Keppel Wins $150 Million in FPSO Conversion Contracts

Keppel Shipyard announced today the signing of two Floating Production Storage and Offloading (FPSO) conversion contracts worth a combined value of S$190 million (USD $150 million). These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore). Once constructed, SBM Offshore's new FPSO will be installed at Shell's Stones field in … [Read more...]

Technip Wins Ultra-Deepwater Installation Contract at Stones

On May 8th, Shell announced their plans to develop the Stones field located approximately 200 miles south of New Orleans in Walker Ridge.  This 100%-owned field is the world's deepest at approximately 2,900 meters (9,500 feet). A critical element of any deepwater field is not just the drilling and completion of the wells, but also the installation of the complex subsea … [Read more...]