Subsea 7 has been awarded a two-year extension to two underwater services contracts (USCs) by Shell Upstream International Europe, worth approximately US $240 million. Under these Life of Field contract extensions for Diving Support Vessel (DSV) and Remotely Operated Vehicle Support Vessel (ROVSV) services, both of which will start in 2016, Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services to Shell’s UK offshore fields and facilities. The DSV contract will be delivered on a 24 hour, year-round basis through to the third quarter of 2018. The ROVSV contract will cover a minimum of 100 vessel days per year and continue through to the second quarter of 2018. Subsea 7’s North Sea fleet, including the Seven Atlantic for the DSV workscope, will undertake the work under the USCs.
Kinder Morgan Inc. has begun internal discussions about building a third natural gas pipeline in the Permian Basin as demand for gas takeaway capacity continues to surge, CEO Steven Kean told investors on April 17.
Research center leader looks at one way Saudi Aramco is working to lower emissions, find better solutions for transportation.
Open season for the proposed Voyager crude line is extended by two months.