Latest News

McDermott Marine Construction Limited has awarded a contract to Nexans for the supply of approximately 100 km subsea umbilicals and accessories for the Greater Tortue Ahmeyim natural gas project offshore Mauritania and Senegal.

GATE Energy, an industry leader in oil and gas engineering, commissioning and specialty field services, announced the opening of its new Singapore office. This marks the first permanent location for the GATE Energy family of companies outside of the United States.

The subsea market in 2019 will experience year-on-year growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years.

BP announces that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP's interests in the state for a total consideration of $5.6 billion.

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