Oceaneering International’s manufactured products segment won $200 million in contracts during the fourth quarter of 2023, the company announced Feb. 5.
Two of the contracts constitute the majority of the forecasted value. One is to provide 21 miles of electro-hydraulic, steel tube umbilicals for a large, high-quality, greenfield development in the Gulf of Mexico. Final delivery on that project is expected in third quarter 2026.
The second contract is related to the next phase of a staged development in the Black Sea. Oceaneering is to supply 28 miles of electro-hydraulic, steel tube dynamic and static umbilicals and supporting subsea distribution hardware. Production will begin in Oceaneering’s Rosyth, Scotland facility in 2024, with final delivery in third quarter 2025.
Other contracts booked in fourth quarter 2023 include scopes of work to supply additional subsea umbilicals and umbilical termination hardware, Grayloc and Rotator products and mobility solutions products for projects not mentioned above.
Recommended Reading
Chevron, Brightmark JV Opens RNG Facility in Arizona
2024-04-10 - Eloy RNG produces RNG using anaerobic digesters at the Caballero Dairy in Arizona, Brightmark said April 10.
Shell Taps Bloom Energy’s SOEC Technology for Clean Hydrogen Projects
2024-03-07 - Shell and Bloom Energy’s partnership will investigate decarbonization solutions with the goal of developing large-scale, solid oxide electrolyzer systems for use at Shell’s assets.
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
2024-04-26 - Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.
Clean Energy Begins Operations at South Dakota RNG Facility
2024-04-23 - Clean Energy Fuels’ $26 million South Dakota RNG facility will supply fuel to commercial users such as UPS and Amazon.
1PointFive, AT&T Enter Carbon Removal Pact
2024-03-13 - 1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like direct air capture.