TechnipFMC to Supply Subsea Production System for Shell’s Nigerian Deepwater Project
Oilfield services company TechnipFMC has secured a contract with Shell’s subsidiary, Shell Nigeria Exploration and Production Company Limited (SNEPCo) to supply its Subsea 2.0 production systems for the Bonga North development offshore Nigeria.The contract, valued between $250 million and $500 million, covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.Shell recently made a final investment decision (FID) on deepwater Bonga North development, which will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading
Portugal Ushers in Floating Wind Era
to build a cleaner, more resilient and prospered blue economy together.”The open event was hosted by WavEC Offshore Renewables in collaboration with the Embassy of Norway in Portugal, Innovation Norway and Norwegian Offshore Wind.Other participants included DGEG, DNV, Source Galileo, Qair, BayWa,TechnipFMC, Odfjell Ocean Wind, TGS, Vestervind Contractors, Global Maritime, ETERMAR, Principle Power, X1Wind, Gazelle Wind Power, Wergeland Group, Reach Subsea, Wedge, Spoor, SINTEF, APDL (Ports of Douro, Leixões and Viana do Castelo), Port of Setúbal and Sesimbra, the Norwegian Marine Energy
Technip FMC, Saipem Good to Go for UK’s CCS Projects Work
Saipem and TechnipFMC, under two separate contracts, have secured notices to proceed with the development of Northern Endurance Partnership (NEP) carbon capture and storage (CCS) projects in the U.K.Saipem secured final award for the two projects Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) for the development of offshore facilities for the transportation and storage of CO2 of the East Coast Cluster.The overall value of the two projects is approximately $682 million, with a duration of 30 months.The first project has been awarded by the NEP’s entity called Net Zero
TechnipFMC and Prysmian Form Floating Wind Partnership
TechnipFMC and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed to ocean surface.The collaboration will leverage the expertise of TechnipFMC’s system design and integration capabilities in dynamic offshore applications with Prysmian’s experience in the production
Subsea Digitalization: Remote Control
for Jansz-Io demonstrates the scale of what is being put on the seabed, but there’s a diversity of other infrastructure under development that will operate alongside traditional production systems.This includes subsea fluid storage technology from NOV Subsea Production Systems, and TechnipFMC and Sulzer Flow Equipment’s subsea CO2 pumps for new high pressure separation technology from Petrobras.Chevron’s landmark 6,500 tons of subsea gas compression infrastructure for Jansz-Io demonstrates the scale of what is being put on the seabed.Photo: ChevronThe growing number
At Least Two Companies Seek Norway Seabed Mining Permits
for acreage submitted by a May 21 deadline will form the basis for announcing the country's first seabed mineral exploration licensing round later this year, Norwegian authorities have said.Norway's energy ministry did not immediately respond to a request for comment.Startup Loke, backed by TechnipFMC, Wilhelmsen and Kongsberg Gruppen, told Reuters it had nominated a substantial number of blocks focusing on areas with polymetallic crusts, rich in cobalt and rare earth elements."We are encouraged by the significant resource potential and are looking forward to the first licensing round,"
Vallourec Wins ExxonMobil’s Whiptail Order Offshore Guyana
located in the Stabroek Block, a 26,800 km2 strategic basin located off Guyana’s continental shelf, where several important discoveries have been made since 2015.In April, ExxonMobil has awarded major contracts for the development of the Whiptail field, including subsea production system scope to TechnipFMC, TCP Deal for Strohm, as well as the construction and installation of the FPSO Jaguar that will be deployed on the field awarded to SBM Offshore.TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off GuyanaStrohm Reels In ExxonMobil’s Third TCP Deal Offshore
Subsea Vessel Market is Full Steam Ahead
Vessels, Rate level (USD)Chart Courtesy Fearnley Offshore SupplyMultipurpose Vessels, Rate level (USD)Chart Courtesy Fearnley Offshore SupplyAnother insightful method to measure the health of the subsea market is to analyze the order backlog of the Tier 1 offshore construction contractors: Subsea 7, TechnipFMC, and Saipem. When doing so, we find that as per the end of 2023, these companies’ combined backlog stood at almost the same value as the previous peak 10 years prior. With more than $40 billion of work in their books, the Tier 1 players have just around 2% less orderbook value than in 2013
Balmoral Comtec Expands Workforce Following Rosebank Win
Balmoral Comtec, a Balmoral Group company and provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project. This contract award is already supporting the recruitment of over 50 new employees at its Aberdeen base.Balmoral Comtec will provide engineering, design and manufacture of buoyancy modules from its base in Aberdeen, Scotland. The modules will be installed on flexible risers and umbilicals. Gary Yeoman, Sales Director at
February 2025
