Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Written by Paulo Nogueira

Published on 01/09/2020 at 06:19

Updated on 01/09/2020 at 06:20

Navio lançador de tubos/ linhas Seven Navica Foto: SUBSEA 7

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Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

The scope of Subsea 7’s contract covers project management, engineering, procurement, installation, and pull-in of a rigid subsea flowline and flexible riser, along with flexible flowlines and associated subsea infrastructure and umbilical system.

According to the company, the deal is worth between US$ 50 million and US$ 150 million, and the offshore installation activities are expected to take place in 2021. Subsea 7 also highlighted that, at this time, no further details can be communicated.

Finally, the Contract Will Go to the Third Quarter Order Book.

As a reminder, the engineering and construction specialist reported a quarterly net loss of US$ 922 million in the second quarter of this year. The order book at the end of June was US$ 7.0 billion, of which US$ 2.1 billion is expected to be executed in 2020.

ARTICLE CONTINUES BELOW

Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

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Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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Black Hawk helicopter carries 24 basalt rocks weighing up to 2 tons through narrow Australian valleys to rebuild a 100-year-old dam, after floods destroyed the structure and forced engineers to transform the aircraft into a flying crane.

At 30 km altitude and nearly 7,000 km/h, the 14-X demonstrator of the Brazilian Air Force tested a scramjet engine without moving parts in Alcântara, in a project with the ambitious goal of reaching Mach 10, which has just received a historic investment of R$ 93 million from Finep.