fetching latest news

News tagged in:  

Contract Award NEWS

Coor lands contract extension from Equinor
April 2, 2020

Coor lands contract extension from Equinor

Sweden-based Coor has landed a contract extension from Norwegian energy major, Equinor for offshore facility management. The contract extension is a direct continuation of Coor's March 2015 contract. Coor has been delivering facility management services to five Statfjord and Snorre oil platforms for 5 years. The contract agreement is estimated to cost Equinor ~$19.8m each year and the latest extension will come into effect from July, 2020.

Aker Solutions lands Brunei brownfield services contract
March 30, 2020
Source: World Oil

Aker Solutions lands Brunei brownfield services contract

Engineering firm, Aker Solutions has inked a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP) through a joint venture with PTAS Sdn Bhd. The scope of the contract includes maintenance and upgrades to sustain production levels for over 200 offshore assets. The joint venture will operate under the name of PTAS Aker Solutions Sdn Bhd, and will ensure seamless delivery to BSP.

Tullow terminates Maersk Venturer's contract
March 25, 2020
Source: World Oil

Tullow terminates Maersk Venturer's contract

Tullow Ghana has terminated Maersk Drilling's contract for the Maersk Venturer deepwater drillship. The rig which has been working for Tullow Ghana since February 2018 was contracted for operations until February 2022. Following the contract termination, the rig will operate only till June 2020. As of March 20th, 2020, Maersk Drilling upholds its profitability guidance for 2020 of EBITDA before special items of $325-$375 million.

CPECC lands $203.5 million contract in Iraq
March 23, 2020
Source: Reuters

CPECC lands $203.5 million contract in Iraq

CNPC-owned China Petroleum Engineering & Construction Corp (CPECC) has landed the $203.5 million worth sour gas treatment contract in Iraq. The engineering contract is part of the 29-month long project which aims at building 4.39 million cubic meter-sour gas treatment facility for Iraq’s Majnoon oilfield. The field is currently operated by state-run Basra Oil Co, and produces around 240,000 bpd, which will be later boosted to 450,000 bpd.

BW Offshore lands 5 year contract in Gulf of Mexico
March 19, 2020
Source: Global Newswire

BW Offshore lands 5 year contract in Gulf of Mexico

Norway's BW Offshore has landed a five-year contract for the lease and operation of the BW Pioneer from MP Gulf of Mexico, LLC. The contract, concluding in March 2025, has an option to extend for another five-year. CEO, BW Offshore said, “We are very pleased to have reached a long-term agreement with MP GOM for the BW Pioneer, confirming our strong relationship with MP GOM on the Cascade and Chinook fields”.

TechnipFMC lands iEPCI contract from BP Angola
March 12, 2020

TechnipFMC lands iEPCI contract from BP Angola

EPC giant, TechnipFMC has landed an integrated EPCI contract from BP Angola for the Platina field. The contract, worth between $75m and $250m, will see TechnipFMC carrying out the manufacturing, delivery and installation of subsea equipment at Block 18 of the Platina field. TechnipFMC Subsea President, Arnaud Pieton commented: “We are very pleased to have been selected by BP for this important deepwater development offshore Angola.

Maersk Discoverer lands $3.8m contract offshore Egypt
March 5, 2020

Maersk Discoverer lands $3.8m contract offshore Egypt

Danish drilling contractor, Maersk Drilling has landed a $3.8m drilling contract for the Maersk Discoverer offshore Egypt. Maersk Discoverer is a DSS-21 self-propelled A1 column-stabilised, dynamically positioned deep-water rig. The one-well drilling contract will commence this month will see the semi-submersible rig perform operations for the next 21 days. The new contract comes as a direct continuation of the Discoverer's current contract.

Sandvik lands stainless steel umbilical tube contract in Brazil
March 4, 2020
Source: World Oil

Sandvik lands stainless steel umbilical tube contract in Brazil

Swedish engineering group, Sandvik has landed the first large scale stainless steel umbilical tube contract in Brazil’s Mero oilfield. The Brazil offshore industry typically uses thermoplastic hose umbilicals. The contract will see Sandvik providing over 500 kms of super duplex Sandvik SAF 2507® stainless steel umbilical tubes encapsulated by Prysmian Group. The Mero oilfield is by a consortium of Petrobras, Total, Shell Brasil, CNPC and CNOOC Ltd.

Shawcor secures coating services contract from Subsea 7
Feb. 25, 2020
Source: Global Newswire

Shawcor secures coating services contract from Subsea 7

Canadian Oilifled firm, Shawcor Ltd has entered into a contract with Subsea 7 through its pipe coating division, to deliver thermal insulation coating services for the Woodside Sangomar Offshore Project in Senegal. The contract, valued at CAD$30-$50 million, will see Shawcor providing the required services from its Orkanger, Norway facility. The work will commence in the first quarter of 2021 and slated for execution in 2Q2021.

