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New contract for Olympic Delta

May 6, 2016

Olympic Shipping have contracted Olympic Delta to an international client. The vessel will be employed within renewable energy. Commencement of the contract will be from August and has a fixed period of 120 days plus options potentially extending the period to more than 200 days. Stig Remøy: “For many years we have focused on offering… Continue Reading »

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Technip Posts Profit Rise

May 5, 2016

French oil services provider, Technip, posted net income of €114.4 million for the first quarter 2016 compared to €86.1 million in the same period last year. Adjusted revenue for the first quarter was €2.76 billion, down 4.2 percent from €2.88 billion a year ago. In addition, the company reported a record 82% vessel utilization rate… Continue Reading »

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Skandi Açu Pipelay Vessel Christened

April 12, 2016

Huisman, together with VARD, DOF Subsea and Technip celebrated the christening of a pipe lay support vessel (PLSV), Skandi Açu, the Dutch specialist in lifting, drilling, and subsea solutions informed through its social media on Monday. The PLSV, equipped with Huisman’s 650mt flex-lay system and the 2,500mt and 1,500mt underdeck carousels, is designed for installation of… Continue Reading »

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Technip Scoops Hywind Contract

March 19, 2016

Statoil has awarded Technip Norway a contract for marine operations at Hywind Scotland Pilot Park project. The floating wind turbine park will be located 30 kilometers off the coast of Aberdeenshire, North East Scotland. The project is a result of the Hywind Demo project where Statoil and Technip worked together to install the world’s first floating… Continue Reading »

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Subsea 7 and Technip to Dive for Det norske

March 11, 2016

Det norske has been given permission to carry out manned underwater operations in the period from January 1 to December 31, 2016. According to the Petroleum Safety Authority Norway, the consent covers operations at Bøyla, Boa, Volund, Øst Kameleon, Viper Kobra and Alvheim FPSO. Under framework agreement, diving operators Technip Norway and Subsea 7 will… Continue Reading »

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Technip Hikes Q4 Profit

February 28, 2016

French oil services provider, Technip, posted higher fourth-quarter (4Q 2015) net income, boosted by better-than-expected revenue increase. In the fourth quarter 2015, Paris-based subsea major generated adjusted revenue of €3.11 billion, an increase of about 11% compared to €2,81 billion in 4Q 2014. Subsea revenues were roughly 15% higher for the quarter, at €1.48 billion. Full-year 2015… Continue Reading »

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Neptune Secures Kitan Disconnection Job

February 14, 2016

Neptune has been awarded an air diving services contract by Technip Oceania (Technip) for the Kitan disconnection project. The project includes the provision of air diving services to assist with the disconnection and abandonment of risers, mooring chains and the umbilical from the Glas Dowr FPSO in the Joint Development Petroleum Area of the Timor Sea,… Continue Reading »

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Technip Confirms Statoil Contracts

February 13, 2016

Technip was awarded by Statoil two contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The first development phase of Johan Sverdrup field, one of the largest oil fields in the North Sea, is targeted to be on-stream in 2019. The Oseberg Vestflanken 2 project is a development… Continue Reading »

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Technip Scores GoM Subsea Prize

February 10, 2016

Technip has been awarded a contract by Deep Gulf Energy III, LLC (DGE) for the development of the South Santa Cruz and Barataria fields. The fields are located in Mississippi Canyon, offshore New Orleans, in the Gulf of Mexico, in approximately 2,000 meters of water depth. The contract consists of: Project management and engineering services; Fabrication and… Continue Reading »

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Technip Wins Union Boycott Case in Norway

February 7, 2016

The Norwegian Labor Court has ruled in favor of Technip in the case against Industri Energi (IE) and the Norwegian Confederation of Trade Unions (LO) over the alleged “breach of peace obligation”. Nevertheless, it was a close call with four against three judges ruling against IE. Earlier this year, NHO, as the main representative organisation for… Continue Reading »

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