Shell secures umbilical needs

Offshore staff

THE HAGUE, the Netherlands – Shell (NYSE: RDS.A) has awarded Aker Solutions (Oslo Børs:AKSO) a five-year frame agreement for global supply of subsea umbilicals and cables.

Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications.

Potentially, this could generate revenues in the range of $200-400 million, depending on the number of projects that Shell decides to implement. Most of Shell’s subsea projects are offshore Norway, the UK, the Gulf of Mexico, West Africa, and Brazil.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...