![Subsea7 Awarded Sizable Contract in GoM](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/04/subsea7.jpg?itok=jbAhRDo_)
Subsea 7 has been awarded a sizable contract from Talos Energy for work on the Sunspear development in Green Canyon Block 78 in the Gulf of Mexico. (Source: Shutterstock)
Subsea 7 has been awarded a sizable contract from Talos Energy for work on the Sunspear development in Green Canyon Block 78 in the Gulf of Mexico, the subsea services company announced in an April 12 press release.
The project involves the subsea tie back of a Sunspear production well to the Prince platform 12 km to the north. Subsea7 will install the flowline and related subsea equipment at water depths of 500 m.
Subsea7 defines a sizeable contract as being between $50 million and $150 million. Offshore work on the project is scheduled to begin later this year.
Recommended Reading
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
2024-07-23 - The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.
KKR in Exclusive Talks to Buy Eni's Biofuel Unit for Up to $13.6B
2024-07-23 - KKR enters exclusive talks to buy stake in Eni's biofuel unit although the Italian energy producer said the global investment firm was not the only potential buyer.
NatGas Purgatory: US Gas Spot Prices Hit Record Lows in 1H24—EIA
2024-07-22 - Facing record-low commodity prices, U.S. dry gas producers have curtailed production and deferred new completions in the first half of 2024.
Sempra Infrastructure Contracts with Bechtel for Port Arthur LNG Phase 2
2024-07-22 - Sempra Infrastructure has entered into a fixed-price engineering, procurement and construction contract with Bechtel at Sempra’s Port Aurther LNG Phase 2 project.
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
2024-05-02 - Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.