Petrofac lands two contracts worth $1.65 billion
Feb. 19, 2020

Petrofac lands two contracts worth $1.65 billion

Oilfield services provider, Petrofac yesterday informed about securing two contracts worth ~$1.65 billion from state-run ADNOC for the Dalma gas development project in the UAE. The first package of the contract, priced at $1.07 billion, pertains to developing gas processing facilities at Arzanah island. The second tranche is estimated to be worth $591 million. The contract award comes as the UAE looks to achieve gas self-sufficiency.

Pemex awards multiple contracts for E&P projects
Feb. 18, 2020

Pemex awards multiple contracts for E&P projects

Mexican state-run Pemex has commenced signing contracts with oilfield service firms specifically invited for submitting regarding a new batch of priority E&P projects. Octavio Romero, CEO, Pemex, who was speaking on the sidelines of an energy event in Ciudad del Carmen, informed that the closed bidding process allows Pemex to save on costs. Romero foresees all the contracting for this year's projects to be concluded by the middle of 2020.

Total renews CGG's contract at DPC
Feb. 14, 2020
Source: World Oil

Total renews CGG's contract at DPC

Oil supermajor, Total has awarded a contract renewal to CGG's Geoscience division, to continue operations at its Dedicated Processing Center (DPC) in France. The contract renewal will extend CGG's activities for the next five years. The two firms have been collaborating at the DPC since 2006. The DPC has been recognized for excellence, especially in 4D processing.

NV5 lands a $34 million EPC contract
Feb. 11, 2020
Source: Oil and Gas 360

NV5 lands a $34 million EPC contract

Florida-based engineering and consulting solutions provider, NV5 Global Inc. has announced the award of a $34 million EPC contract for the liquefaction system upgrade at an LNG facility. The project will bring in a new liquefier to substitute an older system for increasing the capacity and improving reliability, safety, and ease of operation. The project is slated for completion in approximately 18 months.

Grupo R signs a contract with Shell
Feb. 7, 2020

Grupo R signs a contract with Shell

Grupo R has signed a contract with Shell for the lease of the La Muralla IV platform. Under the scope of this contract, Shell will have the drilling rig and a support team to drill three wells in the Gulf of Mexico. The activities will begin in the third quarter of 2020. This contract is a part of Shell's strategy to escalate deep-sea exploration in its Mexican operations.

Lamprell secures jack-up rig construction contract from IMI
Jan. 21, 2020

Lamprell secures jack-up rig construction contract from IMI

UAE-based oil rigs manufacturer Lamprell has secured a contract from International Maritime Industries (IMI) for the delivery of two jack-up drilling rigs. The two Keppel LeTourneau jack-up drilling rigs will be designed on the basis of the Super 116E. IMI said that the firm will collaborate with Lamprell to construct the two rigs. Lamprell estimates the share from the project to gross at approximately $350m.

Sparrows secures lifting inspection services contract in Kazakhstan
Jan. 15, 2020
Source: World Oil

Sparrows secures lifting inspection services contract in Kazakhstan

Integrated services provider, Sparrows Group has landed a five-year contract from Tengizchevroil (TCO) to provide specialist lifting inspection services for Kazakhstan's Tengiz field. The contract award builds upon Sparrows continued relationship with TCO from 2004. The contract requires Sparrows to conduct pre-mobilization and annual inspections for mobile cranes, gantry cranes, forklifts and boom trucks. TCO operates as a joint venture between Chevron, ExxonMobil, KazMunayGas and LukArco.

Axens lands licensing contract from Borogue
Jan. 15, 2020

Axens lands licensing contract from Borogue

ADNOC's and Borealis' JV, the Abu Dhabi Polymers Company Ltd (Borouge) has awarded a licensing contract for the Borouge 4 project to France-based Axens. The contract terms require Axens to supply process books, catalysts & adsorbents, proprietary equipment, trainings and technical services. Axens will provide Borogue with an MTBE unit coupled with1-Butene production unit and 1-Hexene unit for the Borouge 4 project in Ruwais-Abu Dhabi, UAE.

Subsea 7 lands installation services contract from Chevron
Dec. 21, 2019

Subsea 7 lands installation services contract from Chevron

Subsea 7 has secured the subsea installation service contract from Chevron for the at the St. Malo field. The contract terms require Subsea 7 to provide project management, engineering, procurement, construction and installation services for the multiphase pump system at the field. The St. Malo field in Gulf of Mexico is a 14-mile water injection flowline system, which includes a Swagelining polymer lined flowline, and the water injection control system.

Please Login to Save News for Later