Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (December 01 – December 07).

Allseas’ flagship vessel, the 382 metres long and 124 metres wide Pieter Schelte, might be looking for a new job following the latest South Stream developments.

Namely, during his latest visit to Turkey, President of Russia, Vladimir Putin, stated that they won’t pursue the South Stream pipeline project. Following Putin’s statement, Allseas commented: “The loss of the South Stream line 2 contract is unfortunate and means that Allseas will now start searching for new work for that period.”

Following the latest events regarding the South Stream project, Saipem has received a “Notification of suspension of Marine Spread activities”.

The suspension notification, the company received from its client, puts a stop on all the current Saipem vessels involved in the pipe laying activities. The Italian company said that it is not yet possible to determine the economic impact of the suspension on its business, as both the duration of the suspension and the client’s ultimate decision on the project are unknown.

SBM Offshore has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash.

OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%). Both parties have signed a memorandum of agreement, and SBM Offshore will charter the vessel under a long-term bareboat charter for a fixed period of 12 years.

President of Russia, Vladimir Putin, has stated that they won’t pursue the South Stream pipeline project for gas from the Black Sea to Europe.

Durining his latest visit to Turkey Russia’s president stated: “I think it’s clear to everyone that it would be ridiculous to start the construction in the sea, reach the Bulgarian shore and stop. So we are forced to reconsider our participation in this project.” Putin also pointed out Russia’s readiness to satisfy Turkey’s growing demand for gas, by not only expanding the Blue Stream pipeline, but also building another pipeline system.

IHC has successfully launched Subsea 7’s 550t pipelaying vessel, SEVEN RIO, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was carried out by Lucia Andrade, Petrobras Executive Manager for the Libra Project.

In August last year, IHC announced the orders from Subsea 7 for three ships of identical design to the recently launched SEVEN WAVES.