Subsea Business definition

Subsea Business means (a) the development (including research), design, engineering, manufacturing, marketing, sale and servicing of products and services, installed or provided on the seabed or between the seabed and any platform or vessel on the surface, and which are associated with the control, handling, delivery, pumping, compression and processing of hydrocarbons and associated well fluids between the seabed and submerged processing and production facilities; (b) the provision, marketing and sale of consulting services aimed at assisting the customer to minimize any impediments associated with flow lines and umbilicals or other equipment on the seabed or between the seabed and the surface and to improve reservoir recovery rates; (c) the provision, marketing, sale and servicing of products and services that allow for the intervention of subsea wxxxx that cannot be accessed at surface, including the use and procurement of vessels to assist in such intervention services; and (d) (i) the provision, marketing, sale and servicing of products and services associated with measuring (excluding wellbore measurements) certain characteristics and parameters of said hydrocarbons, associated well fluids and the environment and (ii) subsea metering and surveillance. For sake of clarity, “Subsea Business” excludes all business lines, products and services that comprise the Non-Transferred Schlumberger Assets and the Non-Transferred Cameron Assets, as the case may be.
Sample 1

Examples of Subsea Business in a sentence

  • Planning & Scheduling Sub-Department:Project Management & Control Department:Major Subsea Projects Business Unit:Aker Subsea Business Area:Aker Solutions Company:Aker ASAGroup:FIGURE 6: COMPANY STRUCTURE (AKER SOLUTIONS, 2008)The structure of a project is divided into engineering, procurement and construction, which all have their respective disciplines who all have their specific deliveries.

  • Any abandoned Future Development that is assumed under this Section 9.14 may not be used by the assuming party within the scope or sold or licensed to a third party that does business within the scope of the Subsea Business while said assuming party remains bound by the terms of Section 12.6.

  • Any abandoned Transferred IP that is assumed under this Section 9.11 may not be used by the assuming party within the scope, or sold or licensed to a third party that does business within the scope, of the Subsea Business while said assuming party remains bound by the terms of Section 12.6.

  • Since December 31, 2011, no change in the Storm Subsea Business or the Storm Transferred Assets has occurred which has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Storm Subsea Business.

  • Section 4.13 of the Storm Disclosure Letter sets forth a correct and complete list as of the date hereof of all agreements with labor organizations, works councils, unions or associations applicable to the Storm Subsea Business Employees.

  • Rights to Future Developments licensed to Cameron or Schlumberger or its respective Affiliates under Section 9.5 above may be sublicensed to an unaffiliated third party by the licensee if that Future Development is used outside the scope of the Subsea Business in good faith as part of an ongoing business that the licensee otherwise is selling to such third party.

  • Neither Cyclone nor any Cyclone Entity nor any director, manager, officer, employee, agent or other person associated with or acting on behalf of any of the foregoing, directly or indirectly, has made, offered or agreed to offer a Prohibited Payment in connection with the Cyclone Subsea Business that would cause any such entity to be in violation of the FCPA, the UK Bribery Act or any Applicable Law related to anti-corruption.

  • The decrease was mainly attributable to weaker performance from the Subsea Business, and partially offset by improved performances from the Offshore Support Services Business and Shipyard Business.

  • There are no Claims pending or, to the knowledge of Storm, threatened against Storm or any of its Affiliates before any Governmental Authority (i) seeking to prevent or delay the Closing or (ii) relating to the Storm Subsea Business, except in each case for such Claims as have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Storm Subsea Business.

  • All utility easements, rights of access and other easements and similar rights serving the Cameron Owned Real Property are legally enforceable to permit the operation of the Cameron Subsea Business in substantially the manner in which the Cameron Subsea Business is currently operated.

Related to Subsea Business

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Micro Business means a company which either:

  • Excluded Business has the meaning set forth in Section 6.10.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Licensed Business means the activities connected with the conveyance of

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Qualified business means an eligible business that:

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Minority Business means a business:

  • Separate Business means each of the activities of the Licensee connected