Latest News

Hydraulic subsea tools specialist, Webtool, is developing a Fast Intervention Tool for subsea pipeline decommissioning in conjunction with Chevron Energy Technology Company. The tool will crimp, seal, and cut the pipe reducing the potential for contamination of the marine environment, potentially removing the requirement for a containment dome during pipeline cutting, and minimizing diver intervention.

Equinor and Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in Malaysia. GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021.

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, has announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.

Subsea 7 S.A. has announced the award of a sizeable(1) three-year extension of an existing DSVi(2) frame agreement, with seven North Sea clients: Chevron North Sea Limited, Dana Petroleum (E&P) Limited, Hess Denmark APS, Nexen Petroleum U.K. Limited, Repsol Sinopec Energy UK Limited, Shell UK Limited and TAQA Bratani Limited.

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