Subsea 7 S.A. has won a three year Life-of-Field Contract by BP Exploration & Production Inc., according to a statement released on their website. The contract will cover the provision of two vessels, including a dedicated vessel on full time basis, and associated project management and engineering support, for ROV based inspection, intervention and light construction work in the US Gulf of Mexico starting mid 2011. The estimated contract value of this Frame Agreement is approximately $125 million.
Ian Cobban, Vice President, Gulf of Mexico, commented “We are very pleased to have been awarded this BP Frame Agreement Contract. This Contract builds upon the Company’s strong track record of providing inspection, intervention and light construction work in a safe, reliable and cost effective way. This award demonstrates the depth of our project management and engineering capabilities, our excellent safety record, stringent HSEQ procedures and practices, and the high quality of our people, both onshore and offshore. This award also builds upon our relationship with Otto Candies, our strategic vessel partner for Life-of-Field activities in the Gulf of Mexico.”
Offshore wind turbine manufacturer Vestas has signed a Memorandum of Understanding with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City for supply chain investment in South Korea’s offshore wind energy sector....
(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence of 18-megawatt turbines set off...
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
April 19, 2024
Total Views: 3164
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.