The subsea development, located offshore India, involves completion of 11 oil and gas wells that are either at an infield location or an extension of existing fields, including marginal pools which will be connected to the nearest host facility, in water depths up to 100 m (328 ft), JDR said Feb. 15.

The judgement follows a July 2015 award confirming the claimants’ long-term contractual rights and a November 2015 judgement awarding them $1.96 billion for outstanding unpaid invoices, Dana said, Reuters reported.

Operations are scheduled to start in second-quarter 2017 offshore Gabon utilizing a multipurpose supply vessel from the Bourbon Evolution 800 series, the release said. ROV services and a platform supply vessel, provided by Bourbon, will also support survey and air diving operations for spool and riser installation.

The Geoholm vessel will be required to provide ROV and light construction support services to TechnipFMC in Australia for the Prelude FLNG water intake riser installation, a news release said.

Tudor, Pickering, Holt & Co. energy research said it views the award as positive for Oceaneering as activity in the offshore rig market continues to trend meaningfully lower.

Saudi Aramco will supply Arab Extra Light crude to Huajin to enable the Chinese state-controlled refiner to produce more naphtha for its petrochemical production, one of the sources said.

IKM will construct and install underwater equipment for the new Culzean gas field in the Central North Sea. 

Under the agreement, TechnipFMC will deploy its deepwater RLWI stack and two Schilling Robotics ROVs, from the Island Performer vessel, to perform riserless well access services on up to 20 subsea wells in the Ichthys Field, beginning in 2017.

The contract includes the engineering, procurement and installation of two oil pipelines offshore. Work is expected to begin immediately and finish by the end of second-quarter 2018, the company said.

The work will begin in direct continuation of West Elara's existing contract with Statoil. The West Elara has worked for Statoil since 2011.

The scope of the contract includes a subsea template manifold system, two subsea wellheads and vertical monobore subsea trees, production control system, and associated intervention and workover tooling, the release said.

Blue Whale is Vietnam's biggest natural gas project, with an estimated 150 billion cubic meters of reserves, Reuters reported.

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