Upstream supply chain in brief

Table of contents

• Deepwater cost inflation on the horizon
• Subsea 7 S.A. Q3 2018 results
• Taking the temperature of the subsea market in Houston
• What is the cost of recovery in deepwater?
• October supply chain contract round up
• Semi-sub market warming up
• Saipem receives Absheron contract
• Two major SURF (subsea umbilicals, risers, flowlines) awards up for grabs - will TechnipFMC clutch them both?
• Two landmark awards for the subsea industry
• Kings Landing award gives much needed boost to Hyundai
• Ensco and Rowan merger makes waves
• 2018 SURF (subsea umbilical, riser and flowline) awards surpass 2017 activity
• Equinor taps into Aker Solutions and TechnipFMC for further collaboration
• Total prepares for Latin America drilling
• Larger orders set up subsea market for growth in 2018
• Operators continue to secure 2019 rig slots at bottom pricing
• Global pipeline and umbilical forecast has seen increased installation activity in 2018
• The Americas continue to dominate the FPS award outlook
• Recent fixture activity
• Optimism in the air at ONS
• Offshore rig markets: positioning themselves for recovery
• Transocean expands premium fleet with purchase of Ocean Rig
• Johan Sverdrup phase 2 moving forward
• July and August contract award round up
• Subsea demand ramping up in H1 2018
• Gulf of Mexico lease sale 251 demonstrates strength
• Offshore collaborative towards North Sea innovation
• North Sea drilling outlook
• In high spec, high optimism
• Noble Plc – Earnings Release
• Vintage Jackups – A long awaited nail in the coffin?
• Deepwater demand drove costs down, but the tide is turning
• The Majors are preparing for deepwater action, but taking their time to do it right
• Rowan Cos. Plc – reported results
• Transocean Ltd. – reported results
• Ensco plc – reported results
• Transocean leads the pack with substantial contract awards in Q2-2018
• A more positive outlook for the deepwater drilling market
• Total continues US$575,000/day drillship charter in Angola
• The recovery is here, but don’t get too jacked-up
• Offshore contracting activity is picking up the pace
• East is best for the subsea market in 2018
• Yard backlogs boosted as FPS construction awards continue
• Creatively cultivating opportunities: Premier Oil's Sea Lion and Dril-Quip
• Block 17 boosts Sub-Sahara subsea market
• Fast4Ward for Liza
• Johan Sverdrup phase 2 moving forward
• Integrated subsea offerings – are they making a difference?
• Rowan secures an important contract for the Relentless drillship
• CNOOC Ltd hands 2018’s largest subsea tree order to TechnipFMC
• Brazil is back on the radar for drilling contractors
• New local content rules to the rescue
• May contracts round-up
• Downturn + smaller project = tough installation market
• Shell finds more success in Jurassic with the Dover discovery
• Could P&A work save the day for elderly rigs?
• Subsea orders in Q1 2018: strong overall demand, Norway still in front
• Jurong lures private equity dollars into the ultra- deepwater rig sector
• Rosebank moving towards FID
• Borr sells off Paragon assets in one fell swoop
• Dash for gas gives a boost to offshore activity
• Increased SURF tender and award activity driven by cost reductions
• Deepwater day rates remain persistently low
• Statoil protects against inflation with new rig contract
• Subsea 7 issues unsolicited proposal to acquire McDermott
• Subsea market flips back to growth
• Bottom for deep water rig market looms
• Global subsea cost outlook
• Positive subsea activity leads to strong 2018 demand potential
• Leased FPSO market overview
• Transocean third quarter earnings call
• Noble Corp. third quarter earnings call
• Diamond Offshore third quarter earnings call
• Ensco Drilling third quarter earnings call
• Subsea market improving, but remains challenging for supply chain
• 2017 SURF contract award activity
• Global deepwater exploration activity
• Borr Drilling snaps up nine new jackups
• Deepwater rig counts & utilisation
• Transocean extends back-log for Deepwater Invictus
• Worley Parsons to acquire the UK business section of Amec Foster Wheeler
• Libra Pilot project update
• ROV utilisation ratesto recover

Tables and charts

This report includes 70 images and tables including:

• Global deepwater demand indices (2013 = 100)
• Forecast Norway, UK semi-sub counts (Includes non-HE and HE Semi-subs)
• Proportion of subsea tree demand driven by the Majors and Petrobras

What's included

This report contains:

• Upstream supply chain in brief

  PDF 2.68 MB

• USC contracts awarded March April.xlsx

  XLSX 14.63 KB

• May Contracts awarded.xlsx

  XLSX 71.44 KB