S. Gulf of Mexico under a new collaboration agreement announced Wednesday.This collaboration includes the previously-announced 2,350 square kilometer Amendment Phase 1 project in the Mississippi Canyon and Atwater Valley protraction areas. Supported by industry prefunding, Amendment Phase 1 commenced in early 2019 and data acquisition is expected to complete in the third quarter of 2019.Both TGS

(Photo: Aker Solutions)

Aker Solutions Raises 2019 Forecasts

is forecast to increase by up to 5 percent in 2019 and accelerate to 5-15 percent in 2020 according to industry estimates," CEO Luis Araujo said.Rival Halliburton this month said that it expects global offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV.Aker still faces fierce competition as industry overcapacity looms after years of restraint by oil companies after the 2014-16 oil price crash, with pricing for subsea equipment still under pressure."We expect markets to remain competitive in certain segments. But we still see prices improving

Image: Ocean Infinity

Ocean Infinity Names Paul Helmore as CCO

Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO).Paul has spent his career to date in business development roles, and brings a track record of managing complex commercial situations and driving international growth.  He joins Ocean Infinity from Schlumberger, where most recently he was Director Global Accounts, responsible for overseeing relationships with many of the company’s fastest growing, technology led, customers, said the seabed survey and ocean exploration company.During his career at Schlumberger Helmore held senior positions in Data

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