{"id":4380,"date":"2016-02-22T12:11:07","date_gmt":"2016-02-22T12:11:07","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4380"},"modified":"2016-02-22T12:11:07","modified_gmt":"2016-02-22T12:11:07","slug":"ge-oil-gas-signs-agreement-with-statoil-for-future-subsea-projects","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/ge-oil-gas-signs-agreement-with-statoil-for-future-subsea-projects\/","title":{"rendered":"GE Oil &#038; Gas Signs Agreement with Statoil for Future Subsea Projects"},"content":{"rendered":"<p style=\"line-height: 15.0pt; background: white; vertical-align: baseline; margin: 0in 0in 4.8pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial','sans-serif'; color: #333333;\">GE Oil &amp; Gas has signed a Master Service Agreement with Statoil for new subsea projects that will enable GE to continue to support the international energy company\u2019s value creation in a low oil price environment.<\/span><\/p>\n<p style=\"line-height: 15.0pt; background: white; vertical-align: baseline; font-stretch: inherit; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px; margin: 0in 0in 4.8pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial','sans-serif'; color: #333333;\">The global agreement forms the basis for potential new contracts for subsea equipment and services on new projects and field developments. The contract is valid globally until 2025.<\/span><\/p>\n<p style=\"line-height: 15.0pt; background: white; vertical-align: baseline; font-stretch: inherit; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px; margin: 0in 0in 4.8pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial','sans-serif'; color: #333333;\">\u201cWe are pleased to have secured an agreement with Statoil that paves the way for further and deeper collaboration between the companies within the subsea segment in the next decade,\u201d says Tom Huuse, Managing Director of GE Oil &amp; Gas in Norway.<\/span><\/p>\n<p style=\"line-height: 15.0pt; background: white; vertical-align: baseline; font-stretch: inherit; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px; margin: 0in 0in 4.8pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial','sans-serif'; color: #333333;\">GE Oil &amp; Gas recently delivered subsea production system equipment for Statoil\u2019s Sn\u00f8hvit gas field in the Barents Sea on the Norwegian Continental Shelf.<\/span><\/p>\n<p style=\"line-height: 15.0pt; background: white; vertical-align: baseline; font-stretch: inherit; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px; margin: 0in 0in 4.8pt 0in;\"><span style=\"font-size: 10.5pt; font-family: 'Arial','sans-serif'; color: #333333;\">In today\u2019s oil price environment, sustained focus on costs and efficiency will ultimately be the key to develop several currently marginal prospects and discoveries. GE and Statoil are already working closely together in the Power Collaboration initiative, which aims to accelerate the development of sustainable cost efficient energy solutions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GE Oil &amp; Gas has signed a Master Service Agreement with Statoil for new subsea projects that will enable GE to continue to support the international energy company\u2019s value creation &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/ge-oil-gas-signs-agreement-with-statoil-for-future-subsea-projects\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[4087,4086,4089,4090,2404,4088],"class_list":["post-4380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-agreement","tag-ge-oil-gas","tag-master-service-agreement","tag-power-collaboration-initiative","tag-statoil","tag-subsea-projects","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/GE-Oil-and-Gas.png?fit=464%2C248&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-18E","jetpack-related-posts":[{"id":1403,"url":"https:\/\/www.oilnewskenya.com\/index.php\/technip-awarded-renewal-of-subsea-services-framework-agreement-with-statoil-exxon-mobil-gassco\/","url_meta":{"origin":4380,"position":0},"title":"Technip awarded renewal of subsea services framework agreement with Statoil, Exxon Mobil &#038; Gassco","author":"Samuel Kamau Mbote","date":"July 8, 2014","format":false,"excerpt":"Technip was awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years, Technip will provide these services for the next four years. This\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6098,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ge-oil-gas-eni-sign-partnership-to-develop-gas-resources-offshore-mozambique\/","url_meta":{"origin":4380,"position":1},"title":"GE Oil &#038; Gas, Eni Sign Partnership To Develop Gas Resources Offshore Mozambique","author":"","date":"June 27, 2017","format":false,"excerpt":"GE Oil & Gas has signed a long-term agreement to collaborate with EEA, on the offshore Mozambique developments it operates. 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